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Code · BILL · 118th Congress · S. 5078 (Introduced in Senate) — To establish an independent entity within the Department of Housing and Urban Development to acquire and maintain dis... · Sec. 5

Sec. 5. Purposes of the authority

819 words·~4 min read·/bill/118/s/5078/is/section-5·

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The purposes of the Authority shall be to— acquire real estate, public land, corporate-owned vacant properties, including vacant, blighted, or underutilized developments, and publicly assisted or privately owned properties with liens, fees, or tax violations for the purpose of— providing adequate housing for extremely low-income families, low-income families, and moderate-income families; preventing involuntary displacement of families; and stabilizing communities, including underserved communities that have experienced historical legacies of exclusion; operate and maintain the physical and functional conditions of acquired properties to— preserve, modernize, and enhance the value, affordability, habitability, climate resiliency, energy efficiency, environmental sustainability, and residential and community amenities for current and future occupants of the real property; and contribute to the economic and social conditions of the surrounding community; rehabilitate, modernize, finance, and construct real property to carry out the purposes of this Act described in section 2(b); rehabilitate, modernize, finance, and construct real property so as to comply with such standards as the Authority shall require to encourage maximum environmental performance, including— using low-embodied carbon construction materials, as determined using a Type III Environmental Product Declaration (or a successor document) and in coordination with the Administrator of the Environmental Protection Agency; encouraging zero indoor or outdoor air emissions; ensuring accessibility of the property in accordance with— section 504 of the Rehabilitation Act of 1973 ( 29 U.S.C. 794 ); titles II and III of the Americans with Disabilities Act of 1990 ( 42 U.S.C. 12131 et seq. ; 42 U.S.C. 12181 et seq. ); the Architectural Barriers Act of 1968 ( 42 U.S.C. 4151 et seq. ); and the requirements under section 804(f)(3)(C) of the Fair Housing Act ( 42 U.S.C. 3604(f)(3)(C) ) relating to design and construction; reflecting the highest international architectural standards and the architectural standards of the neighborhood and the community in which the real property is situated; and employing innovative design principles and materials to advance public safety, fire safety and social infrastructure; advance the streamlining of construction procedures and development processes, which shall include engaging with jurisdictions on permitting and zoning reform, within and across all levels of government to reduce project time and cost burden, while maintaining high-quality standards; establish and use model policies and procedures for engaging community members, including community members at highest risk of housing displacement and unaffordability, and local governments to ensure projects leverage community expertise and responsive feedback to accurately and equitably assess and address local or regional needs for additional housing; convey acquired real property to eligible entities that will use it to guarantee affordable, habitable, and environmentally sustainable housing to extremely low-income families, low-income families, and moderate-income families; finance and support the transfer of acquired property to eligible entities, which may include technical assistance, administrative support, or ongoing operational support; provide an appropriate and expedient manner for owners of distressed properties to transfer ownership of those properties to the Authority; stabilize neighborhoods by reducing— foreclosures; and blighted or neglected real property; across the portfolio of the Authority’s properties, encourage a range of housing types that accommodate homeless families, families at risk of homelessness, and extremely low-income families, low-income families, and moderate-income families unable to afford market rents; promote intentional placement of housing in a balance of neighborhoods affording future residents choice in where they live, which may include proximity to work, transit, childcare, education, healthcare, access to food, and culturally relevant community resources; ensure that, within any real property— the quality of comparable dwelling units does not materially differ between units at various price levels; access to services and facilities does not materially differ between units at various price levels; and units at various price levels are not— physically located apart from one another; or outwardly identifiable according to affordability level; establish dignified, accessible, and streamlined processes for residents that minimize information collection burden, ensure privacy, and reduce barriers to accessing and maintaining affordable housing; coordinate with the Secretary of Health and Human Services, the Secretary of Agriculture, and the Secretary of Education to facilitate collaborative or co-located supportive service programs, which may include— childcare and early childhood education; out-of-school time programs; food and nutrition programs; health care programs; programs for older adults; and other programs; acquire housing that enables the Authority to assist people who wish to voluntarily relocate out of areas at high risk for extreme weather and into safer, affordable housing; in areas affected by a natural disaster or emergency declaration, acquire housing and assist with relocation and the provision of safe, affordable housing; encourage public land banking for permanently affordable social housing; preserve and improve existing public housing developments and affordable housing stock; provide relief to mortgage borrowers experiencing risk of foreclosure and preserve homeownership in times of economic distress or market instability; and affirmatively further fair housing by overcoming patterns of segregation, eliminating inequities in access to housing and related community assets, and fostering inclusive communities free from barriers that restrict access to opportunity based on protected characteristics.
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