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H.R. 1103 (ih) To provide safer schools and a better educational environment. [Introduced in House] ...
108th CONGRESS 1st Session H. R. 1102 To establish the National Affordable Housing Trust Fund in the Treasury of the United States to provide for the development, rehabilitation, and preservation of decent, safe, and affordable housing for low-income families. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 5, 2003 Mr. Sanders (for himself, Mr. Simmons, Ms. Lee, Mr. Shays, Ms. Waters, Mr. Greenwood, Mr. Hoyer, Mr. McHugh, Mr. Israel, Mr. Quinn, Mr. Smith of Washington, Mr. Clay, Mr. Weiner, Mr. Grijalva, Mr. Davis of Alabama, Mr. Lynch, Mrs. Jones of Ohio, Mr. Oberstar, Ms. Woolsey, Mr. Crowley, Mr. Inslee, Ms. Baldwin, Mrs. Christensen, Mr. Moran of Virginia, Mr. Wynn, Mrs. Maloney, Mr. Owens, Mr. Kleczka, Mr. Bishop of New York, Mr. Holt, Mr. Davis of Illinois, Mr. George Miller of California, Ms. Schakowsky, Mr. Evans, Mr. Acevedo-Vila, Ms. Kaptur, Mr. Ford, Ms. DeLauro, Mr. Hinchey, Mr. Honda, Mr. Gutierrez, Ms. Carson of Indiana, Mr. Holden, Mr. Case, Mr. Doyle, Mr. Wexler, Mr. Gordon, Mr. Payne, Mr. Abercrombie, Mr. McGovern, Mr. Tierney, Mr. Matsui, Mr. Conyers, Mr. Kildee, Mr. McNulty, Mr. Farr, Ms. Corrine Brown of Florida, Mr. Langevin, Mr. Hall, Mr. Olver, Ms. Kilpatrick, Mr. Nadler, Mr. Engel, Mr. Capuano, Ms. Velazquez, Mr. Blumenauer, Mr. Serrano, Mr. Towns, Mr. Strickland, Ms. Lofgren, Mr. Pallone, Mr. Moore, Mr. Rangel, Mr. Delahunt, Mr. Cummings, Mr. Cooper, Mr. Hinojosa, Mr. Kind, Ms. Millender-McDonald, Mr. Boucher, Mrs. Davis of California, Mr. McDermott, Mr. Menendez, Mr. Doggett, Ms. Jackson-Lee of Texas, Mr. Rush, Ms. Watson, Mr. Larsen of Washington, Ms. Slaughter, Mr. DeFazio, Mr. Snyder, Mr. Jefferson, Mr. Lewis of Georgia, Mr. Fattah, Mr. Frost, Mr. Brown of Ohio, Mrs. McCarthy of New York, Mr. Spratt, Mr. Baca, Mr. Becerra, Mr. Meeks of New York, Ms. McCarthy of Missouri, Mr. Reyes, Mr. Allen, Mr. Schiff, Mr. Rodriguez, Mr. Emanuel, Ms. Harman, Mr. Larson of Connecticut, Ms. Linda T. Sanchez of California, Mr. Dingell, Ms. Norton, Mr. Lantos, Mr. Michaud, Ms. Eshoo, Mrs. Lowey, Ms. Solis, Ms. DeGette, Mr. Kucinich, Mr. Pascrell, Mr. Udall of New Mexico, Ms. McCollum, Mr. Brady of Pennsylvania, Mr. Bell, Mr. Andrews, Mr. Kennedy of Rhode Island, Mr. Hoeffel, Mr. Ballance, Mr. Price of North Carolina, Mr. Lampson, Mr. Waxman, Mr. Filner, Mrs. Capps, Mr. Ortiz, Mr. Stark, Mr. Costello, Mr. Watt, Mr. Thompson of California, Mr. Meek of Florida, Ms. Bordallo, Ms. Eddie Bernice Johnson of Texas, Mr. Thompson of Mississippi, Mr. Jackson of Illinois, Mr. Clyburn, Mr. Green of Texas, Mr. Meehan, Mr. Ryan of Ohio, Mr. Van Hollen, Ms. Roybal-Allard, Mr. Faleomavaega, Mr. Hill, Mr. McIntyre, Mr. Davis of Tennessee, Mr. Rahall, Mr. Ross, Mr. Miller of North Carolina, Mr. Boswell, Mr. Udall of Colorado, Mr. Dicks, Mr. Bishop of Georgia, Mr. Rothman, and Mr. Berman) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To establish the National Affordable Housing Trust Fund in the Treasury of the United States to provide for the development, rehabilitation, and preservation of decent, safe, and affordable housing for low-income families. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``National Affordable Housing Trust Fund Act of 2003''. SEC. 2. NATIONAL AFFORDABLE HOUSING TRUST FUND. (a) In General.--Title II of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12721 et seq.) is amended by adding at the end the following new subtitle: ``Subtitle G--National Affordable Housing Trust Fund ``SEC. 291. PURPOSES. ``The purposes of this subtitle are-- ``(1) to fill the growing gap in the national ability to build affordable housing by using profits generated by Federal housing programs to fund additional housing activities, without supplanting existing housing appropriations; ``(2) to enable rental housing to be built, for families with the greatest economic need, in mixed-income settings and in areas with the greatest economic opportunities; ``(3) to promote homeownership for low-income families; and ``(4) to produce, rehabilitate, and preserve at least 1,500,000 affordable dwelling units over the next decade. ``SEC. 292. TRUST FUND. ``(a) Establishment.--There is established in the Treasury of the United States a trust fund to be known as the National Affordable Housing Trust Fund, which shall be available as provided in this subtitle for assisting the development, rehabilitation, and preservation of affordable housing. ``(b) Deposits to Trust Fund.--For fiscal year 2004 and each fiscal year thereafter, there shall be appropriated to the Trust Fund an amount equal to the sum of-- ``(1) the amount by which the balance in the Mutual Mortgage Insurance Fund established under section 202(a) of the National Housing Act (12 U.S.C. 1708(a)), at the conclusion of the preceding fiscal year, exceeds the amount necessary for such Fund to maintain the capital ratio required under section 205(f) of such Act (12 U.S.C. 1711(f)); and ``(2) the amount by which any amounts collected or received by the Government National Mortgage Association during the preceding fiscal year exceeds the amount necessary to pay the administrative costs and expenses necessary to ensure the safety and soundness of the Government National Mortgage Association, as determined by the Secretary. ``(c) Expenditures From Trust Fund.--For fiscal year 2004 and each fiscal year thereafter, amounts appropriated to the Trust Fund for each such fiscal year shall be available to the Secretary of Housing and Urban Development for providing assistance under this subtitle. ``SEC. 293. ALLOCATIONS FOR STATES AND PARTICIPATING LOCAL JURISDICTIONS. ``(a) In General.--The Secretary shall use the total amount made available under section 292(c) to the Secretary from the Trust Fund for such fiscal year to provide assistance under this subtitle for the States and participating local jurisdictions. Of such total amount, the Secretary shall allocate 40 percent for States for use under section 294 and 60 percent for participating local jurisdictions for use under section 294. ``(b) Consortia as Participating Jurisdictions.--A consortium of geographically contiguous units of general local government shall be deemed to be a participating local jurisdiction for the purposes of this section if the Secretary determines that the consortium has sufficient authority and administrative capability to carry out the purposes of this subtitle on behalf of its member jurisdictions. ``SEC. 294. ASSISTANCE FROM TRUST FUND. ``(a) Affordable Housing Needs Formula.--The Secretary shall establish a formula to allocate assistance under this subtitle among eligible recipients based on the relative need of the eligible recipient, among other eligible recipients that are States or participating local jurisdictions, as appropriate, to increase the supply of decent quality affordable housing. The formula shall be based upon a comparison of the following factors for each eligible recipient: ``(1) The percentage of families in the jurisdiction of the eligible recipient that live in substandard housing. ``(2) The percentage of families in the jurisdiction of the eligible recipient that pay more than 50 percent of their annual income for housing costs. ``(3) The percentage of persons in the jurisdiction of the eligible recipient having an income at or below the poverty line. ``(4) The cost of developing or carrying out rehabilitation of housing in the jurisdiction of the eligible recipient. ``(5) The percentage of the population of the eligible recipient that resides in counties having extremely low vacancy rates. ``(6) The percentage of housing stock in the jurisdiction of the eligible recipient that is extremely old housing. ``(7) Any other factors that the Secretary determines to be appropriate. ``(b) Formula Amount.-- ``(1) In general.--For fiscal year 2004 and each fiscal year thereafter, the Secretary shall determine the formula amount under this subsection for each eligible recipient. ``(2) States.--The formula amount for each State shall be the amount determined for such State by applying the formula under subsection (a) to the total amount allocated under section 293(a) for all States for the fiscal year. ``(3) Participating local jurisdictions.--The formula amount for each participating local jurisdiction shall be the amount determined for such participating local jurisdiction by applying the formula under subsection (a) to the total amount allocated under section 293(a) for all participating local jurisdictions for the fiscal year. ``(c) Allocation Amount.--The allocation under this subsection for a State or local participating jurisdiction for a fiscal year shall be determined as follows: ``(1) States.--In the case of a State: ``(A) Minimum amount.--If the formula amount determined under subsection (b) for the State for the fiscal year is less than 1 percent of the total amount made available under section 292(c) for such fiscal year, the allocation for the State shall be 1 percent of such amount. ``(B) Formula amount.--If the formula amount determined under subsection (b) for the State for the fiscal year is 1 percent or more of the total amount made available under section 292(c) for such fiscal year, the allocation for the State shall be the formula amount for the State, except that the Secretary shall reduce such formula amounts for all States whose allocations are determined under this paragraph on a pro rata basis by the amount necessary to account for any increases from the formula amount for allocations made under paragraph (1) of this subsection so that the total of the allocations for all States is equal to the amount of the allocation under section 293(a) for States. ``(2) Participating local jurisdictions.--The allocation for each eligible participating local jurisdiction shall be the formula amount for the eligible jurisdiction determined under subsection (b). ``(d) Grant Awards.--For fiscal year 2004 and each fiscal year thereafter, using the amounts made available to the Secretary from the Trust Fund for such fiscal year under section 292(c), the Secretary shall make a grant to each eligible recipient in the lesser of the following amounts: ``(1) Full allocation.--The amount of the allocation under subsection (c) for the eligible recipient. ``(2) 4 times matching contribution.--Except as provided in subsection (e)(4), the amount that is equal to 4 times the amount of funds provided by the eligible recipient from non- Federal sources for use only as provided in subsection (e)(2). ``(e) Matching Contribution.-- ``(1) Eligible amounts.--For purposes of subsection (d)(2), only the following amounts shall be considered amounts from non-Federal sources: ``(A) Low-income housing tax credits.--50 percent of funds allocable to tax credits allocated under section 42 of the Internal Revenue Code of 1986. ``(B) Mortgage bond revenue.--50 percent of revenue from mortgage revenue bonds issued under section 143 of such Code. ``(C) Tax exempt bonds proceeds.--50 percent of proceeds from the sale of tax exempt bonds. ``(D) CDBG program amounts.--50 percent of grant amounts received under the community development block grant program under title I of the Housing and Community Development Act of 1974 (42 U.S.C. 5301 et seq.). ``(E) HOME program amounts.--50 percent of funds received under the HOME investment partnerships program under subtitles A through F of this title. ``(F) Project-based voucher assistance.--50 percent of funds used each year pursuant to paragraph (13) of section 8(o) of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)(13)) for the duration of the applicable housing assistance payments contract. ``(G) Temporary assistance for needy families.-- Federal, State, and local funds provided under part A of title IV of the Social Security Act (42 U.S.C. 601 et seq.). ``(H) Rural housing assistance.--50 percent of amounts received under title V of the Housing Act of 1949 (42 U.S.C. 1471 et seq.). ``(I) General state revenue.--Any other State or unit of general local government revenue that is not derived from Federal sources, including any State tax revenue. ``(2) Use of matching amounts.--Use of amounts as provided in this paragraph shall be used only for-- ``(A) eligible activities relating to affordable housing; or ``(B) eligible activities relating to a project not less than 50 percent of the dwelling units of which qualify as affordable housing. ``(3) Certification.--The Secretary shall require eligible recipients to certify to the Secretary the amount of funds from non-Federal sources provided for purposes of subsection (d)(2). ``(4) Reduction of contribution requirement.-- ``(A) 50 percent reduction for recipients in fiscal distress.--If an eligible recipient certifies to the Secretary that it is in fiscal distress, the eligible recipient shall be treated, for purposes of subsection (d)(2), as having provided from non-Federal sources for use only as provided in subsection (e)(2) an amount equal to twice the amount of such funds that the recipient certifies to the Secretary pursuant to paragraph (3) of this subsection. ``(B) Inapplicability of matching requirement for recipients in severe fiscal distress.--If an eligible recipient certifies to the Secretary that it is in severe fiscal distress, subsection (d)(2) shall not apply to such eligible recipient. ``(g) Grants for Ineligible Recipients and Recipients With Insufficient Matching Contributions.-- ``(1) Available amounts.--For a fiscal year, the following amounts shall be available for grants under this subsection: ``(A) Allocation for ineligible recipient.--With respect to each ineligible recipient, the amount of the allocation for the State or participating local jurisdiction for such fiscal year determined under subsection (c). ``(B) Unmatched portion of allocation.--With respect to any eligible recipient for which the amount
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