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H.R. 1103 (ih) To provide safer schools and a better educational environment. [Introduced in House] ...


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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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