— HOME INVESTMENT PARTNERSHIPS
.
Section 205 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12724) is amended to read as follows:
.
(a) PARTICIPATING JURISDICTIONS.—
Section 216 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12746) is amended— (1) in paragraph (3), by striking ``A jurisdiction´´ and inserting ``Except as provided in paragraph (10), a jurisdiction´´;
(2) in paragraph (9)(B), by inserting ``, except as provided in paragraph (10)´´ after ``in any 1 year´´; and
(3) by adding at the end the following:
(b) SUPPLEMENTAL ALLOCATION.—
Section 217(b) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12747(b)) is amended— (1) in paragraph (3), by inserting ``, except as provided in paragraph (4)´´ before the period at the end of the second sentence; and
(2) by adding at the end the following:
``(4) THRESHOLD REDUCTION.— If the amount appropriated pursuant to section 205 for any fiscal year is less than $1,500,000,000, then this section shall be applied during that year by substituting ``$335,000´´ for ``$500,000´´ where it appears in paragraph (3).´´.
(c) APPLICABILITY.—
Notwithstanding any other provision of law, the grant thresholds provided for in section 216, as amended by this section, and the grant thresholds provided for in section 217(b) of the Cranston-Gonzalez National Affordable Housing Act, as amended by this section, shall apply.
.
(a) ELIGIBLE USES OF INVESTMENT.—
Section 212(a) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12742(a)) is amended— (1) in the last sentence of paragraph (2), by striking ``under paragraph (3) of this subsection or´´;
(2) by striking paragraph (3); and
(3) by redesignating paragraph (4) as paragraph (3).
(b) FORMULA ALLOCATION.—
Section 217(b)(1) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12747(b)(1)) is amended— (1) by striking subparagraph (A);
(2) in subparagraph (D), by striking ``Except as provided in subparagraph (A), the basic formula established under subparagraph (B)´´ and inserting ``The basic formula established under subparagraph (A)´´;
(3) in subparagraph (E), by striking ``formulas in subparagraph (B)´´ and inserting ``formula in subparagraph (A)´´;
(4) in subparagraph (F)—
(A) in the first sentence, by striking ``subparagraph (B)´´ and inserting ``subparagraph (A)´´; and
(B) by striking the second sentence;
(5) in subparagraph (G), by striking ``formulas in subparagraphs (A) and (B)´´ and inserting ``formula in subparagraph (A)´´; and
(6) by redesignating subparagraphs (B) through (G) (as amended by this paragraph) as subparagraphs (A) through (F), respectively.
(c) CONFORMING AMENDMENT.—
Section 218(g) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12748(g)) is amended by striking ``Except as provided in section 217(b)(1)(A)(ii), if´´ and inserting ``If´´.
.
(a) POLICIES AND PREFERENCE RULES.—
Section 212(a)(3) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12742(a)(3)), as so redesignated by section 203(a)(3) of this Act, is amended by adding at the end the following:
``(E) SECURITY DEPOSIT ASSISTANCE.— A jurisdiction using funds provided under this subtitle for tenant-based rental assistance may use such funds to provide loans or grants to very low- and low-income families for security deposits for rental of dwelling units. Assistance under this subparagraph does not preclude assistance under any other provision of this paragraph.´´.
(b) SECURITY DEPOSITS.—
Section 212(a)(3)(A) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12742(a)(4)(A)), as so redesignated by section 203(a)(3) of this Act, is amended by striking clause (ii) and inserting the following:
``(ii) the tenant-based rental assistance is provided in accordance with written tenant selection policies and criteria that are consistent with the purposes of providing housing to very low- and low-income families and are reasonably related to preference rules established under section 6(c)(4)(A) of the Housing Act of 1937.´´.
.
Section 212(a)(1) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12742(a)(1)) is amended by adding at the end the following: ``For the purpose of this subtitle, the term ``affordable housing´´ includes permanent housing for disabled homeless persons, transitional housing, and single room occupancy housing.´´.
.