ALLOCATION FORMULA.

SEC. 817. [25 U.S.C. 4236] ALLOCATION FORMULA. (a) Establishment.—The Secretary shall, by regulation issued not later than the expiration of the 6-month period beginning on the date of the enactment of the Hawaiian Homelands Homeownership Act of 2000, in the manner provided under section 807, establish a formula to provide for the allocation of amounts available for a fiscal year for block grants under this title in accordance with the requirements of this section. (b) Factors for Determination of Need.—The formula under subsection (a) shall be based on factors that reflect the needs for assistance for affordable housing activities, including— (1) the number of low-income dwelling units owned or operated at the time pursuant to a contract between the Director and the Secretary; (2) the extent of poverty and economic distress and the number of Native Hawaiian families eligible to reside on the Hawaiian Home Lands; and (3) any other objectively measurable conditions that the Secretary and the Director may specify. (c) Other Factors for Consideration.—In establishing the formula under subsection (a), the Secretary shall consider the relative administrative capacities of the Department of Hawaiian Home Lands and other challenges faced by the Department, including— (1) geographic distribution within Hawaiian Home Lands; and (2) technical capacity. (d) Effective Date.—This section shall take effect on the date of the enactment of the American Homeownership and Economic Opportunity Act of 2000.