HOME INVESTMENT PARTNERSHIPS REAUTHORIZATION AND REFORM ACT.

SEC. 501. HOME INVESTMENT PARTNERSHIPS REAUTHORIZATION AND REFORM ACT. (a) Authorization.—Section 205 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12724) is amended to read as follows: “SEC. 205. AUTHORIZATION OF PROGRAM “The HOME Investment Partnerships Program under subtitle A is hereby authorized.” . (b) Definition of Community Housing Development Organization.—Section 104(6)(B) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12704(6)(B)) is amended by striking “significant”. (c) Assistance for Low-income Families.—Title II of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12721 et seq.) is amended— (1) [42 U.S.C. 12744] in section 214(2) (42 U.S.C. 12742(2)), by striking “households that qualify as low-income families” and inserting “families with a household income that does not exceed 100 percent of the median family income of the area, as determined by the Secretary”; and (2) in section 271(c) (42 U.S.C. 12821(c))— (A) in paragraph (1)(B), by striking “low-income” and inserting “families with a household income that does not exceed 100 percent of the median family income of the area as determined by the Secretary with adjustments for smaller and larger families”; and (B) in paragraph (2)(A), by striking “low-income families” and inserting “families with a household income that does not exceed 100 percent of the median family income of the area as determined by the Secretary with adjustments for smaller and larger families”. (d) Choices Made by Participating Jurisdictions.—Section 212(a)(2) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12742(a)(2)) is amended to read as follows: “(2) Limitation.—The Secretary may not restrict the choice by a participating jurisdiction of rehabilitation, substantial rehabilitation, new construction, reconstruction, acquisition, or other eligible housing uses authorized in paragraph (1) unless the restriction is explicitly authorized under section 223(2).” . (e) Use of Amounts by Certain Jurisdictions for Infrastructure Improvements.— (1) In general.—Section 212(a) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12742(a)) is amended by inserting after paragraph (3) the following: “(4) Infrastructure improvements in nonentitlement areas.— “(A) In general.—A participating jurisdiction may use funds provided under this subtitle for infrastructure improvements, including the installation or repair of water and sewer lines, sidewalks, roads, and utility connections if— “(i) such participating jurisdiction does not receive assistance under title I of the Housing and Community Development Act of 1974 (42 U.S.C. 5310); and “(ii) such improvements are directly related to, and located within or immediately adjacent to— “(I) housing assisted under this subtitle; or “(II) housing assisted under section 42 of the Internal Revenue Code of 1986. “(B) Application of labor standards.—The labor standards and requirements set forth in section 110 of the Housing and Community Development Act of 1974 (42 U.S.C. 5310) shall apply to any infrastructure improvement conducted using funds provided under this subtitle. “(C) Rule of construction.—Nothing in this paragraph may be construed to impose any requirements of the HOME Investment Partnerships program on housing that benefits from an infrastructure improvement conducted using funds provided under this subtitle but was not otherwise assisted under the HOME Investment Partnerships program.” . (2) [42 U.S.C. 12742 note] Rulemaking.—Not later than 1 year after the date of enactment of this Act, the Secretary of Housing and Urban Development shall issue rules to carry out the amendment made by paragraph (1). (f) Per Unit Investment Limitations.—Section 212(e)(1) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12742(e)(1)) is amended by striking the second sentence. (g) Affordable Rental Housing Qualifications.—Section 215(a) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12745(a)) is amended by adding at the end the following: “(7) Qualification exception.—Notwithstanding paragraph (1)(A), a rental unit shall be considered to qualify as affordable housing under this title if— “(A) the unit is occupied by a tenant receiving tenant-based rental assistance under section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f); “(B) the contribution of the tenant toward rent does not exceed the amount permitted under the assistance described in subparagraph (A); and “(C) the total rent for the unit does not exceed the amount approved by the public housing agency administering the assistance described in subparagraph (A).” . (h) Affordable Home-ownership Housing Qualifications.—Section 215 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12745) is amended— (1) in subsection (b)— (A) in paragraph (2), by redesignating subparagraphs (A), (B), and (C) as clauses (i), (ii), and (iii), respectively, and adjusting the margins accordingly; (B) in paragraph (3)— (i) in subparagraph (A), by redesignating clauses (i) and (ii) as subclauses (I) and (II), respectively, and adjusting the margins accordingly; and (ii) by redesignating subparagraphs (A) and (B) as clauses (i) and (ii), respectively, and adjusting the margins accordingly; (C) by redesignating paragraphs (1) through (4) as subparagraphs (A) through (D), respectively, and adjusting the margins accordingly; (D) by striking “Housing that is for home-ownership” and inserting the following: “(1) Qualification.—Housing that is for home-ownership” ; (E) in paragraph (1), as so designated— (i) in subparagraph (A), as so redesignated— (I) by striking “95 percent” and inserting “110 percent”; and (II) by inserting “(defined as the amount borrowed by the homebuyer to purchase the home, or the estimated value after rehabilitation, which may be adjusted to account for the limits on future value imposed by the resale restriction)” after “purchase price”; (ii) in subparagraph (B), as so redesignated, in the matter preceding clause (i), by striking “whose family qualifies as a low-income family” and inserting “with a family income that does not exceed 100 percent of the median family income of the area as determined by the Secretary with adjustments for smaller and larger families”; (iii) in subparagraph (C), as so redesignated— (I) in clause (i)(II)— (aa) by striking “low-income home-buyers” and inserting “home-buyers with a household income that does not exceed 100 percent of the median family income of the area, as determined by the Secretary with adjustments for smaller and larger families”; and (bb) by striking “or” at the end; (II) in clause (ii), by striking “and” at the end and inserting “or”; and (III) by adding at the end the following: “(iii) maintain long-term affordability through a shared equity ownership model, a community land trust, a limited equity cooperative, a community development corporation, or other mechanism approved by the Secretary, that preserves affordability for future eligible home-buyers and ensures compliance with the purposes of this title, including through the use of purchase options, rights of first refusal, or other preemptive rights to purchase housing;” ; (iv) in subparagraph (D), as so redesignated, by striking the period at the end and inserting “; and”; and (v) by adding at the end the following: “(E) is subject to restrictions that are established by the participating jurisdiction and determined by the Secretary to be appropriate, including with respect to the useful life of the property, to— “(i) require that any subsequent purchase of the property be— “(I) only by a person who meets the qualifications specified under subparagraph (B); and “(II) at a price that is determined by a formula or method established by the participating jurisdiction that provides the owner with a reasonable return on investment, which may include a percentage of the cost of any improvements; or “(ii) recapture the investment provided under this title in order to assist other persons in accordance with the requirements of this title, except where there are no net proceeds or where the net proceeds are insufficient to repay the full amount of the assistance.” ; and (F) by adding at the end the following: “(2) Purchase by community land trust or cooperative housing corporation.—Notwithstanding subparagraph (C)(i) of paragraph (1) and under terms determined by the Secretary, the Secretary may permit a participating jurisdiction to allow a community land trust, housing cooperative, or a community development corporation that used assistance provided under this subtitle for the development of housing that meets the criteria under paragraph (1), to acquire the housing— “(A) in accordance with the terms of the preemptive purchase option, lease, covenant on the land, or other similar legal instrument of the community land trust or housing cooperative when the terms and rights in the preemptive purchase option, lease, covenant, or legal instrument are and remain subject to the requirements of this title; “(B) when the purchase is for— “(i) the purpose of— “(I) entering into the chain of title; “(II) enabling a purchase by a person who meets the qualifications specified under paragraph (1)(B) and is on a waitlist maintained by the community land trust or housing cooperative, subject to enforcement by the participating jurisdiction of all applicable requirements of this title, as determined by the Secretary; “(III) performing necessary rehabilitation and improvements; or “(IV) adding a subsidy to preserve affordability, which may be from Federal or non-Federal sources; or “(ii) another purpose determined appropriate by the Secretary; and “(C) if, within a reasonable period of time after the applicable purpose under subparagraph (B) of this paragraph is fulfilled, as determined by the Secretary, the housing is then sold to a person who meets the qualifications specified under paragraph (1)(B).” ; and (2) by adding at the end the following: “(c) Qualification Exceptions for Home-ownership.— “(1) Military members.—A participating jurisdiction, in accordance with terms established by the Secretary, may suspend or waive the income qualifications described in subsection (b)(1)(B) with respect to housing that otherwise meets the criteria described in subsection (b)(1) if the owner of the housing— “(A) is a member of a regular component of the armed forces or a member of the National Guard on full-time National Guard duty, active Guard and Reserve duty, or inactive-duty training (as those terms are defined in section 101 of title 10, United States Code); and “(B) has received— “(i) temporary duty orders to deploy with a military unit or military orders to deploy as an individual acting in support of a military operation, to a location that is not within a reasonable distance from the housing, as determined by the Secretary, for a period of not less than 90 days; or “(ii) orders for a permanent change of station. “(2) Heirs and beneficiaries of deceased owners.—Housing that meets the criteria described in subsection (b)(1)(C) prior to the death of an owner of such housing shall continue to qualify as affordable housing under this title if— “(A) the housing is the principal residence of an heir or beneficiary of the deceased owner, as defined by the Secretary; and “(B) the heir or beneficiary, in accordance with terms established by the Secretary, assumes the duties and obligations of the deceased owner with respect to funds provided under this title.” . (i) Elimination of Expiration of Right to Draw Home Investment Trust Funds.—Section 218 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12748) is amended— (1) by striking subsection (g); and (2) by redesignating subsection (h) as subsection (g). (j) Adjusted Recapture and Reuse of Set-aside for Community Housing Developmental Organizations.—Section 231(b) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12771(b)) is amended to read as follows: “(b) Recapture and Reuse.—If any funds reserved under subsection (a) remain uninvested for a period of 24 months, the Secretary shall make such funds available to the participating jurisdiction for any eligible activities under this title without regard to whether a community housing development organization materially participates in the use of such funds.” . (k) Asset Recycling Information Dissemination Expansion.—Section 245(b)(2) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12785(b)(2)) is amended by striking “95 percent” and inserting “110 percent”. (l) Environmental Review Requirements.— (1) In general.—Section 288 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12838) is amended by adding at the end the following: “(e) Categorical Exemptions.—The following categories of activities carried out under this title shall be statutorily exempt from environmental review under the National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.), and shall not require further review under such Act: “(1) New construction infill housing projects. “(2) Acquisition of real property for affordable housing purposes. “(3) Rehabilitation projects carried out pursuant to section 212(a)(1). “(4) New construction projects of 15 units or less. “(f) Removing Duplicative Reviews.— “(1) In general.—To the extent practicable and permitted by law, the Secretary shall ensure that a project that has undergone an environmental review under this section shall not be subject to a duplicative environmental review solely due to the addition, substitution, or reallocation of other sources of Federal assistance, if the scope, scale, and location of the project remain substantially unchanged. “(2) Coordination of environmental review responsibilities.—The Secretary shall, by regulation, provide for coordination of environmental review responsibilities with other Federal agencies to streamline interagency compliance and avoid unnecessary duplication of effort under the National Environmental Policy Act of 1969 (42 U.S.C. 4321 et seq.) and other applicable laws. “(3) Recognition of prior reviews by responsible entities.—A project may not be subject to an environmental review under this section if a substantially similar review has already been completed by an entity designated under section 104(g)(1) of the Housing and Community Development Act of 1974 (42 U.S.C. 5304(g)(1)) or by another entity the Secretary determines to have equivalent authority, if the scope, scale, and location of the project remain substantially unchanged.” . (2) [42 U.S.C. 12838 note] Rulemaking.—Not later than 1 year after the date of the enactment of this Act, the Secretary shall issue such rules as the Secretary determines necessary to carry out the amendment made by this subsection. (3) [42 U.S.C. 12838 note] Applicability.—Any activity generated under this subsection would be subject to an authorization of appropriations. (4) Definition.—Section 104 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12704) is amended by striking paragraph (25) and inserting the following: “(25) The term ‘infill housing project’ means a residential housing project that— “(A) is located within the geographic limits of a municipality; “(B) is adequately served by existing utilities and public services as required under applicable law; “(C) is located on a site of previously disturbed land of not more than 5 acres; and “(D) is substantially surrounded by residential or commercial development, as determined by the Secretary.” . (m) [42 U.S.C. 12721 note] Application of Build America, Buy America Requirements for Home Investment Partnerships Program.— (1) In general.—Not later than 180 days after the date of enactment of this Act, the Secretary of Housing and Urban Development (in this subsection referred to as the “Secretary”) shall complete a review of the implementation of the Build America, Buy America Act (title IV of division G of Public Law 117-58; 42 U.S.C. 8301 note) with respect to the activities assisted under title II of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12721 et seq.). (2) Updated guidance.—Not later than 90 days after the review described in subsection (a) is completed, the Secretary shall issue updated guidance to clarify the application of the Build America, Buy America Act (title IV of division G of Public Law 117-58; 42 U.S.C. 8301 note) with respect to the activities assisted under title II of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12721 et seq.). (3) Report.—Not later than 270 days after the date of enactment of this Act, the Secretary shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report that describes— (A) the results of the review required under subsection (a); and (B) the guidance issued as described in subsection (b). (n) Application of Other Specified Statutory Requirements.—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: “SEC. 291. [42 U.S.C. 12841] NONAPPLICABILITY OF CERTAIN REQUIREMENTS FOR SMALL PROJECTS “Notwithstanding any other provision of law, the requirements of section 3 of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701u), and any implementing regulations or guidance, shall not apply to an activity assisted under this title that involves rehabilitation, construction, or other development of housing if— “(1) the recipient of assistance under this title is— “(A) a State recipient pursuant to section 216; or “(B) a participating jurisdiction that received a total allocation of less than $3,000,000 in the most recent fiscal year pursuant to section 216; and “(2) the total number of dwelling units assisted as a part of such activity is not more than 50.” . (o) Reallocation Not Available for Certain Jurisdictions.—Section 217(d) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12747(d)) is amended— (1) in paragraph (1), by striking the second sentence and inserting the following: “Subject to paragraph (4), jurisdictions eligible for such reallocations shall include participating jurisdictions and jurisdictions meeting the requirements of this title, including the requirements in paragraphs (3), (4), and (5) of section 216.”; and (2) by adding at the end the following: “(4) Reallocation not available for certain jurisdictions.—The Secretary may decline to make a reallocation available to a jurisdiction eligible for such reallocation if such jurisdiction has failed to meet or comply with any requirement under this title.” . (p) Amendments to Qualification as Affordable Housing.—Section 215(a)(1)(E) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12745(a)) is amended by striking “except upon a foreclosure by a lender (or upon other transfer in lieu of foreclosure) if such action (i) recognizes any contractual or legal rights of public agencies, nonprofit sponsors, or others to take actions that would avoid termination of low-income affordability in the case of foreclosure or transfer in lieu of foreclosure, and (ii) is not for the purpose of avoiding low-income affordability restrictions, as determined by the Secretary; and” and inserting the following:“except— “(i) upon a foreclosure by a lender (or upon other transfer in lieu of foreclosure) if such action— “(I) recognizes any contractual or legal rights of public agencies, nonprofit sponsors, or others to take actions that would avoid termination of low-income affordability in the case of foreclosure or transfer in lieu of foreclosure; and “(II) is not for the purpose of avoiding low-income affordability restrictions, as determined by the Secretary; or “(ii) where existing affordable housing is no longer financially viable due to unforeseen acts or occurrences beyond the reasonable contemplation or control of the participating jurisdiction in which the affordable housing is located or the owner of the affordable housing that significantly impact the financial or physical condition of the affordable housing, as determined by the Secretary; and” . (q) Tenant and Participant Protections for Affordable Housing.—Section 225 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12755) is amended by adding at the end the following: “(e) Exception.—Paragraphs (2), (3), and (4) of subsection (d) shall not apply to housing under this section that meets the following criteria: “(1) The housing is affordable housing with not more than 4 dwelling units, each of which is made available for rental. “(2) Each dwelling unit in the housing bears rent in an amount that complies with the requirements described in paragraph (1)(A). “(3) Each dwelling unit in the housing is accompanied by a low-income family. “(4) No dwelling in the housing is refused for leasing to a holder of a voucher under section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) because of the status of the prospective tenant as a holder of that voucher. “(5) The housing complies with the requirement described in paragraph (1)(E). “(6) The participating jurisdiction in which the housing is located monitors the compliance of the housing with the requirements of this title in a manner consistent with the purposes of section 226(b), as determined by the Secretary.” . (r) Revision of Definition of Community Land Trust.—Section 104 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12704), as amended by subsection (l)(4), is amended by adding at the end the following: “(26) The term ‘community land trust’ means a nonprofit entity, a State, a unit of local government, or an instrumentality of a State or unit of local government that— “(A) is not managed by, or an affiliate of, a for profit organization; “(B) has as a primary purpose of acquiring, developing, or holding land to provide housing that is permanently affordable to low- and moderate-income persons; “(C) monitors properties to ensure affordability is preserved; “(D) provides housing that is permanently affordable to low- and moderate-income persons using a ground lease, deed covenant, or other similar legally enforceable measure, determined acceptable by the Secretary, that— “(i) keeps housing affordable to low- and moderate-income persons for not less than 30 years; and “(ii) enables low- and moderate-income persons to rent or purchase the housing for home-ownership; and “(E) maintains preemptive purchase options to purchase the property if such purchase would allow the housing to remain affordable to low-and moderate-income persons.” . (s) Set-aside for Community Housing Development Organizations.—Section 231(a) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12771(a)) is amended, in the first sentence, by striking “to be developed, sponsored, or owned by community housing development organizations” and inserting “when a community housing development organization materially participates in the ownership or development of that housing, as determined by the Secretary”. (t) Administrative Reforms.— (1) Increase in program administration resources.—Section 220(b) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12750(b)) is amended— (A) by striking paragraph (2); (B) by striking “Recognition.—” and all that follows through “A contribution” and inserting “Recognition.—A contribution”; and (C) by redesignating subparagraphs (A) and (B) as paragraphs (1) and (2), respectively, and adjusting the margins accordingly. (2) Modification of jurisdictions eligible for reallocations.—Section 217(d)(3) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12747(d)(3)) is amended— (A) in the paragraph heading, by striking “Limitation” and inserting “Limitations”; and (B) by striking “Unless otherwise specified” and inserting the following: “(A) Removal of participating jurisdictions from reallocation.—The Secretary may, upon a finding that the participating jurisdiction has failed to meet or comply with the requirements of this title, remove a participating jurisdiction from participation in reallocations of funds made available under this title. “(B) Reallocation to same type of entity.—Unless otherwise specified” . (3) Home property inspections.—Section 226(b) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12756(b)) is amended— (A) by striking “Each participating jurisdiction” and inserting the following: “(1) In general.—Each participating jurisdiction” ; and (B) by striking “Such review shall include” and all that follows and inserting the following: “(2) Onsite inspections.— “(A) Inspections by units of general local government.—A review conducted under paragraph (1) by a participating jurisdiction that is a unit of general local government shall include an onsite inspection to determine compliance with housing codes and other applicable regulations. “(B) Inspections by states.—A review conducted under paragraph (1) by a participating jurisdiction that is a State shall include an onsite inspection to determine compliance with a national standard as determined by the Secretary. “(3) Inclusion in performance report and publication.—A participating jurisdiction shall include in the performance report of the participating jurisdiction submitted to the Secretary under section 108(a), and make available to the public, the results of each review conducted under paragraph (1).” . (4) Revisions to strengthen enforcement and penalties for noncompliance.—Section 223 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12753) is amended— (A) in the section heading, by striking “penalties for misuse of funds” and inserting “program enforcement and penalties for noncompliance”; (B) in the matter preceding paragraph (1), by inserting after “any provision of this subtitle” the following: “, including any provision applicable throughout the period required by section 215(a)(1)(E) and applicable regulations,”; (C) in paragraph (2), by striking “or” at the end; (D) in paragraph (3), by striking the period at the end and inserting “; or”; and (E) by adding at the end the following: “(4) reduce payments to the participating jurisdiction under this subtitle by an amount equal to the amount of such payments that were not expended by the participating jurisdiction in accordance with this title.” . (u) Minimum Allocations.—Section 217(b) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12747 (b)) is amended— (1) in paragraph (2), by striking “$500,000” each place that term appears and inserting “$750,000”; (2) in paragraph (3)— (A) by striking “jurisdictions that are allocated an amount of $500,000 or more” and inserting “jurisdictions that are allocated an amount of $750,000 or more”; (B) by striking “that are allocated an amount less than $500,000” and inserting “that are allocated an amount less than $500,000 before the date of enactment of the 21st Century ROAD to Housing Act or less than $750,000 on or after the date of enactment of the 21st Century ROAD to Housing Act”; and (C) by striking “, except as provided in paragraph (4)”; and (3) by striking paragraph (4). (v) Technical and Conforming Amendments.—The Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12701 et seq.) is amended— (1) [42 U.S.C. 12705] by striking “Stewart B. McKinney Homeless Assistance Act” each place that term appears and inserting “McKinney-Vento Homeless Assistance Act”; (2) [42 U.S.C. 12710] by striking “Committee on Banking, Finance and Urban Affairs” each place that term appears and inserting “Committee on Financial Services”; (3) in the table of contents in section 1(b) (Public Law 101-625; 104 Stat. 4079)— (A) by striking the item relating to section 205 and inserting the following: “Sec. 205. Authorization of program.” ; (B) by striking the item relating to section 223 and inserting the following: “Sec. 223. Program enforcement and penalties for noncompliance.” ; and (C) by inserting after the item relating to section 290 the following: “Sec. 291. Nonapplicability of certain requirements for small projects.” ; (4) in section 104 (42 U.S.C. 12704)— (A) by redesignating paragraph (23) (relating to the definition of the term “to demonstrate to the Secretary”) as paragraph (22); and (B) by redesignating paragraph (24) (relating to the definition of the term “insular area”, as added by section 2(2) of Public Law 102-230) as paragraph (23); (5) in section 105(b)(8) (42 U.S.C. 12705(b)(8)), by striking “subparagraphs” and inserting “paragraphs”; (6) in section 108(a)(1) (42 U.S.C. 12708(a)(1)), by striking “section 105(b)(15)” and inserting “section 105(b)(18)”; (7) in section 212 (42 U.S.C. 12742)— (A) in subsection (a)(3)(A)(ii), by inserting “United States” before “Housing Act”; (B) in subsection (d)(5), by inserting “United States” before “Housing Act”; and (C) in subsection (e)(1)— (i) by striking “section 221(d)(3)(ii)” and inserting “section 221(d)(4)”; and (ii) by striking “not to exceed 140 percent” and inserting “as determined by the Secretary”; (8) in section 215(a)(6)(B) (42 U.S.C. 12745(a)(6)(B)), by striking “grand children” and inserting “grandchildren”; (9) in section 217 (42 U.S.C. 12747)— (A) in subsection (a)— (i) in paragraph (1), by striking “(3)” and inserting “(2)”; (ii) by striking paragraph (3), as added by section 211(a)(2)(D) of the Housing and Community Development Act of 1992 (Public Law 102-550; 106 Stat. 3756); and (iii) by redesignating the remaining paragraph (3), as added by the matter under the heading “home investment partnerships program” under the heading “Housing Programs” in title II of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1993 (Public Law 102-389; 106 Stat. 1581), as paragraph (2); and (B) in subsection (b)(1)— (i) in subparagraph (A), in the first sentence— (I) by striking “in regulation” and inserting “, by regulation,”; and (II) by striking “eligible jurisdiction” and inserting “eligible jurisdictions”; and (ii) in subparagraph (F), in the first sentence— (I) in clause (i), by striking “Subcommittee on Housing and Urban Affairs” and inserting “Subcommittee on Housing, Transportation, and Community Development”; and (II) in clause (ii), by striking “Subcommittee on Housing and Community Development of the Committee on Banking, Finance and Urban Affairs” and inserting “Subcommittee on Housing and Insurance of the Committee on Financial Services”; (10) in section 220(c) (42 U.S.C. 12750(c))— (A) in paragraph (3), by striking “Secretary” and all that follows and inserting “Secretary;”; (B) in paragraph (4), by striking “under this title” and all that follows and inserting “under this title;”; and (C) by redesignating paragraphs (6), (7), and (8) as paragraphs (5), (6), and (7), respectively; (11) in section 225(d)(4)(B) (42 U.S.C. 12755(d)(4)(B)), by striking “for” the first place that term appears; and (12) in section 233 (42 U.S.C. 12773)— (A) in subsection (b)(6), by striking “to community land trusts (as such term is defined in subsection (f))” and inserting “to community land trusts (as such term is defined in section 104)”; and (B) by striking subsection (f).