FAIR Costs Act

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8678 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                                H. R. 8678

To amend certain Acts to adjust rental payments with respect to certain 
      Federal rental assistance programs, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 11, 2024

    Mr. Bowman (for himself and Mrs. Watson Coleman) introduced the 
   following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
To amend certain Acts to adjust rental payments with respect to certain 
      Federal rental assistance programs, and for other purposes.

    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 ``Fair Adjustments for Income-based 
Rental Costs Act'' or the ``FAIR Costs Act''.

SEC. 2. ADJUSTMENTS TO RENTAL PAYMENTS WITH RESPECT TO CERTAIN FEDERAL 
              RENTAL ASSISTANCE PROGRAMS.

    (a) United States Housing Act of 1937.--The United States Housing 
Act of 1937 (42 U.S.C. 1437 et. seq.) is amended--
            (1) in section 3(a)(1)(A), by striking ``30'' and inserting 
        ``20'';
            (2) in section 8(o)(2)(A)(i), by striking ``30'' and 
        inserting ``20''; and
            (3) in section 9(e)(2)(A)--
                    (A) in clause (vi), by striking ``and'' at the end;
                    (B) by redesignating clause (vii) as clause (viii) 
                and by moving such clause 1 em to the right; and
                    (C) by inserting after clause (vi) the following:
                            ``(vii) the amount of public housing rental 
                        income forgone by the public housing agency as 
                        a result of lowering the percentage of monthly 
                        adjusted income for the calculation of rental 
                        payments; and''.
    (b) Housing Act of 1949.--Section 521(a)(3) of the Housing Act of 
1949 (42 U.S.C. 1490a(a)(3)) is amended by striking ``30'' in each 
place it occurs and inserting ``20''.
    (c) Housing Act of 1959.--Section 202(c)(3) of the Housing Act of 
1959 (12 U.S.C. 1701q(c)(3)) is amended by striking ``30'' and 
inserting ``20''.
    (d) Cranston-Gonzalez National Affordable Housing Act.--Section 
811(d)(3) of the Cranston-Gonzalez National Affordable Housing Act (42 
U.S.C. 8013(d)(3)) is amended by striking ``30'' and inserting ``20''.

SEC. 3. TECHNICAL ASSISTANCE FOR APPLICANTS FOR ADMISSION TO A PUBLIC 
              HOUSING PROJECT.

    Section 9(h)(1) of the United States Housing Act of 1937 (42 U.S.C. 
1437g(h)(1)) is amended by inserting ``applicants for admission to a 
project,'' after ``organizations,''.

SEC. 4. AUTHORIZATION OF APPROPRIATIONS WITH RESPECT TO CERTAIN FEDERAL 
              RENTAL ASSISTANCE PROGRAMS.

    (a) United States Housing Act of 1937.--The United States Housing 
Act of 1937 (42 U.S.C. 1437 et. seq.) is amended--
            (1) in section 9(c)(2)(A), by striking ``, and 2003'' and 
        inserting ``2003, 2025, and each fiscal year thereafter'';
            (2) in section 9(c)(2)(B), by striking ``, and 2003'' and 
        inserting ``2003, 2025, and each fiscal year thereafter''; and
            (3) in section 8, by adding at the end the following new 
        subsection:
    ``(ee) Authorization of Appropriations for Tenant-Based 
Assistance.--There are authorized to be appropriated, for fiscal year 
2025 and each fiscal year thereafter, such sums as may be necessary for 
tenant-based assistance under subsection (o).''.
    (b) Housing Act of 1959.--Section 202(m) of the Housing Act of 1959 
(12 U.S.C. 1701q(m)) is amended to read as follows:
    ``(m) Authorization of Appropriations.--There is authorized to be 
appropriated such sums as may be necessary to carry out this 
section.''.
    (c) Cranston-Gonzalez National Affordable Housing Act.--Subsection 
(m) of section 811 of the Cranston-Gonzalez National Affordable Housing 
Act (42 U.S.C. 8013(m)) is amended by striking the period at the end 
and inserting ``, and such sums as necessary for fiscal year 2025 and 
each fiscal year thereafter''.
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