Amends the Housing and Community Development Act of 1974 to allow a jurisdiction to conduct activities under the community development block grant program in areas in which a majority of the residents are not persons of low and moderate income if: (1) such areas have a higher proportion of low- and moderate-income persons than 75 percent of all areas in the jurisdiction; and (2) restricting such activities to the few or small areas in which a majority of the residents are low- and moderate-income persons would not address the needs of such persons in the jurisdiction generally.
Introduced in Senate
Read twice and referred to the Committee on Banking.
Committee on Banking requested executive comment from HUD.
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