New construction of affordable housing becomes an eligible activity, capped at 20 percent
What the document says“and which shall not exceed 20 percent of the amounts allocated to the recipient.''.”
The section adds a new paragraph (28) to section 105(a) of the Housing and Community Development Act of 1974, making the new construction of affordable housing an eligible activity, using the meaning of that term in section 215 of the Cranston-Gonzalez National Affordable Housing Act, and capping it at 20 percent of the amounts allocated to the recipient.
What the document actually says“and which shall not exceed 20 percent of the amounts allocated to the recipient.''.”
There is a cap on this use of the money. No more than a fifth of what a place gets may go to it.
Section 105(a) names what block grant money may pay for. If a use is not on that list, the money cannot go to it. Before this, building new homes was not on the list.
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