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Increase the supply of housing in AmericaSection 206 › Proposal

The streamlining reaches only later money, and not projects that mix old and new

To increase the supply of housing in America, and for other purposes, section 206, Sec. 206. Written by .

The streamlining reaches only later money, and not projects that mix old and new

The document says “shall applyWho acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 206 in the PDF
What the document says

“(1) shall only apply with respect to funds appropriated after the effective date of those actions; and (2) shall not apply with respect to a grantee that combines funds appropriated before and after the effective date of those actions to carry out a project.”

To increase the supply of housing in America, and for other purposes, Sec. 206

The section provides that the agency actions carried out under the streamlining subsection apply only to funds appropriated after their effective date, and do not apply where a grantee combines funds appropriated before and after that date to carry out a project.

What the document actually says

“(1) shall only apply with respect to funds appropriated after the effective date of those actions; and (2) shall not apply with respect to a grantee that combines funds appropriated before and after the effective date of those actions to carry out a project.”

To increase the supply of housing in America, and for other purposes, Sec. 206
That sentence, in plain words

The new rules reach only money set aside later. They do not reach a body that mixes old money and new money in one project.

What this is about

Congress sets money aside each year. The older money keeps the older rules. A project that draws on both is left out.

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