Priority goes to distressed areas, opportunity zones, plan needs, and local reform
What the document says“``(4) has enacted ordinances to reduce regulatory barriers to conversion of vacant and abandoned buildings to housing, which shall not include any alteration of an ordinance that governs safety and habitability.”
The new section 227 requires the Secretary to give priority to an eligible entity that will use the grant in a community facing economic distress, will use it in a qualified opportunity zone as defined in section 1400Z-1(a) of the Internal Revenue Code of 1986, will build housing meeting a need named in its consolidated plan under part 91 of title 24 of the Code of Federal Regulations, or has passed local laws cutting regulatory barriers to such conversions, not counting any change to a law about safety or habitability.
What the document actually says“``(4) has enacted ordinances to reduce regulatory barriers to conversion of vacant and abandoned buildings to housing, which shall not include any alteration of an ordinance that governs safety and habitability.”
A place that has passed local laws to make these conversions easier goes to the front. Changing a rule about safety or fitness to live in does not count.
Three other things also earn priority. One is using the money where the local economy is weak. One is using it in a zone set by the tax code.
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