A grantee may keep program income if it uses it under the same rules
To increase the supply of housing in America, and for other purposes, section 504, Sec. 504.
Written by .
A grantee may keep program income if it uses it under the same rules
The document says “can”Who acts: grantees under the new section 124How: statuteSec. 504 in the PDF
What the document says
“any grantee under this section may retain program income that is realized from grants made by the Secretary under this section if the grantee agrees that the grantee will utilize the program income in accordance with the requirements for grants under this section, except that the Secretary may--”
The new section 124 lets a grantee keep program income from its grants if it agrees to use that income under the same requirements, while letting the Secretary exclude amounts too small to be worth tracking and permit remaining program income to be moved to the grantee's other grants under the title at closeout.
What the document actually says
“any grantee under this section may retain program income that is realized from grants made by the Secretary under this section if the grantee agrees that the grantee will utilize the program income in accordance with the requirements for grants under this section, except that the Secretary may--”
That sentence, in plain words
A place may keep the money a grant earns back. It must agree to spend it under the same rules.
What this is about
Program income is money a grant generates, such as loan repayments. Small amounts may be left out by rule. Leftovers may move to another grant at the end.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Increase the supply of housing in America, Public Law 119-101, sec. 504, 140 Stat. 929 (2026). https://www.govinfo.gov/content/pkg/PLAW-119publ101/html/PLAW-119publ101.htm
This page
“A grantee may keep program income if it uses it under the same rules,” Increase the supply of housing in America, section 504, Sec. 504. Read the Mandate, https://readthemandate.org/pl-119-101/proposal/sec504-program-income/ (retrieved October 10, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
How to Read This Page
The quotation is the document's own words, exactly as printed, checked against the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
