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Increase the supply of housing in AmericaSection 504 › Proposal

Funds must be split in proportion to unmet needs

To increase the supply of housing in America, and for other purposes, section 504, Sec. 504. Written by .

Funds must be split in proportion to unmet needs

The document says “shallWho acts: grantees under the new section 124How: statuteSec. 504 in the PDF
What the document says

“a grantee under this section shall allocate grant funds proportional to unmet needs between housing activities for renters and homeowners, economic revitalization, and infrastructure unless the Secretary specifically finds that--”

To increase the supply of housing in America, and for other purposes, Sec. 504

The new section 124 requires a grantee, for each disaster, to split grant funds in proportion to unmet needs among housing activities for renters and owners, economic revitalization, and infrastructure, unless the Secretary specifically finds a compelling need for a different split and that the different split does not conflict with the 70 percent benefit rule.

What the document actually says

“a grantee under this section shall allocate grant funds proportional to unmet needs between housing activities for renters and homeowners, economic revitalization, and infrastructure unless the Secretary specifically finds that--”

To increase the supply of housing in America, and for other purposes, Sec. 504
That sentence, in plain words

The place must split the money to match what is missing. That covers homes for renters and owners, jobs, and roads and pipes.

What this is about

Unmet need is what is still needed after other help. Splitting by need keeps one use from crowding out another. Only the housing agency can allow a different split.

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