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Increase the supply of housing in America › Section 201

Increasing Housing in Opportunity Zones

Section 201 · Sec. 201 ·

What this chapter is about

This part is about housing grants that groups compete for. The housing agency may give extra weight to plans in a certain kind of area. Those areas are called opportunity zones. That is all this part does.

2 proposals indexed from this chapter.

A covered grant is any competitive housing grant the Secretary names

The document says “means”Who acts: CongressHow: statuteSec. 201 in the PDF
What the document says

“In this section, the term ``covered grant'' means any competitive grant relating to the construction, modification, rehabilitation, or preservation of housing, as determined by the Secretary of Housing and Urban Development.”

To increase the supply of housing in America, and for other purposes, Sec. 201

The section defines a covered grant as any competitive grant relating to the construction, modification, rehabilitation, or preservation of housing, as the Secretary of Housing and Urban Development determines.

What the document actually says

“In this section, the term ``covered grant'' means any competitive grant relating to the construction, modification, rehabilitation, or preservation of housing, as determined by the Secretary of Housing and Urban Development.”

To increase the supply of housing in America, and for other purposes, Sec. 201
That sentence, in plain words

A covered grant is one that groups compete for. It has to be about building, fixing, or keeping housing. The housing agency decides which grants count.

What this is about

A competitive grant goes to the best plan, not to everyone. The word covered marks which grants a rule reaches. Here the housing agency draws the line.

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.

Applications tied to an opportunity zone may be given extra weight

The document says “can”Who acts: Secretary of Housing and Urban DevelopmentHow: statuteSec. 201 in the PDF
What the document says

“When awarding a covered grant, the Secretary of Housing and Urban Development may give additional weight to applicants with proposed activities or projects that are located in or substantially and directly benefit a community designated as a qualified opportunity zone under section 1400Z-1 of the Internal Revenue Code of 1986.”

To increase the supply of housing in America, and for other purposes, Sec. 201

The section lets the Secretary of Housing and Urban Development give extra weight, when awarding a covered grant, to applicants whose projects sit in or substantially and directly benefit a community designated a qualified opportunity zone under section 1400Z-1 of the Internal Revenue Code of 1986.

What the document actually says

“When awarding a covered grant, the Secretary of Housing and Urban Development may give additional weight to applicants with proposed activities or projects that are located in or substantially and directly benefit a community designated as a qualified opportunity zone under section 1400Z-1 of the Internal Revenue Code of 1986.”

To increase the supply of housing in America, and for other purposes, Sec. 201
That sentence, in plain words

The housing agency may give a plan extra weight. That happens when the plan sits in a zone or helps one a lot. The zone is a kind of area set by the tax code.

What this is about

Extra weight means the plan scores higher. It is not a set-aside of money. The agency may do this, but it does not have to.

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.

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What This Page Covers, and What It Leaves Out

The two things the section does: it defines a covered grant, and it lets the Secretary weight applications tied to a qualified opportunity zone.

Nothing the section does is left out.

Qualified opportunity zones are designated under section 1400Z-1 of the Internal Revenue Code of 1986, which is not indexed here, so nothing is recorded about how a zone is chosen.