Addition of affordable housing construction as an eligible activity

(a) Eligible activity Section 105(a) of the Housing and Community Development Act of 1974 (42 U.S.C. 5305(a)) is amended— (1) in paragraph (25)(D), by striking and at the end; (2) in paragraph (26), by striking the period at the end and inserting; and; and (3) by adding at the end the following: (27) the new construction of affordable housing, within the meaning given such term under section 215 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12745), and which shall not exceed 20 percent of the amounts allocated to the recipient.. (b) Low- and moderate-income requirement Section 105(c)(3) of the Housing and Community Development Act of 1974 (42 U.S.C. 5305(c)(3)) is amended by striking or rehabilitation and inserting, rehabilitation, or new construction. (c) Applicability The amendments made by this section shall apply with respect only to amounts appropriated after the date of enactment of this Act.

(a) Eligible activity Section 105(a) of the Housing and Community Development Act of 1974 (42 U.S.C. 5305(a)), as amended by section 104 of this Act, is amended— (1) in paragraph (26), by striking and at the end; (2) in paragraph (27), by striking the period at the end and inserting; and; and (3) by adding at the end the following: (28) the new construction of affordable housing, within the meaning given such term under section 215 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12745), and which shall not exceed 20 percent of the amounts allocated to the recipient.. (b) Low- and moderate-income requirement Section 105(c)(3) of the Housing and Community Development Act of 1974 (42 U.S.C. 5305(c)(3)) is amended by striking or rehabilitation and inserting, rehabilitation, or new construction. (c) Applicability The amendments made by this section shall apply with respect only to amounts appropriated after the date of enactment of this Act.