Investment in communities

(a) CDFI support In addition to funds otherwise available, there is appropriated out of any money in the Treasury not otherwise appropriated, $200,000,000 for each of fiscal years 2026 through 2030 to the Community Development Financial Institutions Fund established under section 104 of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4703) to provide grants to expand lending and investment in low- or moderate-income areas, including those most affected by the War on Drugs. (b) MDI support In addition to funds otherwise available, there is appropriated out of any money in the Treasury not otherwise appropriated, $200,000,000 for each of fiscal years 2026 through 2030 to the Emergency Capital Investment Fund established under section 104A(b) of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4703a(b)) to support the efforts of low- and moderate-income community financial institutions to, among other things, provide loans, grants, and forbearance for small businesses, minority-owned businesses, and consumers, especially in low-income and underserved communities, including those most affected by the War on Drugs. (c) Grants To address housing and community development needs of individuals and communities adversely impacted by the war on drugs (1) Definitions In this subsection: (A) Eligible activity The term eligible activity — (i) means any eligible activity— (I) described in title I of the Housing and Community Development Act of 1974 (42 U.S.C. 5301 et seq.), the HOME Investment Partnerships Act (42 U.S.C. 12721 et seq.), or section 415 of the McKinney-Vento Homeless Assistance Act (42 U.S.C. 11374); and (II) that addresses the needs of individuals and census tracts in the provisions described in subclause (I); and (ii) does not include administrative expenses that exceed 15 percent of the amount of a grant made under this subsection. (B) Eligible grantee The term eligible grantee includes any State, unit of general local government, or Indian tribe eligible to receive a grant under title I of the Housing and Community Development Act of 1974 (42 U.S.C. 5301 et seq.). (C) Individual adversely impacted by the War on Drugs The term individual adversely impacted by the War on Drugs has the meaning given the term in section 301(b)(1). (D) State; unit of general local government; Indian tribe The terms State, unit of general local government, and Indian tribe have the meanings given the terms in section 102 of the Housing and Community Development Act of 1974 (42 U.S.C. 5302). (2) Grants In addition to funds otherwise available, there is appropriated out of any money in the Treasury not otherwise appropriated, $300,000,000 for each of fiscal years 2026 through 2030 to the Secretary of Housing and Urban Development for grants to eligible grantees for eligible activities to address the housing and community development needs of— (A) individuals adversely impacted by the War on Drugs; and (B) housing and community development needs of census tracts where a disproportionate share of residents are individuals described in subparagraph (A), as determined by the Secretary. (3) Award criteria In awarding grants under this subsection, the Secretary of Housing and Urban Development shall establish criteria for awards as may be necessary to demonstrate that the eligible grantee has the need, capacity, and commitment to carry out a grant under this subsection to address the needs described in paragraph (2). (4) Administration and technical assistance Of the amount appropriated under this section, not greater than 10 percent shall be available to the Secretary of Housing and Urban Development for administration, evaluation, and technical assistance activities to carry out the grant program under this subsection.