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Affordable Housing Credit Improvement Act of 2017 This bill amends the Internal Revenue Code, with respect to the low-income housing credit, to rename the credit “the affordable housing credit” and make several modifications to the credit. The bill revises tenant eligibility requirements, with respect to: the average income test, income eligibility for rural projects, increased tenant income, student occupancy rules, and tenant voucher payments that are taken into account as rent. The bill revises various requirements to: establish a 4% minimum credit rate for certain projects, permit relocation costs to be taken into account as rehabilitation expenditures, repeal the qualified census tract population cap, require housing credit agencies to make certain determinations regarding community revitalization plans, prohibit local approval and contribution requirements, increase the credit for certain projects designated to serve extremely low-income households, increase the credit for certain bond-financed projects designated by state agencies, increase the population cap for difficult development areas, and eliminate the basis reduction for a property that receives the tax credit for investments in energy property if the affordable housing credit is allowed for the property. The bill also modifies requirements regarding the reconstruction or replacement period after a casualty loss, rights related to building purchases, the prohibition on claiming acquisition credits for properties placed in service in the previous 10 years, foreclosures, and projects that assist Native Americans.
Provides additional funding for, and otherwise addresses, assistance to homeless individuals and families. The funding provided by the bill is designated as emergency spending, which is exempt from discretionary spending limits. Specifically, the bill provides additional FY2020-FY2024 funding for the Department of Housing and Urban Development (HUD) to (1) award emergency relief grants to address unmet needs of homeless populations in jurisdictions with the highest need, and (2) provide additional incremental rental voucher assistance for individuals and families who are homeless. The bill also provides FY2020-FY2024 funding for HUD to award grants to provide outreach and coordinate services for individuals and families who are homeless or formerly homeless. Further, the bill provides additional FY2020-FY2024 funding for the Housing Trust Fund (dedicated to affordable housing for extremely low-income and very low-income families) and incremental project-based voucher and rental assistance. While this additional funding is available, HUD must ensure that priority for occupancy in assisted units is given to individuals and families who are homeless. Further, units receiving such assistance may not require families to contribute more than 30% of their adjusted income towards rent. Additionally, the bill provides funding for HUD to provide technical assistance to states, local governments, and nonprofit organizations to integrate and coordinate homeless assistance with federal health care programs. Finally, the bill permanently reauthorizes certain homeless assistance grants and makes permanent the U.S. Interagency Council on Homelessness.
Cancels and prohibits removal proceedings against certain aliens and provides such aliens with a path toward permanent resident status. The Department of Homeland Security (DHS) or the Department of Justice (DOJ) shall cancel removal proceedings against certain aliens who entered the United States as minors and grant such aliens conditional permanent residence status for 10 years. The bill imposes various qualification requirements, such as the alien being continuously physically present in the United States and being enrolled in or having completed certain educational programs. DHS shall establish streamlined procedures to apply for conditional permanent residence for aliens who received Deferred Action for Childhood Arrivals (DACA) status and were not disqualified for renewal. DHS shall remove the conditional permanent resident status granted to such aliens, if the alien applies and meets certain requirements, such as completing certain programs at an educational institution or serving at least two years in the Uniformed Services and being discharged honorably. DHS or DOJ shall cancel removal proceedings against certain aliens who qualified for temporary protected status or deferred enforced departure status on certain past dates (both statuses temporarily protect covered aliens from removal). For such aliens who apply and pass the required background checks, DHS shall grant permanent residence status. DHS may not use information from applications to adjust status under this bill for immigration enforcement purposes. DHS shall establish a grant program for nonprofit organizations that assist individuals with certain immigration-related issues.
Provides an additional $60 billion in FY2021 for the Restaurant Revitalization Fund, which was established to support restaurants and other food and beverage purveyors in response to COVID-19.