In general

4 rules

(A) Basic formula The Secretary shall establish in 2 2 So in original. Probably should be “by”. regulation an allocation formula that reflects each jurisdiction’s share of total need among eligible jurisdiction 3 3 So in original. Probably should be “jurisdictions”. for an increased supply of affordable housing for very low-income and low-income families of different size, as identified by objective measures of inadequate housing supply, substandard housing, the number of low-income families in housing likely to be in need of rehabilitation, the costs of producing housing, poverty, and the relative fiscal incapacity of the jurisdiction to carry out housing activities eligible under section 12742 of this title without Federal assistance. Allocation among units of general local government shall take into account the housing needs of metropolitan cities, urban counties, and approved consortia of units of general local government.

(B) Source of data The data to be used for formula allocation of funds within a fiscal year shall be data obtained from a standard source that are available to the Secretary 90 days prior to the beginning of that fiscal year.

(C) Use of basic formula The basic formula established under subparagraph (A) shall be used for all formula allocations and reallocations provided for in this part.

(D) Weights When allocation is made among States, the Secretary shall apply the formula in subparagraph (A) giving 20 percent weight to measures of need for the whole State and 80 percent weight to measures of need among units of general local government that are not receiving an allocation under section 12746(1) of this title .

(E) Adjustments In developing the basic formula in subparagraph (A), the Secretary shall (i) avoid the allocation of an excessively large share of amounts made available under this part to any one State or unit of general local government, and (ii) take into account the need for a geographic distribution of amounts made available under this part that appropriately reflects the housing need in each region of the Nation.

(F) Consultation The Secretary shall develop the formula in subparagraph (A) in ongoing consultation with (i) the Subcommittee on Housing and Urban Affairs of the Committee on Banking, Housing, and Urban Affairs of the Senate, (ii) the Subcommittee on Housing and Community Development of the Committee on Banking, Finance and Urban Affairs of the House of Representatives, and (iii) organizations representing States and units of general local government. Not less than 60 days prior to publishing a formula for comment, the Secretary shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Banking, Finance and Urban Affairs of the House of Representatives a copy of the formula the Secretary intends to propose.

In general

4 rules

Official source

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(C) Use of basic formula The basic formula established under subparagraph (A) shall be used for all formula allocations and reallocations provided for in this part.

name: whole_state_need_weight kind: parameter dtype: Rate source: 42 USC 12747(b)(1)(D) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/42/12747/b excerpt: giving 20 percent weight to measures of need for the whole State versions: - effective_from: '2024-01-01' formula: '0.20'

name: non_direct_local_government_need_weight kind: parameter dtype: Rate source: 42 USC 12747(b)(1)(D) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/42/12747/b excerpt: >- 80 percent weight to measures of need among units of general local government that are not receiving an allocation under section 12746(1) versions: - effective_from: '2024-01-01' formula: '0.80'

name: formula_allocation_data_availability_lead_days kind: parameter dtype: Count source: 42 USC 12747(b)(1)(B) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/42/12747/b excerpt: >- available to the Secretary 90 days prior to the beginning of that fiscal year versions: - effective_from: '2024-01-01' formula: '90'

name: formula_publication_submission_lead_days kind: parameter dtype: Count source: 42 USC 12747(b)(1)(F) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/42/12747/b excerpt: Not less than 60 days prior to publishing a formula for comment versions: - effective_from: '2024-01-01' formula: '60'

- name: whole_state_need_weight kind: parameter dtype: Rate source: 42 USC 12747(b)(1)(D) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/42/12747/b excerpt: giving 20 percent weight to measures of need for the whole State versions: - effective_from: '2024-01-01' formula: '0.20'

- name: non_direct_local_government_need_weight kind: parameter dtype: Rate source: 42 USC 12747(b)(1)(D) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/42/12747/b excerpt: >- 80 percent weight to measures of need among units of general local government that are not receiving an allocation under section 12746(1) versions: - effective_from: '2024-01-01' formula: '0.80'

- name: formula_allocation_data_availability_lead_days kind: parameter dtype: Count source: 42 USC 12747(b)(1)(B) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/42/12747/b excerpt: available to the Secretary 90 days prior to the beginning of that fiscal year versions: - effective_from: '2024-01-01' formula: '90'

- name: formula_publication_submission_lead_days kind: parameter dtype: Count source: 42 USC 12747(b)(1)(F) metadata: proof: atoms: - path: versions[0].formula kind: parameter source: corpus_citation_path: us/statute/42/12747/b excerpt: Not less than 60 days prior to publishing a formula for comment versions: - effective_from: '2024-01-01' formula: '60'

- name: minimum_state_allocation kind: parameter dtype: Money unit: USD period: Year source: 42 USC 12747(b)(2)(A) metadata: proof: atoms: - path: versions[0].formula kind: amount source: corpus_citation_path: us/statute/42/12747/b excerpt: >- would allocate less than $3,000,000 to any State, the allocation for such State shall be $3,000,000 versions: - effective_from: '2024-01-01' formula: '3000000'

- name: no_local_allocation_state_increase kind: parameter dtype: Money unit: USD period: Year source: 42 USC 12747(b)(2)(B) metadata: proof: atoms: - path: versions[0].formula kind: amount source: corpus_citation_path: us/statute/42/12747/b excerpt: the State's allocation shall be increased by $500,000 versions: - effective_from: '2024-01-01' formula: '500000'

- name: local_allocation_default_threshold kind: parameter dtype: Money unit: USD period: Year source: 42 USC 12747(b)(3) metadata: proof: atoms: - path: versions[0].formula kind: amount source: corpus_citation_path: us/statute/42/12747/b excerpt: jurisdictions that are allocated an amount of $500,000 or more versions: - effective_from: '2024-01-01' formula: '500000'

- name: local_allocation_reduced_threshold kind: parameter dtype: Money unit: USD period: Year source: 42 USC 12747(b)(4) metadata: proof: atoms: - path: versions[0].formula kind: amount source: corpus_citation_path: us/statute/42/12747/b excerpt: substituting "$335,000" for "$500,000" where it appears in paragraph (3) versions: - effective_from: '2024-01-01' formula: '335000'

- name: threshold_reduction_appropriation_limit kind: parameter dtype: Money unit: USD period: Year source: 42 USC 12747(b)(4) metadata: proof: atoms: - path: versions[0].formula kind: amount source: corpus_citation_path: us/statute/42/12747/b excerpt: >- If the amount appropriated pursuant to section 12724 of this title for any fiscal year is less than $1,500,000,000 versions: - effective_from: '2024-01-01' formula: '1500000000'

- name: applicable_local_allocation_threshold kind: derived entity: HomeFormulaFiscalYear dtype: Money unit: USD period: Year source: 42 USC 12747(b) metadata: proof: atoms: - path: versions[0].formula kind: formula source: corpus_citation_path: us/statute/42/12747/b excerpt: >- If the amount appropriated pursuant to section 12724 of this title for any fiscal year is less than $1,500,000,000, then this section shall be applied during that year by substituting "$335,000" for "$500,000" where it appears in paragraph (3). versions: - effective_from: '2024-01-01' formula: >- if amount_appropriated_pursuant_to_section_12724 < threshold_reduction_appropriation_limit: local_allocation_reduced_threshold else: local_allocation_default_threshold

- name: state_allocation_after_basic_minimum kind: derived entity: StateAgency dtype: Money unit: USD period: Year source: 42 USC 12747(b)(2)(A) metadata: proof: atoms: - path: versions[0].formula kind: formula source: corpus_citation_path: us/statute/42/12747/b excerpt: >- If the formula ... would allocate less than $3,000,000 to any State, the allocation for such State shall be $3,000,000 versions: - effective_from: '2024-01-01' formula: max(formula_allocated_state_amount_before_minimum, minimum_state_allocation)

- name: state_allocation_after_no_local_government_increase kind: derived entity: StateAgency dtype: Money unit: USD period: Year source: 42 USC 12747(b)(2)(B) metadata: proof: atoms: - path: versions[0].formula kind: formula source: corpus_citation_path: us/statute/42/12747/b excerpt: >- If no unit of general local government within a State receives an allocation under paragraph (3), the State's allocation shall be increased by $500,000. versions: - effective_from: '2024-01-01' formula: >- state_allocation_after_basic_minimum + (if no_unit_of_general_local_government_within_state_receives_allocation_under_paragraph_3: no_local_allocation_state_increase else: 0)