To authorize the Secretary of Housing and Urban Development to prioritize the award of certain housing grants to applicants located in, or serving, low-income communities.
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Summary
The bill would authorize the Secretary of Housing and Urban Development to give additional weight to applicants for competitive housing construction, modification, rehabilitation, or preservation grants when their proposed projects are located in or substantially and directly benefit a qualified opportunity zone under Internal Revenue Code section 1400Z-1. The prioritization is discretionary, as the Secretary 'may' give such weight rather than being required to do so.
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