Section 1 Short titles
This Act may be cited as the “Generating Resources and Opportunities Within Affordable Housing Act” or the “GROW Affordable Housing Act”.
Generating Resources and Opportunities Within Affordable Housing Act
A BILL
To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to adjust the affordable housing allocations.
Sec. 2 Affordable housing allocations
Section 1337(a) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4567(a)) is amended by striking “4.2 basis points” each place such term appears and inserting “10 basis points”.