Basic Laws on Housing and Community Development

(7) develop instructional programs, convene conferences, d provide training for local community leaders, when approiate; and

(8) exchange information with other Centers. NATIONAL ADVISORY COUNCIL.

(1) ESTABLISHMENT.-The Secretary shall establish a naonal advisory council (hereafter in this section referred to as he "council") to

(A) disseminate the results of research and outreach activities carried out under this section;

(B) act as a clearinghouse between grant recipients and other institutions of higher education; and

(2) MEMBERS.-The council shall be composed of 12 memDers to be appointed by the Secretary as follows

(A) 3 representatives of State and local governments; (B) 3 representatives of institutions of higher education that receive grants under this section;

(D) 3 representatives from community advisory committees created pursuant to this section.

(3) VACANCIES.-A vacancy in the membership of the council shall be filled in the manner in which the original appointment was made.

(4) COMPENSATION.-Members of the council shall serve without pay.

(5) CHAIRMAN.-The council shall elect a member to serve as chairperson of the council.

(6) MEETINGS.—The council shall meet at least biannually and at such other times as the chairman may designate. j) NATIONAL CLEARINGHOUSE.-The Secretary shall establish a nal clearinghouse to disseminate information resulting from earch and successful outreach activities developed through ters to grant recipients and other interested institutions of ucation.

"THORIZATIONS.-The sums set aside by section 107 of the 1 Community Development Act of 1974 for the purpose n shall be available

stablish and operate the national clearinghouse to 1 under subsection (j).

ERAL.-The Secretary of Housing and Urban Deall submit an annual report to the Committee on ousing, and Urban Affairs of the Senate and the on Banking, Finance and Urban Affairs of the Representatives 1.

Public Law 104-14, 109 Stat. 186, provides, in part, that "any_reference in aw enacted before January 4, 1995, to ... the Committee on Banking, Fi

Continued

(B) The capability of the applicant to provide leadership in solving community problems and in making national contributions to solving long-term and immediate urban problems.

(C) The demonstrated commitment of the applicant to supporting urban research and outreach programs by providing matching contributions for any Federal assistance received.

(D) The demonstrated ability of the applicant to disseminate results of research and successful strategies developed through outreach activities to other Centers and communities served through the demonstration program.

(E) The projects and activities that the applicant proposes to carry out under the grant.

(F) The effectiveness of the applicant's strategy to provide outreach activities to communities.

(G) The extent of need in the communities to be served by the Centers.

(H) Other criteria deemed appropriate by the Secretary.

(2) PREFERENCE.-The Secretary shall give preference to institutions of higher education that undertake research and outreach activities by bringing together knowledge and expertise in the various social science and technical disciplines that relate to urban problems.

(f) FEDERAL SHARES.-The Federal share of a grant under this section shall not be more than—

(1) 50 percent of the cost of establishing and operating a Center's research activities; and

(2) 75 percent of the cost of establishing and operating a Center's outreach activities.

(g) NON-FEDERAL SHARES.-The non-Federal share of a grant may include cash, or the value of non-cash contributions, equipment, or other in-kind contributions deemed appropriate by the Secretary.

(h) RESPONSIBILITIES.-A Center established under this section shall

(1) employ the research and outreach resources of its sponsoring institution of higher education to solve specific urban problems identified by communities served by the Center;

(2) establish outreach activities in areas identified in the grant application as the communities to be served;

(3) establish a community advisory committee comprised of representatives of local institutions and residents of the communities to be served to assist in identifying local needs and advise on the development and implementation of strategies to address those issues;

(4) coordinate outreach activities in communities to be served by the Center;

(5) facilitate public service projects in the communities served by the Center; er

(6) act as a clearinghouse for the dissemination of information;

(7) develop instructional programs, convene conferences, and provide training for local community leaders, when appropriate; and

(8) exchange information with other Centers.

(i) NATIONAL ADVISORY COUNCIL.

(1) ESTABLISHMENT.-The Secretary shall establish a national advisory council (hereafter in this section referred to as the "council") to

(A) disseminate the results of research and outreach activities carried out under this section;

(B) act as a clearinghouse between grant recipients and other institutions of higher education; and

(2) MEMBERS.-The council shall be composed of 12 members to be appointed by the Secretary as follows

(A) 3 representatives of State and local governments; (B) 3 representatives of institutions of higher education that receive grants under this section;

(D) 3 representatives from community advisory committees created pursuant to this section.

(3) VACANCIES.-A vacancy in the membership of the council shall be filled in the manner in which the original appointment was made.

(4) COMPENSATION.-Members of the council shall serve without

pay.

(5) CHAIRMAN.-The council shall elect a member to serve as chairperson of the council.

(6) MEETINGS.-The council shall meet at least biannually and at such other times as the chairman may designate.

(j) NATIONAL CLEARINGHOUSE.-The Secretary shall establish a national clearinghouse to disseminate information resulting from the research and successful outreach activities developed through the Centers to grant recipients and other interested institutions of higher education.

(k) AUTHORIZATIONS.-The sums set aside by section 107 of the Housing and Community Development Act of 1974 for the purpose of this section shall be available

(1) to enable Centers to carry out research and outreach activities;

(2) to establish and operate the national clearinghouse to be established under subsection (j). (1) REPORTING.

(1) IN GENERAL.-The Secretary of Housing and Urban Development shall submit an annual report 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 1.

1Section 1(a) of Public Law 104-14, 109 Stat. 186, provides, in part, that "any reference in any provision of law enacted before January 4, 1995, to ... the Committee on Banking, FiContinued

(2) CONTENTS.-The report under paragraph (1) shall contain a summary of the activities carried out under this section during the preceding fiscal year, and findings and conclusions drawn from such activities.

nance and Urban Affairs of the House of Representatives shall be treated as referring to the

Committee on Banking and Financial Services of the House of Representatives".

COMMUNITY INVESTMENT CORPORATION
DEMONSTRATION

EXCERPT FROM HOUSING AND COMMUNITY DEVELOPMENT ACT OF

1992

[Public Law 102–550; 106 Stat. 3859; 42 U.S.C. 5305 note]

SEC. 853. [42 U.S.C. 5305 note] COMMUNITY INVESTMENT CORPORATION DEMONSTRATION.

(a) SHORT TITLE.-This section may be cited as the "Community Investment Corporation Demonstration Act".

(b) COMMUNITY INVESTMENT CORPORATION DEMONSTRATION.— (1) FINDINGS.-The Congress finds that—

(A) the Nation's urban and rural communities face critical social and economic problems arising from lack of growth; growing numbers of low-income persons and persons living in poverty; lack of employment and other opportunities to improve the quality of life of these residents; and lack of capital for business located in, or seeking to locate in these communities;

(B) the future well-being of the United States and its residents depends on the restoration and maintenance of viable local economies, and will require increased public and private investment in low-income housing, business development, and economic and community development activities, and technical assistance to local organizations carrying out revitalization strategies;

(C) lack of expertise and technical capacity can significantly limit the ability of residents and local institutions to effectively carry out revitalization strategies;

(D) the Federal Government needs to develop new models for facilitating local revitalization activities;

(E) indigenous community-based financial institutions play a significant role in identifying and responding to community needs; and

(F) institutions, such as South Shore Bank (Chicago, Illinois), Southern Development Bancorporation (Arkadelphia, Arkansas), Center for Community Self Help (Durham, North Carolina), and Community Capital Bank (Brooklyn, New York), with a primary mission of promoting community development have proven their ability to promote revitalization and are appropriate models for restoring economic stability and growth in distressed communities and neighborhoods.

(2) PURPOSES.-The demonstration program carried out under this section shall

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