; and (3) in the fourth sentence, by striking include Westchester and Rockland Counties, New York, in and inserting exclude the covered jurisdictions from . 3. High housing cost adjustment fairness Subparagraph (D) of section 3(b)(2) of the United States Housing Act of 1937 ( 42 U.S.C. 1437a(b)(2)(D) ), as amended by the preceding provisions of this Act, is further amended by adding at the end the following: For purposes of the low-income housing tax credit program under section 42 of the Internal Revenue Code of 1986 and the exempt facilities bond program under section 142 of such Code, the Secretary may not apply, for any city, county, and other such jurisdiction, for the purposes of calculating the area median income or any related metric, in the instances where it is used to derive the income limits or rent amounts for such programs for a given area, a high housing cost adjustment, unless such jurisdiction petitions the Secretary to apply such adjustment to such city, county, or other such jurisdiction. The Secretary shall review and grant such petitions made by any legal and proper authority within the relevant jurisdiction, including petitions enacted by popular referendum. The preceding two sentences may not be construed to affect housing vouchers under section 8 or to carry out any other purpose than those specifically stated in such sentences. . 4. Low-income housing tax credit disclosures (a) In general Section 42 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (o) Annual reporting No credit shall be allowed under subsection (a) with respect to a qualified low-income building for a taxable year unless the following information is submitted (in such manner and at such time as the Secretary requires) to the relevant housing credit agency: (1) All expenditures after the date of the allocation under subsection (h) that substantially affect the basis of such building. (2) The projected rents of the affordable units in such building during the 5-year period