as added by this section). (C) The purchaser or transferee will be subject to the penalty imposed under section 5000G(f)(2) of such Code for any false certification. (3) Definitions Any term used in this subsection which is used in chapter 50B of the Internal Revenue Code of 1986 (as added by this section) shall have the meaning give such term under such chapter. (d) Clerical amendment The table of chapters for subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: Chapter 50B—Excess single-Family residences . (e) Effective date The amendments made by this section shall apply to taxable years beginning after the date of enactment of this Act. 3. Use of tax revenues for down payment assistance grants (a) Establishment of housing downpayment trust fund (1) In general Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 9512. Housing Downpayment Trust Fund (a) Creation of trust fund There is established in the Treasury of the United States a trust fund to be known as the Housing Downpayment Trust Fund (hereinafter in this section referred to as the Trust Fund ), consisting of such amounts as may be appropriated or credited to such Trust Fund as provided in this section and section 9602(b). (b) Transfers to Trust Fund There are hereby appropriated to the Trust Fund amounts equivalent to revenues received in the Treasury from the tax imposed by sections 5000E and 5000F. (c) Expenditures from Trust Fund Amounts in the Trust Fund shall be available, as provided in appropriations Acts, only for grants under section 3(b) of the End Hedge Fund Control of American Homes Act . . (2) Clerical amendment The table of sections for subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: Sec. 9512. Housing Downpayment Trust Fund. . (b) Grants program for down payment assistance programs (1) Establishment The Secretary of Housing and Urban Development