This Act may be cited as the “Disaster Assistance Equity Act of 2017”.

(a) Definition of private nonprofit facility.—Section 102(11)(B) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122(11)(B)) is amended by adding at the end the following: “The term also includes any facilities (including roads, walkways, bridges, culverts, canals, sewer and wastewater systems, hazard mitigation systems, power, and other critical community infrastructure) owned or operated by a common interest community that provide essential services of a governmental nature.”.

(b) Additional definitions.—Section 102 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122) is amended by adding at the end the following:

“(13) COMMON INTEREST COMMUNITY.—The term ‘common interest community’ means—

“(A) any nonprofit mandatory membership organization comprised of owners of real estate (other than a condominium or housing cooperative) described in a declaration or created pursuant to a covenant or other applicable law with respect to which a person, by virtue of the person’s ownership of a unit, is obligated to pay for a share of real estate taxes, insurance premiums, maintenance, or improvement of, or services or other expenses related to, common elements, other units, or any other real estate other than that unit described in the declaration; and

“(B) a condominium project—

“(i) comprised entirely of detached single family units; or

“(ii) comprised of four or more multi-unit housing structures, that owns or operates facilities (including roads, walkways, bridges, culverts, canals, sewer and wastewater systems, hazard mitigation systems, power, or other critical community infrastructure) that provide essential services of a governmental nature.

“(14) CONDOMINIUM.—The term ‘con­do­min­i­um’ means a multi-unit housing project in which each dwelling unit is separately owned, and the remaining portions of the real estate are designated for common ownership solely by the owners of those units, each owner having an undivided interest in the common elements, and which is represented by a condominium association consisting exclusively of all the unit owners in the project, which is, or will be responsible for the operation, administration, and management of the project.

“(15) HOUSING COOPERATIVE.—The term ‘housing cooperative’ means a multi-unit housing project in which each dwelling unit is subject to separate use and possession by one or more cooperative members whose interest in such unit, and in any undivided assets of the cooperative association that are appurtenant to such unit, is evidenced by a membership or share interest in a cooperative association and a lease or other document of title or possession granted by such cooperative as the owner of all cooperative property.”.

(a) Individuals and Households Program.—Section 408(b)(1) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5174(b)(1)) is amended—

(1) by striking “The President” and inserting the following:

“(A) IN GENERAL.—The President”; and

(2) by adding at the end the following:

“(B) CONDOMINIUMS AND HOUSING COOPERATIVES.—For purposes of providing financial assistance under subsections (c)(2) and (c)(3) with respect to residential elements that are the legal responsibility of an association for a condominium or housing cooperative, the terms ‘individual’ and ‘household’ include the association for the condominium or housing cooperative.”.

(b) Maximum amount of assistance.—Section 408(h) of such Act (42 U.S.C. 5174(h)) is amended by adding at the end the following:

“(3) SPECIAL RULE FOR CONDOMINIUMS AND HOUSING COOPERATIVES.—

“(A) IN GENERAL.—In lieu of the limit established under paragraph (1), the maximum amount of assistance that an association for a condominium or housing cooperative may receive under this section with respect to a single disaster shall be an amount to be determined by the President by regulation.

“(B) ADJUSTMENT OF LIMIT.—The amount determined by the President under subparagraph (A) shall be adjusted annually in accordance with paragraph (2).”.

The amendments made by this Act shall apply to a major disaster or emergency declared by the President under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et seq.) after the date of enactment of this Act.