This bill mandates the Secretary of Housing and Urban Development (HUD) to establish a new system for reporting condemned federally assisted rental housing. Within six months of the bill's enactment, HUD must create procedures allowing tenants to report if their housing, which receives federal assistance, has been condemned by a city, county, state, or federal agency. This aims to provide a formal channel for tenants to notify authorities about unsafe living conditions in subsidized properties. Furthermore, the legislation grants the HUD Secretary the authority to impose a civil penalty of up to $50,000 on owners of federally assisted rental housing that has been condemned. This provision seeks to hold property owners accountable for maintaining safe and habitable conditions in properties receiving public funds. The bill provides a comprehensive definition of "Federally assisted rental housing," encompassing a wide array of programs administered by both HUD and the Secretary of Agriculture, ensuring broad applicability across various affordable housing initiatives.