No, it does not, but that does not mean that a federal act cannot contain a reference to urban land. The bill can refer to cooperation with municipalities or some other initiative to oversee spending power, for example. It is not unusual to mention items that do not fall under federal jurisdiction.
Having read the bill informally, I would say that it does not... Since this is not a government bill, you would have to ask the sponsor to explain the scope of the proposed legislation. As far as I can tell, this bill does not contain any provisions to regulate these areas. A commissioner will certainly report on whether or not the targets have been met, as the case may be, but no provision is made for direct penalties.