I

103D CONGRESS

1ST SESSION H. R. 2517

To establish certain programs and demonstrations to assist States and communities in efforts to relieve homelessness, assist local community development organizations, and provide affordable rental housing for lowincome families, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

JUNE 24, 1993

Mr. GONZALEZ (for himself and Mrs. ROUKEMA) introduced the following bill;

which was referred to the Committee on Banking, Finance and Urban Affairs

A BILL

To establish certain programs and demonstrations to assist

States and communities in efforts to relieve homelessness, assist local community development organizations,

and provide affordable rental housing for low-income

families, and for other purposes.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘Homeless and Commu5 nity Development Amendments Act of 1993’’.
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1 SEC. 2. INNOVATIVE HOMELESS INITIATIVES DEMONSTRA2 TION PROGRAM.

3 (a) IN GENERAL.—Subtitle E of title IV of the Stew4 art B. McKinney Homeless Assistance Act is amended by

5 adding after section 443 (42 U.S.C. 11402) the following

6 new section:

7 ‘‘SEC. 444. INNOVATIVE HOMELESS INITIATIVES DEM8 ONSTRATION PROGRAM.

9 ‘‘(a) ESTABLISHMENT OF DEMONSTRATION.—The

10 Secretary shall carry out a demonstration under this sec11 tion under which the Secretary may provide financial and

12 technical assistance—

13 ‘‘(1) to metropolitan cities, urban counties,

14 units of general local government, Indian tribes, and

15 private nonprofit organizations to demonstrate the

16 desirability and feasibility of carrying out projects

17 and activities that implement a work plan that pro18 vides for a continuum of care for homeless persons

19 under subsection (c); and

20 ‘‘(2) to States, units of general local govern21 ment, Indian tribes, and private nonprofit organiza22 tions to demonstrate the feasibility and desirability

23 of carrying out innovative programs to assist home24 less individuals under subsection (d).

25 ‘‘(b) GENERAL PROVISIONS.—
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1 ‘‘(1) DEFINITIONS.—For purposes of this sec2 tion:

3 ‘‘(A) The terms ‘State’, ‘metropolitan city’,

4 ‘urban county’, ‘unit of general local govern5 ment’, ‘Secretary’, and ‘Indian tribe’ have the

6 meanings given such terms in section 102(a) of

7 the Housing and Community Development Act

8 of 1974.

9 ‘‘(B) The term ‘private nonprofit organiza10 tion’ has the meaning given such term in sec11 tion 422 of the Stewart B. McKinney Homeless

12 Assistance Act.

13 ‘‘(C) The term ‘homeless individual’ has

14 the meaning given such term in section 103 of

15 the Stewart B. McKinney Homeless Assistance

16 Act.

17 ‘‘(2) FUNDING.—To such extent or in such

18 amounts as have been provided in appropriation

19 Acts for fiscal year 1994, $150,000,000 shall be

20 available to the Secretary to carry out the dem21 onstration under this section in such fiscal year, of

22 which—

23 ‘‘(A) $50,000,000 shall be from any

24 amounts made available to carry out the shelter
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1 plus care program under subtitle F of this title

2 in such fiscal year;

3 ‘‘(B) $40,000,000 shall be from any

4 amounts made available to carry out the sup5 portive housing program under subtitle C of

6 this title in such fiscal year;

7 ‘‘(C) $25,000,000 shall be from any

8 amounts made available to carry out the

9 HOME Investment Partnerships Act in such

10 fiscal year;

11 ‘‘(D) $25,000,000 shall be from any

12 amounts made available to carry out the com13 munity development block grants program

14 under title I of the Housing and Community

15 Development Act of 1974 in such fiscal year;

16 and

17 ‘‘(E) $10,000,000 shall be from any

18 amounts made available under section 402 of

19 the Cranston-Gonzalez National Affordable

20 Housing Act to carry out the HOPE home21 ownership programs in such fiscal year.

22 Of any amounts made available to carry out the

23 demonstration under this section, 50 percent shall

24 be available for assistance under subsection (c) and
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1 50 percent shall be available for assistance under

2 subsection (d).

3 ‘‘(c) HOMELESS CRISIS FUNDING.—

4 ‘‘(1) DESIGNATION.—The Secretary shall des5 ignate such metropolitan cities, urban counties, units

6 of general local government (including units in rural

7 areas), and Indian tribes as areas eligible for assist8 ance under this subsection, as the Secretary may de9 termine. The Secretary shall establish criteria for

10 making such designations, which shall at a minimum

11 include—

12 ‘‘(A) the extent of unmet need of homeless

13 individuals in the jurisdiction, including those

14 who are wholly without adequate shelter of any

15 kind;

16 ‘‘(B) the gap between the jurisdiction’s ex17 isting system of assisting homeless persons and

18 the continuum of care model described in para19 graph (2);

20 ‘‘(C) the degree of cooperation between the

21 jurisdiction and nonprofit homeless service pro22 viders;

23 ‘‘(D) the degree to which private nonprofit

24 and for-profit entities express willingness to
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1 make financial and other commitments to the

2 jurisdiction’s homeless assistance efforts; and

3 ‘‘(E) national geographic diversity in the

4 designation of jurisdictions.

5 After selecting areas for designation under this

6 paragraph but before designating such areas, the

7 Secretary shall consult with the Committee on Bank8 ing, Finance and Urban Affairs of the House of

9 Representatives and the Committee on Banking,

10 Housing, and Urban Affairs of the Senate regarding

11 such designations.

12 ‘‘(2) WORK PLAN.—To receive assistance under

13 this subsection within a designated jurisdiction, the

14 jurisdiction or a private nonprofit organization shall

15 submit to the Secretary a work plan that shall, at

16 a minimum—

17 ‘‘(A) describe existing conditions for home18 less persons and families throughout the juris19 diction;

20 ‘‘(B) set forth a realistic and feasible strat21 egy that contains specific projects and activities

22 resulting in a continuum of care for the juris23 diction’s homeless persons and targets, goals,

24 and strategies for implementation and comple25 tion of such projects and activities;
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1 ‘‘(C) be prepared with appropriate coopera2 tion from affected governments and government

3 agencies, private nonprofit organizations, and

4 contributing for-profit entities;

5 ‘‘(D) specify those projects and activities

6 for which the jurisdiction requests funding from

7 the Secretary under this subsection and the

8 amounts thereby requested; and

9 ‘‘(E) specify courses, amounts, and time10 tables for the financing of other projects and

11 activities.

12 ‘‘(3) DESIGNATION.—The designation referred

13 to in paragraph (1) and assistance provided under

14 this subsection shall be made on a noncompetitive

15 basis.

16 ‘‘(d) INNOVATIVE PROJECT FUNDING.—

17 ‘‘(1) AUTHORITY.—The Secretary is authorized

18 to provide assistance under this subsection to States,

19 units of general local government (including units in

20 rural areas), Indian tribes, and private nonprofit or21 ganizations for assistance for innovative programs to

22 assist homeless individuals.

23 ‘‘(2) APPLICATIONS.—Applications for assist24 ance under this subsection shall be in such form,

25 and shall include such information, as the Secretary
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1 shall determine. Each application shall contain, at a

2 minimum—

3 ‘‘(A) a description of the existing condi4 tions for homeless individuals in the jurisdic5 tion;

6 ‘‘(B) an explanation of how the proposed

7 project will further the efforts of the jurisdic8 tion to meet the housing and supportive services

9 needs of homeless individuals through an inte10 grated and coordinated system;

11 ‘‘(C) evidence that the application has been

12 prepared in coordination with appropriate gov13 ernmental entities, private nonprofit organiza14 tions, and for-profit entities; and

15 ‘‘(D) a description of the projects and ac16 tivities for which the applicant is requesting

17 funding under this subsection and the amounts

18 requested.

19 ‘‘(3) CRITERIA.—The Secretary shall establish

20 selection criteria for awarding assistance under this

21 subsection, which shall include, at a minimum—

22 ‘‘(A) the extent of the commitment of the

23 applicant to alleviating poverty and homeless24 ness;
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1 ‘‘(B) the extent of the applicant’s continu2 ing capacity to effectively provide assistance to

3 homeless individuals;

4 ‘‘(C) the extent to which the project or ac5 tivity is innovative and may be replicable or

6 serve as a model for implementation in other

7 jurisdictions; and

8 ‘‘(D) diversity by geography and commu9 nity type.

10 ‘‘(4) APPROACH.—Assistance under this sub11 section may be used to provide innovative ap12 proaches for, or alternative means of, meeting the

13 immediate long-term needs of homeless individuals

14 by assisting—

15 ‘‘(A) the purchase, lease, renovation, oper16 ation, or conversion of facilities to assist the

17 homeless, which facilities shall be safe and sani18 tary and, when appropriate, meet all applicable

19 State and local housing and building codes and

20 licensing requirements;

21 ‘‘(B) the provision of supportive services

22 for the homeless; and

23 ‘‘(C) such other activities as the Secretary

24 may prescribe.
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1 ‘‘(5) REQUIREMENTS.—The Secretary shall es2 tablish requirements for assistance under this sub3 section, which may include limitations on adminis4 trative expenses, terms of renewal funding for short5 term lease projects, and requirements for repayment

6 of assistance under this subsection when the project

7 ceases to be used to assist the homeless in accord8 ance with the provision of this subsection.

9 ‘‘(e) REPORTS.—The Secretary shall submit an an10 nual report to the Congress for each fiscal year in which

11 the Secretary provides assistance under the demonstration

12 under this section. The reports shall describe the activities

13 carried out with assistance under the demonstration and

14 set forth any findings and recommendations of the Sec15 retary as a result of the demonstration. Each such report

16 shall be submitted not later than the expiration of the 3-

17 month period beginning upon the conclusion of the fiscal

18 year for which the report is made.’’.

19 (b) CLERICAL AMENDMENT.—The table of contents

20 in section 101(b) of the Stewart B. McKinney Homeless

21 Assistance Act is amended by inserting after the item re22 lating to section 443 the following new item:

‘‘Sec. 444. Innovative Homeless Initiatives Demonstration Program.’’.

23 SEC. 3. MOVING TO OPPORTUNITY FOR FAIR HOUSING.

24 Section 152(e) of the Housing and Community Devel25 opment Act of 1992 (42 U.S.C. 1437f note) is amended—
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1 (1) in the first sentence, by striking

2 ‘‘$52,100,000’’ and inserting ‘‘$165,000,000’’; and

3 (2) by adding at the end the following new sen4 tence: ‘‘No amounts appropriated for fiscal year

5 1994 to carry out the demonstration under this sec6 tion may be obligated to any public housing agency

7 or expended before the Secretary submits to the

8 Congress a report describing how amounts made

9 available for the demonstration in fiscal year 1993

10 were allocated and expended and containing the in11 formation required in interim reports under sub12 section (d)(1), to the extent such information is

13 available to the Secretary.

14 SEC. 4. ASSISTANCE FOR LOCAL COMMUNITY DEVELOP15 MENT ORGANIZATIONS.

16 (a) AUTHORITY.—The Secretary of Housing and

17 Urban Development may provide assistance under this

18 section to the National Community Development Initiative

19 for making grants under this section to community devel20 opment support organizations for such organizations to

21 assist local community development organizations in in22 creasing their technical and administrative capacities and

23 carrying out community development projects and activi24 ties and developing affordable housing, and to provide
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1 technical and predevelopment assistance relating to such

2 community development and housing projects.

3 (b) ASSISTANCE TO LOCAL COMMUNITY DEVELOP4 MENT ORGANIZATIONS.—A community development sup5 port organization that receives a grant under this section

6 shall use any such amounts to carry out the following ac7 tivities and provide the following assistance:

8 (1) CAPACITY BUILDING.—Providing training,

9 education, support, and advice to local community

10 development organizations to enhance the technical

11 and administrative capabilities of such organizations

12 to conduct activities under paragraphs (2) and (3)

13 and providing amounts for such organizations to ob14 tain such capacity building assistance, which may in15 clude assistance to the staff, management, directors,

16 and members of such organizations regarding legal,

17 financial, construction, engineering, property man18 agement, and other matters.

19 (2) COMMUNITY DEVELOPMENT AND HOUSING

20 ACTIVITIES.—Providing amounts (through loans and

21 grants) and other assistance for local community de22 velopment organizations to carry out community de23 velopment activities that benefit low-income families

24 and activities to develop and support affordable

25 housing, which may include providing financing for
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1 rehabilitating, constructing, acquiring, and maintain2 ing affordable housing.

3 (3) PROJECT-RELATED PREDEVELOPMENT AS4 SISTANCE.—Providing technical assistance and

5 amounts to local community development organiza6 tions for predevelopment activities relating to spe7 cific projects under paragraph (2), which may in8 clude conducting project feasibility analyses, obtain9 ing project consultants, preparing preliminary fi10 nancing applications, obtaining legal, architectural,

11 and engineering assistance, site acquisition, and title

12 clearance.

13 (4) OTHER ACTIVITIES.—Other activities, as

14 determined by the National Community Develop15 ment Initiative in consultation with the Secretary.

16 (c) PROHIBITION OF USE OF GRANT AMOUNTS FOR

17 SUPPORT ORGANIZATION ADMINISTRATIVE COSTS.—No

18 amounts from a grant under this section may be used for

19 administrative costs of a community development support

20 organization.

21 (d) REQUIREMENTS.—The National Community De22 velopment Initiative may make grants under this section

23 only to community development support organizations

24 that—
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1 (1) submit to the Secretary an application that

2 contains—

3 (A) a request for a grant under this sec4 tion that specifies the amount of the assistance

5 requested;

6 (B) a description of the method by which

7 the community development support organiza8 tion will select local community development or9 ganizations to assist;

10 (C) specification of the intended bene11 ficiaries of assistance provided by the commu12 nity development support organization;

13 (D) measurable goals by which to deter14 mine the effectiveness of the use of the grant

15 amounts; and

16 (E) such other information as the Sec17 retary may require;

18 (2) are selected by the Secretary under sub19 section (f); and

20 (3) agree to comply with the provisions of this

21 section and provide assistance in the manner de22 scribed in the application of the organization ap23 proved by the Secretary.

24 (e) MATCHING REQUIREMENT.—
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1 (1) IN GENERAL.—The Secretary may not pro2 vide any assistance to the National Community De3 velopment Initiative from amounts made available

4 for this section unless the Secretary determines that

5 an amount equal to 3 times the amount to be pro6 vided by the Secretary has been made available to

7 the National Community Development Initiative

8 from private foundations and corporations for use

9 with grant amounts for the purposes under sub10 section (b).

11 (2) UNUSED AMOUNTS.—Any amounts appro12 priated to carry out this section for a fiscal year

13 which may not be used because matching amounts

14 pursuant to paragraph (1) have not been made

15 available in the year, shall be available or committed

16 on October 1 of the next fiscal year for the purposes

17 under paragraph (1) or (2) of section 205 of the

18 Cranston-Gonzalez National Affordable Housing

19 Act, in the discretion of the Secretary.

20 (f) SELECTION.—

21 (1) IN GENERAL.—The Secretary shall select

22 community development support organizations for

23 grants under this section from among organizations

24 submitting applications under subsection (d)(1).
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1 (2) CRITERIA.—The Secretary shall make selec2 tions under paragraph (1) based on the information

3 contained in the applications, the capacity and expe4 rience of such organizations to provide training, sup5 port, advice, and assistance to local community de6 velopment organizations, and such other criteria as

7 the Secretary shall establish.

8 (3) CONSULTATION.—In establishing the con9 tent of the criteria under paragraph (2), the relative

10 weight to be given to the various criteria, and the

11 process under this subsection for selection of appli12 cations for grants under this section, the Secretary

13 shall consult with the National Community Develop14 ment Initiative and the members of such Initiative.

15 (g) REPORTS.—

16 (1) GAO.—Not later than 3 years after the

17 date of the enactment of this section, the Comptrol18 ler General of the United States shall submit a re19 port to the Congress describing the effectiveness of

20 the use, by community development support organi21 zations and local community development organiza22 tions, of amounts from grants under this section.

23 (2) SECRETARY.—Not later than 15 months

24 after the date that amounts made available pursuant

25 to subsection (i)(1) are first disbursed to the Na-
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1 tional Community Development Initiative, and annu2 ally thereafter for 3 years, the Secretary shall sub3 mit a report to the Congress describing the activities

4 carried out by community development support orga5 nizations and local community development organi6 zations with amounts provided under this section

7 and matching amounts, the effectiveness of such ac8 tivities, and any other findings of the Secretary as

9 a result of assistance provided under this section.

10 (h) DEFINITIONS.—For purposes of this section:

11 (1) DISTRESSED AREA.—The term ‘‘distressed

12 area’’ means an area in which the percentage of the

13 families residing in the area that are low-income

14 families is substantially higher than such percentage

15 for the region in which the area is located, or that

16 possesses other characteristics indicating a need for

17 housing or community development assistance, as

18 determined by the community development support

19 organizations.

20 (2) GRANT.—The term ‘‘grant under this sec21 tion’’ means a grant with assistance provided under

22 subsection (a) by the Secretary from amounts appro23 priated pursuant to subsection (i)(1). Such term

24 does not include assistance provided with any

25 amounts made available by private foundations and
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1 corporations pursuant to the requirement under sub2 section (e).

3 (3) LOCAL COMMUNITY DEVELOPMENT ORGANI4 ZATIONS.—The term ‘‘local community development

5 organization’’ means a nonprofit organization—

6 (A) that has among its principal purposes

7 the provision of affordable housing in a dis8 tressed area or conducting community develop9 ment activities that primarily benefit low-in10 come families in a distressed area; and

11 (B) whose governing board is comprised of

12 business, civic, and community leaders and resi13 dents of the distressed area in which the orga14 nization carries out its activities.

15 The term includes community development corpora16 tions and community housing development organiza17 tions (as such term is defined in section 104 of the

18 Cranston-Gonzalez National Affordable Housing

19 Act).

20 (4) COMMUNITY DEVELOPMENT SUPPORT OR21 GANIZATION.—The term ‘‘community development

22 support organization’’ means a nonprofit organiza23 tion funded by the National Community Develop24 ment Initiative that—
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1 (A) has among its principal purposes pro2 viding assistance throughout the United States

3 to local community development organizations

4 to facilitate such local organizations’ activities

5 to develop or maintain affordable housing or re6 vitalize distressed communities;

7 (B) has demonstrated experience and abil8 ity in providing a range of assistance to local

9 community development organizations, which

10 may include financing, technical assistance,

11 construction activities, property management,

12 and training; and

13 (C) meets standards of fiscal responsibility

14 established by the Secretary.

15 (i) FUNDING.—

16 (1) IN GENERAL.—Amounts made available for

17 carrying out the HOME Investment Partnerships

18 Act for fiscal year 1994 shall be made available for

19 use under this section to such extent or in such

20 amounts as are provided in appropriation Acts, ex21 cept that the amount so made available for use

22 under this section may not exceed $25,000,000.

23 (2) COMMUNITY HOUSING PARTNERSHIP AC24 TIVITIES.—Section 205(1) of the Cranston-Gonzalez

25 National Affordable Housing Act (42 U.S.C.
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1 12724(1)) is amended by striking ‘‘$14,000,000’’

2 the second place it appears and inserting

3 ‘‘$25,000,000’’.

4 SEC. 5. SECTION 8 COMMUNITY INVESTMENT DEMONSTRA5 TION PROGRAM.

6 (a) AUTHORITY.—Using amounts available pursuant

7 to section 5(c)(7)(B)(ii) of the United States Housing Act

8 of 1937, the Secretary of Housing and Urban Develop9 ment (in this section referred to as the ‘‘Secretary’’) shall

10 carry out a demonstration program to provide project11 based rental assistance under section 8 of such Act on be12 half of low-income families residing in housing that is con13 structed, rehabilitated, or acquired pursuant to a loan or

14 other financing from an eligible pension fund.

15 (b) CONTRACT TERMS.—Assistance provided under

16 the demonstration under this section with respect to eligi17 ble housing—

18 (1) shall be project-based assistance that is at19 tached to the eligible housing; and

20 (2) shall be provided pursuant to a contract en21 tered into by the Secretary and the owner of the eli22 gible housing that—

23 (A) provides such assistance for a term of

24 not less than 60 months and not more than 180

25 months; and
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1 (B) provides that the contract rents for

2 dwelling units in the eligible housing shall be

3 determined by the Secretary taking into consid4 eration any costs for construction, rehabilita5 tion, or acquisition of the housing, except that

6 such contract rent may not exceed the contract

7 rent permitted pursuant to section 8 of the

8 United States Housing Act of 1937.

9 (c) ELIGIBLE HOUSING.—The Secretary may enter

10 into a commitment to provide assistance pursuant to this

11 section with respect to a housing project only if—

12 (1) the housing is—

13 (A) a multifamily housing project owned

14 by the Secretary or subject to a mortgage held

15 by the Secretary that is delinquent, under a

16 workout agreement, or being foreclosed upon by

17 the Secretary;

18 (B) designated by the Secretary under sec19 tion 24(b) of the United States Housing Act of

20 1937 as a severely distressed public housing

21 project;

22 (C) a multifamily housing project eligible

23 for assistance for troubled projects under sec24 tion 201 of the Housing and Community Devel25 opment Amendments of 1978;
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1 (D) a multifamily housing project located

2 in a empowerment zone or enterprise commu3 nity designated pursuant to Federal law; or

4 (E) any other multifamily housing project,

5 including a project to be occupied by homeless

6 persons (as such term is defined in section 103

7 of the Stewart B. McKinney Homeless Assist8 ance Act) or homeless families;

9 (2) the Secretary determines that the owner of

10 the housing has obtained commitments, satisfactory

11 in the determination of the Secretary, for financing

12 for the construction, acquisition, or rehabilitation of

13 the housing from an eligible pension fund;

14 (3) the mortgage for the housing meets such

15 standards regarding financing and securitization as

16 the Secretary may establish;

17 (4) in the case of any housing that is to be con18 structed, the Secretary determines that the owner of

19 the housing has provided reasonable assurances to

20 the Secretary that the owner will own or have con21 trol of a site for the housing (which may be a suit22 able site different from the site specified in the ap23 plication under subsection (d)) not later than 12

24 months after notification of the award of assistance

25 under this section;
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1 (5) the housing and any work done with respect

2 to the housing will comply with any applicable envi3 ronmental laws or regulations;

4 (6) the construction, rehabilitation, or acquisi5 tion of the housing is not inconsistent with the ap6 proved comprehensive housing affordability strategy

7 under title I of the Cranston-Gonzalez National Af8 fordable Housing Act for the jurisdiction in which

9 the housing is located; and

10 (7) the housing complies with any other re11 quirements established by the Secretary to carry out

12 the demonstration under this section.

13 (d) APPLICATIONS.—The Secretary shall provide for

14 the owners of eligible housing, together with the eligible

15 pension funds providing financing for the housing, to

16 jointly submit applications for assistance under this sec17 tion. An application shall include a description of the hous18 ing to be constructed, rehabilitated, or acquired, the loca19 tion of the housing (or the site for the construction of the

20 housing), the terms of the financing by the eligible pension

21 fund, a request for a specific amount of assistance under

22 this section for a specific term, and such other information

23 as the Secretary may require.

24 (e) SELECTION AND DETERMINATION OF ASSIST25 ANCE.—The Secretary shall select eligible housing for as-
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1 sistance under this section from among applications sub2 mitted pursuant to subsection (d) and, subject to the pro3 visions of this section, shall determine the amount of as4 sistance to be provided for selected housing that is appro5 priate to maintain the affordability and feasibility of the

6 housing.

7 (f) RELATION TO PHA PROJECT-BASED LIMIT.—

8 Project-based assistance provided under this section shall

9 not be considered for purposes of any limitation under sec10 tion 8(d)(2) of the United States Housing Act of 1937

11 regarding the amount of assistance under such section

12 that may be attached to the structure.

13 (g) USE IN PROPERTY DISPOSITION PROGRAM.—

14 (1) AUTHORITY.—Notwithstanding any provi15 sion of section 203 of the Housing and Community

16 Development Amendments of 1978, assistance pro17 vided in connection with the disposition of a multi18 family housing project under such section 203 may

19 have a contract term of less than 15 years if such

20 assistance is provided (A) under a contract under

21 the demonstration under this section, and (B) pur22 suant to a disposition plan under such section 203

23 for the project that is approved under such section

24 by the Secretary as otherwise in compliance with the

25 requirements of such section.
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1 (2) ALLOCATION.—Of the amounts made avail2 able in each fiscal year for assistance under the

3 demonstration under this section, a significant

4 amount may be used in connection with the disposi5 tion under section 203 of the Housing and Commu6 nity Development Amendments of 1978 of eligible

7 housing.

8 (h) REPORTS.—

9 (1) GAO.—The Comptroller General of the

10 United States shall submit to the Congress reports

11 under this paragraph evaluating the effectiveness of

12 the demonstration under this section. Such reports

13 shall be submitted not later than the expiration of

14 the 2-year period beginning on the date of the enact15 ment of this section and not later than the expira16 tion of the 6-month period beginning upon the ter17 mination date under subsection (k).

18 (2) SECRETARY.—The Secretary shall submit

19 an annual report to the Congress for each fiscal year

20 in which the Secretary provides assistance pursuant

21 to contracts entered into under this section. The re22 ports shall summarize the activities carried out

23 under this section, describe the housing assisted and

24 the amounts of assistance provided, and include any

25 findings and recommendations of the Secretary as a
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1 result of the demonstration under this section. Each

2 such report shall be submitted not later than the ex3 piration of the 3-month period beginning upon the

4 conclusion of the fiscal year for which the report is

5 made.

6 (i) DEFINITIONS.—For purposes of this section:

7 (1) The term ‘‘eligible housing’’ means housing

8 for which the requirements under subsection (c)

9 have been met.

10 (2) The term ‘‘eligible pension fund’’ means

11 any—

12 (A) trust, fund, plan, or other program es13 tablished or maintained by any employer or

14 other person for the purpose of providing in15 come or benefits to employees after the termi16 nation of employment or deferring income by

17 employees until after the termination of employ18 ment, or

19 (B) other entity that invests principally the

20 amounts of any trust, fund, plan, or other pro21 gram referred to in subparagraph (A),

22 that the Secretary considers appropriate for pur23 poses of this section.

24 (j) REGULATIONS.—The Secretary shall issue any

25 final regulations necessary to carry out this section not
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1 later than the expiration of the 45-day period beginning

2 on the date of the enactment of this section.

3 (k) TERMINATION DATE.—The Secretary may not

4 enter into any new commitment to provide assistance

5 under this section after September 30, 1998.

6 (l) FUNDING.—Section 5(c)(7)(B)(ii) of the United

7 States Housing Act of 1937 (42 U.S.C.

8 1437c(c)(7)(B)(ii)) is amended by inserting after

9 ‘‘8(i)(2);’’ the following: ‘‘and of which not more than

10 $100,000,000 shall be available for the community invest11 ment demonstration program under section 5 of the

12 Homeless and Community Development Amendments Act

13 of 1993;’’.

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