residential, as defined in the legal de-
scription of the property in the pur-
chase contract or mortgage or title 
documents relating to such purchase; 
‘‘(II) of which not less than 25 
percent of the dwelling units in the 
development are owner-occupied; ex-
cept that the requirement under this 
item shall be considered to be com-
plied with, with respect to a develop-
ment, unless verifiable public records 
indicate an owner-occupancy rate for 
the development of less than 25 per-
cent; 
‘‘(III) that provides individual, 
centralized, or any other method of 
metering for energy use of the con-
stituent dwelling units; and 
‘‘(IV) that may include dwelling 
units that are used for the sole pur-
pose of short-term rentals and may 
provide such services as a staffed 
front desk, a concierge, or other 
amenities consistent with providing 
customer service for non-owner occu-
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smartinez on DSK5TPTVN1PROD with BILLS
pied or short-term rental units in the 
development, including marketing that 
describes the property as a lodge, re-
sort, or other similar facility; 
and any multifamily housing development 
that otherwise complies with the require-
ments under this clause may not be consid-
ered ineligible because the development or 
any portion of the development is called or 
referred to as a ‘condotel’, ‘condo-hotel’, 
‘lodge’, or any other title; 
‘‘(iii) is subject to resale restrictions 
that— 
‘‘(I) are recorded with the appro-
priate public registry for recording of 
titles and interests in real estate; and 
‘‘(II) terminate upon foreclosure 
or execution of any deed-in-lieu-of- 
foreclosure; and 
‘‘(iv) is located in an area that, at the 
time of the origination of the mortgage, is 
a high tourism area. 
‘‘(B) MORTGAGOR
INCOME.—The house-
hold of the mortgagor shall have a gross house-
hold income— 
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‘‘(i) that does not exceed 160 percent 
of the area median income, as determined 
and updated by the Secretary on an annual 
basis; and 
‘‘(ii) not less than 75 percent of which 
is earned from positions the discharge of 
whose duties involved physical presence in 
one or more high tourism areas. 
‘‘(C) EMPLOYMENT.—The mortgagor or 
another member of the mortgagor’s house-
hold— 
‘‘(i) has been employed, during the 6- 
month period ending upon execution of the 
mortgage, in a position or multiple posi-
tions the discharge of whose duties in-
volved physical presence in one or more 
high tourism areas, in the aggregate, for 
an average of not less than 30 hours per 
week; 
‘‘(ii) is employed at the time of the 
execution of the mortgage in a position or 
multiple positions the discharge of whose 
duties involve physical presence in one or 
more high tourism areas, in the aggregate, 
for an average of not less than 30 hours 
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per week and the duration of such employ-
ment in such position is expected to last at 
least 6 months; 
‘‘(iii) is 60 years of age or older and, 
during the 5-year period ending up the 
mortgagor’s retirement from employment 
was employed in a position or positions the 
discharge of whose duties involved physical 
presence in one or more high tourism areas 
for— 
‘‘(I) an average of not less than 
30 hours per week; and 
‘‘(II) for not less than 8 months 
per year; 
‘‘(iv) is a person with disabilities (as 
such term is defined in section 811(k) of 
the Cranston-Gonzalez National Affordable 
Housing Act (42 U.S.C. 8013)) who— 
‘‘(I) was employed, during the 2- 
year period ending upon becoming dis-
abled, in a position or positions de-
scribed in clause (i) or (ii); or 
‘‘(II) is employed in a position or 
positions described in clause (i) or (ii), 
except that the 30-hour requirement 
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smartinez on DSK5TPTVN1PROD with BILLS
under such clauses shall not apply to 
such person if— 
‘‘(aa) compliance with such 
requirement would make such 
person 
ineligible 
for 
benefits 
made available for persons with 
disabilities through a program of 
any State agency for develop-
mental disabilities or through the 
supplemental 
security 
income 
program under title XVI of the 
Social Security Act; and 
‘‘(bb) such person works the 
maximum number of hours per 
week allowable for eligibility for 
benefits under such program; or 
‘‘(v) is the head of household in a 
household that includes one or more de-
pendents, at least one of whom is at the 
time of the execution of the mortgage 5 
years of age or younger or is enrolled full- 
time in a school in a high tourism area. 
‘‘(D) LOAN LIMIT.—The original principal 
obligation of the mortgage shall comply with 
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the applicable dollar amount limitations under 
subsection (b)(2). 
‘‘(4) HIGH TOURISM AREA.—For purposes of 
this paragraph, the term ‘high tourism area’ means 
any a county that is designated as a high tourism 
county pursuant to section 5 of the Affordable 
Housing Regulation Simplification Act of 2012.’’. 
SEC. 4. FHA AUTHORITY FOR SPOT APPROVAL OF MORT-
GAGES FOR CONDOMINIUM UNITS. 
Section 234 of the National Housing Act (12 U.S.C. 
1715y) is amended by adding at the end the following new 
subsection: 
‘‘(l) AUTHORITY FOR SPOT APPROVALS.—In the case 
of individual mortgages for one-family units in a multi-
family project and an undivided interest in the common 
areas and facilities that serve the project and affordable 
workforce housing mortgages (as such term is defined in 
section 203(y)), the Secretary shall provide an approval 
process for insurance of such mortgages that does not re-
quire prior approval of the entire project or of the home-
owners association for the entire project.’’. 
SEC. 5. DETERMINATION OF HIGH TOURISM AREAS. 
The Secretary of Commerce shall, by notice issued 
not later than December 31, 2013— 
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