HR 1105 PCS 
with the appropriation for ‘‘Rural Development, Salaries 
and Expenses’’. 
RENTAL ASSISTANCE PROGRAM 
For rental assistance agreements entered into or re-
newed pursuant to the authority under section 521(a)(2) 
or agreements entered into in lieu of debt forgiveness or 
payments for eligible households as authorized by section 
502(c)(5)(D) of the Housing Act of 1949, $902,500,000, 
to remain available through September 30, 2010; and, in 
addition, such sums as may be necessary, as authorized 
by section 521(c) of the Act, to liquidate debt incurred 
prior to fiscal year 1992 to carry out the rental assistance 
program under section 521(a)(2) of the Act: Provided, 
That of this amount, up to $5,958,000 shall be available 
for debt forgiveness or payments for eligible households 
as authorized by section 502(c)(5)(D) of the Act, and not 
to exceed $50,000 per project for advances to nonprofit 
organizations or public agencies to cover direct costs 
(other than purchase price) incurred in purchasing 
projects pursuant to section 502(c)(5)(C) of the Act: Pro-
vided further, That of this amount not less than 
$2,030,000 is available for newly constructed units fi-
nanced by section 515 of the Housing Act of 1949, and 
not less than $3,400,000 is for newly constructed units 
financed under sections 514 and 516 of the Housing Act 
of 1949: Provided further, That rental assistance agree-
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ments entered into or renewed during the current fiscal 
year shall be funded for a one-year period: Provided fur-
ther, That any unexpended balances remaining at the end 
of such one-year agreements may be transferred and used 
for the purposes of any debt reduction; maintenance, re-
pair, or rehabilitation of any existing projects; preserva-
tion; and rental assistance activities authorized under title 
V of the Act: Provided further, That rental assistance pro-
vided under agreements entered into prior to fiscal year 
2009 for a farm labor multi-family housing project fi-
nanced under section 514 or 516 of the Act may not be 
recaptured for use in another project until such assistance 
has remained unused for a period of 12 consecutive 
months, if such project has a waiting list of tenants seek-
ing such assistance or the project has rental assistance 
eligible tenants who are not receiving such assistance: Pro-
vided further, That such recaptured rental assistance shall, 
to the extent practicable, be applied to another farm labor 
multi-family housing project financed under section 514 
or 516 of the Act. 
MULTI-FAMILY HOUSING REVITALIZATION PROGRAM 
ACCOUNT 
For the rural housing voucher program as authorized 
under section 542 of the Housing Act of 1949, but not-
withstanding subsection (b) of such section, for the cost 
to conduct a housing demonstration program to provide 
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revolving loans for the preservation of low-income multi- 
family housing projects, and for additional costs to con-
duct a demonstration program for the preservation and 
revitalization of multi-family rental housing properties de-
scribed in this paragraph, $27,714,000, to remain avail-
able until expended: Provided, That of the funds made 
available under this heading, $4,965,000 shall be available 
for rural housing vouchers to any low-income household 
(including those not receiving rental assistance) residing 
in a property financed with a section 515 loan which has 
been prepaid after September 30, 2005: Provided further, 
That the amount of such voucher shall be the difference 
between comparable market rent for the section 515 unit 
and the tenant paid rent for such unit: Provided further, 
That funds made available for such vouchers shall be sub-
ject to the availability of annual appropriations: Provided 
further, That the Secretary shall, to the maximum extent 
practicable, administer such vouchers with current regula-
tions and administrative guidance applicable to section 8 
housing vouchers administered by the Secretary of the De-
partment of Housing and Urban Development (including 
the ability to pay administrative costs related to delivery 
of the voucher funds): Provided further, That if the Sec-
retary determines that the amount made available for 
vouchers in this or any other Act is not needed for vouch-
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ers, the Secretary may use such funds for the demonstra-
tion programs for the preservation and revitalization of 
multi-family rental housing properties described in this 
paragraph: Provided further, That of the funds made avail-
able under this heading, $2,889,000 shall be available for 
the cost of loans to private non-profit organizations, or 
such non-profit organizations’ affiliate loan funds and 
State and local housing finance agencies, to carry out a 
housing demonstration program to provide revolving loans 
for the preservation of low-income multi-family housing 
projects: Provided further, That loans under such dem-
onstration program shall have an interest rate of not more 
than 1 percent direct loan to the recipient: Provided fur-
ther, That the Secretary may defer the interest and prin-
cipal payment to the Rural Housing Service for up to 3 
years and the term of such loans shall not exceed 30 years: 
Provided further, That of the funds made available under 
this heading, $19,860,000 shall be available for a dem-
onstration program for the preservation and revitalization 
of the section 514, 515, and 516 multi-family rental hous-
ing properties to restructure existing USDA multi-family 
housing loans, as the Secretary deems appropriate, ex-
pressly for the purposes of ensuring the project has suffi-
cient resources to preserve the project for the purpose of 
providing safe and affordable housing for low-income resi-
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dents and farm laborers including reducing or eliminating 
interest; deferring loan payments, subordinating, reducing 
or reamortizing loan debt; and other financial assistance 
including advances, payments and incentives (including 
the ability of owners to obtain reasonable returns on in-
vestment) required by the Secretary: Provided further, 
That the Secretary shall as part of the preservation and 
revitalization agreement obtain a restrictive use agreement 
consistent with the terms of the restructuring: Provided 
further, That if the Secretary determines that additional 
funds for vouchers described in this paragraph are needed, 
funds for the preservation and revitalization demonstra-
tion program may be used for such vouchers: Provided fur-
ther, That the Secretary may use any unobligated funds 
appropriated for the rural housing voucher program in a 
prior fiscal year to support information technology activi-
ties of the Rural Housing Service to the extent the Sec-
retary determines that additional funds are not needed for 
this fiscal year to provide vouchers described in this para-
graph: Provided further, That if Congress enacts legisla-
tion to permanently authorize a section 515 multi-family 
rental housing loan restructuring program similar to the 
demonstration program described herein, the Secretary 
may use funds made available for the demonstration pro-
gram under this heading to carry out such legislation with 
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