(A) in subsection (a), by inserting ‘‘(except
section 613)’’ after ‘‘chapter’’; and
(B) in subsection (b), by inserting ‘‘as de-
fined in section 601(2)’’ before the period at
the end of the first sentence.
TITLE III—RESIDENT MANAGE-
MENT AND HOMEOWNERSHIP
INCENTIVES
SEC. 301. ENTERPRISE ZONE OPPORTUNITY GRANTS.
(a) IN GENERAL.—Section 186 of the Housing and
Community Development Act of 1992 (42 U.S.C. 12898a)
is amended by striking the section designation and the sec-
tion heading and inserting the following:
‘‘SEC. 186. ENTERPRISE ZONE GRANTS.’’
(b) STATEMENT OF PURPOSE.—Section 186(a) of the
Housing and Community Development Act of 1992 (42
U.S.C. 12898a(a)) is amended—
(1) in paragraph (2), by striking ‘‘and’’ at the
end;
(2) in paragraph (3)—
(A) by striking ‘‘federally approved and
equivalent State-approved’’; and
(B) by striking the period at the end and
inserting ‘‘; and’’; and
(3) by adding at the end the following new
paragraph:
‘‘(4) to encourage the development of resident
management corporations and resident councils in
enterprise zones.’’
(c) DEFINITIONS.—Section 186(b) of the Housing
and Community Development Act of 1992 (42 U.S.C.
12898a(b)) is amended by adding at the end the following
new paragraphs:
‘‘(7) ENTERPRISE ZONE.—The term ‘enterprise
zone’ means an area designated as an enterprise
community or an empowerment zone under section
1391 of the Internal Revenue Code of 1986.
‘‘(8) RESIDENT MANAGEMENT CORPORATION.—
The term ‘resident management corporation’ has the
same meaning as in section 24(h) of the United
States Housing Act of 1937.’’
(d) ASSISTANCE TO NONPROFIT ORGANIZATIONS.—
Section 186(c)(1) of the Housing and Community Devel-
opment Act of 1992 (42 U.S.C. 12898a(c)(1)) is amended
to read as follows:
‘‘(1) IN GENERAL.—In carrying out this sec-
tion, the Secretary may make grants to nonprofit or-
ganizations—
‘‘(A) to carry out enterprise zone home-
ownership opportunity programs to promote
homeownership in enterprise zones in accord-
ance with this section; and
‘‘(B) to promote the development of resi-
dent management corporations in enterprise
zones.’’
(e) ELIGIBLE USES OF ASSISTANCE.—Section 186(d)
of the Housing and Community Development Act of 1992
(42 U.S.C. 12898a(d)) is amended—
(1) in paragraph (1)—
(A) by striking ‘‘assistance to provide’’ and
inserting the following: ‘‘assistance to—
‘‘(A) provide’’;
(B) by striking the period at the end and
inserting ‘‘; and’’; and
(C) by adding at the end the following:
‘‘(B) to promote the development of resi-
dent management corporations in enterprise
zones.’’; and
(2) in paragraph (2), by striking ‘‘under this
subsection’’ 
and 
inserting 
‘‘under 
paragraph
(1)(A)’’.
(f) PROGRAM REQUIREMENTS.—Section 186(e) of
the Housing and Community Development Act of 1992
(42 U.S.C. 12898a(e)) is amended—
(1) in paragraph (2), by striking ‘‘under this
section’’ and inserting ‘‘under subsection (d)(1)(A)’’;
and
(2) in paragraph (3), by striking ‘‘federally ap-
proved or State-approved’’.
(g) TERMS AND CONDITIONS OF ASSISTANCE.—Sec-
tion 186(f)(2) of the Housing and Community Develop-
ment Act of 1992 (42 U.S.C. 12898a(f)(2)) is amended
by striking ‘‘under this section’’ and inserting ‘‘under sub-
section (c)(1)(A)’’.
(h) 
PROGRAM
SELECTION
CRITERIA.—Section
186(g)(1) of the Housing and Community Development
Act of 1992 (42 U.S.C. 12898a(g)(1)) is amended by
striking ‘‘under this section’’ and inserting ‘‘under sub-
section (d)(1)(A)’’.
(i) AUTHORIZATION OF APPROPRIATIONS.—Section
186(i) of the Housing and Community Development Act
of 1992 (42 U.S.C. 12898a(i)) is amended to read as fol-
lows:
‘‘(i) AUTHORIZATION OF APPROPRIATIONS.—There
are authorized to be appropriated to carry out this
section—
‘‘(1) $100,000,000 for fiscal year 1997; and
‘‘(2) such sums as may be necessary for each
of fiscal years 1998, 1999, and 2000.’’
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