H. R. 1105—450 
of section 8 assistance on the board of directors or a similar gov-
erning board shall establish an advisory board of not less than 
six residents of public housing or recipients of section 8 assistance 
to provide advice and comment to the public housing agency or 
other administering entity on issues related to public housing and 
section 8. Such advisory board shall meet not less than quarterly. 
SEC. 213. (a) Notwithstanding any other provision of law, sub-
ject to the conditions listed in subsection (b), for fiscal years 2008 
and 2009, the Secretary of Housing and Urban Development may 
authorize the transfer of some or all project-based assistance, debt 
and statutorily required low-income and very low-income use 
restrictions, associated with one or more multifamily housing project 
to another multifamily housing project or projects. 
(b) The transfer authorized in subsection (a) is subject to the 
following conditions: 
(1) The number of low-income and very low-income units 
and the net dollar amount of Federal assistance provided by 
the transferring project shall remain the same in the receiving 
project or projects. 
(2) The transferring project shall, as determined by the 
Secretary, be either physically obsolete or economically non- 
viable. 
(3) The receiving project or projects shall meet or exceed 
applicable physical standards established by the Secretary. 
(4) The owner or mortgagor of the transferring project 
shall notify and consult with the tenants residing in the 
transferring project and provide a certification of approval by 
all appropriate local governmental officials. 
(5) The tenants of the transferring project who remain 
eligible for assistance to be provided by the receiving project 
or projects shall not be required to vacate their units in the 
transferring project or projects until new units in the receiving 
project are available for occupancy. 
(6) The Secretary determines that this transfer is in the 
best interest of the tenants. 
(7) If either the transferring project or the receiving project 
or projects meets the condition specified in subsection (c)(2)(A), 
any lien on the receiving project resulting from additional 
financing obtained by the owner shall be subordinate to any 
FHA-insured mortgage lien transferred to, or placed on, such 
project by the Secretary. 
(8) If the transferring project meets the requirements of 
subsection (c)(2)(E), the owner or mortgagor of the receiving 
project or projects shall execute and record either a continuation 
of the existing use agreement or a new use agreement for 
the project where, in either case, any use restrictions in such 
agreement are of no lesser duration than the existing use 
restrictions. 
(9) Any financial risk to the FHA General and Special 
Risk Insurance Fund, as determined by the Secretary, would 
be reduced as a result of a transfer completed under this 
section. 
(10) The Secretary determines that Federal liability with 
regard to this project will not be increased. 
(c) For purposes of this section— 
(1) the terms ‘‘low-income’’ and ‘‘very low-income’’ shall 
have the meanings provided by the statute and/or regulations
H. R. 1105—451 
governing the program under which the project is insured or 
assisted; 
(2) the term ‘‘multifamily housing project’’ means housing 
that meets one of the following conditions— 
(A) housing that is subject to a mortgage insured under 
the National Housing Act; 
(B) housing that has project-based assistance attached 
to the structure including projects undergoing mark to 
market debt restructuring under the Multifamily Assisted 
Housing Reform and Affordability Housing Act; 
(C) housing that is assisted under section 202 of the 
Housing Act of 1959 as amended by section 801 of the 
Cranston-Gonzales National Affordable Housing Act; 
(D) housing that is assisted under section 202 of the 
Housing Act of 1959, as such section existed before the 
enactment of the Cranston-Gonzales National Affordable 
Housing Act; or 
(E) housing or vacant land that is subject to a use 
agreement; 
(3) the term ‘‘project-based assistance’’ means— 
(A) assistance provided under section 8(b) of the United 
States Housing Act of 1937; 
(B) assistance for housing constructed or substantially 
rehabilitated pursuant to assistance provided under section 
8(b)(2) of such Act (as such section existed immediately 
before October 1, 1983); 
(C) rent supplement payments under section 101 of 
the Housing and Urban Development Act of 1965; 
(D) interest reduction payments under section 236 and/ 
or additional assistance payments under section 236(f)(2) 
of the National Housing Act; and 
(E) assistance payments made under section 202(c)(2) 
of the Housing Act of 1959; 
(4) the term ‘‘receiving project or projects’’ means the multi-
family housing project or projects to which some or all of 
the project-based assistance, debt, and statutorily required use 
low-income and very low-income restrictions are to be trans-
ferred; 
(5) the term ‘‘transferring project’’ means the multifamily 
housing project which is transferring some or all of the project- 
based assistance, debt and the statutorily required low-income 
and very low-income use restrictions to the receiving project 
or projects; and 
(6) the term ‘‘Secretary’’ means the Secretary of Housing 
and Urban Development. 
SEC. 214. The funds made available for Native Alaskans under 
the heading ‘‘Native American Housing Block Grants’’ in title III 
of this Act shall be allocated to the same Native Alaskan housing 
block grant recipients that received funds in fiscal year 2005. 
SEC. 215. No funds provided under this title may be used 
for an audit of the Government National Mortgage Association 
that makes applicable requirements under the Federal Credit 
Reform Act of 1990 (2 U.S.C. 661 et seq.). 
SEC. 216. (a) No assistance shall be provided under section 
8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) 
to any individual who—