H. R. 2517—6
(b) FUNDING REQUIREMENTS.—In carrying out this section, the
Secretary shall ensure that not less than 50 percent of the funds
appropriated for the demonstration program each year are used
in conjunction with the disposition of either—
(1) multifamily properties owned by the Department; or
(2) multifamily properties securing mortgages held by the
Department.
(c) CONTRACT TERMS.—
(1) IN GENERAL.—Project-based assistance under this sec-
tion shall be provided pursuant to a contract entered into
by the Secretary and the owner of the eligible housing that—
(A) provides assistance for a term of not less than
60 months and not greater than 180 months; and
(B) provides for contract rents, to be determined by
the Secretary, which shall not exceed contract rents per-
mitted under section 8 of the United States Housing Act
of 1937, taking into consideration any costs for the
construction, rehabilitation, or acquisition of the housing.
(2) AMENDMENT TO SECTION 203.—Section 203 of the Hous-
ing and Community Development Amendments of 1978 (12
U.S.C. 1701z–11) is amended by adding at the end the following
new subsection:
‘‘(l) Project-based assistance in connection with the disposition
of a multifamily housing project may be provided for a contract
term of less than 15 years if such assistance is provided—
‘‘(1) under a contract authorized under section 6 of the
HUD Demonstration Act of 1993; and
‘‘(2) pursuant to a disposition plan under this section for
a project that is determined by the Secretary to be otherwise
in compliance with this section.’’.
(d) LIMITATION.—(1) The Secretary may not provide (or make
a commitment to provide) more than 50 percent of the funding
for housing financed by any single pension fund, except that this
limitation shall not apply if the Secretary, after the end of the
6-month period beginning on the date notice is issued under sub-
section (e)—
(A) determines that—
(i) there are no expressions of interest that are likely
to result in approvable applications in the reasonably
foreseeable future; or
(ii) any such expressions of interest are not likely to
use all funding under this section; and
(B) so informs the Committee on Banking, Finance and
Urban Affairs of the House of Representatives and the Commit-
tee on Banking, Housing, and Urban Affairs of the Senate.
(2) If the Secretary determines that there are expressions of
interest referred to in paragraph (1)(A)(ii), the Secretary may
reserve funding sufficient in the Secretary’s determination to fund
such applications and may use any remaining funding for other
pension funds in accordance with this section.
(e) IMPLEMENTATION.—The Secretary shall by notice establish
such requirements as may be necessary to carry out the provisions
of this section. The notice shall take effect upon issuance.
(f) APPLICABILITY OF ERISA.—Notwithstanding section 514(d)
of the Employee Retirement Income Security Act of 1974, nothing
in this section shall be construed to authorize any action or failure
to act that would constitute a violation of such Act.
H. R. 2517—7
(g) REPORT.—Not later than 3 months after the last day of
each fiscal year, the Secretary shall submit to the Committee on
Banking, Finance and Urban Affairs of the House of Representa-
tives and the Committee on Banking, Housing, and Urban Affairs
of the Senate a report summarizing the activities carried out under
this section during that fiscal year.
(h) ESTABLISHMENT
OF STANDARDS.—Mortgages secured by
housing assisted under this demonstration shall meet such stand-
ards regarding financing and securitization as the Secretary may
establish.
(i) GAO STUDY.—The Comptroller General of the United States
shall conduct a study evaluating the demonstration authorized
under this section and shall report its findings to the Committee
on Banking, Finance and Urban Affairs of the House of Representa-
tives and the Committee on Banking, Housing, and Urban Affairs
of the Senate not later than 3 months after the conclusion of
the demonstration.
(j) AUTHORIZATION OF APPROPRIATIONS.—There are authorized
to be appropriated $100,000,000 for fiscal year 1994 to carry out
this section.
(k) TERMINATION DATE.—The Secretary shall not enter into
any new commitment to provide assistance under this section after
September 30, 1998.
SEC. 7. NATIONAL COMMISSION ON MANUFACTURED HOUSING.
(a) EXTENSION OF COMMISSION.—Section 943(g) of the Cranston-
Gonzalez National Affordable Housing Act (Public Law 101–625;
104 Stat. 4415) is amended by striking ‘‘on October 1, 1993’’ and
inserting ‘‘on October 1, 1994’’.
(b) FINAL REPORT.—Section 943(d)(2) of the Cranston-Gonzalez
National Affordable Housing Act (Public Law 101–625; 104 Stat.
4414) is amended by striking ‘‘9 months after the Commission
is established pursuant to subsection (b)’’ and inserting ‘‘August
1, 1994’’.
(c) INTERIM REPORT.—Section 943(d) of the Cranston-Gonzalez
National Affordable Housing Act (Public Law 101–625; 104 Stat.
4414) is amended—
(1) by redesignating paragraph (2) (as amended by sub-
section (b) of this section) as paragraph (3); and
(2) by inserting after paragraph (1) the following new para-
graph:
‘‘(2) INTERIM REPORT.—Not later than March 1, 1994, the
Commission shall submit an interim report to the Secretary
and the Congress. The report shall describe the activities of
the Commission under paragraph (1) and shall contain any
information specified in such paragraph that is available to
the Commission and any evaluations and recommendations
specified in such paragraph that may be made by the Commis-
sion, at such time.’’.
(d) AUTHORIZATION OF APPROPRIATIONS.—Section 943(f) of the
Cranston-Gonzalez National Affordable Housing Act (Public Law
101–625; 104 Stat. 4415) is amended by inserting after the first
sentence the following new sentence: ‘‘There are authorized to be
appropriated for fiscal year 1994 such sums as may be necessary
to carry out this section.’’.
H. R. 2517—8
SEC. 8. RECIPROCITY IN APPROVAL OF HOUSING SUBDIVISIONS
AMONG FEDERAL AGENCIES.
(a) EXTENSION OF AUTHORITY.—Section 535(b) of the Housing
Act of 1949 (42 U.S.C. 1490o(b)) is amended by striking ‘‘June
15, 1993’’ and inserting ‘‘September 30, 1994’’.
(b) RETROACTIVITY.—An administrative approval of a housing
subdivision made after June 15, 1993, and before the date of the
enactment of this Act is approved and shall be considered to have
been lawfully made, but only if otherwise made in accordance
with the provisions of section 535(b) of the Housing Act of 1949.
SEC. 9. FHA INSURANCE AUTHORITY.
Section 531(b) of the National Housing Act (12 U.S.C. 1735f–
9(b)) is amended by striking ‘‘$65,905,824,960’’ and inserting
‘‘$110,165,000,000’’.
SEC. 10. GNMA GUARANTEE AUTHORITY.
Section 306(g)(2) of the National Housing Act (12 U.S.C.
1721(g)(2)) is amended by striking ‘‘$88,000,000,000’’ and inserting
‘‘$107,700,000,000’’.
SEC. 11. ADMINISTRATION OF SECTION 8 PROGRAM.
(a) ADMINISTRATIVE FEE.—Notwithstanding the second sentence
of section 8(q)(1) of the United States Housing Act of 1937, other
applicable law, or any implementing regulations and related
requirements, the fee for the ongoing costs of administering the
certificate and housing voucher programs under subsections (b)
and (o) of section 8 of such Act during fiscal year 1994 shall
be—
(1) not less than a fee calculated in accordance with the
fair market rents for Federal fiscal year 1993; or
(2) not more than—
(A) a fee calculated in accordance with section 8(q)
of such Act, except that such fee shall not be in excess
of 3.5 percent above the fee calculated in accordance with
paragraph (1); or
(B) to the extent approved in an appropriation Act,
a fee calculated in accordance with such section 8(q).
(b) STUDY.—
(1) IN
GENERAL.—The Secretary shall conduct a study
assessing the costs incurred by public housing agencies in
administering the voucher and certificate programs under sub-
sections (b) and (o) of section 8 of the United States Housing
Act of 1937.
(2) SPECIFIC REQUIREMENTS.—The study conducted under
this subsection shall—
(A) take into account variances in costs attributable
to the geographic area, the tenant population, and the
number of units covered by a public housing agency; and
(B) include an analysis of the costs associated with
Federal mandates, such as the family self-sufficiency pro-
gram, and such other factors that the Secretary determines
to be appropriate.
(3) SUBMISSION TO CONGRESS.—The Secretary shall submit
to the Congress a report containing the results of the study
conducted under this subsection in conjunction with the Depart-
ment of Housing and Urban Development’s 1994 legislative
recommendations.
H. R. 2517—9
SEC. 12. AMENDMENTS TO PUBLIC LAW 102–389.
(a) EXTENSION OF TIME.—Subject to appropriations made in
advance in an appropriations Act, title II of the Departments of
Veterans Affairs and Housing and Urban Development, and
Independent Agencies Appropriations Act, 1993 (Public Law 102–
389), is amended under the heading ‘‘Administrative Provisions’’
in the second undesignated paragraph by striking ‘‘October 1, 1993’’
and inserting ‘‘October 1, 1994’’.
(b) PROJECT-BASED ASSISTANCE.—Title II of the Departments
of Veterans Affairs and Housing and Urban Development, and
Independent Agencies Appropriations Act, 1993 (Public Law 102–
389), is amended under the heading ‘‘Administrative Provisions’’
in the ninth undesignated paragraph by inserting ‘‘(which may
be project-based assistance)’’ after ‘‘36 units’’.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.