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‘‘(H) housing that is assisted under section 
811 of the Cranston-Gonzalez Affording Hous-
ing Act (42 U.S.C. 8013).’’. 
SEC. 229. The Home Investment Partnerships Act 
(42 U.S.C. 12721 et seq.) is amended— 
(1) in section 233(d)(1) by striking ‘‘20’’ and 
inserting ‘‘40’’; 
(2) in section 233(e) by striking ‘‘40’’ and in-
serting ‘‘25’’; 
(3) in section 243(b), in the second sentence, by 
striking ‘‘20’’ and inserting ‘‘40’’; and 
(4) in section 271(i) by striking ‘‘Act after De-
cember 31, 2007’’ and inserting ‘‘section after De-
cember 31, 2011’’. 
SEC. 230. No official or employee of the Department 
of Housing and Urban Development shall be designated 
as an allotment holder unless the Office of the Chief Fi-
nancial Officer has determined that such allotment holder 
has implemented an adequate system of funds control and 
has received training in funds control procedures and di-
rectives. The Chief Financial Officer shall ensure that, not 
later than 90 days after the date of enactment of this Act, 
a trained allotment holder shall be designated for each 
HUD subaccount under the headings ‘‘Executive Direc-
tion’’ and ‘‘Administration, Operations, and Management’’ 
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as well as each account receiving appropriations for ‘‘per-
sonnel compensation and benefits’’ within the Department 
of Housing and Urban Development. 
SEC. 231. Payment of attorney fees in program-re-
lated litigation must be paid from individual program of-
fice personnel benefits and compensation funding. The an-
nual budget submission for program office personnel ben-
efit and compensation funding must include program-re-
lated litigation costs for attorney fees as a separate line 
item request. 
SEC. 232. Of the unobligated balances remaining 
from funds appropriated under the heading ‘‘Tenant- 
Based Rental Assistance’’ under the Department of Hous-
ing and Urban Development Appropriations Act, 2008, 
$750,000,000 are rescinded from the $4,158,000,000 
which are available on October 1, 2008. Such amount shall 
be derived from reductions to public housing agencies’ cal-
endar year 2009 allocations based on amounts in public 
housing agencies’ net restricted assets accounts (in ac-
cordance with VMS data in calendar year 2008 that is 
verifiable and complete), as determined by the Secretary. 
SEC. 233. The Secretary of the Department of Hous-
ing and Urban Development shall for Fiscal Year 2009 
and thereafter, notify the public through the Federal Reg-
ister and other means, as determined appropriate, of the 
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issuance of a notice of the availability of assistance or no-
tice of funding availability (NOFA) for any program or 
discretionary fund administered by the Secretary that is 
to be competitively awarded. Notwithstanding any other 
provision of law, for Fiscal Year 2009 and thereafter, the 
Secretary may make the NOFA available only on the 
Internet at the appropriate government website or 
websites or through other electronic media, as determined 
by the Secretary. 
SEC. 234. PREPAYMENT AND REFINANCING. (a) AP-
PROVAL OF PREPAYMENT OF DEBT.—Upon request of the 
project sponsor of a project assisted with a loan under 
section 202 of the Housing Act of 1959 (as in effect before 
the enactment of the Cranston-Gonzalez National Afford-
able Housing Act), for which the Secretary’s consent to 
prepayment is required, the Secretary shall approve the 
prepayment of any indebtedness to the Secretary relating 
to any remaining principal and interest under the loan as 
part of a prepayment plan under which— 
(1) the project sponsor agrees to operate the 
project until the maturity date of the original loan 
under terms at least as advantageous to existing and 
future tenants as the terms required by the original 
loan agreement or any project-based rental assist-
ance payments contract under section 8 of the 
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United States Housing Act of 1937 (or any other 
project-based rental housing assistance programs of 
the Department of Housing and Urban Develop-
ment, including the rent supplement program under 
section 101 of the Housing and Urban Development 
Act of 1965 (12 U.S.C. 1701s)) or any successor 
project-based rental assistance program, except as 
provided by subsection (a)(2)(B); and 
(2) the prepayment may involve refinancing of 
the loan if such refinancing results — 
(A) in a lower interest rate on the prin-
cipal of the loan for the project and in reduc-
tions in debt service related to such loan; or 
(B) in the case of a project that is assisted 
with a loan under such section 202 carrying an 
interest rate of 6 percent or lower, a trans-
action under which 
(i) the project owner shall address the 
physical needs of the project; 
(ii) the prepayment plan for the trans-
action, including the refinancing, shall 
meet a cost benefit analysis, as established 
by the Secretary, that the benefit of the 
transaction outweighs the cost of the 
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transaction including any increases in rent 
charged to unassisted tenants; 
(iii) the overall cost for providing 
rental assistance under section 8 for the 
project (if any) is not increased, except, 
upon approval by the Secretary to— 
(I) mark-up-to-market contracts 
pursuant to section 524(a)(3) of the 
Multifamily Assisted Housing Reform 
and Affordability Act (42 U.S.C. 
1437f note), as such section is carried 
out by the Secretary for properties 
owned by nonprofit organizations; or 
(II) mark-up-to-budget contracts 
pursuant to section 524(a)(4) of the 
Multifamily Assisted Housing Reform 
and Affordability Act (42 U.S.C. 
1437f note), as such section is carried 
out by the Secretary for properties 
owned by eligible owners ( as such 
term is defined in section 202(k) of 
the Housing Act of 1959 (12 U.S.C. 
1701q(k)); 
(iv) the project owner may charge ten-
ants rent sufficient to meet debt service 
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