H. R. 2029—647 
SEC. 203. Sections 203 and 209 of division C of Public Law 
112–55 (125 Stat. 693–694) shall apply during fiscal year 2016 
as if such sections were included in this title, except that during 
such fiscal year such sections shall be applied by substituting 
‘‘fiscal year 2016’’ for ‘‘fiscal year 2011’’ and for ‘‘fiscal year 2012’’ 
each place such terms appear, and shall be amended to reflect 
revised delineations of statistical areas established by the Office 
of Management and Budget pursuant to 44 U.S.C. 3504(e)(3), 31 
U.S.C. 1104(d), and Executive Order No. 10253. 
SEC. 204. Except as explicitly provided in law, any grant, 
cooperative agreement or other assistance made pursuant to title 
II of this Act shall be made on a competitive basis and in accordance 
with section 102 of the Department of Housing and Urban Develop-
ment Reform Act of 1989 (42 U.S.C. 3545). 
SEC. 205. Funds of the Department of Housing and Urban 
Development subject to the Government Corporation Control Act 
or section 402 of the Housing Act of 1950 shall be available, without 
regard to the limitations on administrative expenses, for legal serv-
ices on a contract or fee basis, and for utilizing and making payment 
for services and facilities of the Federal National Mortgage Associa-
tion, Government National Mortgage Association, Federal Home 
Loan Mortgage Corporation, Federal Financing Bank, Federal 
Reserve banks or any member thereof, Federal Home Loan banks, 
and any insured bank within the meaning of the Federal Deposit 
Insurance Corporation Act, as amended (12 U.S.C. 1811–1). 
SEC. 206. Unless otherwise provided for in this Act or through 
a reprogramming of funds, no part of any appropriation for the 
Department of Housing and Urban Development shall be available 
for any program, project or activity in excess of amounts set forth 
in the budget estimates submitted to Congress. 
SEC. 207. Corporations and agencies of the Department of 
Housing and Urban Development which are subject to the Govern-
ment Corporation Control Act are hereby authorized to make such 
expenditures, within the limits of funds and borrowing authority 
available to each such corporation or agency and in accordance 
with law, and to make such contracts and commitments without 
regard to fiscal year limitations as provided by section 104 of 
such Act as may be necessary in carrying out the programs set 
forth in the budget for 2016 for such corporation or agency except 
as hereinafter provided: Provided, That collections of these corpora-
tions and agencies may be used for new loan or mortgage purchase 
commitments only to the extent expressly provided for in this 
Act (unless such loans are in support of other forms of assistance 
provided for in this or prior appropriations Acts), except that this 
proviso shall not apply to the mortgage insurance or guaranty 
operations of these corporations, or where loans or mortgage pur-
chases are necessary to protect the financial interest of the United 
States Government. 
SEC. 208. The Secretary of Housing and Urban Development 
shall provide quarterly reports to the House and Senate Committees 
on Appropriations regarding all uncommitted, unobligated, recap-
tured and excess funds in each program and activity within the 
jurisdiction of the Department and shall submit additional, updated 
budget information to these Committees upon request. 
SEC. 209. The President’s formal budget request for fiscal year 
2017, as well as the Department of Housing and Urban Develop-
ment’s congressional budget justifications to be submitted to the
H. R. 2029—648 
Committees on Appropriations of the House of Representatives and 
the Senate, shall use the identical account and sub-account struc-
ture provided under this Act. 
SEC. 210. A public housing agency or such other entity that 
administers Federal housing assistance for the Housing Authority 
of the county of Los Angeles, California, and the States of Alaska, 
Iowa, and Mississippi shall not be required to include a resident 
of public housing or a recipient of assistance provided under section 
8 of the United States Housing Act of 1937 on the board of directors 
or a similar governing board of such agency or entity as required 
under section (2)(b) of such Act. Each public housing agency or 
other entity that administers Federal housing assistance under 
section 8 for the Housing Authority of the county of Los Angeles, 
California and the States of Alaska, Iowa and Mississippi that 
chooses not to include a resident of public housing or a recipient 
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. 211. 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. 212. (a) Notwithstanding any other provision of law, sub-
ject to the conditions listed under this section, for fiscal years 
2016 and 2017, the Secretary of Housing and Urban Development 
may authorize the transfer of some or all project-based assistance, 
debt held or insured by the Secretary and statutorily required 
low-income and very low-income use restrictions if any, associated 
with one or more multifamily housing project or projects to another 
multifamily housing project or projects. 
(b) PHASED TRANSFERS.—Transfers of project-based assistance 
under this section may be done in phases to accommodate the 
financing and other requirements related to rehabilitating or con-
structing the project or projects to which the assistance is trans-
ferred, to ensure that such project or projects meet the standards 
under subsection (c). 
(c) The transfer authorized in subsection (a) is subject to the 
following conditions: 
(1) NUMBER AND BEDROOM SIZE OF UNITS.— 
(A) For occupied units in the transferring project: The 
number of low-income and very low-income units and the 
configuration (i.e., bedroom size) provided by the transfer-
ring project shall be no less than when transferred to 
the receiving project or projects and the net dollar amount 
of Federal assistance provided to the transferring project 
shall remain the same in the receiving project or projects. 
(B) For unoccupied units in the transferring project: 
The Secretary may authorize a reduction in the number 
of dwelling units in the receiving project or projects to 
allow for a reconfiguration of bedroom sizes to meet current 
market demands, as determined by the Secretary and pro-
vided there is no increase in the project-based assistance 
budget authority.
H. R. 2029—649 
(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 (d)(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, except that the Secretary may waive 
this requirement upon determination that such a waiver is 
necessary to facilitate the financing of acquisition, construction, 
and/or rehabilitation of the receiving project or projects. 
(8) If the transferring project meets the requirements of 
subsection (d)(2), 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) The transfer does not increase the cost (as defined 
in section 502 of the Congressional Budget Act of 1974, as 
amended) of any FHA-insured mortgage, except to the extent 
that appropriations are provided in advance for the amount 
of any such increased cost. 
(d) 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 
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;
H. R. 2029—650 
(E) housing that is assisted under section 811 of the 
Cranston-Gonzales National Affordable Housing Act; or 
(F) 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; 
(E) assistance payments made under section 202(c)(2) 
of the Housing Act of 1959; and 
(F) assistance payments made under section 811(d)(2) 
of the Cranston-Gonzalez National Affordable Housing Act; 
(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 low- 
income and very low-income use 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. 
(e) PUBLIC NOTICE AND RESEARCH REPORT.— 
(1) The Secretary shall publish by notice in the Federal 
Register the terms and conditions, including criteria for HUD 
approval, of transfers pursuant to this section no later than 
30 days before the effective date of such notice. 
(2) The Secretary shall conduct an evaluation of the 
transfer authority under this section, including the effect of 
such transfers on the operational efficiency, contract rents, 
physical and financial conditions, and long-term preservation 
of the affected properties. 
SEC. 213. (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— 
(1) is enrolled as a student at an institution of higher 
education (as defined under section 102 of the Higher Education 
Act of 1965 (20 U.S.C. 1002)); 
(2) is under 24 years of age; 
(3) is not a veteran; 
(4) is unmarried; 
(5) does not have a dependent child; 
(6) is not a person with disabilities, as such term is defined 
in section 3(b)(3)(E) of the United States Housing Act of 1937 
(42 U.S.C. 1437a(b)(3)(E)) and was not receiving assistance 
under such section 8 as of November 30, 2005; and