IIB 
110TH CONGRESS 
1ST SESSION H. R. 2930 
IN THE SENATE OF THE UNITED STATES 
DECEMBER 6, 2007 
Received; read twice and referred to the Committee on Banking, Housing, and 
Urban Affairs 
AN ACT 
To amend section 202 of the Housing Act of 1959 to improve 
the program under such section for supportive housing 
for the elderly, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE AND TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Section 202 Supportive Housing for the Elderly Act of 
2007’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title and table of contents. 
TITLE I—NEW CONSTRUCTION REFORMS 
Sec. 101. Project rental assistance. 
Sec. 102. Selection criteria. 
Sec. 103. Development cost limitations. 
Sec. 104. Owner deposits. 
Sec. 105. Definition of private nonprofit organization. 
Sec. 106. Preferences for homeless elderly. 
Sec. 107. Nonmetropolitan allocation. 
TITLE II—REFINANCING 
Sec. 201. Approval of prepayment of debt. 
Sec. 202. Sources of refinancing. 
Sec. 203. Use of unexpended amounts. 
Sec. 204. Use of project residual receipts. 
Sec. 205. Additional provisions. 
Sec. 206. Study of mortgage sale demonstration. 
TITLE III—ASSISTED LIVING FACILITIES 
Sec. 301. Definition of assisted living facility. 
Sec. 302. Monthly assistance payment under rental assistance. 
TITLE IV—FACILITATING AFFORDABLE HOUSING PRESERVATION 
TRANSACTIONS 
Sec. 401. Use of sale or refinancing proceeds. 
TITLE I—NEW CONSTRUCTION 
REFORMS 
SEC. 101. PROJECT RENTAL ASSISTANCE. 
Paragraph (2) of section 202(c) of the Housing Act 
of 1959 (12 U.S.C. 1701q(c)(2)) is amended— 
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(1) by inserting after ‘‘ASSISTANCE.—’’ the fol-
lowing: ‘‘(A) INITIAL PROJECT RENTAL ASSISTANCE 
CONTRACT.—’’; 
(2) in the last sentence, by striking ‘‘may’’ and 
inserting ‘‘shall’’; and 
(3) by adding at the end the following new sub-
paragraph: 
‘‘(B) RENEWAL OF AND INCREASES IN CON-
TRACT AMOUNTS.— 
‘‘(i) EXPIRATION OF CONTRACT TERM.— 
Upon the expiration of each contract term, the 
Secretary shall adjust the annual contract 
amount to provide for reasonable project costs, 
and any increases, including adequate reserves, 
supportive services, and service coordinators, 
except that any contract amounts not used by 
a project during a contract term shall not be 
available for such adjustments upon renewal. 
‘‘(ii) EMERGENCY
SITUATIONS.—In the 
event of emergency situations that are outside 
the control of the owner, the Secretary shall in-
crease the annual contract amount, subject to 
reasonable review and limitations as the Sec-
retary shall provide.’’. 
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