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ties (including the planning and architectural design of the
rehabilitation) are administered by a resident management
corporation, the local housing and management authority
involved may not retain, for any administrative or other
reason, any portion of the assistance provided pursuant to
this subsection unless otherwise provided by contract.
(d) WAIVER OF FEDERAL REQUIREMENTS.—
(1) WAIVER OF REGULATORY REQUIREMENTS.—
Upon the request of any resident management cor-
poration and local housing and management author-
ity, and after notice and an opportunity to comment
is afforded to the affected residents, the Secretary may
waive (for both the resident management corporation
and the local housing and management authority)
any requirement established by the Secretary (and not
specified in any statute) that the Secretary deter-
mines to unnecessarily increase the costs or restrict
the income of a public housing development.
(2) WAIVER
TO
PERMIT
EMPLOYMENT.—Upon
the request of any resident management corporation,
the Secretary may, subject to applicable collective bar-
gaining agreements, permit residents of such develop-
ment to volunteer a portion of their labor.
(3) EXCEPTIONS.—The Secretary may not waive
under this subsection any requirement with respect to
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income eligibility for purposes of section 222, rental
payments under section 225, tenant or applicant pro-
tections, employee organizing rights, or rights of em-
ployees under collective bargaining agreements.
(e) OPERATING ASSISTANCE AND DEVELOPMENT IN-
COME.—
(1) CALCULATION
OF
OPERATING
SUBSIDY.—
Subject only to the exception provided in paragraph
(3), the amount grant amounts received under this
title by a local housing and management authority
used for operating costs under section 203(a)(2) that
is allocated to a public housing development managed
by a resident management corporation shall not be
less than per unit monthly amount of such assistance
used by the local housing and management authority
in the previous year, as determined on an individual
development basis.
(2) CONTRACT
REQUIREMENTS.—Any contract
for management of a public housing development en-
tered into by a local housing and management au-
thority and a resident management corporation shall
specify the amount of income expected to be derived
from the development itself (from sources such as
rents and charges) and the amount of income funds
to be provided to the development from the other
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sources of income of the authority (such as operating
assistance under section 203(a), interest income, ad-
ministrative fees, and rents).
(f) RESIDENT MANAGEMENT TECHNICAL ASSISTANCE
AND TRAINING.—
(1) FINANCIAL ASSISTANCE.—To the extent budg-
et authority is available under this title, the Secretary
shall provide financial assistance to resident manage-
ment corporations or resident councils that obtain, by
contract or otherwise, technical assistance for the de-
velopment of resident management entities, including
the formation of such entities, the development of the
management capability of newly formed or existing
entities, the identification of the social support needs
of residents of public housing developments, and the
securing of such support.
(2) LIMITATION ON ASSISTANCE.—The financial
assistance provided under this subsection with respect
to any public housing development may not exceed
$100,000.
(3) PROHIBITION.—A resident management cor-
poration or resident council may not, before the
award to the corporation or council of a grant
amount under this subsection, enter into any contract
or other agreement with any entity to provide such
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entity with amounts from the grant for providing
technical assistance or carrying out other activities el-
igible for assistance with amounts under this sub-
section. Any such agreement entered into in violation
of this paragraph shall be void and unenforceable.
(4) FUNDING.—Of any amounts made available
for financial assistance under this title, the Secretary
may use to carry out this subsection $15,000,000 for
fiscal year 1996.
(5) LIMITATION REGARDING ASSISTANCE UNDER
HOPE GRANT PROGRAM.—The Secretary may not pro-
vide financial assistance under this subsection to any
resident management corporation or resident council
with respect to which assistance for the development
or formation of such entity is provided under title III
of the United States Housing Act of 1937 (as in effect
before the date of the enactment of this Act).
(g) ASSESSMENT AND REPORT BY SECRETARY.—Not
later than 3 years after the date of the enactment of the
United States Housing Act of 1996, the Secretary shall—
(1) conduct an evaluation and assessment of
resident management, and particularly of the effect of
resident management on living conditions in public
housing; and
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(2) submit to the Congress a report setting forth
the findings of the Secretary as a result of the evalua-
tion and assessment and including any recommenda-
tions the Secretary determines to be appropriate.
(h) APPLICABILITY.—Any management contract be-
tween a local housing and management authority and a
resident management corporation that is entered into after
the date of the enactment of the Stewart B. McKinney
Homeless Assistance Amendments Act of 1988 shall be sub-
ject to this section and any regulations issued to carry out
this section.
Subtitle D—Homeownership
SEC. 251. RESIDENT HOMEOWNERSHIP PROGRAMS.
(a) IN GENERAL.—A local housing and management
authority may carry out a homeownership program in ac-
cordance with this section and the local housing manage-
ment plan of the authority to make public housing dwelling
units, public housing developments, and other housing
projects available for purchase by low-income families.
(b) PARTICIPATING UNITS.—A program under this
section may cover any existing public housing dwelling
units or projects, and may include other dwelling units and
housing owned, operated, or assisted, or otherwise acquired
for use under such program, by the local housing and man-
agement authority.
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(c) ELIGIBLE PURCHASERS.—
(1) LOW-INCOME REQUIREMENT.—Only low-in-
come families assisted by a local housing and man-
agement authority, other low-income families, and en-
tities formed to facilitate such sales shall be eligible
to purchase housing under a homeownership program
under this section.
(2) OTHER
REQUIREMENTS.—A local housing
and management authority may establish other re-
quirements or limitations for families to purchase
housing under a homeownership program under this
section, including requirements or limitations regard-
ing employment or participation in employment
counseling or training activities, criminal activity,
participation in homeownership counseling programs,
evidence of regular income, and other requirements.
(d) FINANCING AND ASSISTANCE.—A homeownership
program under this section may provide financing for ac-
quisition of housing by families purchasing under the pro-
gram or by the local housing and management authority
for sale under this program in any manner considered ap-
propriate by the authority (including sale to a resident
management corporation).
(e) DOWNPAYMENT REQUIREMENT.—
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(1) IN GENERAL.—Each family purchasing hous-
ing under a homeownership program under this sec-
tion shall be required to provide from its own re-
sources a downpayment in connection with any loan
for acquisition of the housing, in an amount deter-
mined by the local housing and management author-
ity. Except as provided in paragraph (2), the author-
ity shall permit the family to use grant amounts,
gifts from relatives, contributions from private
sources, and similar amounts as downpayment
amounts in such purchase,
(2) DIRECT
FAMILY
CONTRIBUTION.—In pur-
chasing housing pursuant to this section, each family
shall contribute an amount of the downpayment, from
resources of the family other than grants, gifts, con-
tributions, or other similar amounts referred to in
paragraph (1), that is not less than 1 percent of the
purchase price.
(f) OWNERSHIP INTERESTS.—A homeownership pro-
gram under this section may provide for sale to the pur-
chasing family of any ownership interest that the local
housing and management authority considers appropriate
under the program, including ownership in fee simple, a
condominium interest, an interest in a limited dividend co-