H. R. 1105—452 
(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 
(7) is not otherwise individually eligible, or has parents 
who, individually or jointly, are not eligible, to receive assist-
ance under section 8 of the United States Housing Act of 
1937 (42 U.S.C. 1437f). 
(b) For purposes of determining the eligibility of a person 
to receive assistance under section 8 of the United States Housing 
Act of 1937 (42 U.S.C. 1437f), any financial assistance (in excess 
of amounts received for tuition) that an individual receives under 
the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), from 
private sources, or an institution of higher education (as defined 
under the Higher Education Act of 1965 (20 U.S.C. 1002)), shall 
be considered income to that individual, except for a person over 
the age of 23 with dependent children. 
SEC. 217. Notwithstanding the limitation in the first sentence 
of section 255(g) of the National Housing Act (12 U.S.C. 1715z– 
20(g)), the Secretary of Housing and Urban Development may, 
until September 30, 2009, insure and enter into commitments to 
insure mortgages under section 255 of the National Housing Act 
(12 U.S.C. 1715z–20). 
SEC. 218. Notwithstanding any other provision of law, in fiscal 
year 2009, in managing and disposing of any multifamily property 
that is owned or has a mortgage held by the Secretary of Housing 
and Urban Development, the Secretary shall maintain any rental 
assistance payments under section 8 of the United States Housing 
Act of 1937 and other programs that are attached to any dwelling 
units in the property. To the extent the Secretary determines, 
in consultation with the tenants and the local government, that 
such a multifamily property owned or held by the Secretary is 
not feasible for continued rental assistance payments under such 
section 8 or other programs, based on consideration of (1) the 
costs of rehabilitating and operating the property and all available 
Federal, State, and local resources, including rent adjustments 
under section 524 of the Multifamily Assisted Housing Reform 
and Affordability Act of 1997 (‘‘MAHRAA’’) and (2) environmental 
conditions that cannot be remedied in a cost-effective fashion, the 
Secretary may, in consultation with the tenants of that property, 
contract for project-based rental assistance payments with an owner 
or owners of other existing housing properties, or provide other 
rental assistance. The Secretary shall also take appropriate steps 
to ensure that project-based contracts remain in effect prior to 
foreclosure, subject to the exercise of contractual abatement rem-
edies to assist relocation of tenants for imminent major threats 
to health and safety. After disposition of any multifamily property 
described under this section, the contract and allowable rent levels 
on such properties shall be subject to the requirements under 
section 524 of MAHRAA.
H. R. 1105—453 
SEC. 219. During fiscal year 2009, in the provision of rental 
assistance under section 8(o) of the United States Housing Act 
of 1937 (42 U.S.C. 1437f(o)) in connection with a program to dem-
onstrate the economy and effectiveness of providing such assistance 
for use in assisted living facilities that is carried out in the counties 
of the State of Michigan notwithstanding paragraphs (3) and 
(18)(B)(iii) of such section 8(o), a family residing in an assisted 
living facility in any such county, on behalf of which a public 
housing agency provides assistance pursuant to section 8(o)(18) 
of such Act, may be required, at the time the family initially 
receives such assistance, to pay rent in an amount exceeding 40 
percent of the monthly adjusted income of the family by such 
a percentage or amount as the Secretary of Housing and Urban 
Development determines to be appropriate. 
SEC. 220. The Secretary of Housing and Urban Development 
shall report quarterly to the House of Representatives and Senate 
Committees on Appropriations on HUD’s use of all sole source 
contracts, including terms of the contracts, cost, and a substantive 
rationale for using a sole source contract. 
SEC. 221. Notwithstanding any other provision of law, the 
recipient of a grant under section 202b of the Housing Act of 
1959 (12 U.S.C. 1701q–2) after December 26, 2000, in accordance 
with the unnumbered paragraph at the end of section 202(b) of 
such Act, may, at its option, establish a single-asset nonprofit 
entity to own the project and may lend the grant funds to such 
entity, which may be a private nonprofit organization described 
in section 831 of the American Homeownership and Economic 
Opportunity Act of 2000. 
SEC. 222. (a) The amounts provided under the subheading 
‘‘Program Account’’ under the heading ‘‘Community Development 
Loan Guarantees’’ may be used to guarantee, or make commitments 
to guarantee, notes, or other obligations issued by any State on 
behalf of non-entitlement communities in the State in accordance 
with the requirements of section 108 of the Housing and Community 
Development Act of 1974: Provided, That, any State receiving such 
a guarantee or commitment shall distribute all funds subject to 
such guarantee to the units of general local government in non- 
entitlement areas that received the commitment. 
(b) Not later than 60 days after the date of enactment of 
this Act, the Secretary of Housing and Urban Development shall 
promulgate regulations governing the administration of the funds 
described under subsection (a). 
SEC. 223. Section 24 of the United States Housing Act of 
1937 (42 U.S.C. 1437v) is amended— 
(1) in subsection (m)(1), by striking ‘‘2003’’ and inserting 
‘‘2009’’; and 
(2) in subsection (o), by striking ‘‘September 30, 2007’’ 
and inserting ‘‘September 30, 2009’’. 
SEC. 224. (a) REQUIRED SUBMISSIONS FOR FISCAL YEARS 2008 
AND 2009.— 
(1) IN GENERAL.—Not later than 60 days after the date 
of enactment of this Act, the Secretary of Housing and Urban 
Development shall submit to the relevant authorizing commit-
tees and to the Committees on Appropriations of the Senate 
and the House of Representatives for fiscal years 2008 and 
2009—
H. R. 1105—454 
(A) a complete and accurate accounting of the actual 
project-based renewal costs for project-based assistance 
under section 8 of the United States Housing Act of 1937 
(42 U.S.C. 1437f); 
(B) revised estimates of the funding needed to fully 
fund all 12 months of all project-based contracts under 
such section 8, including project-based contracts that expire 
in fiscal year 2008 and fiscal year 2009; and 
(C) all sources of funding that will be used to fully 
fund all 12 months of the project-based contracts for fiscal 
years 2008 and 2009. 
(2) UPDATED INFORMATION.—At any time after the expira-
tion of the 60-day period described in paragraph (1), the Sec-
retary may submit corrections or updates to the information 
required under paragraph (1), if upon completion of an audit 
of the project-based assistance program under section 8 of the 
United States Housing Act of 1937 (42 U.S.C. 1437f), such 
audit reveals additional information that may provide Congress 
a more complete understanding of the Secretary’s implementa-
tion of the project-based assistance program under such section 
8. 
(b) REQUIRED SUBMISSIONS FOR FISCAL YEAR 2010.—As part 
of the Department of Housing and Urban Development’s budget 
request for fiscal year 2010, the Secretary of Housing and Urban 
Development shall submit to the relevant authorizing committees 
and to the Committees on Appropriations of the Senate and the 
House of Representatives complete and detailed information, 
including a project-by-project analysis, that verifies that such 
budget request will fully fund all project-based contracts under 
section 8 of the United States Housing Act of 1937 (42 U.S.C. 
1437f) in fiscal year 2010, including expiring project-based contracts. 
SEC. 225. Public housing agencies that own and operate 400 
or fewer public housing units may elect to be exempt from any 
asset management requirement imposed by the Secretary of 
Housing and Urban Development in connection with the operating 
fund rule: Provided, That an agency seeking a discontinuance of 
a reduction of subsidy under the operating fund formula shall 
not be exempt from asset management requirements. 
SEC. 226. With respect to the use of amounts provided in 
this Act and in future Acts for the operation, capital improvement 
and management of public housing as authorized by sections 9(d) 
and 9(e) of the United States Housing Act of 1937 (42 U.S.C. 
1437g(d) and (e)), the Secretary shall not impose any requirement 
or guideline relating to asset management that restricts or limits 
in any way the use of capital funds for central office costs pursuant 
to section 9(g)(1) or 9(g)(2) of the United States Housing Act of 
1937 (42 U.S.C. 1437g(g)(1), (2)): Provided, however, that a public 
housing agency may not use capital funds authorized under section 
9(d) for activities that are eligible under section 9(e) for assistance 
with amounts from the operating fund in excess of the amounts 
permitted under section 9(g)(1) or 9(g)(2). 
SEC. 227. The Secretary of Housing and Urban Development 
shall report quarterly to the House of Representatives and Senate 
Committees on Appropriations on the status of all section 8 project- 
based housing, including the number of all project-based units 
by region as well as an analysis of all federally subsidized housing 
being refinanced under the Mark-to-Market program. The Secretary