Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Public Housing Improvement Act of
1994''.

SEC. 2. REPEAL OF 1-FOR-1 REPLACEMENT REQUIREMENT.

(a) In General.--Section 18 of the United States Housing Act of
1937 (42 U.S.C. 1437p) is amended--
(1) in subsection (b)--
(A) in paragraph (1), by inserting ''and'' after
the semicolon at the end;
(B) in paragraph (2), by striking ''; and'' and
inserting a period; and
(C) by striking paragraph (3); and
(2) in subsection (c)--
(A) by striking the paragraph designation for
paragraph (1); and
(B) by striking paragraph (2).
(b) Effective Date.--The amendments under subsection (a) shall be
made and shall take effect on October 1, 1994.

SEC. 3. USE OF MODERNIZATION FUNDS FOR COST-EFFECTIVE NEW CONSTRUCTION.

Section 14 of the United States Housing Act of 1937 (42 U.S.C.
1437l) is amended--
(1) in subsection (a)(1), by inserting before the semicolon
the following: ''or replace existing public housing projects
whose physical condition is such that replacement units may be
newly constructed at a cost not greater than the cost of
improving such units'';
(2) in subsection (b)(1), by inserting after ''public
housing projects'' the following: ''(or replacing such projects
through new construction pursuant to subsection (f)(3))'';
(3) in subsection (d)--
(A) in paragraph (1)--
(i) by striking ''and'' before ''(B)''; and
(ii) by inserting before the semicolon at
the end the following: '', and (C) for any
project for which replacement through new
construction is proposed under subsection
(f)(3), the estimated cost of the physical
improvements to and replacements for the
project under this paragraph and paragraph (2)
and the estimated cost of the new
construction''; and
(B) in paragraph (4)(A)--
(i) in clause (i), by striking ''and'' at
the end; and
(ii) by adding at the end the following new
clause:
''(iii) to replace any projects through new
construction pursuant to subsection (f)(3);
and'';
(4) in subsection (e)(1)--
(A) in subparagraph (A)--
(i) in clause (ii), by striking ''and'' at
the end;
(ii) in clause (iii), by inserting ''and''
after the semicolon at the end; and
(iii) by inserting after clause (iii) the
following new clause:
''(iv) for any project for which
replacement through new construction is
proposed under subsection (f)(3), the estimated
cost of the physical improvements to and
replacements for the project under this
subparagraph and the estimated cost of the new
construction''; and
(B) in subparagraph (D)--
(i) in clause (i), by striking ''and'' at
the end;
(ii) by redesignating clause (ii) as clause
(iii); and
(iii) by inserting after clause (i) the
following new clause:
''(ii) to replace any projects through new
construction pursuant to subsection (f)(3);
and''; and
(5) in subsection (f), by adding at the end the following
new paragraph:
''(3) A public housing agency may use financial assistance received
under subsection (b) for development costs of new public housing
projects to replace a project otherwise eligible for assistance under
this section and for costs of demolition or disposition of such
projects replaced, but only if--
''(A) the sum of such development and demolition or
disposition costs does not exceed the sum of the costs of the
physical improvements necessary to the project replaced to meet
the standards established by the Secretary under subsection (j)
and the costs of replacement equipment systems and structural
elements that will be required during the ensuing 5-year
period; and
''(B) the public housing agency enters into an agreement
with the Secretary providing that the public housing developed
will comply with any requirements pursuant to this Act
applicable to public housing developed under a contract under
section 5 for contributions for development costs of public
housing.''.

SEC. 4. MANDATORY PRIVATE MANAGEMENT OF CHRONICALLY TROUBLED PUBLIC
HOUSING AGENCIES.

Section 6(j) of the United States Housing Act of 1937 (42 U.S.C.
1437d(j)) is amended--
(1) by redesignating paragraph (4) as paragraph (5); and
(2) by inserting after paragraph (3) the following new
paragraph:
''(4)(A) Notwithstanding any other provision of law or of any
contract for contributions, the Secretary shall transfer the management
of public housing projects owned or operated by a troubled public
housing agency to a private management entity selected by the Secretary
if, for any year--
''(i) the public housing is designated pursuant to
paragraph (2) as a troubled public housing agency: and
''(ii) for the preceding 5 years, the agency was designated
as a troubled public housing agency.
''(B) In selecting a private management entity to manage public
housing pursuant to this paragraph, the Secretary shall consult with
residents of the public housing (including any resident council for the
housing).
''(C) In transferring management of public housing under this
paragraph, the Secretary shall enter into a contract with the private
management entity. The contract shall meet the requirements of section
25(h)(1), shall provide for the private management entity to
periodically consult with residents of the housing (including any
resident council for the housing) regarding management of and living
conditions in the housing, and may make operating subsidies and funding
for capital improvements available to the private management entity
managing the public housing pursuant to this paragraph in the manner
provided under section 25 for managers of eligible housing (as such
term is defined in such section).
''(D) The provisions of section 25(j) relating to managers of
eligible housing under such section shall apply with respect to any
private management entity managing public housing pursuant to this
paragraph.
''(E) The Secretary shall transfer management of public housing
that was transferred to a private management agency under this
paragraph back to the public housing agency immediately upon the
removal of the designation of the agency as a troubled public housing
agency.''.
Output:
Public Housing Improvement Act of 1994 - Amends the United States Housing Act of 1937 to repeal the public housing demolition one-for-one replacement requirement.
Permits the use of modernization funds for cost-effective new construction.
Directs the Secretary of Housing and Urban Development to transfer the management of chronically troubled public housing agencies to private management.