Housing and Community Development Act of 1992/Title VIII/Subtitle B

. NEIGHBORHOOD REINVESTMENT CORPORATION.

 * (a) AUTHORIZATION OF APPROPRIATIONS—
 * The first sentence of section 608(a)(1) of the Neighborhood Reinvestment Corporation Act (42 U.S.C. 8107(a)) is amended to read as follows: `There are authorized to be appropriated to the corporation to carry out this title $29,476,000 for fiscal year 1993 and $30,713,992 for fiscal year 1994.´.


 * (b) EXPANDED PROGRAMS—
 * The matter preceding subparagraph (A) of section 608(a)(2) of the Neighborhood Reinvestment Corporation Act (42 U.S.C. 8107(a)(2)) is amended by striking `each of the fiscal years 1991 and 1992´ and inserting `any fiscal year´.

. NEIGHBORHOOD DEVELOPMENT PROGRAM.

 * (a) AUTHORIZATION—
 * Section 123(g) of the Housing and Urban-Rural Recovery Act of 1983 (42 U.S.C. 5318 note) is amended to read as follows:


 * ``(g) AUTHORIZATION— Of the amounts made available for assistance under section 103 of the Housing and Community Development Act of 1974, $1,000,000 for fiscal year 1993 (in addition to other amounts provided for such fiscal year) and $3,000,000 for fiscal year 1994 shall be available to carry out this section.´´.


 * (b) PERMANENT PROGRAM—
 * Section 123 of the Housing and Urban-Rural Recovery Act of 1983 (42 U.S.C. 5318 note) is amended—
 * (1) by striking the section heading and inserting the following new heading:


 * ``JOHN HEINZ NEIGHBORHOOD DEVELOPMENT PROGRAM´´;


 * (2) by striking `demonstration program´ each place it appears and inserting `program´;
 * (3) in subsection (b)(1), by striking `determine the feasibility of supporting´ and inserting `support´;
 * (4) in subsection (e)(3), by inserting after `year´ the following: `, except that, if appropriations for this section exceed $3,000,000, the Secretary may pay not more than $75,000 to any participating neighborhood development organization´;
 * (5) in subsection (e)(6)—
 * (A) in subparagraph (C), by inserting `and´ after the semicolon at the end;
 * (B) by striking subparagraph (D);
 * (C) by redesignating subparagraph (E) as subparagraph (D); and
 * (D) in subparagraph (D), as so redesignated, by striking `demonstration´ and inserting `program´;
 * (6) by striking subsection (f) and inserting the following new subsection:


 * ``(f) The Secretary shall submit a report to the Congress, not later than 3 months after the end of each fiscal year in which payments are made under this section, regarding the program under this section. The report shall contain a summary of the activities carried out under this section during such fiscal year and any findings, conclusions, and recommendations for legislation regarding the program.´´; and


 * (7) by adding at the end the following new subsection:


 * ``(h) SHORT TITLE— This section may be cited as the 'John Heinz Neighborhood Development Act'.´´.


 * (c) COMPLIANCE WITH CHAS AND COMMUNITY DEVELOPMENT PLANS—
 * Section 123(e)(5)(A) of the Housing and Urban-Rural Recovery Act of 1983 (42 U.S.C. 5318 note) is amended by striking `housing and community development plans of such unit´ and inserting `comprehensive housing affordability strategy of such unit approved under section 105 of the Cranston-Gonzalez National Affordable Housing Act or the statement of community development activities and community development plans of the unit submitted under section 104(m) of the Housing and Community Development Act of 1974´.


 * (d) ELIGIBLE NEIGHBORHOOD DEVELOPMENT ORGANIZATION—
 * Section 123(a)(2) of the Housing and Urban-Rural Recovery Act of 1983 (42 U.S.C. 5318 note) is amended—
 * (1) in subparagraph (A), by inserting `(i)´ after `(A)´;
 * (2) in subparagraph (E), by striking the period at the end and inserting `; or´;
 * (3) by redesignating subparagraphs (B) through (E) as clauses (ii) through (v), respectively; and
 * (4) by adding at the end the following new subparagraph:


 * ``(B) any facility that provides small entrepreneurial business with affordable shared support services and business development services and meets the requirements of subparagraph (A).´´.


 * (e) DEFINITIONS—
 * Section 123(a) of the Housing and Urban-Rural Recovery Act of 1983 (42 U.S.C. 5318 note) is amended—
 * (1) by striking subparagraph (2)(A)(iv) (as so redesignated by subsection (d) of this section) and inserting the following new clause:


 * ``(iv) an organization that operates within an area that—
 * ``(I) meets the requirements for Federal assistance under section 119 of the Housing and Community Development Act of 1974;
 * ``(II) is designated as an enterprise zone under Federal law;
 * ``(III) is designated as an enterprise zone under State law and recognized by the Secretary for purposes of this section as a State enterprise zone; or
 * ``(IV) is a qualified distressed community within the meaning of section 233(b)(1) of the Bank Enterprise Act of 1991; and´´;


 * (2) by redesignating paragraph (3) as paragraph (4); and
 * (3) by inserting before paragraph (4) (as so redesignated) the following new paragraph:


 * ``(3) The term 'neighborhood development funding organization' means—
 * ``(A) a depository institution the accounts of which are insured pursuant to the Federal Deposit Insurance Act or the Federal Credit Union Act, and any subsidiary (as such term is defined in section 3(w) of the Federal Deposit Insurance Act) thereof;
 * ``(B) a depository institution holding company and any subsidiary thereof (as such term is defined in section 3(w) of the Federal Deposit Insurance Act); or
 * ``(C) a company at least 75 percent of the common stock of which is owned by one or more insured depository institutions or depository institution holding companies.´´.


 * (f) COORDINATION WITH COMMUNITY DEVELOPMENT FUNDING ORGANIZATIONS—
 * Section 123 of the Housing and Urban-Rural Recovery Act of 1983 (42 U.S.C. 5318 note) is amended—
 * (1) in subsection (b)(1), by inserting `, and from neighborhood development funding organizations,´ after `neighborhoods´;
 * (2) in subsection (b)(3)—
 * (A) in subparagraph (B), by striking `and´ at the end;
 * (B) in subparagraph (C), by striking the period and inserting the following: `, especially in cooperation with a neighborhood development funding organization, except that an eligible neighborhood development organization shall be deemed to have the full benefit of the cooperation of a neighborhood development funding organization if the eligible neighborhood development organization—
 * ``(i) is located in an area described in subsection (a)(2)(A)(iv) that does not contain a neighborhood development funding organization; or
 * ``(ii) demonstrates to the satisfaction of the Secretary that it has been unable to obtain the cooperation of any neighborhood development funding organization in such area despite having made a good faith effort to obtain such cooperation; and´´; and
 * (C) by adding at the end the following new subparagraph:
 * ``(D) specify a strategy for increasing the capacity of the organization.´´;
 * (3) in subsection (c)(3), by inserting before the semicolon the following: `and by the extent of participation in the proposed activities by a neighborhood development funding organization that has a branch or office in the neighborhood, except that an eligible neighborhood development organization shall be deemed to have the full benefit of the participation of a neighborhood development funding organization if the eligible neighborhood development organization—
 * ``(A) is located in an neighborhood that does not contain a branch or office of a neighborhood development funding organization; or
 * ``(B) demonstrates to the satisfaction of the Secretary that it has been unable to obtain the participation of any neighborhood development funding organization that has a branch or office in the neighborhood despite having made a good faith effort to obtain such participation´´; and
 * (4) in subsection (e)(1), by inserting `, and from neighborhood development funding organizations,´ after `neighborhood´.


 * (g) ADMINISTRATIVE CHANGES—
 * Section 123 of the Housing and Urban-Rural Recovery Act of 1983 (42 U.S.C. 5318 note) is amended—
 * (1) in subsection (a)(2)(A)(iii), as so redesignated by subsection (d) of this section, by striking `three years´ and inserting `one year´; and
 * (2) in subsection (b)(2), by striking `Not more than 30 per centum´ and inserting `For fiscal year 1993 and thereafter, not more than 50 percent´.

. STUDY REGARDING HOUSING TECHNOLOGY RESEARCH.

 * (a) STUDY—
 * The Secretary of Housing and Urban Development, through the Assistant Secretary for Policy Development and Research, shall conduct a study of—
 * (1) the extent of Federal, other public, and private basic research in the United States in housing technology, including design and construction techniques and methodology, smart building technology, area and neighborhood planning, and other areas relating to the preservation and production of affordable housing and livable communities;
 * (2) the extent of competitiveness of the United States in the field of basic housing technology research in comparison with other countries that are substantially involved in trade with the United States, taking into consideration the balance of trade, the degree of government support of private research activities, and the degree of fragmentation of research; and
 * (3) the types of research projects regarding basic housing technology conducted by such other countries, the results of such research, and the extent of success in applying and marketing such results.


 * (b) REPORT—
 * The Secretary of Housing and Urban Development shall submit a report to the Congress describing the results of the study conducted under this section not later than September 30, 1993.

. DESIGNATION OF ENTERPRISE ZONES.

 * (a) IN GENERAL—
 * Section 701 of the Housing and Community Development Act of 1987 (42 U.S.C. 11501) is amended—
 * (1) in subsection (a)(4)(B), by striking `the effective date of the regulations described in subparagraph (A) occurs´ and inserting `the date of the enactment of the Housing and Community Development Act of 1992 occurs´; and
 * (2) in subsection (c)(3)(B), by striking `this Act´ and inserting `the Housing and Community Development Act of 1992´.


 * (b) REPORT—
 * Section 702 of the Housing and Community Development Act of 1987 (42 U.S.C. 11502) is amended by inserting `pursuant to the amendments made by section 834 of the Housing and Community Development Act of 1992´ before the first comma.