Page:United States Statutes at Large Volume 102 Part 4.djvu/295

 PUBLIC LAW 100-628—NOV. 7, 1988

102 STAT. 3265

"(i) the owner or prospective owner agrees to construct the structure other than with assistance under this Act and otherwise complies with the requirements of this section; and "(ii) the aggr^ate assistance provided by the public housing agency pursuant to this subparagraph and the last sentence of subparagraph (A) does not exceed 15 percent of the assistance provided by the public housing agency.'. (2) REGULATIONS.—To implement the amendments made by 42 USC 1437f this subsection, the Secretmy of Housii^ and Urban Develop- note. ment shall issue r^ulations that take effect not later than 90 days after the date of the enactment of this Act. (c) RENEWAL OF CONTRACTS.—Section 8(d)(2) of the United States Housing Act of 1937 (42 U.S.C. 1437f(dK2)) (as amended by subsection (b) of tibis section) is further amended by adding at the end the following new subparagraph: "(C) Any contract for assistance payments that is attached to a structure under this paragraph shall (at the option of the public housing agency but subject to available funds) be renewable for 2 additional 5-year terms, except that the aggregate term of the initial contract and renewals shall not exceed 15 years.". (d) EXCEPTION TO 15 PERCENT LIMITATION.— (1) ALTOONA, PENNSYLVANIA.—The Secretary of Housing and

Aged persons.

Urban Development, in accordance with paragraph (2) of section 8(d) of the United States Housing Act of 1937 (42 U.S.C. 1437f(d)) but without r^ard to the 15 percent limitation set forth in such paragraph, shall permit the attachment of contracts for assistance payments to the facility located in Altoona, Pennsylvania, that is the Penn Alto Hotel and will include not less than 140 units of housing for the elderly. (2) MINNEAPOLIS, MINNESOTA.—Any tenant who is on the

waiting list for dwellings in the Cedar Square West Project in Minneapolis, Minnesota, or is living in an overcrowded dwelling in the project, shall be given preference for the 250 projectbased certUicates under section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) that, before the date of the enad> ment of this Act, were offered in settlement for a lawsuit, notwithstanding section 8(d)(l)(A) of such Act. The Secretary of Contracts Housing and Urban Development, in accordance with paragraph (2) of section 8(d) of the United States Housing Act of 1937 (42 U.S.C. 1437f(d)) but without regard to the 15 percent limitation set forth in such paragraph, shall permit the attachment of contracts for assistance payments to structures to the extent necessary to provide the assistance for such 250 certificates. SEC 1006. SECTION 8 ASSISTANCE FOR RESIDENTS REHABILITATION PROJECTS.

OF RENTAL

Section 8(u) of the United States Housing Act of 1937 (42 U.S.C. 1437f(u)) is amended— (1) by striking "and" at the end of paragraph (1); (2) by striking the period at the end of paragraph (2) and inserting "; and, and (3) by adding at the end the following new paragraph: "(3) the Secretary shall allocate assistance for certificates or vouchers under this section to ensure that sufficient resources are available to address the physical or economic displacement, or potential economic displacement, of existing tenants pursuant to paragraphs (1) and (2).".

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