Page:United States Statutes at Large Volume 104 Part 5.djvu/1001

 PUBLIC LAW 101-625—NOV. 28, 1990 104 STAT. 4323 Trust Corporation under section 21A(c) of the Federal Home Loan Bank Act, the term of the contract pursuant to such section 8 shall be 240 months.". (d) MODIFICATION OF RTC DISPOSITION PROCEDURES FOR PROPERTIES RECEIVING HUD OR FMHA ASSISTANCE. — (1) IN GENERAL.— Section 21A(c)(6) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(c)(6)) is amended by adding at the end the following new subparagraph: " (D) EXCEPTION TO DISPOSITION RULES.— Notwithstanding the requirements under subparagraphs (A), (B), (C), (D), (F), and (G) of paragraph (3), the Corporation may provide for the disposition of eligible multifamily housing properties as necessary to facilitate purchase of such properties for use in connection with the section 202 of the Housing Act of 1959.". (2) CONFORMING AMENDMENT.—Section 21A(c)(3) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(c)(3)) is amended by inserting after "RULES GOVERNING DISPOSITION OF ELIGIBLE MULTIFAMILY HOUSING PROPERTIES.— " the following: "Except as provided under paragraph (6)(D), the Corporation shall dispose of eligible multifamily housing property as follows:". (e) EXEMPTION FROM PROJECT SIZE REQUIREMENT REGARDING SUP- PORT SERVICES FOR FRAIL ELDERLY.— Section 213(d)(l)(A) of the Housing and Community Development Act of 1974 (42 U.S.C. 1439(d)(l)(A)) is amended by inserting after the period at the end the following new sentence: "The preceding sentence shall not apply to projects acquired from the Resolution Trust Corporation under section 21A(c) of the Federal Home Loan Bank Act.". SEC. 805. CENTRALIZED APPLICATIONS FOR SECTION 202 HOUSING. Section 202 of the Housing Act of 1959 (42 U.S.C. ITOlq) is 12 USC iTOlq. amended by adding at the end the following new subsection: "(p) The Secretary shall provide to an appropriate agency in each area (which may be the applicable Area Agency on the Aging) information regarding the availability of housing assisted under this section.". SEC. 806. ELDER COTTAGE HOUSING UNITS. (a) EuGiBiLTTY FOR INSURANCE.— Section 2 of the National Housing Act (12 U.S.C. 1703) is amended by adding at the end the following new subsection: "(i) For purposes of this section, the term 'manufactured home' includes any elder cottage housing opportunity unit that is small, freestanding, barrier-free, energy efficient, removable, and designed to be installed adjacent to an existing 1- to 4-family dwelling.", (b) DEMONSTRATION PROGRAM.— 12 USC i70iq (1) IN GENERAL.— The Secretary of Housing and Urban Devel- "°*® opment shall carry out a program to determine the feasibility of including as an eligible development cost under section 202 of the Housing Act of 1959 the cost of purchasing and installing elder cottage housing opportunity units that are small, freestanding, barrier-free, energy efficient, removable, and designed to be installed adjacent to existing 1- to 4-family dwellings. In the conduct of the demonstration, the Secretary shall determine whether the durability of such units is appropriate for inclusion in the section 202 program.

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