Page:United States Statutes at Large Volume 104 Part 5.djvu/787

 PUBLIC LAW 101-625—NOV. 28, 1990 104 STAT. 4109 1937 to the selection of tenants for housing assisted under this subtitle; (C) provide matching resources in excess of funds required under section 220; and (D) stimulate a high degree of investment and participation in development by the private sector, including nonprofit organizations; and (3) the degree to which the applicant is pursuing policies that— (A) make existing housing more affordable; (B) remove or ameliorate any negative effects that public policies identified by the applicant pursuant to section 10503)(4) may have on the cost of housing or the incentives to develop, maintain, or improve affordable housing in the jurisdiction; (C) preserve the affordability of privately-owned housing that is vulnerable to conversion, demolition, disinvestment, or abandonment; (D) increase the supply of housing that is affordable to very low-income and low-income persons, particularly in areas that are accessible to expanding job opportunities; and (E) remedy the effects of discrimination and improve housing opportunities for disadvantaged minorities. (d) REALLOCATIONS.— (1) IN GENERAL.— The Secretary shall make any reallocations periodically throughout each fiscal year so as to ensure that all funds to be reallocated are made available to eligible jurisdictions as soon as possible, consistent with orderly program administration. Jurisdictions eligible for such reallocations shall include participating jurisdictions and jurisdictions meeting the requirements of paragraphs (3), (4), and (5) of section 216. (2) COMMITMENTS. —The Secretary shall establish procedures according to which participating jurisdictions may make commitments to invest funds made available under this section. Such procedures shall provide for appropriate stages of commitment of funds to a project from initisd reservation through binding commitment. Notwithstanding any other provision of this title, funds that the Secretary determines are needed to fulfill binding commitments shall not be available for reallocation. (3) LIMITATION. —Unless otherwise specified in this subtitle, any reallocation of funds from a State shall be made only among all participating States, and any reallocation of funds from units of general local government shall be made only among all participating units of general local government. SEC. 218. HOME INVESTMENT TRUST FUNDS. 42 USC 12748. (a) ESTABLISHMENT.—The Secretary shall establish for each participating jurisdiction a HOME Investment Trust Fund, which shall be an account (or accounts as provided in section 219(c)) for use solely to invest in affordable housing within the participating jurisdiction's boundaries in accordance with the provisions of this subtitle.

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