Page:United States Statutes at Large Volume 104 Part 5.djvu/794

 104 STAT. 4116 PUBLIC LAW 101-625—NOV. 28, 1990 42 USC 12773. SEC. 233. HOUSING EDUCATION AND ORGANIZATIONAL SUPPORT. (a) IN GENERAL.— The Secretary is authorized to provide education and organizational support assistance, in conjunction with other assistance made available under this subtitle— (1) to facilitate the education of low-income homeowners and tenants; and (2) to promote the ability of community housing development organizations to maintain, rehabilitate and construct housing for low-income and moderate-income families in conformance with the requirements of this title. (b) EuGiBLE ACTIVITIES.— Assistance under this section may be used only for the following eligible activities: (1) ORGANIZATIONAL SUPPORT. —Organizational support assistance may be made available to community housing development organizations to cover operational expenses and to cover expenses for training and technical, legal, engineering and other assistance to the board of directors, staff, and members of the community housing development organization. (2) HOUSING EDUCATION.— Housing education assistance may be made available to community housing development organizations to cover expenses for providing or administering programs for educating, counseling, or organizing homeowners and tenants who are eligible to receive assistance under other provisions of this title. (3) PROGRAM-WIDE SUPPORT OF NONPROFIT DEVELOPMENT AND MANAGEMENT.— Technical assistance, training, and continuing support may be made available to eligible community housing development organizations for managing and conserving properties developed under this title. (4) BENEVOLENT LOAN FUNDS. —Technical assistance may be made available to increase the investment of private capital in housing for very low-income families, particularly by encouraging the establishment of benevolent loan funds through which private financial institutions will accept deposits at belowmarket interest rates and make those funds available at favorable rates to developers of low-income housing and to lowincome homebuyers. (5) COMMUNITY DEVELOPMENT BANKS AND CREDIT UNIONS.— Technical assistance may be made available to establish privately owned, local community development banks and credit unions to finance affordable housing. Government (c) DEUVERY OF ASSISTANCE. — The Secretary shall provide this contracts. assistance only through contract— (1) with a nonprofit intermediary organization that, in the determination of the Secretary— (A) customarily provides, in more than one community, services related to the provision of decent housing that is affordable to low-income and moderate-income persons or the revitalization of deteriorating neighborhoods; (B) has demonstrated experience in providing a range of assistance (such as financing, technical assistance, construction and property management assistance, capacity building and trgiining) to community housing development organizations or similar organizations that engage in community revitalization;

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