Page:United States Statutes at Large Volume 104 Part 5.djvu/830

 104 STAT. 4152 PUBLIC LAW 101-625—NOV. 28, 1990 fying reasonable schedules for carrying it out, and demonstrating that the program will comply with the affordability requirements under section 304(b); "(E) identification and description of the public housing project or projects involved, and a description of the composition of the tenants, including family size and income; "(F) a description of and commitment for the resources that are expected to be made available to provide the matching funding required under subsection (c) and of other resources that are expected to be made available in support of the homeownership program; "(G) identification and description of the financing proposed for any (i) rehabilitation and (ii) acquisition (I) of the property, where applicable, by a resident council or other entity for transfer to eligible families, and (II) by eligible families of ownership interests in, or shares representing, units in the project; "(H) if the applicant is not a public housing agency, the proposed sales price, if any, the basis for such price determination, and terms to the applicant; "(I) the estimated sales prices, if any, and terms to eligible families; "(J) any proposed restrictions on the resale of units under a homeownership program; "(K) identification and description of the entity that will operate and manage the property; "(L) a certification by the public official responsible for submitting the comprehensive housing affordability strategy under section 105 of the Cranston-Gonzalez National Affordable Housing Act that the proposed activities are consistent with the approved housing strategy of the State or unit of general local government within which the project is located (or, during the first 12 months after enactment of the Cranston-Gonzalez National Affordable Housing Act, that the application is consistent with such other existing State or local housing plan or strategy that the Secretary shall determine to be appropriate); and "(M) a certification that the applicant will comply with the requirements of the Fair Housing Act, title VI of the Civil Rights Act of 1964, section 504 of the Rehabilitation Act of 1973, and the Age Discrimination Act of 1975, and will affirmatively further fair housing. "(e) SELECTION CRITERIA.— The Secretary shall establish selection criteria for a national competition for assistance under this section, which shall include— "(1) the ability of the applicant to develop and carry out the proposed homeownership program, taking into account the quality of any related ongoing program of the applicant, and the extent of tenant interest in the development of a homeownership program and community support; "(2) the feasibility of the homeownership program; "(3) the extent to which current tenants and other eligible families will be able to afford the purchase; "(4) the quality and viability of the proposed homeownership program, including the viability of the economic self-sufficiency plan;

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