Page:United States Statutes at Large Volume 104 Part 5.djvu/949

 PUBLIC LAW 101-625—NOV. 28, 1990 104 STAT. 4271 "(b) APPROVAL.— State preservation plans shall be submitted in such form and in accordance with such procedures as the Secretary shall establish. The Secretary may approve plans that contain— "(1) an inventory of low-income housing located within the State that is or will be eligible low-income housing under this subtitle within 5 years; "(2) a description of the agency's experience in the area of multifamily financing and restructuring; "(3) a description of the administrative resources that the agency will commit to the processing of plans of action in accordance with this subtitle; "(4) a description of the administrative resources that the agency will commit to the monitoring of approved plans of action in accordance with this subtitle; "(5) an independent analysis of the performance of the multifamily housing inventory financed or otherwise monitored by the agency; "(6) 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 within which the eligible low-income housing is located; and "(7) such other certifications or information that the Secretary determines to be necessary or appropriate to achieve the purposes of this subtitle. "(c) IMPLEMENTATION AGREEMENTS.—The Secretary may enter into any agreements necessary to implement an approved State preservation plan, which may include incentives that are authorized under other provisions of this subtitle. "SEC. 228. CONSULTATIONS WITH OTHER INTERESTED PARTIES. 12 USC 4118. "The Secretary shall confer with any appropriate State or local government agency to confirm any State or local assistance that is available to achieve the purposes of this title and shall give consideration to the views of any such agency when making determinations under this subtitle. The Secretary shall also confer with appropriate interested parties that the Secretary believes could assist in the development of a plan of action that best achieves the purposes of this subtitle. "SEC. 229. DEFINITIONS. 12 USC 4119. "For purposes of this subtitle: "(1) The term 'eligible low-income housing' means any housing financed by a loan or mortgage— "(A) that is— "(i) insured or held by the Secretary under section 221(d)(3) of the National Housing Act and assisted under section 101 of the Housing and Urban Development Act of 1965 or section 8 of the United States Housing Act of 1937; "(ii) insured or held by the Secretary and bears interest at a rate determined under the proviso of section 221(d)(5) of the National Housing Act; "(iii) insured, assisted, or held by the Secretary or a State or State agency under section 236 of the National Housing Act; or.

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