Page:United States Statutes at Large Volume 105 Part 2.djvu/830

 105 STAT. 1782 PUBLIC LAW 102-233—DEC. 12, 1991 "(I) the provisions of clause (i) shall apply in the aggregate to the properties so purchased; except that "(ID to the extent or in such amounts as are provided in appropriations Acts for additional costs and losses to the Corporation resulting from this subclause taking effect, not less than (a) 40 percent of the aggregate number of all dwelling units purchased shall be made available for occupancy by and maintained as affordable for lower-income and very low-income families during the remaining useful life of the building property structure in which the units are located, (b) 20 percent of the aggregate number of all dwelling units purchased shall be made available for occupancy by and maintained as affordable for very low-income families during the remaining useful life of the building property structure in which the units are located, and (c) not less than 10 percent of the dwelling units in each separate property purchased shall be made available for occupancy by and maintained as affordable for lower-income families during the remaining useful life of the property in which the units are located. The requirements of this subparagraph shall be contained in the deed or other recorded instrument.". SEC. 608. EXTENSION OF RESTRICTED OFFER PERIOD FOR ELIGIBLE MULTIFAMILY HOUSING PROPERTY. Section 21A(c)(3) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(c)(3)) is amended— (1) by redesignating subparagraph (G) as subparagraph (H); and (2) by inserting after subparagraph (F) the following new subparagraph: "(G) EXTENSION OF RESTRICTED OFFER PERIODS.— Notwithstanding subparagraph (F), the Corporation may provide notice to clearinghouses regarding, and offer for sale under the provisions of subparagraphs (A) through (D), any eligible multifamily housing property— "(i) in which no qualifying multifamily purchaser has expressed serious interest during the period referred to in subparagraph (B), or "(ii) for which no qualifying multifamily purchaser has made a bona fide offer before the expiration of the period referred to in subparagraph (D), except that the Corporation may, in the discretion of the Corporation, alter the duration of the periods referred to in subparagraphs (B) and (D) in offering any property for sale under this subparagraph.". SEC. 609. SALE PRICE. Section 21A(c)(6)(A)(i) of Federal Home Loan Bank Act (12 U.S.C. 1441a(c)(6)(A)(i)) is amended to read as follows: "(i) SALE PRICE.—The Corporation shall establish a market value for each eligible multifamily housing

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