Page:United States Statutes at Large Volume 106 Part 5.djvu/199

 PUBLIC LAW 102-550 —OCT. 28, 1992 106 STAT. 3837 with respect to housing units in the same project in an economical and efficient manner. At the time the Secretary enters into a commitment to make or insure a loan under tiiis section the Secretary shall obligate amounts for assistance payments under section 521(a)(2) for the project, to the extent that such amounts are available and the Secretary determines such assistance is necessary for the market feasibility of the prmect.". (c) EQUITY CONTRIBUTION. —Section 515(r)(2) of the Housing Act of 1949 (42 U.S.C. 1485(r)(2)) is amended by inserting before the period at the end the following: ", except that the Secretary shall reauire a 5 percent contribution in the case of a project that is allocated a low-income housing tax credit pursuant to section 42 of the Internal Revenue Code of 1986". (d) UNIFORM PROJECT COSTS AND COORDINATION OF HOUSING RESOURCES AND TAX BENEFITS.— Section 515 of the Housing Act of 1949 (42 U.S.C. 1485) is amended by adding at the end the following new subsection: "(x) UNIFORM PROJECT COSTS; COORDINATION OF HOUSING RESOURCES AND TAX BENEFITS.—The Secretary shall— "(1) establish standard guidelines for State offices that describe allowable development costs which are required for development of all projectis under this section, without regard to whether the project was allocated a low-income housing tax credit; "(2) require each State to establish a process for coordinating the selection of projects under this section with the housing needs and priorities as established in a State comprehensive housing affordability strategy under section 105 of the Cranston-Gonzalez National Affordable Housing Act and a lowincome housing tax credit allocation plan under section 42 of the Internal Revenue Code of 1986; and "(3) develop, in consultation with housing credit agencies (as that term is defined under section 42 of the Internal Revenue Code of 1986), uniform procedures for identifying and sharing information on project costs, builder profit, identity of interests relationships, and other factors, as appropriate, with the relevant housing credit agency for projects that are allocated a low-income housing tax credit pursuant to section 42(h) of the Internal Revenue Code of 1986 for the purpose of achieving compliance with section 102(d) of the Department of Housing and Urban Development Reform Act of 1989 (42 U.S.C. 3546(d)).' '. (e) GRANTS FOR COSTS OF PROVIDING SERVICE COORDINATORS. — Section 515 of the Housing Act of 1949 (42 U.S.C. 1485), as amended by this section, is further amended by adding at the end the following new subsection: "(y) SERVICE COORDINATORS. — "(1) GRANTS.—The Secretary may make grants under this subsection, with respect to any project that the Secretary determines has a suffiaent number of frail elderly residents, for the cost of employing or otherwise retaining the services of one or more individuals to coordinate services provided to frail elderly residents of the project (in this subsection referred to as a 'service coordinator'), who shall be responsible for— "(A) assessing the supportive service needs of frail elderly residents of the project, based on objective criteria and interviews with such residents;

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