Page:United States Statutes at Large Volume 107 Part 2.djvu/196

 107 STAT. 1148 PUBLIC LAW 103-120—OCT. 27, 1993 42 USC 9816 note. Effective date. 42 USC 12724. 42 USC 1437f note. tive project funding under subsection (d). All funds shall remain available until expended. (g) REPEAL.—This section shall be repealed effective on October 1, 1994. SEC. 3. MOVING TO OPPORTUNITIES. Section 152(e) of the Housing and Community Development Act of 1992 (42 U.S.C. 1437f note) is amended in the first sentence by striking "$52,100,000" and inserting "$165,000,000". SEC. 4. CAPACITY BUILDING FOR COMMUNITY DEVELOPMENT AND AFFORDABLE HOUSING. (a) IN GENERAL.—The Secretary is authorized to provide assistance tjirough the National Community Development Initiative to develop the capacity and ability of community development corporations and community housing development organizations to undertake community development and anordable hoiising projects and programs. (b) FORM OF ASSISTANCE. — Assistance under this section may be used for— (1) training, education, support, and advice to enhance the technical and administrative capabilities of community development corporations and community housing development organizations; (2) loans, grants, or predevelopment assistance to community development corporations and community housing development organizations to carry out community development and affordable housing activities that benefit low-income families; and (3) such other activities as may be determined by the National Community Development Initiative in consultation with the Secretary. (c) MATCHING REQUIREMENT. — Assistance provided under this section shall be matched from private sources in an amount equal to 3 times the amount made available under this section. (d) IMPLEMENTATION.— The Secretary shall by notice establish such requirements as may be necessary to carry out the provisions of this section. The notice shall take effect upon issuance. (e) AUTHORIZATION.—There are authorized to be appropriated $25,000,000 for fiscal year 1994 to carry out this section. SEC. 5. AUTHORIZATION FOR COMMUNITY HOUSING PARTNERSHIPS AND SUPPORT FOR STATE AND LOCAL HOUSING STRATE- GIES. Section 205 of the Cranston-Gonzalez National Affordable Housing Act (12 U.S.C. 12724) is amended— (1) in paragraph (1), by striking "$14,000,000 for fiscal year 1994" and inserting "$25,000,000 for fiscal year 1994"; and (2) in paragraph (2), by striking "$11,000,000 for fiscal year 1994" and inserting "$22,000,000 for fiscal year 1994". SEC. 6. SECTION 8 COMMUNITY INVESTMENT DEMONSTRATION PRO- GRAM. (a) DEMONSTRATION PROGRAM.— The Secretary shall carry out a demonstration program to attract pension fund investment in affordable housing through the use of project-based rental assistance under section 8 of the United States Housing Act of 1937.

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