Page:United States Statutes at Large Volume 108 Part 1.djvu/370

 108 STAT. 344 PUBLIC LAW 103-233—APR. 11, 1994 "(D) minimizing the involuntary displacement of tenants; "(E) maintaining housing for the purpose of providing rental housing, cooperative housing, and homeownership opportunities for low-income persons; "(F) minimizing the need to demolish multifamily housing projects; "(G) supporting fair housing strategies; and "(H) disposing of such projects in a manner consistent with local housing market conditions. In determining the manner in which a project is to be managed or disposed of, the Secretary may balance competing goals relating to individual projects in a manner that will further the purposes of this section. "(b) DEFINITIONS.— For purposes of this section: "(1) MULTIFAMILY HOUSING PROJECT. —The term 'multifamily housing project' means any multifamily rental housing project which is, or prior to acquisition by the Secretary was, assisted or insured under the National Housing Act, or was subject to a loan under section 202 of the Housing Act of 1959. "(2) SUBSIDIZED PROJECT.— The term 'subsidized project' means a multifamily housing project that, immediately prior to the assignment of the mortgage on such project to, or the acquisition of such mortgage by, the Secretary, was receiving any of the following types of assistance: "(A) Below market interest rate mortgage insurance under the proviso of section 221(d)(5) of the National Housing Act. "(B) Interest reduction payments made in connection with mortgages insured under section 236 of the National Housing Act. "(C) Direct loans made under section 202 of the Housing Act of 1959. "(D) Assistance in the form of— "(i) rent supplement payments under section 101 of the Housing and Urban Development Act of 1965, "(ii) additional assistance payments under section 236(f)(2) of the National Housing Act, "(iii) housing assistance payments made under section 23 of the United States Housing Act of 1937 (as in effect before January 1, 1975), or "(iv) housing assistance payments made under section 8 of the United States Housing Act of 1937 (excluding payments made for tenant-based assistance under section 8), if (except for purposes of section 183(c) of the Housing and Community Development Act of 1987) such assistance payments are made to more than 50 percent of the units in the project. "(3) FORMERLY SUBSIDIZED PROJECT.— The term 'formerly subsidized project' means a multifamily housing project owned by the Secretary that was a subsidized project immediately prior to its acquisition by the Secretary. "(4) UNSUBSIDIZED PROJECT. —The term 'unsubsidized project' means a multifamily housing project owned by the

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