Page:United States Statutes at Large Volume 108 Part 1.djvu/379

 PUBLIC LAW 103-233—APR. 11, 1994 108 STAT. 353 "(ii) ensure that no tenant of the project will be displaced as a result of actions taken under this paragraph, "(8) REBUILDING. —Notwithstanding any provision of section 8 of the United States Housing Act of 1937, the Secretary may provide project-based assistance in accordance with subsection (e) of this section to support the rebuilding of a multifamily housing project rebuilt or to be rebuilt (in whole or in part and on-site, off-site, or in a combination of both) in connection with disposition under this section, if the Secretary determines that— "(A) the project is not being maintained in a decent, safe, and sanitary condition; "(B) rebuilding the project would be less expensive than substantial rehabilitation; "(C) the unit of general local government in which the project is located approves the rebuilding and makes a financial contribution or other commitment to the project; and "(D) the rebuilding is a part of a local neighborhood revitalization plan approved by the unit of general local government. The provisions of subsection (j)(2) shall apply to any tenants of the project who are displaced. "(9) EMERGENCY ASSISTANCE FUNDS.—The Secretary may make arrangements with State agencies and units of general local government of States receiving emergency assistance under part A of title IV of the Social Security Act for the provision of assistance under such Act on behalf of eligible families who would reside in any multifamily housing projects. " (g) PROTECTION FOR UNASSISTED VERY LOW-INCOME TEN- ANTS.— For each multifamily housing project disposed of under this section, the Secretary shall require that, for any very low-income family who is a preexisting tensuit of the project who (upon disposition) would be required to pay rent in an amount in excess of 30 percent of the adjusted income (as such term is defined in section 3(b) of the United States Housing Act of 1937) of the family— "(1) for a period of 2 years beginning upon the date of the acquisition of the project by the purchaser under such disposition, the rent for the unit occupied by the family may not be increased above the rent charged immediately before acquisition; "(2) such family shall be considered displaced for purposes of the preferences for assistance under sections 6(c)(4)(A)(i), 8(d)(l)(A)(i), and 8(o)(3)(B) of the United States Housing Act of 1937; and "(3) notice shall be provided to such family, not later than the date of the acquisition of the project by the purchaser— "(A) of the requirements under paragraphs (1) and (2); and "(B) that, after the expiration of the period under paragraph (1), the rent for the unit occupied by the family may be increased. "(h) CONTRACT REQUIREMENTS.—Contracts for project-based rental assistance under section 8 of the United States Housing

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