Page:United States Statutes at Large Volume 108 Part 1.djvu/390

 108 STAT. 364 PUBLIC LAW 103-233—APR. 11, 1994 officer to act on behalf of the State with regard to the provisions of this Act". SEC. 202. SIMPLIFICATION OF PROGRAM-WIDE INCOME TARGETING FOR RENTAL HOUSING. Section 214(1) of the Cranston-Gronzalez National Affordable Housing Act (42 U.S.C. 12744(1)) is amended— (1) in subparagraph (A)— (A) by striking "such funds are invested with respect to dwelling units that are occupied by" and inserting "(i) the families receiving such rental assistance are"; and (B) by striking ", and" and inserting ", or (ii) the dwelling units assisted with such funds are occupied by families having such incomes; and"; and (2) in subparagraph (B)— (A) by striking "such funds are invested with respect to dwelling units that are occupied by" and inserting "(i) the families receiving such rental assistance are"; and (B) by inserting before the semicolon at the end the following: ", or (ii) the dwelling units assisted with such funds are occupied by such households". SEC. 203. HOMEOWNERSHIP UNITS. (a) REMOVAL OF FIRST-TIME HOMEBUYER REQUIREMENT.— Section 215(b) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12745(b)) is amended— (1) by striking paragraph (3); and (2) by redesignating paragraphs (4) and (5) as paragraphs (3) and (4), respectively. (b) SIMPLIFICATION OF RESALE PROVISIONS.— Section 215(b)(3)(B) of the Cranston-Gronzalez National Affordable Housing Act (42 U.S.C. 12745(b)(3)(B)), as so redesignated by subsection (a) of this section, is amended by striking "subsection" and inserting "title". SEC. 204. SIMPLIFICATION OF MATCHING REQUIREMENTS. Section 22(Xa) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12750(a)) is amended to read as follows: " (a) CONTRIBUTION.—Each participating jurisdiction shall make contributions to housing that qualifies as affordable housing under this title that total, throughout a fiscal year, not less than 25 percent of the funds drawn from the jurisdiction's HOME Investment Trust Fund in such fiscal year. Such contributions shall be in addition to any amounts made available under section 216(3)(A)(ii).". SEC. 205. REPEAL OF SEPARATE AUDIT REQUIREMENT. Section 283 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12833) is amended— (1) by striking the section designation and heading and inserting the following: "SEC. 283. AUDITS BY COMPTROLLER GENERAL."; (2) by striking subsection (a); (3) in subsection (b)— (A) by striking "(b) AUDITS BY THE COMPTROLLER GEN- ERAL.— ":

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