Page:United States Statutes at Large Volume 108 Part 3.djvu/556

 108 STAT. 2308 PUBLIC LAW 103-327—SEPT. 28, 1994 or project level for subsidy assistance regardless of the source of the disbursement so as to minimize the administrative burden of multiple accounts. RENTAL HOUSING ASSISTANCE (RESCISSION) The limitation otherwise applicable to the maximum payments that may be required in any fiscal year by all contracts entered into under section 236 of the National Housing Act (12 U.S.C. 1715Z-1) is reduced in fiscal year 1995 by not more than $2,000,000 in uncommitted balances of authorizations provided for this purpose in appropriations Acts: Provided, That up to $66,000,000 of recaptured section 236 budget authority resulting from the prepa3niient of mortgages subsidized under section 236 of the National Housing Act (12 U.S.C. 1715Z-1) shall be rescinded in fiscal year 1995. HOMEOWNERSHIP ASSISTANCE (INCLUDING RESCISSION OF FUNDS) For payments under section 235(r) of the National Housing Act, as amended (12 U.S.C. 1715z) for incentives to mortgagors to refinance mortgages that are insured under such section 235 and for closing and other costs in connection with such refinancing, $6,875,000, to remain available until expended: Provided, That up to $50,000,000 of recaptured section 235 budget authority resulting from reducing the interest rate on such refinanced mortgages shall be reused for payments under this heading: Provided further. That up to $184,000,000 of additional recaptured section 235 budget authority from refinancing section 235 mortgages shall be rescinded in fiscal year 1995. CONGREGATE SERVICES For contracts with payments to public housing agencies and nonprofit corporations for congregate services programs, $25,000,000, to remain available until September 30, 1995, of which up to $6,267,000 shall be for entities operating such programs in accordance with the provisions of the Congregate Services Act of 1978, as amended, and the balance shall be for programs under section 802 of the Cranston-Gronzalez National Affordable Housing Act (Public Law 101-625). PAYMENTS FOR OPERATION OF LOW-INCOME HOUSING PROJECTS For payments to public housing agencies and Indian housing authorities for operating subsidies for low-income housing projects as authorized by section 9 of the United States Housing Act of 1937, as amended (42 U.S.C. 1437g), $2,900,000,000. SEVERELY DISTRESSED PUBLIC HOUSING 42 USC 1437Z For the HOPE Vl/urban revitalization demonstration program '^o*® under the third paragraph under the head "Homeownership and Opportunity for People Everjrwhere grants (HOPE grants)" in the Department of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1993, Public

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