Page:United States Statutes at Large Volume 110 Part 1.djvu/866

 110 STAT. 842 PUBLIC LAW 104-120—MAR. 28, 1996 (5) activities to develop housing assisted pursuant to this section involve community participation similar to the homeownership program carried out by Habitat for Humanity International, in which volunteers assist in the construction of dwellings; and (6) dwellings are developed in connection with assistance under this section on a geographically diverse basis, which includes areas having high housing costs, rural areas, and areas underserved by other homeownership opportunities that are populated by low-income families unable to otherwise afford housing. Notification. If, at any time, the Secretary determines that the goals under this subsection cannot be met by providing assistance in accordance with the terms of this section, the Secretary shall immediately notify the applicable Committees in writing of such determination and any proposed changes for such goals or this section. (c) ALLOCATION. — Of any amounts available for grants under this section— (1) 62.5 percent shall be used for a grant to the organization specified in subsection (a)(1); and (2) 37.5 percent shall be used for grants to organizations and consortia under subsection (a)(2). (d) USE.— (1) PURPOSE.—Amounts from grants made under this section, including any recaptured amounts, shall be used only for eligible expenses in connection with developing new decent, safe, and sanitary nonluxury dwellings in the United States for families and persons who otherwise would be unable to afford to purchase a dwelling. (2) ELIGIBLE EXPENSES. —For purposes of paragraph (1), the term "eligible expenses" means costs only for the following activities: (A) LAND ACQUISITION.— Acquiring land (including financing and closing costs). (B) INFRASTRUCTURE IMPROVEMENT. — Installing, extending, constructing, rehabilitating, or otherwise improving utilities and other infrastructure. Such term does not include any costs for the rehabilitation, improvement, or construction of dwellings. (e) ESTABLISHMENT OF GRANT FUND. — (1) IN GENERAL.— Any amounts from any grant made under this section shall be deposited by the grantee organization or consortium in a fund that is established by such organization or consortium for such amounts, administered by such organization or consortium, and available for use only for the purposes under subsection (d). Any interest, fees, or other earnings of the fund shall be deposited in the fund and shall be considered grant amounts for purposes of this section. (2) ASSISTANCE TO HABITAT FOR HUMANITY AFFILIATES. — Habitat for Humanity International may use amounts in the fund established for such organization pursuant to paragraph (1) for the purposes under subsection (d) by providing assistance from the fund to local affiliates of such organization. (f) REQUIREMENTS FOR ASSISTANCE TO OTHER ORGANIZATIONS.— The Secretary may make a grant to an organization or consortium under subsection (a)(2) only pursuant to—

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