Page:United States Statutes at Large Volume 112 Part 5.djvu/586

 112 STAT. 3344 PUBLIC LAW 105-368—NOV. 11, 1998 "(5) The loan is secured. "(6) The loan is subject to such terms and conditions as the Secretary determines are reasonable, taking into account other housing projects with similarities in size, location, population, and services provided. "(b) For purposes of this subchapter, a multifamily transitional housing project referred to in subsection (a)(1) is a project that— "(1) provides transitional housing to homeless veterans, which housing may be single room occupancy (as defined in section 8(n) of the United States Housing Act of 1937 (42 U.S.C. 1437f (n))); "(2) provides supportive services and counselling services (including job counselling) at the project site with the goal of making such veterans self-sufficient; "(3) requires that each such veteran seek to obtain and maintain employment; "(4) charges a reasonable fee for occupying a unit in such housing; and "(5) maintains strict guidelines regarding sobriety as a condition of occupying such unit. "(c) Such a project— "(1) may include space for neighborhood retail services or job training programs; and "(2) may provide transitional housing to veterans who are not homeless and to homeless individuals who are not veterans if— "(A) at the time of taking occupancy by any such veteran or homeless individual, the transitional housing needs of homeless veterans in the project area have been met; "(B) the housing needs of any such veteran or homeless individual can be met in a manner that is compatible with the manner in which the needs of homeless veterans are met under paragraph (1); and "(C) the provisions of paragraphs (4) and (5) of subsection (b) are met. "(d) In determining whether to guarantee a loan under this subchapter, the Secretary shall consider— "(1) the availability of Department of Veterans Affairs medical services to residents of the multifamily transitional housing project; and "(2) the extent to which needs of homeless veterans are met in a community, as assessed under section 107 of Public Law 102-405. " §3774. Default "(a) The Secretary shall take such steps as may be necessary to obtain repayment on any loan that is in default and that is guaranteed under this subchapter. "(b) Upon default of a loan guaranteed under this subchapter and terminated pursuant to State law, a lender may file a claim under the guarantee for an amount not to exceed the lesser of— "(1) the maximum guarantee; or "(2) the difference between— "(A) the total outstanding obligation on the loan, including principal, interest, and expenses authorized by

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