Page:United States Statutes at Large Volume 113 Part 2.djvu/102

 113 STAT. 1122 PUBLIC LAW 106-74—OCT. 20, 1999 SEC. 537. ENHANCED DISPOSITION AUTHORITY. Section 204 of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997 (12 U.S.C. 1715z-lla) is amended— (1) by striking "and 1999" and inserting "1999, and 2000"; and (2) by striking "or demolition" and inserting ", demolition, or construction on the properties (which shall be eligible whether vacant or occupied)". SEC. 538. UNIFIED ENHANCED VOUCHER AUTHORITY. (a) IN GENERAL.— Section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) is amended by inserting after subsection (s) the following new subsection: " (t) ENHANCED VOUCHERS. — "(1) IN GENERAL. —Enhanced voucher assistance under this subsection for a family shall be voucher assistance under subsection (o), except that under such enhanced voucher assistance— "(A) subject only to subparagraph (D), the assisted family shall pay as rent no less than the amount the family was paying on the date of the eligibility event for the project in which the family was residing on such date; "(B) during any period that the assisted family continues residing in the same project in which the family was residing on the date of the eligibility event for the project, if the rent for the dwelling unit of the family in such project exceeds the applicable pa5niient standard established pursuant to subsection (o) for the unit, the amount of rental assistance provided on behalf of the family shall be determined using a payment standard that is equal to the rent for the dwelling unit (as such rent may be increased from time-to-time), subject to paragraph (10)(A) of subsection (o); "(C) subparagraph (B) of this paragraph shall not apply and the payment standard for the dwelling unit occupied by the family shall be determined in accordance with subsection (o) if— "(i) the assisted family moves, at any time, from such project; or "(ii) the voucher is made available for use by any family other than the original family on behalf of whom the voucher was provided; and "(D) if the income of the assisted family declines to a significant extent, the percentage of income paid by the family for rent shall not exceed the greater of 30 percent or the percentage of income paid at the time of the eligibility event for the project. "(2) ELIGIBILITY EVENT.— For purposes of this subsection, the term 'eligibility event' mesins, with respect to a multifamily housing project, the prepayment of the mortgage on such housing project, the voluntary termination of the insurance contract for the mortgage for such housing project, the termination or expiration of the contract for rental assistance under section 8 of the United States Housing Act of 1937 for such housing project, or the transaction under which the project is preserved as affordable housing, that, under paragraphs

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