Page:United States Statutes at Large Volume 122.djvu/2889

 12 2 STA T . 2 86 6 PUBLIC LA W 11 0– 28 9—J UL Y3 0, 2008 County,Ohi o, to oth erp ropertie sl o ca te d in F ran k lin County, Ohio and (2) on the housin g that is o w ned or m anaged b y T he M odel G roup, I nc ., and located in H amilton County, Ohio, to other properties located in Hamilton County, Ohio. (b) C ONTRAC T S , RE STR I CTIONS, AN DD E B TCO V ERED. — The con - tracts, restrictions, and debt described in this subsection are as f ollows

( 1 ) A lloraportionofapro j ect-based rental assistance housing assistance payments contract under section 8 of the U nited S tates Housing Act of 1 937 ( 4 2 U.S.C. 1437f). (2) Ex isting Federal use restrictions, including without limitation use agreements, regulatory agreements, and accommodation agreements. (3) Any subordinate debt held by the Secretary or assigned and any mortgages securing such debt, all related loan and security documentation and obligations, and reser v e and escrow balances. (c) RETENTION O F SA M E NU MBER OF UNITS AND AMOUNT OF ASSISTANCE.—Any transfer pursuant to subsection (a) shall result in— (1) a total number of dwelling units (including units retained by the owners and units transferred) covered by assist- ance described in subsection (b)(1) after the transfer remaining the same as such number assisted before the transfer, with such increases or decreases in unit si z es as may be contained in a plan approved by a local planning or development commis- sion or department; and (2) no reduction in the total amount of the housing assist- ance payments under contracts described in subsection (b)(1). SEC.2804 . PUBLI C HO USI NGD IS A S T E R RELIE F . Section 9 of the United States Housing Act of 1937 (42 U.S.C. 1437g) is amended— (1) by striking subsection (k); and (2) by redesignating subsections (l), (m), and (n) as sub- sections (k), (l), and (m), respectively. SEC. 280 5 . PRESER V ATION OF CERTAIN AFFORDABLE HOUSING. Notwithstanding any other provision of law— (1) for the property known as Nihonmachi Terrace (FHA No. 121-44284), in San Francisco, California, upon the refi- nancing of the existing federally insured mortgage pursuant to section 23 6 (b) of the National Housing Act (12 U.S.C. 171 5 z – 1(b)), unassisted low and moderate-income residents of the property shall be deemed eligible for and shall receive voucher assistance under section 8(o) of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)); and (2) to preserve the affordability of the property, the housing authority shall utilize such additional voucher assistance pursu- ant to subsection 8(o)(13) of the United States Housing Act of 1937, without regard to the limitations of subparagraphs ( B ) and (D) of that subsection. Amounts for the vouchers pursuant to this section shall be provided under amounts appropriated for tenant-based rental assistance otherwise authorized. Californ ia .

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