Page:United States Statutes at Large Volume 78.djvu/825

 78 STAT. ]

PUBLIC LAW 88-560-SEPT. 2, 1964

783

CORRECTION OF SUBSTANTIAL DEFECTS I N MORTGAGED HOMES

SEC. 121. Title V of the National Housing Act is amended by adding after section 517 (added by section 120 of this Act) the following new section:

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" EXPENDITURES TO CORRECT OR COMPENSATE FOR SUBSTANTIAL DEFECTS IN MORTGAGED HOMES

"SEC. 518. (a) The Commissioner is authorized, with respect to any property improved by a one- to four-family dwelling approved for mortgage insurance prior to the beginning of construction which he finds to have structural defects, to make expenditures for (1) correcting such defects, (2) paying the claims of the owner of the property arising from such defects, or (3) acquiring title to the property: Provided, That such authority of the Commissioner shall exist only (A) if the owner has requested assistance from the Commissioner not later than four years (or such shorter time as the Commissioner may prescribe) after insurance of the mortgage, and (B) if the property IS encumbered by a mortgage which is insured under this Act after the date of enactment of the Housing Act of 1964. " (b) The Commissioner shall by regulations prescribe the terms and conditions under which expenditures and payments may be made under the provisions of this section, and his decisions regarding such expenditures or payments, and the terms and conditions under which the same are approved or disapproved, shall be final and conclusive and shall not be subject to judicial review." TITLE II—HOUSING FOR THE ELDERLY AND HANDICAPPED HOUSING FOR THE ELDERLY—LOAN PROGRAM

SEC. 201. Section 202(a)(4) of the Housing Act of 1959 is amended by striking out "$275,000,000" and inserting in lieu thereof "$350,000,000".

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FHA SECTION 2 2 1 HOUSING FOR LOW- OR MODERATE-INCOME ELDERLY PERSONS

S E C 202. Section 221(f) of the National Housing Act is amended by pllt^^^^^H^/ adding at the end thereof the following new sentence: "Any person 12 USC 1715/. sixty-two years of age or over shall be deemed to be a family within the meaning of the terms 'family' and 'families' as those terms are used in this section." HOUSING FOR THE HANDICAPPED

S E C 203. (a)(1) The heading of title II of the Housing Act of 1959 is amended by striking out " H O U S I N G FOR THE E L D E R L Y " and inserting m lieu thereof " H O U S I N G FOR THE E L D E R L Y OR HANDICAPPED". (2) Section 202 of such Act is amended— (A) by striking out "elderly families and elderly persons" wherever it appears in subsections (a)(1), (a)(2), and (e) and inserting in lieu thereof in each instance "elderly or handicapped families"; (B) by amending subsection (d)(1) to read as follows: " (1) The term 'housing' means structures suitable for dwelling use by elderly or handicapped families which are (A) new struc-

"Housing."

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