Page:United States Statutes at Large Volume 84 Part 1.djvu/1167

 84 STAT. ]

PUBLIC LAW 91-506-OCT. 23, 1970

(2) adding at the end of that section the following new subsection: " (d) Nothing in this chapter shall be deemed to preclude the guaranty of a loan to an eligible veteran to purchase a one-family residential unit to be owned and occupied by him as a home in a condominium housing development or project as to which the Secretary of Housing and Urban Development has issued, under section 234 of the National Housing Act, as amended (12 U.S.C. 1715y), evidence of insurance on at least one loan for the purchase of a one-family unit. The Administrator shall guarantee loans to veterans on such residential units when such loans meet those requirements of this chapter which he shall, by regulation, determine to be applicable to such loans." SEC. 4. Section 1811 of title 38, United States Code, is amended— (1) by striking out "1810" in subsection (a) and (b) inserting in lieu thereof: "1810 or 1819"; (2) by striking out the second sentence of subsection (b) and inserting in lieu thereof the following: "He shall, with respect to any such area, make, or enter into commitments to make, to any veteran eligible under this title, a loan for any or all of the purposes described in section 1810(a) or 1819 of this title."; (3) by inserting after "guaranteed home loans" the phrase "or mobile home loans, as appropriate" in subsection (c)(1), and by striking out in such subsection "1810 of this title" and inserting in lieu thereof "1810 or 1819 of this title, as appropriate"; (4) by inserting after "guaranteed home loans" in subsection (d)(1) the phrase "or mobile home loans, as appropriate"; (5) by striking out "The" in subsection (d)(2) and inserting in lieu thereof " (A) Except for any loan made under this chapter for the purposes described in section 1819 of this title, the"; (6) by inserting immediately after subsection (d)(2) (as amended by clause (4) above) the following new paragraph: " (B) The original principal amount of any loan made under this section for the purposes described in section 1819 of this title shall not exceed the amount specified by the Administrator pursuant to subsection (d) of such section."; (7) by striking out "1810 of this title" in subsection (g) and inserting in lieu thereof "1810 or 1819 of this title, as appropriate"; and (8) by striking out subsections (h), (i), and (j) and inserting in lieu thereof the following: " (h) The Administrator may exempt dwellings constructed through assistance provided by this section from the minimum land planning and subdivision requirements prescribed pursuant to subsection (a) of section 1804 of this title, and with respect to such dwellings may prescribe special minimum land planning and subdivision requirements which shall be in keeping with the general housing facilities in the locality but shall require that such dwellings meet minimum requirements of structural soundness and general acceptability. "(i) The Administrator is authorized, without regard to the provisions of subsections (a), (b), and (c) of this section, to make or enter into a commitment to make a loan to any veteran to assist the veteran in acquiring a specially adapted housing unit authorized under chapter 21 of this title, if the veteran is determined to be eligible for the benefits of such chapter 21, and is eligible for loan guaranty benefits under this chapter. " (j)(l) If any builder or sponsor proposes to construct one or more dwellings in a housing credit shortage area, or in any area for

1109

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