Page:United States Statutes at Large Volume 84 Part 2.djvu/444

 1774 82 Stat. 5 0 1. 12 USC 1715Z-1.

79 Stat. 451: 82 Stat. 5 0 3. 12 USC 1 7 0 1 s.

PUBLIC LAW 91-609-DEC. 31, 1970

[84 STAT.

(b)(1) Section 236(j)(5)(B) of such Act is amended by inserting immediately after "units" the following: ", but such units, in the case of a project designed primarily for occupancy by displaced, elderly, or handicapped families, need not, with the approval of the Secretary, contain kitchen facilities'*. (2) Section 236(i) of such Act is amended by adding at the end thereof the following new paragraph: "(3) Not more than 10 per centum of the total amount of interest reduction payments authorized to be contracted to be made pursuant to appropriation Acts as provided in paragraph (1) after the date of the enactment of the Housing and Urban Development Act of 1970 shall be contracted to be made with respect to projects in which all or part of the dwelling units do not contain kitchen facilities." (c) Section 101(b) of the Housing and Urban Development Act of 1965 is amended by adding at the end thereof the following newsentence: "Nothing in this section shall be construed as preventing payments to a housing owner with respect to projects in which all or part of the dwelling units do not contain kitchen facilities; but of the total amount of contracts to make annual payments approved in appropriation Acts pursuant to subsection (a) after the date of the enactment of the Housing and Urban Development Act of 1970, not more than 10 per centum in the aggregate shall be made with respect to such projects.-F H A R E H A B I L I T A T I O N STANDARDS FOR H O U S I N G I N U R B A N R E N E W A L AREAS

12 USC 1731a.

SEC. 116. Title V of the National Housing Act is amended by adding at the end thereof the following new section: " F H A R E H A B I L I T A T I O N STANDARDS FOR H O U S I N G I N URBAN R E N E W A L AREAS

12 USC 1707.

"SEC. 524. In determining whether properties should be approved by the Secretary prior to rehabilitation and covered by mortgages insured under title II of this Act, the Secretary shall apply uniform property standards as between properties located outside urban renewal areas and those located within urban renewal areas." INVESTMENT OF F H A RESERVE

52 Stat. 16. 12 USC 1712.

79 Stat. 469; 12 USC 1715e.
 * 2 Stat. 610.

FUNDS

SEC. 117. (a) Section 206 of the National Housing Act is amended by inserting before the period at the end of the first sentence the following: "or any agency of the United States: Provided, That such moneys shall to the maximum extent feasible be invested in such bonds or other obligations the proceeds of wdiich will be used to directly support the residential mortgage market". (b) Section 213(o) of such Act is amended by inserting before the period at the end of the second sentence the following: "or any agency of the United States: Provided, That such moneys shall to the maximum extent feasible be invested in such bonds or other obligations the proceeds of which will be used to directly support the residential mortgage market". (c) Section 236(g) of such Act is amended by inserting before the period at the end of the third sentence the following: "or any agency of the United States: Provided, That such moneys shall to the maximum extent feasible be invested in such bonds or other obligations the proceeds of which will be used to directly support the residential mortgage market".

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