Page:United States Statutes at Large Volume 93.djvu/1137

 PUBLIC LAW 96-153—DEC. 21, 1979

93 STAT. 1105

assistance made available under this title in any fiscal year shall be made available without such certification". UVABLE CITIES

SEC. 108. Section 807 of the Housing and Community Development Amendments of 1978 is amended by striking out "$10,000,000" and inserting in lieu thereof "$5,000,000'\

92 Stat. 2124. 42 USC 8146.

REVIEW OF EFFECTS OF RENTAL CONVERSIONS

SEC. 109. (a) Section 104(a)(4)(A) of the Housing and Community Development Act of 1974 is amended by inserting before the comma 42 USC 5304 at the end thereof the following: ", including the impact of conversion of rental housing to condominium or cooperative ownership on such needs". (b) Not later than six months after the date of enactment of this Report to Act, the Secretary of Housing and Urban Development shall submit a Congress. report to the Congress concerning the conversion of rental housing to 42 USC 5304 note. condominium or cooperative ownership. Such report shall at least include— (1) an estimate of the number of such conversions which have occurred since 1970; (2) a projection of the number of such conversions estimated to occur during the period 1980 through 1985; (3) an assessment of the impact that such conversions have had or are likely to have on the availability of housing for lower income persons; (4) an assessment of the extent to which such conversions are concentrated in certain areas or types of areas of the country; and (5) an assessment of the factors contributing to the increase in such conversions. The Secretary may also include in such report recommendations Recommendations concerning alternative means to minimize the adverse impact that to Congress. such conversions may have on lower income persons. TITLE II—HOUSING ASSISTANCE PROGRAMS LOW-INCOME HOUSING

SEC. 201. (a) The first sentence of section 5(c) of the United States Housing Act of 1937 is amended— 42 USC I437c. (1) by striking out "and" immediately after "October 1, 1977,"; and (2) by inserting immediately after "on October 1, 1978" the following: ", and by $1,140,661,000 on October 1, 1979,". (b) Section 5(c) of such Act is amended by inserting the following after the third sentence: "Of the additional authority authorized by the first sentence of this subsection on October 1, 1979, not more than $195,053,000 is authorized to be approved in appropriation Acts for units assisted under this Act other than under section 8 (not less than 42 USC I437f. $50,000,000 of which is authorized to be so approved for modernization of such units with a preference being given to the modernization of substandard vacant units). In no case may the Secretary, with respect to the additional authority made available on October 1, 1979, enter into annual contributions contracts aggregating more than $195,053,000 for units assisted under this Act other thsin under section 8.".

59-194 0 — 81

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