Page:United States Statutes at Large Volume 93.djvu/1143

 PUBLIC LAW 96-153—DEC. 21, 1979

93 STAT. 1111

States Housing Act of 1937, and the rents paid by tenants at the same income levels who are not in assisted housing. The comparisons shall be made for differing regions, income levels and family size, and shall include data on utility costs paid by tenants. Data on tenants not in assisted housing shall be further subdivided in accordance with various indicators of housing quality. The Secretary shall transmit a report on such study to the Congress not later than March 1, 1980. SECTION 2 3 5 AMENDMENTS

SEC. 213. (a) Section 235(a)(1) of the National Housing Act is 12 USC I715z. amended by adding the following new sentence at the end thereof: "In making such assistance available, the Secretary shall give preference to low-income families who, without such assistance, would be likely to be involuntarily displaced (including those who would be - »^ ' likely to be displaced from rental units which are to be converted into a condominium project or a cooperative project). Such assistance may include the acquisition of a condominium or a membership in a cooperative association.". (b) Section 235(i)(3)(A) of such Act is amended by striking out ", if the mortgagor qualifies" in the first proviso and all that follows ' * ' through "public housing". (c)(1) Section 235 of such Act is amended by adding at the end thereof the following new subsection: "(o) The Secretary may insure a mortgage under this section involving a principal obligation which exceeds, by not more than 20 per centum, the maximum limits specified under subsection (b)(2) or (i)(3) of this section if the mortgage relates to a dwelling in an urban neighborhood where the Secretary determines that a community sponsored program of concentrated redevelopment or revitalization is being undertaken and the Secretary determines that such action is necessary to enable eligible families residing in the area who occupy substandard housing or are being involuntarily displaced to remain in the area in decent, safe, and sanitary housing.". (2) Section 235(c)(2) of such Act is amended by inserting after "1 per centum per annum" the following: "(4 per centum per annum in the case of a mortgage described in subsection (o))". TITLE III—PROGRAM AMENDMENTS AND EXTENSIONS EXTENSION OF FEDERAL HOUSING ADMINISTRATION MORTGAGE INSURANCE PROGRAMS

SEC. 301. (a) Section 2(a) of the National Housing Act is amended by striking out "December 1, 1979" in the first sentence and inserting in lieu thereof "October 1, 1980". (b) Section 217 of such Act is amended by striking out "November 30, 1979" and inserting in lieu thereof "September 30, 1980". (c) Section 221(f) of such Act is amended by striking out "November 30, 1979" in the fifth sentence and inserting in lieu thereof "September 30, 1980". (d) Section 235(m) of such Act is amended by striking out "November 30, 1979" and inserting in lieu thereof "September 30, 1980". (e) Section 236(n) of such Act is amended by striking out "November 30, 1979" and inserting in lieu thereof "September 30, 1980". (f) Section 244(d) of such Act is amended— (1) by striking out "November 30, 1979" in the first sentence and inserting in lieu thereof "September 30, 1980"; and

12 USC 1703. 12 USC 1715h. 12 USC 1715/. 12 USC I7l5z. 12 USC I7l5z-l. 12 USC 1715z-9.

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