Page:United States Statutes at Large Volume 93.djvu/1167

 PUBLIC LAW 96-153—DEC. 21, 1979

93 STAT. 1135

into before or after the date of enactment of this subsection and utilized for housing and related facilities which have not received assistance under section 521(a)(l)(B) or (a)(2) of this title or section 8 of the United States Housing Act of 1937; or "(B) twenty years from the date on which the loan was made in the case of any other such loan; or until the Secretary determines (prior to the end of such period) that there is no longer a need for such housing and related facilities to be so utilized or that Federal or other financial assistance provided to the residents of such housing will no longer be provided. "(2) In the case of any such loan made or insured pursuant to a contract entered into before the date of enactment of this subsection, the Secretary, after examining an offer to prepay such loan and the likely consequences of accepting such offer, shall accept such offer without taking the appropriate action described in paragraph (1) unless, after such examination, the Secretary determines that— "(A) due to a change in the use of such housing and related facilities, or to an increase in rental or other charges, likely to occur as a result of prepayment, the low and moderate income and elderly tenants occupying the assisted housing and related facilities at the time of such offer cannot reasonably be expected to remain in occupancy for the applicable period described in paragraph (1), but notwithstanding such a determination, the Secretary shall accept such an offer without taking such appropriate action if such tenants who are likely to be displaced as a result of such changes or increases will be provided with affordable, decent, safe, sanitary, and available alternative housing; or "(B) in the case of housing and related facilities containing more than ten dwelling units, the changes likely to occur as a result of such prepayment will have a substantial, adverse effect on the supply of affordable, decent, safe, and sanitary housing available to low and moderate income and elderly persons in the area in which such housing and related facilities are located.".

42 USC 1490a. 42 USC 1437f.

RENTAL ASSISTANCE

SEC. 504. (a) The first sentence of section 521(a)(2)(A) of the Housing Act of 1949 is amended— 42 USC 1490a. (1) by striking out "public and private nonprofit owners" and inserting in lieu thereof "the owners"; and (2) by inserting a comma before "congregate". (b) Section 521(a)(2)(A) of the Housing Act of 1949 is amended— (1) by striking out "20 per centum" each place it appears in the second sentence and inserting in lieu thereof "70 per centum"; (2) by inserting "to a public or private nonprofit owner" after "section 514" the first time it appears in clause (i) of the second 42 USC 1484. sentence; and (3) by inserting after the second sentence the following: "In approving projects for assistance under this paragraph, the Secretary shall give a priority to projects in which assistance is provided to 40 per centum or fewer of the units contained in the project.". TRAINING FOR SELF-HELP HOUSING

SEC. 505. Section 523(b) of the Housing Act of 1949 is amended— 42 USC I490c. (1) by striking out "and" at the end of paragraph (1); (2) by redesignating paragraph (2) as paragraph (3); and (3) by inserting after paragraph (1) the following:

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