Page:United States Statutes at Large Volume 97.djvu/1232

 97 STAT. 1200 PUBLIC LAW 98-181—NOV. 30, 1983 Regulations. Minimum standards. Regulations, submittal to Congress. new construction or substantial rehabilitation of real property to be used primarily for residential rental purposes. "(2) AREA ELIGIBILITY,—To be eligible for development grants under this subsection, a project must be located in an area that is experiencing a severe shortage of decent rental housing opportuni- ties for families and individuals without other reasonable and affordable housing alternatives in the private market. The Secre- tary shall issue regulations, consistent with the preceding sentence, that set forth minimum standards for determining areas eligible for assistance. Such standards shall be based on objectively measurable conditions, and shall take into account the extent of poverty, the extent of occupancy of physically inadequate housing by lower income families, the extent of housing overcrowding experienced by lower income families, the level and duration of rental housing vacancies, the extent of the lag between the estimated need for and production of rental housing, and other objectively measurable con- ditions specified by the Secretary consistent with the first sentence of this subsection. The Secretary shall propose regulations under this paragraph not later than 60 days after the date of enactment of this section and shall promptly transmit to the Congress such proposed regulations accompanied by a list of those areas which meet the minimum standards contained in such regulations. Any unit of government located in an area which meets such minimum standards is eligible to submit an application for a rental housing development grant under this section. The Secretary may also consider an application for a project to be located in an area which is not eligible under such standards where the Secretary determines that a project involving assistance for other than moderate rehabili- tation is necessary in order to meet special housing needs or to advance a particular neighborhood preservation purpose. "(3) APPLICATION. —A development grant may be made under this section on the basis of information provided in an application which shall be submitted by the grantee at such time and in such manner as the Secretary may prescribe. In addition to information relating to the selection criteria set forth in paragraph (5), the application shall contain— "(A) a description of the grantee's proposed rental develop- ment program, which shall consist of the activities the grantee proposes to undertake for the fiscal year, including a specifica- tion of the grantee's anticipated schedule in carrying out those activities; "(B) a certification that the grantee's program was developed after consultation with the public; "(C) a statement of the procedures and standards which will govern selection of proposals by the grantee, which procedures and standards shall take into account the extent to which the proposal represents the efficient use of Federal resources and the extent to which the housing units involved will be ade- quately maintained and operated with rents maintained at the levels proposed; "(D) an estimate of the effect of the proposed program on neighborhood preservation; and "(E) such other information as the Secretary shall prescribe. "(4) PROGRAM REQUIREMENTS.—A rental development program assisted under this section shall provide that— "(A) grant assistance shall be used to develop real property to be used for residential rental purposes only;

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