Page:United States Statutes at Large Volume 97.djvu/1238

 97 STAT. 1206 PUBLIC LAW 98-181—NOV. 30, 1983 the program, and any other information the Secretary may require. To facilitate this reporting requirement, each grantee shall require owners of property rehabilitated under this section to provide veri- fied income data and other pertinent tenant demographic informa- tion as prescribed by the Secretary (to include household size and race) or to otherwise arrange for the collection of such information on an annual basis. The Secretary shall stipulate the format for such data collection to assure that such information can be aggre- gated at the national level to allow congressional oversight. "(n) REPORT TO CONGRESS. —Prior to the beginning of fiscal year 1985 and each fiscal year thereafter, the Secretary shall provide a report to the Congress ais to the overall progress of grantees in meeting the objectives of this section. Such report shall include an analysis of program costs, services delivered, beneficiaries, and the extent to which lower income tenants have been displaced as a result of rehabilitation assisted under this section.". 42 USC 5305. Ante, p. 1196. 42 USC 5307. 42 USC 5301 note. CONFORMING AMENDMENTS TO THE HOUSING AND COMMUNITY DEVELOPMENT ACT OF 1974 SEC. 302. (a) Section 105(a) of the Housing and Community Devel- opment Act of 1974 is amended— (1) by striking out "and" at the end of clause (16); (2) by striking out the period at the end of clause (17) and inserting in lieu thereof "; and"; and (3) by adding at the end thereof the following: "(18) the rehabilitation or development of housing assisted under section 17 of the United States Housing Act of 1937.", (b) Section 107(d) of such Act is amended— (1) by striking out "unless the applicant" in paragraph (1) and inserting in lieu thereof the following: "and no assistance may be made available under section 17 of the United States Hous- ing Act of 1937 unless the grantee"; and (2) by inserting "grantee or" before "applicant" in paragraph (3). (c) Section 817 of such Act is amended— (1) by striking out "and" after "1966,"; and (2) by inserting after "and 1970" the following: ", and section 17 of the United States Housing Act of 1937". Insurance. 12 USC 1715Z-9. Post, p. 1207. Ante, p. 1196. CONFORMING AMENDMENTS TO THE NATIONAL HOUSING ACT SEC. 303. (a) Section 244 of the National Housing Act is amended oy adding at the end thereof the following: "(h) Notwithstanding any other provision of this section, in the case of a mortgage insured under section 223(f) secured by property which is to be rehabilitated or developed under section 17 of the United States Housing Act of 1937, such coinsurance may include provisions that— "(1) insurance benefits shall equal the sum of (A) 90 per centum of the mortgage on the date of institution of foreclosure proceedings (or on the date of acquisition of the property other- wise after default), and (B) 90 per centum of interest arrears on the date benefits are paid; "(2) the mortgagee shall remit to the Secretary, for credit tu the General Insurance Fund, 90 per centum of any proceeds of the property, including sale proceeds, net of the mortgagee's

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