Page:United States Statutes at Large Volume 97.djvu/1272

 97 STAT. 1240 PUBLIC LAW 98-181—NOV. 30, 1983 Repeals. 12 USC 1720, 1723e. 12 USC 1723e note. 12 USC 1720 note. Rural Housing Amendments of 1983. 42 USC 1441 note. 42 USC 1471. 42 USC 1437 note. Ante, p. 1179. SPECIAL ASSISTANCE AND EMERGENCY MORTGAGE PURCHASE ASSIST- ANCE FUNCTIONS OF THE GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SEC. 483. (a) Sections 305 and 313 of the Federal National Mort- gage Association Charter Act and section 3(b) of the Emergency Home Purchase Assistance Act of 1974 are hereby repealed. (b) Any purchase or commitment to purchase any mortgage pursu- ant to section 305 or 313 of the Federal National Mortgage Associ- ation Charter Act made before the date of the enactment of this Act, and the servicing and disposition of any such mortgage, shall con- tinue to be governed by the provisions of such sections as they existed immediately before the effective date of this section. TITLE V—RURAL HOUSING SHORT TITLE SEC. 501. This title may be cited as the "Rural Housing Amend- ments of 1983". DEFINITIONS SEC. 502. (a) Section 50T(b)(4) of the Housing Act of 1949 is amended to read as follows: "(4) For the purpose of this title, the terms 'low income families or persons' and very low-income families or persons' means those families and persons whose incomes do not exceed the respective levels established for lower income families and very low-income families by the Secretary of Housing and Urban Development under the United States Housing Act of 1937.". (b) Section 501(b)(5) of such Act is amended to read as follows: "(5) For the purpose of this title, the terms 'income' and 'adjusted income' have the meanings given by sections 3(b)(4) and 3(b)(5), respectively, of the United States Housing Act of 1937.". SECTION 502 AMENDMENTS 42 USC 1472. SEC. 503. (a) Section 502 of the Housing Act of 1949 is amended by adding at the end thereof the following: "(d) On and after the effective date of the Rural Housing Amend- Supra, ments of 1983— "(1) not less than 40 per centum of the dwelling units financed under this section shall be available only for occupancy by very low-income families or persons; and "(2) not less than 30 per centum of the dwelling units in each State financed under this section shall be available only for occupancy by very low-income families or persons. "(e)(1) A loan which may be made or insured under this section with respect to housing shall be made or insured with respect to a manufactured home or with respect to a manufactured home and lot, whether such home or such home and lot is real property, personal property, or mixed real and personal property, if— "(A) the manufactured home meets the standards prescribed pursuant to title VI of the Housing and Community Develop- 42 USC 5401. ment Act of 1974; "(B) the manufactured home, or the manufactured home and lot, meets the installation, structural, and site requirements

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