Sec. 209.
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Paragraph (2)(B)(i) of section 3(a) of the United States Housing Act of 1937 ( 42 U.S.C. 1437a(a) ) is amended— in the matter preceding subclause (I)— by striking Except as otherwise provided under this clause, each and inserting Each ; and by inserting after which shall the following: not be lower than 80 percent of the applicable fair market rental established under section 8(c) of this Act and which shall ; and by striking the undesignated matter following subclause
(II)and inserting the following: Public housing agencies must comply by June 1, 2014, with the requirement of this clause, except that if a new flat rental amount for a dwelling unit will increase a family's existing rental payment by more than 35 percent, the new flat rental amount shall be phased in as necessary to ensure that the family's existing rental payment does not increase by more than 35 percent annually. The preceding sentence shall not be construed to require establishment of rental amounts equal to 80 percent of the fair market rental in years when the fair market rental falls from the prior year. .
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