Sec. 238.
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The language under the heading Rental Assistance Demonstration in the Department of Housing and Urban Development Appropriations Act, 2012 ( Public Law 112–55 ) is amended— by striking (except for funds allocated under such section for single room occupancy dwellings as authorized by title IV of the McKinney-Vento Homeless Assistance Act) in both places such language appears; in the third proviso by inserting in excess of amounts made available under this heading after associated with such conversion ; in the fourth proviso— by striking 60,000 and inserting 120,000 ; and by striking or section 8(e)(2) ; in the penultimate proviso— by inserting with respect to applications submitted after That ; by striking and 2013, and inserting through 2015 ; by striking and agreement of the administering public housing agency, and inserting , either ; by inserting , subject to the agreement of the administering public housing agency, after available for such vouchers ; by inserting or for conversion of assistance available for such tenant protection vouchers to assistance under a project-based subsidy contract under section 8 of the Act, which shall have a term of no less than 20 years, with rent adjustments limited to an operating cost factor established by the Secretary, and shall be subject to the availability of appropriations for each year of such term, and which shall be eligible for renewal under section 524 of the Multifamily Assisted Housing Reform and Affordability of 1997 ( after 42 U.S.C. 1437f note):
That amounts made available under the headings Provided further, Project-Based Rental Assistance and Other Assisted Housing Programs, Rental Housing Assistance during the period of conversion under the previous proviso, which may extend beyond fiscal year 2015 as necessary to allow processing of all timely applications, shall be available for project-based subsidy contracts entered into pursuant to the previous proviso: That amounts, including contract authority, recaptured from contracts following a conversion under the previous two provisos are hereby rescinded and an amount of additional new budget authority, equivalent to the amount rescinded is hereby appropriated, to remain available until expended for such conversions:
Provided further, That the Secretary may transfer amounts under the heading Provided further, Other Assisted Housing Programs, Rental Housing Assistance , amounts made available for tenant protection vouchers under the heading Tenant-Based Rental Assistance , and amounts made available under the previous proviso as needed to the account under the Project-Based Rental Assistance heading to facilitate conversion under the three previous provisos and any increase in cost for Project-Based Rental Assistance associated with such conversion shall be equal to amounts so transferred subparagraphs
(C)and
(D)of section 8(o)(13) of the Act ; and in the final proviso, by striking proviso and inserting four provisos in both places such language appears.
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- Pub. L. 112-55
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