Sec. 5. Use of available rental assistance
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Subsection
(d)of section 521 of the Housing Act of 1949 ( 42 U.S.C. 1490a(d) ) is amended by adding at the end the following new paragraph: In the case of any rental assistance contract authority that becomes available because of the termination of assistance on behalf of an assisted family— at the option of the owner of the rental project, the Secretary shall provide the owner a period of 6 months before such assistance is made available pursuant to subparagraph
(B)during which the owner may use such assistance authority to provide assistance of behalf of an eligible unassisted family that— is residing in the same rental project that the assisted family resided in prior to such termination; or newly occupies a dwelling unit in such rental project during such period; and except for assistance used as provided in subparagraph (A), the Secretary shall use such remaining authority to provide such assistance on behalf of eligible families residing in other rental projects originally financed under section 515 or both sections 514 and 516 of this Act. .
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Sec. 5
Use of available rental assistance
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