Sec. 4. Ability of consortia to enter into single annual contributions contracts
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Section 13(a) of the United States Housing Act of 1937 ( 42 U.S.C. 1437k(a) ) is amended by adding at the end the following: On and after the date on which the Secretary promulgates regulations under subparagraph (B), subject to the approval of the Secretary, each consortium described in paragraph
(1)may enter into a single annual contributions contract under which the consortium— shall be a separate legal entity from each public housing agency participating in the consortium; and shall be deemed a single public housing agency for purposes of this Act. Not later than 1 year after the date of enactment of the Averting Crises in Housing Assistance Act , the Secretary shall promulgate regulations relating to requirements for any consortium described in paragraph
(1)desiring to enter into a single annual contributions contract under subparagraph
(A)of this paragraph, including requirements relating to obtaining the approval of the Secretary to enter into such a single annual contributions contract under that subparagraph. . Section 3(b)(6)(B)(i) of the United States Housing Act of 1937 ( 42 U.S.C. 1437a(b)(6)(B)(i) ) is amended by striking consortia and inserting consortium .
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Sec. 4
Ability of consortia to enter into single annual contributions contracts
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