Sec. 202. Rental assistance contract authority
294 words·~1 min read·
/bill/119/s/1260/is/section-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 521(d) of the Housing Act of 1949 ( 42 U.S.C. 1490a(d) ), as amended by section 101(b), is amended— in paragraph (1)— by redesignating subparagraphs
(B)and
(C)as subparagraphs
(C)and (D), respectively; by inserting after subparagraph
(A)the following: upon request of an owner of a project financed under section 514 or 515, the Secretary is authorized to enter into renewal of such agreements for a period of 20 years or the term of the loan, whichever is shorter, subject to amounts made available in appropriations Acts; ; in subparagraph (C), as so redesignated, by striking subparagraph
(A)and inserting subparagraphs
(A)and
(B); and in subparagraph (D), as so redesignated, by striking subparagraphs
(A)and
(B)and inserting subparagraphs (A), (B), and
(C); in paragraph (2), by striking shall and inserting may ; and by adding at the end the following: 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 not more than 6 months before unused assistance is made available pursuant to subparagraph
(B)during which the owner may use such assistance authority to provide assistance on behalf of an eligible unassisted family that— is residing in the same rental project in which the assisted family resided before the termination; or newly occupies a dwelling unit in the rental project during that 6-month period; and except for assistance used as provided in subparagraph (A), the Secretary shall use such remaining authority to provide assistance on behalf of eligible families residing in other rental projects originally financed under section 514, 515, or 516. .
Connectionstraces to 1
Citation graph
cites case law
Sec. 202
Rental assistance contract authority
Cites 1Cited by 0 across 0 sources