Sec. 555. HOMEOWNERSHIP OPTION
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## SEC. 555 HOMEOWNERSHIP OPTION * * * * * * * ###
(b)Demonstration Program **[**[42 U.S.C. 1437f note](/us/usc/t42/s1437f)**]** ####
(1)In general With the consent of the affected public housing agencies, the Secretary may carry out (or contract with 1 or more entities to carry out) a demonstration program under section 8(y) of the United States Housing Act of 1937 (42 U.S.C. 1437f(y)) to expand homeownership opportunities for low-income families. ####
(2)Report The Secretary shall report annually to Congress on activities conducted under this subsection. ###
(c)Applicability **[**[42 U.S.C. 1437f note](/us/usc/t42/s1437f)**]** This section shall take effect on, and the amendments made by this section are made on, and shall apply beginning upon, the date of the enactment of this Act.4 4October 21, 1998.
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Sec. 555
HOMEOWNERSHIP OPTION
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