[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5245 Referred in Senate (RFS)]

103d CONGRESS
  2d Session
                                H. R. 5245


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

            October 7 (legislative day, September 12), 1994

                                Received

            October 8 (legislative day, September 12), 1994

Read twice and referred to the Committee on Banking, Housing, and Urban 
                                Affairs

_______________________________________________________________________

                                 AN ACT


 
 To provide for the extension of certain programs relating to housing 
           and community development, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Housing Programs Extension Act of 
1994''.

SEC. 2. HOUSING ASSISTANCE.

    (a) Expiring Section 8 Contracts.--
            (1) Requirement.--Subject only to the availability of 
        budget authority to carry out this section, not later than 
        October 1, 1995, the Secretary of Housing and Urban Development 
        shall make an offer to the owner of each housing project 
        assisted under an expiring contract to extend the term of the 
        expiring contract for 24 months beyond the date of the 
        expiration of the contract.
            (2) Terms of extension.--Except for terms or conditions 
        relating to the duration of the contract, the terms and 
        conditions under the extension provided pursuant to this 
        subsection of any expiring contract shall be identical to the 
        terms and conditions under the expiring contract.
            (3) Definition of expiring contract.--For purposes of this 
        subsection, the term ``expiring contract'' means a contract for 
        assistance pursuant to section 8(b)(2) of the United States 
        Housing Act of 1937 (as such section existed before October 1, 
        1983) having a term that expires before October 1, 1996.
            (4) Displacement assistance.--The Secretary of Housing and 
        Urban Development may make available to tenants residing in 
        units covered by an expiring contract that is not extended 
        pursuant to this subsection either--
                    (A) tenant-based assistance under section 8 of the 
                United States Housing Act of 1937; or
                    (B) a unit with respect to which project-based 
                assistance is provided under section 8 of the United 
                States Housing Act of 1937.
            (5) Authorization of appropriations.--There are authorized 
        to be appropriated such sums as may be necessary to carry out 
        this subsection.
    (b) Determination of Median Income.--Section 3(b)(2) of the United 
States Housing Act of 1937 (42 U.S.C. 1437a(b)(2)) is amended--
            (1) in the fourth sentence--
                    (A) by striking ``County'' and inserting ``and 
                Rockland Counties''; and
                    (B) by inserting ``each'' before ``such county''; 
                and
            (2) in the last sentence--
                    (A) by striking ``County'' the first place it 
                appears and inserting ``or Rockland Counties''; and
                    (B) by striking ``County'' the second place it 
                appears and inserting ``and Rockland Counties''.
    (c) Eligible Uses of Emergency Modernization Funds.--Section 
14(k)(1) of the United States Housing Act of 1937 (42 U.S.C. 
1437l(k)(1)) is amended--
            (1) in the first sentence, by striking ``$75,000,000'' and 
        inserting ``$50,000,000''; and
            (2) by adding at the end the following new sentences: ``Of 
        the amounts reserved each year under this paragraph, the 
        Secretary shall make available to the Inspector General of the 
        Department of Housing and Urban Development not more than 
        $5,000,000 for costs in connection with efforts to combat 
        violent crime in public housing. Using amounts made available 
        pursuant to the preceding sentence during fiscal year 1995, the 
        Secretary shall provide amounts in such fiscal year for the 
        continuation of the drug elimination activities under Project 
        Nos. IA05PO98003004 and IA05DEP0980193.''.
    (d) Low-Income Housing Preservation and Resident Homeownership 
Act.--
            (1) Acquisition grants.--Section 234(b) of the Housing and 
        Community Development Act of 1987 (12 U.S.C. 4124(b)) is 
        amended by striking ``1993,'' and all that follows through 
        ``1994,'' and inserting ``1995''.
            (2) Technical assistance and capacity building.--Section 
        257 of the Housing and Community Development Act of 1987 (12 
        U.S.C. 4147) is amended by striking ``1993,'' and all that 
        follows through ``1994,'' and inserting ``1995''.
    (e) Use of Section 236 Rental Assistance Fund Amounts for Flexible 
Subsidies.--Section 236(f)(3) of the National Housing Act (12 U.S.C. 
1715z-1(f)(3)) is amended by striking ``September 30, 1994'' and 
inserting ``September 30, 1995''.
    (f) Housing Counseling.--
            (1) Emergency homeownership counseling.--Section 106(c)(9) 
        of the Housing and Urban Development Act of 1968 (12 U.S.C. 
        1701x(c)(9)) is amended by striking ``September 30, 1994'' and 
        inserting ``September 30, 1995''.
            (2) Prepurchase and foreclosure prevention counseling 
        demonstration.--Section 106(d)(13) of the Housing and Urban 
        Development Act of 1968 (12 U.S.C. 1701x(d)(13)) is amended by 
        striking ``fiscal year 1994'' and inserting ``fiscal year 
        1995''.
    (g) Major Reconstruction of Public Housing for Disabled Families.--
Section 5(j)(2)(G)(i) of the United States Housing Act of 1937 (42 
U.S.C. 1437e(j)(2)(G)(i)) is amended by striking ``fiscal years 1993 
and 1994'' and inserting ``fiscal year 1995''.
    (h) National Homeownership Fund.--Section 172 of the bill, H.R. 
3838 (103d Congress), as passed by the House of Representatives on July 
22, 1994, is hereby enacted into law.
    (i) Treatment of Certain Projects.--
            (1) Conversion of section 23 project.--From amounts 
        available for the conversion of the Tamaqua Highrise project in 
        the Borough of Tamaqua, Pennsylvania, from a leased housing 
        contract under section 23 of the United States Housing Act of 
        1937 to tenant-based assistance under section 8 of such Act, 
        the Secretary of Housing and Urban Development shall, to the 
        extent such amounts are made available in appropriation Acts, 
        enter into an obligation for the conversion of the project to a 
        project-based rental assistance contract under section 8 of 
        such Act, notwithstanding the requirement for rehabilitation or 
        the percentage limitations under section 8(d)(2) of such Act.
            (2) Compliance with rehabilitation requirement.--
        Rehabilitation activities undertaken by E.T.C. Enterprises in 
        connection with 16 scattered-site dwelling units that were 
        rehabilitated to provide housing for low-income families and 
        are located in Perth Amboy, New Jersey, and rehabilitation 
        activities undertaken by Pennrose Properties in connection with 
        40 dwelling units for senior citizens in the Providence Square 
        development located in New Brunswick, New Jersey, are hereby 
        deemed to have been conducted pursuant to the approval of and 
        an agreement with the Secretary of Housing and Urban 
        Development under clauses (i) and (ii) of the third sentence of 
        section 8(d)(2)(A) of the United States Housing Act of 1937.
            (3) Eligibility of public housing for demolition.--Section 
        415 of the Department of Housing and Urban Development--
        Independent Agencies Appropriations Act, 1988 (Public Law 100-
        202; 101 Stat. 1329-213), is amended by striking ``George 
        Loving Place, at 3320 Rupert Street, Edgar Ward Place, at 3901 
        Holystone, Elmer Scott Place, at 2600 Morris, in Dallas, Texas, 
        or''.
            (4) Section 23 conversion.--
                    (A) Authorization.--Notwithstanding contracts 
                entered into pursuant to section 14(b) of the United 
                States Housing Act of 1937, the Secretary is authorized 
                to enter into obligations for the conversion of the 
                Pine Tower Apartments in Bay City, Michigan, from a 
                leased housing contract under section 23 of such Act to 
                a project-based rental assistance contract under 
                section 8 of such Act.
                    (B) Repayment required.--The authorization made in 
                subparagraph (A) is conditioned on the repayment to the 
                Secretary of all amounts received by the public housing 
                agency under the comprehensive improvement assistance 
                program under section 14 of the United States Housing 
                Act of 1937 for the Pine Tower Apartment project and 
                the amounts, as determined by the Secretary, received 
                by the public housing agency under the formula in 
                section 14(k) of such Act by reason of the project.

SEC. 3. RURAL HOUSING.

    (a) Underserved Areas Set-Aside.--Section 509(f)(4)(A) of the 
Housing Act of 1949 (42 U.S.C. 1479(f)(4)(A)) is amended--
            (1) in the first sentence, by striking ``fiscal years 1993 
        and 1994'' and inserting ``fiscal year 1995''; and
            (2) in the second sentence, by striking ``each''.
    (b) Rural Multifamily Rental Housing.--Section 515(b) of the 
Housing Act of 1949 (42 U.S.C. 1485(b)) is amended--
            (1) by striking paragraphs (2) and (4);
            (2) by redesignating paragraph (3) as paragraph (4); and
            (3) by inserting after paragraph (1) the following new 
        paragraphs:
            ``(2) such a loan may be made for a period of up to 50 
        years from the making of the loan;
            ``(3) the terms and conditions of such a loan shall provide 
        for periodic payments, during the term of the loan, based upon 
        a schedule for complete amortization of the loan over a 50-year 
        period and for payment of any outstanding amounts due under the 
        loan not later than the expiration of the term of the loan;''.
    (c) Rural Rental Housing Funds for Nonprofit Entities.--The first 
sentence of section 515(w)(1) of the Housing Act of 1949 (42 U.S.C. 
1485(w)(1)) is amended by striking ``fiscal years 1993 and 1994'' and 
inserting ``fiscal year 1995''.
    (d) Loan Guarantees for Rural Multifamily Rental Housing Loans.--
Section 517 of the bill, H.R. 3838 (103d Congress), as passed by the 
House of Representatives on July 22, 1994, is hereby enacted into law.
    (e) Eligibility of Area for Rural Homeownership Loans.--Section 502 
of the Housing Act of 1949 (42 U.S.C. 1472) is amended by adding at the 
end the following new subsection:
    ``(i) Notwithstanding section 520, the Secretary may make loans 
under this section for properties in the Pine View West Subdivision, 
located in Gibsonville, North Carolina, in the same manner as provided 
under this section for properties in rural areas.''.
    (f) Definition of Rural Area.--The last sentence of section 520 of 
the Housing Act of 1949 (42 U.S.C. 1490) is amended by striking ``city 
of'' and inserting ``cities of South Tucson, Arizona, and''.

SEC. 4. MORTGAGE INSURANCE AND SECONDARY MORTGAGE MARKET PROGRAMS.

    (a) Multifamily Housing Finance.--Section 542(b)(5) of the Housing 
and Community Development Act of 1992 (12 U.S.C. 1707 note) is amended 
by striking ``and 1994'' and inserting ``, 1994, and 1995''.
    (b) Assessment Collection Dates for Office of Federal Housing 
Enterprise Oversight.--Section 1316(b) of the Housing and Community 
Development Act of 1992 (12 U.S.C. 4516(b)) is amended by striking 
paragraph (2) and inserting the following new paragraph:
            ``(2) Timing of payment.--The annual assessment shall be 
        payable in installments on October 1 and April 1 of each fiscal 
        year.''.

SEC. 5. COMMUNITY DEVELOPMENT.

    (a) Certain CDBG Assistance.--Section 916(f) of the Cranston-
Gonzalez National Affordable Housing Act (42 U.S.C. 5306 note) is 
amended by striking ``Act shall apply only with respect to fiscal years 
1991, 1992, 1993, and 1994'' and inserting ``section shall not apply to 
fiscal years after fiscal year 1995''.
    (b) CDBG Public Services Limitations.--Section 105(a)(8) of the 
Housing and Community Development Act of 1974 (42 U.S.C. 5305(a)(8)) is 
amended--
            (1) by striking ``and'' after ``under this paragraph,'';
            (2) by striking ``fiscal year 1994'' and inserting ``fiscal 
        years 1994 and 1995''; and
            (3) by inserting before the semicolon at the end the 
        following: ``, and except that of any amount of assistance 
        under this title (including program income) to the Cities of 
        Fairfield, Vallejo, Napa, and Vacaville, in California, such 
        cities may use not more than 20 percent in fiscal year 1995 for 
        activities under this paragraph'';
    (c) Use of Grant Amounts.--
            (1) Pittsburgh, pennsylvania.--Notwithstanding any other 
        provision of law, the city of Pittsburgh, Pennsylvania, may 
        retain any amounts provided under an urban development action 
        grant for Project No. B-86-AA-42-0275 and use such funds for 
        the Central Pittsburgh Plaza project, if such project is 
        commenced not later than 6 months after the date of the 
        enactment of this Act.
            (2) Wilkes-barre, pennsylvania.--Notwithstanding any other 
        provision of law, the city of Wilkes-Barre, Pennsylvania, may 
        retain any amounts provided under an urban development action 
        grant for Project No. B-87-AA-42-1211 and use such funds for 
        the Northeastern Pennsylvania Economic Development project, if 
        such project is commenced not later than 6 months after the 
        date of enactment of this Act.
            (3) Richmond, virginia.--The Secretary of Housing and Urban 
        Development shall cancel the indebtedness of the city of 
        Richmond, Virginia, relating to the categorical program 
        settlement grant provided to the city to settle four urban 
        renewal programs (Project No. B-78-UR-51-0019). The city of 
        Richmond, Virginia, is hereby relieved of all liability to the 
        Federal Government for such grant and any fees and charges 
        payable in connection with such grant.
            (4) Lockport township, illinois.--The Secretary of Housing 
        and Urban Development shall cancel the indebtedness of Lockport 
        Township, Illinois, relating to the public facilities loan for 
        Project No. ILL-11-PFL0112. Lockport Township, Illinois, is 
        hereby relieved of all liability to the Federal Government for 
        the outstanding principal balance on such loan, the amount of 
        accrued interest on such loan, and any other fees and charges 
        payable in connection with such loan.
            (5) Budget compliance.--Paragraphs (3) and (4) of this 
        subsection shall be effective only to the extent, or in such 
        amounts, as are provided in appropriation Acts.
    (d) New Towns Demonstration Program.--
            (1) Insurance authority.--The first sentence of section 
        1104(d) of the Housing and Community Development Act of 1992 
        (42 U.S.C. 5318 note) is amended to read as follows: ``To the 
        extent provided in appropriation Acts, the Secretary shall use 
        any authority provided pursuant to section 531(b) of the 
        National Housing Act to enter into commitments to insure loans 
        and mortgages under this section in fiscal year 1995 with an 
        aggregate principal amount not exceeding such sums as may be 
        necessary to carry out the demonstration under this title.''.
            (2) Second mortgage assistance.--Section 1105(e) of the 
        Housing and Community Development Act of 1992 (42 U.S.C. 5318 
        note) is amended to read as follows:
            ``(5) Authorization of appropriations.--There are 
        authorized to be appropriated for fiscal year 1995 such sums as 
        may be necessary for providing assistance under this 
        section.''.
            (3) Community development assistance.--Section 1106(h) of 
        the Housing and Community Development Act of 1992 (42 U.S.C. 
        5318 note) is amended to read as follows:
            ``(8) Authorization of appropriations.--There are 
        authorized to be appropriated for fiscal year 1995 such sums as 
        may be necessary for assistance under this section.''.
    (e) Economic Development Grants.--Section 108(q) of the Housing and 
Community Development Act of 1974 is amended by adding at the end the 
following new paragraph:
            ``(5) Authorization of appropriations.--Using any amounts 
        appropriated for grants under this subsection for fiscal year 
        1995, the Secretary shall make a grant in the amount of 
        $3,650,000 in such fiscal year to the Earth Conservancy in 
        Luzerne County, Pennsylvania, which shall be used for carrying 
        out a demonstration of using innovative environmental 
        technologies to reclaim land used for community and economic 
        development purposes that has been damaged by anthracite coal 
        mining activities.''.

SEC. 6. MISCELLANEOUS PROVISIONS.

    (a) State Agencies as Sureties.--Section 9304 of title 31, United 
States Code, is amended by adding at the end the following new 
subsection:
    ``(c) State Agencies.--A State agency, including any financing 
authority established by any State, which meets the requirements of 
paragraphs (2) and (3) of subsection (a) may be treated as a surety 
corporation for purposes of this chapter. Notwithstanding any other 
provision of law, user fees collected by the Financial Management 
Services incident to sections 9304 through 9309 of this title shall be 
credited to the appropriation of that agency and may be retained 
without fiscal year limitation to carry out the provisions of such 
sections.''.
    (b) Clarification of Effective Date for Amendment Relating to 
Commercial Mortgage Related Securities.--Section 347(d) of the Riegle 
Community Development and Regulatory Improvement Act of 1994 (Public 
Law 103-325; 108 Stat. 2241) is amended to read as follows:
    ``(d) Effective Date.--
            ``(1) In general.--Except as provided in paragraph (2), the 
        amendment made by subsection (a) shall take effect as of the 
        date of the enactment of the Housing Programs Extension Act of 
        1994.
            ``(2) National and insured state banks.--The amendment made 
        by subsection (a) shall not apply with respect to national 
        banks or, in accordance with section 24 of the Federal Deposit 
        Insurance Act, insured State banks before the effective date of 
        final regulations prescribed by the Comptroller of the Currency 
        pursuant to subsection (c).''.

            Passed the House of Representatives October 7, 1994.

            Attest:

                                           DONNALD K. ANDERSON,

                                                                 Clerk.