1.Assistance for landlords of
low- to moderate-income tenantsSection 406 of the Robert T. Stafford
Disaster Relief and Emergency Assistance Act is amended—
(1)in subsection
(a)(1)—
(A)by striking
and
at the end of subparagraph (A);
(B)by striking the
period at the end of subparagraph (B) and inserting ; and
;
and
(C)by adding at the
end the following:
(C)subject to
paragraph (5), to a person who owns or operates rental dwelling units described
in such paragraph, made available for occupancy only by low- or moderate-income
tenants as defined by the Administrator, damaged or destroyed by a major
disaster for the repair, restoration, reconstruction, or replacement of the
dwelling
units.
;
(2)at the end of
subsection (a), by adding the following:
(5)Conditions for
assistance to owners or operators of certain dwelling unitsThe President may make contributions to a
person who owns or operates rental dwelling units if—
(A)before the disaster the units were made
available for occupancy only by low- or moderate-income tenants as determined
by the Administrator;
(B)the owner or
operator will continue for a minimum period of time determined by the
Administrator to make available rental dwelling units for occupancy only by
low- or moderate-income tenants; and
(C)the owner or
operator has applied for a disaster loan under section 7(b) of the Small
Business Act (15 U.S.C. 636(b)) and has been determined to be ineligible for
such a loan or has obtained such a loan in the maximum amount for which the
Small Business Administration determines the owner or operator is
eligible.
;
(3)in subsection
(b)(2) by inserting , dwelling unit,
after public
facility,
;
(4)in subsection
(d)(1) by striking or
and inserting , dwelling units, or
a
; and
(5)in subsection
(e)(1)(A) by inserting , dwelling unit,
after public
facility
.