[Congressional Record Volume 164, Number 126 (Thursday, July 26, 2018)]
[Senate]
[Page S5433]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3647. Mr. WICKER submitted an amendment intended to be proposed to 
amendment SA 3399 proposed by Mr. Shelby to the bill H.R. 6147, making 
appropriations for the Department of the Interior, environment, and 
related agencies for the fiscal year ending September 30, 2019, and for 
other purposes; which was ordered to lie on the table; as follows:

       On page 344, line 4, strike ``needs.'' and insert ``needs: 
     Provided further, That of amounts made available under this 
     heading, $20,000,000 shall be provided for rental assistance 
     under section 521 of the Housing Act of 1949, which shall be 
     designated as supplemental servicing rental assistance to 
     assist residents financed with a mortgage loan under section 
     515 of the Housing Act of 1949 to help address ongoing 
     operating expenses and capital improvements, including the 
     use of private activity bonds and low-income housing tax 
     credits to acquire and rehabilitate properties at risk of 
     leaving the program under such section 515: Provided further, 
     That not less than $10,000,000 of amounts made available 
     under this heading shall be provided for the preservation of 
     properties assisted under such section 515 to prevent loss 
     through prepayment or foreclosure: Provided further, That 
     when the Secretary recaptures rental assistance, removes 
     rental assistance from a property, or recaptures rental 
     assistance when a unit receiving rental assistance is lost 
     through prepayment, maturity, or foreclosure, the Secretary 
     shall apply that rental assistance as supplemental servicing 
     rental assistance to remaining properties assisted under such 
     section 515, with priority given to properties in rural 
     counties designated by the Federal Housing Finance Agency as 
     high-needs counties for duty to serve purposes.''.
                                 ______