An amendment numbered 2 printed in House Report 110-369 to add additional flexibility to permitted fund uses, by allowing a grantee to use up to 10% of their funds for project operating accounts to cover shortfalls for projects assisted with trust fund dollars, to facilitate affordability for families below the SSI income limit.

1. 1

   Change 1: Inserts new text on page 53, line 20

   InsertsPrinted page

   Inserted: (F) use of funds to facilitate affordability for families having incomes described in section 296(c)(3), in a combined amount for a grantee in any fiscal year not to exceed 10 percent of the aggregate Trust Fund grant amounts provided to the grantee for such fiscal year, for project operating accounts used to cover net operating income shortfalls for dwelling units assisted with Trust Fund grant amounts;

   Original wording

   Page 53, after line 20, insert the following:

2. 2

   Change 2: Replaces “(F)” with “(G)”

   ReplacesPage 53, line 21Printed page

   [struck: (F)][inserted: (G)]

   Original wording

   Page 53, line 21, strike “(F)” and insert “(G)”.

3. 3

   Change 3: Replaces “(G)” with “(H)”

   ReplacesPage 54, line 4Printed page

   [struck: (G)][inserted: (H)]

   Original wording

   Page 54, line 4, strike “(G)” and insert “(H)”.

Read automatically from the Congressional Record. Check the original before relying on it.

As printed