S.Amdt. 2380

1. Adds SEC. __. ENHANCED VOUCHER ASSISTANCE FOR CERTAIN ASSISTED HOUSING RESIDENTS wherever appropriate

   Adds a section

   Inserted: SEC. __. ENHANCED VOUCHER ASSISTANCE FOR CERTAIN ASSISTED HOUSING RESIDENTS.

   Inserted: (a) Enhanced Voucher Assistance.--Notwithstanding any other provision of law, contract, or covenant, and subject only to the availability of amounts provided in advance in appropriation Acts--

   Inserted: (1) upon the expiration, pursuant to paragraph (2), of the use restrictions applicable to the covered properties pursuant to the Emergency Low Income Housing Preservation Act of 1987 (12 U.S.C. 17151 note), each family who is an eligible low-income or moderate income family, as such terms are used for purposes of section 223(f)(2)(A) of the Low-Income Housing Preservation and Resident Homeownership Act of 1990 (12 U.S.C. 4113(f)(2)(A)), and, as of such expiration, is residing in dwelling unit in the covered properties not covered by project-based rental assistance, shall be offered enhanced voucher assistance under section 8(t) of the United States Housing Act of 1937 (42 U.S.C. 1437f(t)), and each such family who chooses to remain in the covered properties shall have 3 years from the date of the issuance of such enhanced voucher to commence use of the voucher;

   Inserted: (2) such use restrictions applicable to the covered properties shall be deemed to expire on March 1, 2010, but only if the owner of the covered properties enters into agreements with the Secretary to maintain the project-based rental assistance for the properties for a period beginning upon such expiration of not fewer than 20 years; and

   Inserted: (3) the contract rents for dwelling units in the covered properties covered by project-based rental assistance shall be determined during the period ending upon the expiration of such use restrictions pursuant to paragraph (2) based upon the rents for comparable unassisted and unrestricted units in the area in which the covered properties are located; except that before May 1, 2012, the rental assistance payments for such project-based units in the covered property known as Georgetowne Houses II shall be restricted to the rent levels provided under the Emergency Low Income Housing Preservation Act of 1987.

   Inserted: (b) Covered Properties.--For purposes of this section, the term "covered properties" means the housing developments known as Georgetowne Houses I and II (formerly identified by FHA project nos. 023-55058 and 023-55179), located in Boston, Massachusetts.

   Inserted: (c) Funding.--Amounts for the enhanced vouchers pursuant to this section shall be provided under amounts appropriated for tenant-based rental assistance otherwise authorized under section 8(t) of the United States Housing Act of 1937.

   Inserted: (d) Applicability.--This section shall take effect upon the date of enactment of this Act, and nothing in this section may be construed to require any administrative guidance.

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

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As printed