S.Amdt. 3647

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.''.
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