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Title II — Affordable housing activities

S. 1352 · 113th Congress · Jul 24, 2013 · Lineage

II Affordable housing activities

Sec. 201 Low-income requirement and income targeting

Section 205 (25 U.S.C. 4135) is amended by striking subsection (c) and inserting the following:

“(c) Applicability

“(1) In general—The provisions of subsection (a)(2) regarding binding commitments for the remaining useful life of property shall not apply to—

“(A) a family or household member who subsequently takes ownership of a homeownership unit; or

“(B) any improvement to a privately owned homeownership unit if the aggregate value of the improvement for the 5-year period following completion of the improvement is less than $10,000.

“(d) Purchase—In the case of rental housing that is made available to a current rental tenant for conversion to a homebuyer or lease-purchase unit, the current rental tenant may purchase through a contract to purchase, lease-purchase agreement, or any other sales agreement if the unit is made available for occupancy by a family that is a low-income family at the time of initial occupancy.”

Sec. 202 Lease requirements and tenant selection

Section 207 (25 U.S.C. 4137) is amended by adding at the end the following:

“(c) Notice of termination—The notice period described in subsection (a)(3) shall apply to projects and programs funded in part by amounts authorized under this Act.”

Sec. 203 Self-determined housing activities for tribal communities

Subtitle B of title II (25 U.S.C. 4145 et seq.) is repealed.

Sec. 204 Total development cost maximum project cost

Affordable housing (as defined in section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4103)) that is developed, acquired, or assisted under the block grant program established under section 101 of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4111) shall not exceed by more than 20 percent, without prior approval of the Secretary of Housing and Urban Development, the total development cost maximum cost for all housing assisted under an affordable housing activity, including development and model activities.