projects involving the acquisition and development of air rights sites

projects involving the acquisition and development of air rights sites Sec. 308. (a) Section 110(c)(1) of the Housing Act of 1949 is amended by— (1) inserting a new clause (iv) before the proviso to read as follows: or (iv) air rights in an area consisting principally of land in highways, railway or subway tracks, bridge or tunnel entrances, or other similar facilities which have a blighting influence on the surrounding area and over which air rights sites are to be developed for the elimination of such blighting influences and for the provision of housing (and related facilities and uses) designed specifically for, and limited to, families and individuals of low or moderate income”; (2) striking out in the proviso “an open land project” and inserting in lieu thereof “projects under clauses (iii) and (iv) hereof”; and (3) adding before the semicolon at the end thereof the following: “: Provided further, That the aggregate amount of capital grants for projects under clause (iv) shall not exceed 5 per centum of the aggregate amount of grants authorized by this title to be contracted for after the date of enactment of the Housing Act of 1964”. 78 Stat. 788 (b) Section 110(c) of such Act is further amended by— (1) striking out “and” at the end of paragraph (6), and redesignating paragraph (7) as paragraph (8); (2) inserting after paragraph (6) a new paragraph as follows: “(7) construction of foundations and platforms necessary for the provision on air rights sites of housing (and related facilities and uses) designed specifically for, and limited to, families and individuals of low or moderate income; and”; and (3) striking out “paragraph (7)” in the third sentence (as numbered prior to the amendments made by this Act) and inserting in lieu thereof “paragraphs (7) and (8)”. (c) Section 110(d) of such Act is amended by striking out “project)” and inserting in lieu thereof “project, or of air rights over streets, alleys, and other public rights-of-way)”. (d) Section 110(e) of such Act is amended by striking out “and (7)” in clause (i) and inserting in lieu thereof “(7), and (8)”.