direct loans to provide housing for the elderly or handicapped

direct loans to provide housing for the elderly or handicapped Sec. 105. (a) Section 202(a)(4) of the Housing Act of 1959 is amended by striking out “$350,000,000” and inserting in lieu thereof “$500,000,000”. (b) Effective with respect to loans made on or after the date of the enactment of this Act, section 202(a)(3) of such Act is amended by striking out “the higher of (A) 2% per centum per annum, or” and inserting in lieu thereof “the lower of (A) 3 per centum per annum, or”.