supplementary financing for cooperative housing

supplementary financing for cooperative housing Sec. 304. Section 213(j) (2) (A) of the National Housing Act is amended by adding at the end thereof the following: “except that, in the case of improvements or additional community facilities, the outstanding indebtedness may lie increased by an amount equal to 97 per centum of the amount which the Secretary estimates will be the value of such improvements or facilities, and the new outstanding indebtedness may exceed the original principal obligation of the mortgage if such new outstanding indebtedness does not exceed the limitations imposed by subsection (b);”.