removal of dividend restriction for nondwelling facilities in section 221 projects

removal of dividend restriction for nondwelling facilities in section 221 projects Sec. 306. Section 221(f) of the National Housing Act is amended by stinking out in the first sentence all that follows the word “mortgage in the proviso and inserting in lieu thereof “: Provided further, That, in the ease of a mortgage which bears interest at the below-market interest rate prescribed in the proviso of subsection (d)(5), the provisions of section 220(d) (3) (B) (iv) shall only apply if the mortgagor waives the right to receive dividends on its equity investment in the portion thereof devoted to commercial facilities.”