increased low-rent public housing authorization

increased low-rent public housing authorization Sec. 203. (a) Section 10(e) of the United States Housing Act of 1937 is amended by striking out “$366,250,000 per annum, which limit shall be increased by $47,000,000 on the date of enactment of the Housing and Urban Development Act of 1965, and by further amounts of $47,000,000 on July 1 in each of the years 1966, 1967, and 1968, reflectively,” in the first sentence and inserting in lieu thereof the following: “$554,250,000 per annum, which limit shall lie increased by $100,000,000 on the date of enactment of the Housing and Urban Development Act of 1968 and by further amounts of $150,000,000 on July 1 in each of the years 1969 and 1970,”. (b) Section 20 of such Act is amended— (1) by striking out “not to exceed $1,500,000,000” in the first sentence and inserting in lieu thereof “which shall not, unless authorized by the President, exceed $106,000,000”; and (2) by inserting after the first sentence the following: “For the purpose of determining obligations incurred to make loans pursuant to this Act against any limitation otherwise applicable with respect to such loans, the Secretary shall estimate the maximum amount to lie loaned at any one time pursuant to loan agreements then outstanding with public housing agencies.”