low and moderate income housing in residential urban renewal areas

low and moderate income housing in residential urban renewal areas Sec. 512. Section 105(f) of the Housing Act of 1949 is amended lo read as follows: “(f) A majority of the housing units provided in each community’s total of such approved urban renewal projects as will be redeveloped for predominantly residential uses and which receive Federal recognition after the date of enactment of the Housing and Urban Development Act of 1968 shall be standard housing units for low and moderate income families or individuals: Provided, That the units in each community’s total of such approved urban renewal projects which are for low-income families or individuals shall constitute at least 20 per centum of the units in such projects, except that the Secretary may waive the requirement of this proviso in any community to the extent that units for low-income families and individuals are not needed. The Secretary shall promptly report any waiver under the proviso in 82 Stat. 525the preceding sentence to the Committees on Banking and Currency of the Senate and the House of Representatives.”