DEPARTMENT Ob’ HOUSING AND URBAN DEVELOPMENT

DEPARTMENT Ob’ HOUSING AND URBAN DEVELOPMENT Federal Insurance Programs flood insurance For necessary administrative expenses, not otherwise provided for, in carrying out the National Flood Insurance Act of 1968 (82 Stat. 572), $1,500,000. Mortgage Credit homeownership and rental housing assistance For homeownership assistance payments, authorized by section 235, and for interest reduction payments as authorzied by section 236 of the National Housing Act, as amended (82 Stat. 477 and 498), $7,000,000: Provided, That the total payments that may be required in any fiscal year by all contracts entered into under section 235 shall not exceed $25,000,000 and by those entered into under section 236 shall not exceed $25,000,000. low and moderate income sponsor fund For the low and moderate income sponsor fund, authorized by section 106 of the Housing and Urban Development Act of 1968 (82 Stat. 490),$500,000. Federal Housing Administration salaries and expenses For necessary administrative expenses of programs of mortgage credit, not otherwise provided for, $625,000. Limitation on Administrative and Nonadministrative Expenses, Federal Housing Administration In addition to amounts made available under this head for the current fiscal year, not to exceed $350,000 shall be available for administrative expenses and not to exceed $3,500,000 shall be available for nonadministrative expenses. Departmental Management fair housing program For expenses necessary to carry out the functions of the Secretary of Housing and Urban Development under the provisions of Title VIII of the Civil Rights Act of 1968 (82 Stat. 81), $2,000,000. Renewal and Housing Assistance college housing The total payments that may be required in any fiscal year by all contracts for annual grants with educational institutions entered into pursuant to section 401 of the Housing Act of 1950, as amended (82 Stat. 604), shall not exceed $3,000,000. 82 Stat. 1194 salaries and expenses For an additional amount for “Salaries and expenses”, $500,000.