SHORT TITLE AND TABLE OF CONTENTS.

SECTION 1. SHORT TITLE AND TABLE OF CONTENTS. (a) Short Title.— This Act may be cited as the “Housing and Community Development Act of 1987”. (b) Table of Contents.— Sec. 1. Short title and table of contents. Sec. 2. Findings and purpose. Sec. 3. Budget compliance. Sec. 4. Credit limitation. Sec. 5. Limitation on spending authority. TITLE I—HOUSING ASSISTANCE Subtitle A—Programs Under United States Housing Act of 1937 Part 1—General Provisions Sec. 101. Lower income housing authorization. Sec. 102. Tenant rental contributions. Sec. 103. Income eligibility for assisted housing. Part 2—Public Housing Sec. 111. Discretionary preference for near elderly families in public housing projects designed for the elderly. Sec. 112. Grants for public housing development. Sec. 113. Limitation on public housing development and assurance of public housing quality standards. Sec. 114. Limitation on recapture of funding reservations. Sec. 115. Indian public housing. Sec. 116. Location of acquired housing. Sec. 117. Public housing child care grants. Sec. 118. Payments for operation of lower income housing projects. Sec. 119. Comprehensive improvement assistance program. Sec. 120. Comprehensive improvement assistance special purpose needs. Sec. 121. Public housing demolition and disposition. Sec. 122. Public housing resident management. Sec. 123. Public housing homeownership and management opportunities. Sec. 124. Treatment of certain public housing development funds. Sec. 125. Energy efficient public housing demonstration. Sec. 126. Public housing comprehensive transition demonstration. Part 3—Section 8 Assistance and Other Programs Sec. 141. Section 8 contracts for existing dwelling units. Sec. 142. Section 8 fair market rentals and contract rents. Sec. 143. Housing voucher program. Sec. 144. Administrative fees for section 8 certificate and housing voucher programs. Sec. 145. Portability of section 8 certificates and vouchers. Sec. 146. Prohibition of denial of section 8 certificates and vouchers to residents of public housing. Sec. 147. Nondiscrimination against section 8 certificate holders and voucher holders. Sec. 148. Project-based section 8 assistance. Sec. 149. Section 8 assistance for residents of rental rehabilitation projects. 101 STAT. 1816 Sec. 150. Rental rehabilitation grants. Sec. 151. Rental development grants. Sec. 152. Termination of rental development grant program. Subtitle B—Other Housing Assistance Programs Sec. 161. Housing for the elderly and handicapped. Sec. 162. Housing for the handicapped. Sec. 163. Congregate services. Sec. 164. Modification of restriction on use of assisted housing by aliens. Sec. 165. Preventing fraud and abuse in Department of Housing and Urban Development programs. Sec. 166. Annual report on characteristics of families in assisted housing. Sec. 167. Section 236 rental housing program. Sec. 168. Tenant eligibility determinations in rent supplement projects. Sec. 169. Counseling to tenants and homeowners. Sec. 170. Housing assistance technical amendments. Subtitle C—Multifamily Housing Management and Preservation Sec. 181. Management and preservation of HUD-owned multifamily housing projects. Sec. 182. Acquisition of insured multifamily housing projects. Sec. 183. Tenant participation in multifamily housing projects. Sec. 184. Multifamily housing disposition partnership. Sec. 185. Multifamily housing capital improvements assistance. Sec. 186. Flexible subsidy program. TITLE II—PRESERVATION OF LOW INCOME HOUSING Subtitle A—General Provisions Sec. 201. Short title. Sec. 202. Findings and purpose. Sec. 203. Termination of certain provisions. Subtitle B—Prepayment of Mortgages Insured Under National Housing Act Sec. 221. General prepayment limitation. Sec. 222. Notice of intent Sec. 223. Plan of action. Sec. 224. Incentives to extend low income use. Sec. 225. Criteria for approval of plan of action. Sec. 226. Alternative State strategy. Sec. 227. Timetable for approval of plan of action. Sec. 228. Modification of existing regulatory agreements. Sec. 229. Consultations with other interested parties. Sec. 230. Right of conversion to alternative prepayment system. Sec. 231. Insurance for second mortgage financing. Sec. 232. Report to Congress. Sec. 233. Definitions. Sec. 234. Regulations. Sec. 235. Effective date. Subtitle C—Rural Rental Housing Displacement Prevention Sec. 241. Prepayment and refinancing procedures. Sec. 242. Equity recapture loans and loans to nonprofit organizations and public agencies. Sec. 243. Use of Rural Housing Insurance Fund. Subtitle D—Other Measures to Preserve Low Income Housing Sec. 261. Early prepayment. Sec. 262. Section 8 assistance. Sec. 263. Section 515 operating reserve and equity contribution requirements. TITLE III—RURAL HOUSING Sec. 301. Program authorizations. Sec. 302. Eligibility requirements. Sec. 303. Escrowing taxes and insurance. Sec. 304. Rural housing guaranteed loan demonstration. Sec. 305. Definition of domestic farm labor. Sec. 306. Conformance with low-income housing tax credit eligibility requirements. Sec. 307. Limitation of fees on rural rental housing loans. 101 STAT. 1817 Sec. 308. Rural area classification. Sec. 309. Procedures for reduction of interest credits. Sec. 310. Rural housing preservation grant program. Sec. 311. Rural rental rehabilitation demonstration. Sec. 312. Study of mortgage credit in rural areas. Sec. 313. Debt settlement authority of Secretary. Sec. 314. Manufactured housing. Sec. 315. Loan packaging by nonprofit organizations. Sec. 316. Rural housing technical amendments. TITLE IV—MORTGAGE INSURANCE AND SECONDARY MORTGAGE MARKET PROGRAMS Subtitle A—FHA Mortgage Insurance Programs Sec. 401. Insurance authority for FHA. Sec. 402. Amount to be insured under National Housing Act. Sec. 403. Limitation on Federal Housing Administration insurance premiums. Sec. 404. Increase in maximum mortgage amount under single family insurance program. Sec. 405. Change in definition of veteran. Sec. 406. Limitation on use of single family mortgage insurance by investors. Sec. 407. Actions to reduce losses under single family mortgage insurance program. Sec. 408. Insurance of graduated payment mortgages. Sec. 409. Refinancing mortgage insurance for hospitals, nursing homes, intermediate care facilities, and board and care homes. Sec. 410. Mortgage insurance for nursing homes, intermediate care facilities, and board and care homes. Sec. 411. Requirement of State approval for mortgage insurance for hospitals. Sec. 412. Mortgage insurance for public hospitals. Sec. 413. Mortgage insurance on Hawaiian home lands and Indian reservations. Sec. 414. Co-insurance program. Sec. 415. Increase in authority to insure adjustable rate single family mortgages. Sec. 416. Penalties for equity skimming. Sec. 417. Home equity conversion mortgage insurance demonstration. Sec. 418. Assurance of adequate processing of applications for loan and mortgage insurance. Sec. 419. Prohibition of lender requirements discouraging loans with lower principal amounts. Sec. 420. Repeal of requirement to publish prototype housing costs for 1- to 4-family dwelling units. Sec. 421. Double damages remedy for unauthorized use of multifamily housing project assets and income. Sec. 422. Miscellaneous mortgage insurance provisions. Sec. 423. Calculation of maximum mortgage amount under single family insurance program. Sec. 424. Approval of individual residential water purification or treatment units. Sec. 425. Regulation of rents in insured projects. Sec. 426. Mortgage limits for multifamily projects. Sec. 427. Operating loss loan insurance. Sec. 428. Interest charges on temporary mortgage assistance payments and assignment or other assistance. Sec. 429. Mortgage insurance technical amendments. Sec. 430. Release of pool funds. Subtitle B—Secondary Mortgage Market Programs Sec. 441. Limitations on certain secondary mortgage market fees. Sec. 442. FNMA cumulative voting. Sec. 443. Permanent authority to purchase second mortgages on single-family properties. Sec. 444. Period for approval of actions of FNMA. Sec. 445. Prohibition of limitation on FHLMC mortgage operations. Sec. 446. Limitation on GNMA guarantees of mortgage-backed securities. TITLE V—COMMUNITY DEVELOPMENT AND MISCELLANEOUS PROGRAMS Subtitle A—Community and Neighborhood Development and Preservation Sec. 501. Community development authorizations. Sec. 502. Targeting of benefits to persons of low and moderate income. Sec. 503. City and county classifications. Sec. 504. Eligible activities. 101 STAT. 1818 Sec. 505. Statement of activities and review. Sec. 506. Alleviation of lakefront flooding and erosion. Sec. 507. Housing assistance plans. Sec. 508. Citizen participation plan. Sec. 509. Conserving neighborhoods and housing by prohibiting displacement. Sec. 510. Limited new construction of housing under community development block grant program. Sec. 511. Availability of community development block grants for uniform emergency telephone number systems. Sec. 512. State certifications for receiving community development block grants for nonentitlement areas. Sec. 513. Administrative expenses of States distributing funds to nonentitlement areas. Sec. 514. Community development block grant loan guarantees. Sec. 515. Urban development action grant selection criteria. Sec. 516. Prohibition on use of urban development action grants for business relocations. Sec. 517. Urban homesteading. Sec. 518. Rehabilitation loans. Sec. 519. Loan cancellation. Sec. 520. Neighborhood reinvestment corporation. Sec. 521. Neighborhood development demonstration program. Sec. 522. Park Central New Community Project. Sec. 523. Community development projects labor standards. Sec. 524. Urban planning. Sec. 525. Community development technical amendments. Subtitle B—Flood and Crime Insurance Programs Sec. 541. Extension of flood insurance program. Sec. 542. Extension of crime insurance program. Sec. 543. Studies under national flood insurance program. Sec. 544. Schedule for payment of flood insurance for structures on land subject to imminent collapse or subsidence. Sec. 545. Flood and crime insurance technical amendments. Subtitle C—Miscellaneous Programs Sec. 561. Fair housing initiatives program. Sec. 562. Collection of certain data. Sec. 563. Regulatory authority. Sec. 564. Research and development Sec. 565. Home mortgage disclosure. Sec. 566. Lead-based paint poisoning prevention. Sec. 567. Median area income. Sec. 568. Manufactured housing construction and safety standards. Sec. 569. Nullification of right of redemption of single-family mortgagors. Sec. 570. Miscellaneous programs technical amendments. Sec. 571. Use of American materials and products. Sec. 572. Study of voluntary standards for modular homes. TITLE VI—NEHEMIAH HOUSING OPPORTUNITY GRANTS Sec. 601. Statement of purpose. Sec. 602. Definitions. Sec. 603. Assistance to nonprofit organizations. Sec. 604. Use of assistance. Sec. 605. Program requirements. Sec. 606. Terms and conditions of assistance. Sec. 607. Program selection criteria. Sec. 608. Distribution of assistance to nonprofit organizations. Sec. 609. Nehemiah Housing Opportunity Fund. Sec. 610. Report. Sec. 611. Regulations. Sec. 612. Authorization of appropriations. Sec. 613. Sunset. TITLE VII—ENTERPRISE ZONE DEVELOPMENT Sec. 701. Designation of enterprise zones. Sec. 702. Evaluation and reporting requirements. Sec. 703. Interaction with other Federal programs. Sec. 704. Waiver or modification of housing and community development rules in enterprise zones. 101 STAT. 1819 Sec. 705. Coordination of housing and urban development programs in enterprise zones. Sec. 706. Coordination with CDBG and UDAG programs.