new community program amendments

new community program amendments Sec. 803. (a)(1) Part B of title VII of the Housing and Urban Development Act of 1970 is amended by striking out “Community Development Corporation” wherever it appears and inserting in lieu thereof “New Community Development Corporation”. (2) The heading of section 729 of such Act is amended by inserting “new” before “community”. (b) Section 729(b) of such Act is amended— (1) by striking out “five members” in the matter preceding paragraph (1) and inserting in lieu thereof “seven members”; and (2) by striking out “three persons” in paragraph (3) and inserting in lieu thereof “five persons”. (c) The last sentence of section 713(a) of such Act is amended by striking out “in amounts” and all that follows and inserting in lieu thereof “in amounts equal to 30 per centum of the interest paid on such obligations.” (d) Section 718(c) of such Act is amended by inserting before the period at the end thereof the following: “, or a project or portion of a project consisting of the purchase, renovation, or construction of facilities, the purchase of land, or the acquisition of equipment or works of art assisted by contracts or grants under section 5 of the National Foundation on the Arts and the Humanities Act of 1965”. (e) Section 711(f) of such Act is amended— (1) by striking out “sewage disposal” in the first and second sentences and inserting in lieu thereof “sewage or waste disposal”; (2) by inserting “community or neighborhood central heating or air-conditioning systems,” after “storm drainage facilities,” in the first sentence; and (3) by inserting “, a community or neighborhood central heating or air-conditioning system,” after “disposal installation” in the second sentence.