FLEXIBLE SUBSIDY PROGRAM.

SEC. 186. FLEXIBLE SUBSIDY PROGRAM. (a) Use of Section 236 Excess Rental Charges.— Section 236(f)(3) of the National Housing Act is amended by striking “September 30, 1985” and inserting “September 30, 1989”. (b) Assistance for Certain Housing Projects for Elderly or Handicapped Families.— (1) Section 201(a) of the Housing and Community Development Amendments of 1978 is amended by inserting “the Housing Act of 1959,” after “1937,”. (2) Section 201(c)(1)(A) of the Housing and Community Development Amendments of 1978 is amended by inserting before the semicolon at the end the following: “, or received a loan under section 202 of the Housing Act of 1959 more than 15 years before the date on which assistance is made available under this section”.