USE OF ASSISTANCE.

SEC. 604. USE OF ASSISTANCE. (a) In General.— Any nonprofit organization receiving assistance under this title shall use such assistance to provide loans to families purchasing homes constructed or substantially rehabilitated in accordance with a Nehemiah housing opportunity program approved under this title. (b) Specific Requirements.— Each loan made to a family under this section shall— (1) be secured by a second mortgage held by the Secretary on the property involved; (2) be in an amount not exceeding $15,000; (3) bear no interest; and (4) be repayable to the Secretary upon the sale, lease, or other transfer of such property.