DISTRIBUTION OF ASSISTANCE TO NONPROFIT ORGANIZATIONS.

SEC. 608. DISTRIBUTION OF ASSISTANCE TO NONPROFIT ORGANIZATIONS. (a) Reservation of Amounts.— Following the selection of any Nehemiah housing opportunity program for assistance under this title, the Secretary snail reserve sufficient amounts in the Nehemiah Housing Opportunity Fund for such assistance. (b) Distribution of Assistance.— Following the sale of any home constructed or substantially rehabilitated under a Nehemiah housing opportunity program selected for assistance under this title, the Secretary shall provide to the sponsoring nonprofit organization an amount equal to the amount of the loan made to the family purchasing such home. Such amount shall be provided not more than 30 days after the sale of such home. (c) Maximum Assistance.— The assistance provided to any non-profit organization under this title may not exceed $15,000 per home.