ALLEVIATION OF LAKEFRONT FLOODING AND EROSION.

SEC. 506. ALLEVIATION OF LAKEFRONT FLOODING AND EROSION. Section 104(b)(3) of the Housing and Community Development Act of 1974 is amended— (1) by inserting “(A)” after “except that”; and (2) by inserting before the semicolon at the end the following: “; and (B) a grantee that borders on the Great Lakes and that experiences significant adverse financial and physical effects due to lakefront erosion or flooding may include in the projected use of funds activities that are clearly designed to alleviate the threat posed, and rectify the damage caused, by such erosion or flooding if such activities will principally benefit persons of low and moderate income and the grantee certifies that such activities are necessary to meet other needs having a particular urgency”.