HOUSING ASSISTANCE PLANS.

SEC. 507. HOUSING ASSISTANCE PLANS. (a) Housing Preservation.— Section 104(c)(1) of the Housing and Community Development Act of 1974 is amended— (1) by striking “and” at the end of subparagraph (B); (2) by striking the period at the end of subparagraph (C) and inserting “; and”; and (3) by adding at the end the following new subparagraph: “(D) specifies activities that will be undertaken annually to minimize displacement and preserve or expand the availability of housing for persons of low and moderate income, such as the preservation of single room occupancy housing and the development by public and private nonprofit organizations of vacant properties that become available under in rem proceedings, and specifies separately the activities that will be undertaken for 101 STAT. 1927persons of low income and the activities that will be undertaken for persons of moderate income.”. (b) Technical Amendments.— Section 104(c)(1) of the Housing and Community Development Act of 1974 is amended— (1) by striking “lower income persons” each place it appears and inserting “persons of low and moderate income”; and (2) in subparagraph (C)(ii), by striking “low-income persons” and inserting “persons of low and moderate income”.