HOME PROGRAM THRESHOLDS.

SEC. 202. HOME PROGRAM THRESHOLDS. (a) Participating Jurisdictions.—Section 216 of the Cranston- Gonzalez National Affordable Housing Act (42 U.S.C. 12746) is amended— (1) in paragraph (3), by striking “A jurisdiction” and inserting “Except as provided in paragraph (10), a jurisdiction”; (2) in paragraph (9)(B), by inserting “, except as provided in paragraph (10)” after “in any 1 year”; and (3) by adding at the end the following: “(10) Threshold reduction.— If the amount appropriated pursuant to section 205 for any fiscal year is less than $1,500,000,000, then this section shall be applied during that year— “(A) by substituting ‘$500,000’ for ‘$750,000’ both places it appears in paragraph (3); and “(B) by substituting ‘$500,000’, ‘$410,000’, and ‘$335,000’ for ‘$750,000’, ‘$625,000’, and ‘$500,000’, respectively, where they appear in paragraph (9).”. (b) Supplemental Allocation.—Section 217(b) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12747(b)) is amended— (1) in paragraph (3), by inserting “, except as provided in paragraph (4)” before the period at the end of the second sentence; and (2) by adding at the end the following: “(4) Threshold reduction.—If the amount appropriated pursuant to section 205 for any fiscal year is less than $1,500,000,000, then this section shall be applied during that 106 STAT. 3752year by substituting ‘$335,000’ for ‘$500,000’ where it appears in paragraph (3).”. (c) Applicability.—Notwithstanding any other provision of law, the grant thresholds provided for in section 216, as amended by this section, and the grant thresholds provided for in section 217(b) of the Cranston-Gonzalez National Affordable Housing Act, as amended by this section, shall apply.