PUBLIC HOUSING VACANCY REDUCTION.

SEC. 115. PUBLIC HOUSING VACANCY REDUCTION. (a) Funding.—Section 14(p)(5) of the United States Housing Act of 1937 (42 U.S.C. 14371(p)(5)) is amended to read as follows: “(5) (A) Of any amounts available under this section in each of fiscal years 1993 and 1994 (after amounts are reserved pursuant to subsection (k)(1), an amount equal to 4 percent of such remaining funds shall be available in each such fiscal year for the purposes under subparagraph (B). “(B) Of such amounts available under subparagraph (A) in each such fiscal year— “(i) 20 percent shall be available only for carrying out activities under section 60); and “(ii) 80 percent shall be available for carrying out this subsection.”. (b) Scope of Program.—Section 14(p)(l) of the United States Housing Act of 1937 (42 U.S.C. 14371(p)(1) is amended— (1) by striking “or that” and inserting “, that”; and (2) by inserting after “6(j),” the following: “or for which a receiver has been appointed pursuant to section 6(j)(3),”. (c) Vacancy Reduction Assistance.—Section 14(p)(4) of the United States Housing Act of 1937 (42 U.S.C. 14371(p)(4)) is amended— (1) in subparagraph (B), by inserting before the semicolon the following: “, except that the Secretary may provide assistance to a public housing agency designated as a troubled agency for the purposes under this subparagraph only if the Secretary determines that the agency is making substantial progress in remedying management deficiencies, if any, or that the agency has provided reasonable assurances that such progress will be made”; and (2) in subparagraph (C), by inserting before the semicolon the following: “, except that the Secretary may provide assistance to a public housing agency designated as a troubled agency for the purposes under this subparagraph only if the Secretary determines that the agency Is making substantial progress in remedying management deficiencies, if any, or that the agency has provided reasonable assurances that such progress will be made”. (d) Availability of Assistance.—Section 14(p)(4) of the United States Housing Act of 1937 (42 U.S.C. 14371(p)(4)) is amended by striking the first comma and all that follows through the second comma and inserting “, subject to the availability of amounts under paragraph (6),”. (e) Use of Amounts for Assessment Teams.—Section 14(p)(3) of the United States Housing Act of 1937 (42 U.S.C. 14371(p)(3)) is amended by adding at the end the following new subparagraph: “(D) The Secretary may use amounts made available under paragraph (6) for any travel and administrative expenses of assessment teams under this paragraph”. (f) Assessment Team.—The second sentence of section 14(p)(3)(A) of the United States Housing Act of 1937 (42 U.S.C. 14371(p)(3)(A)) is amended— (1) by striking “and” after “Development” and inserting a comma; and (2) by striking “who” and inserting “and officials of the public housing agency, all of whom”. 106 STAT. 3693 (g) Reservation of Annual Contributions for Activities Under Plan.—Section 14(p) of the United States Housing Act of 1937 (42 U.S.C. 14371(p)) u amended— (1) by redesignating paragraphs (3), (4), and (5) (as amended by the preceding provisions of this section) as paragraphs (4), (5), and (6), respectively; and (2) by inserting after paragraph (2) the following new paragraph: (3) (A) Upon the expiration of the 24-month period beginning upon the receipt of assistance under paragraph (5) by a public housing agency, the Secretary shall, after reviewing the progress made in complying with the plan, reserve from the annual contribution attributable to each unit vacant for the 24-month period an amount determined by the Secretary but not exceeding 80 percent of such contribution. The Secretary may not reserve any amounts under this subparagraph for any vacant dwelling unit that is vacant because of modernization, reconstruction, or lead-based paint reduction activities. “(B) The Secretary shall deposit any amounts reserved under subparagraph (A) in a separate account established on behalf of the public housing agency, and such amounts shall be available to the agency only for the purpose of carrying out activities in compliance with the vacancy reduction plan of the agency. “(C) If, after the expiration of the 24-month period beginning upon the reservation under subparagraph (A) of amounts for a public housing agency, the Secretary determines that the agency has not made significant progress to comply with the provisions of the vacancy reduction plan of the agency, the amount remaining in the account for the agency established under subparagraph (B) shall be recaptured by the Secretary.”. (h) Technical Corrections.—Section 14(p)(2) of the United States Housing Act of 1937 (42 U.S.C. 14371(p)(2)) is amended— (1) in clause (D), by striking “modernization, reconstruction” and inserting “comprehensive modernization, major reconstruction”; and (2) in clause (E), by striking “the modernization” and inserting “the comprehensive modernization”.