PUBLIC HOUSING HOMEOWNERSHIP.

SEC. 118. PUBLIC HOUSING HOMEOWNERSHIP. (a) Homeownership Assistance.—Section 21(a)(2)(C) of the United States Housing Act of 1937 (42 U.S.C. 1437s(a)(2)(C)) is amended— (1) in the first sentence, by striking “the effective date of the regulations implementing title III of this Act” and inserting “February 4, 1991”; and (2) in the second sentence— (A) by striking “effective”; and (B) by striking “such Act” and inserting “the Cranston - Gonzalez National Affordable Housing Act”. (b) Conditions of Purchase.—Section 21(a)(3)(C) of the United States Housing Act of 1937 (42 U.S.C. 1437s(a)(3)(O) is amended— (1) in the first sentence, by striking “the effective date of the regulations implementing title III of this Act” and inserting “February 4, 1991”; and (2) in the second sentence— (A) by striking “effective”; and (B) by striking “such title” and inserting “the Cranston- Gonzalez National Affordable Housing Act”.