EMERGENCY ASSISTANCE FOR LOS ANGELES.

SEC. 854. EMERGENCY ASSISTANCE FOR LOS ANGELES. (a) In General.—Of the funds made available under 107(b) of the Housing and Community Development Act of 1974 for purposes of this section, $3,000,000 shall be made available to each of the following: (1) A nonprofit community-based public benefit corporation which was created in response to the civil disturbances of April 29, 1992, through May 6,1992, in Los Angeles, California, with the support of the Speaker of the California State Assembly and community elected officials representing the affected areas. (2) A nonprofit public benefit corporation established by the Mayor of Los Angeles and the Governor of California. (b) Use of Funds.—Such funds shall be used to carry out a community revitalization strategy in areas for which the President, pursuant to title TV or V of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, declared that a major disaster or emergency existed for the purposes of such Act, as a result of the civil disturbances involving acts of violence occurring on or after April 29, 1992, and before May 6, 1992. (c) Strategy.—Such strategy shall— (1) include efforts to create jobs in distressed neighbor-hoods, spur community-based economic development, improve housing accessibility and affordability, and address other community development needs; and (2) be developed in consultation with low-income residents and community leaders in the distressed areas. (d) Eligible Activities.—Funds made available under this subsection may be used for eligible activities pursuant to section 195 of the Housing and Community Development Act of 1974 or to provide seed capital to nonprofit community development corporations to carry out the strategy developed in subsection (c)(2). (e) Match Required.—Funds provided under this section shall be matched with private or public non-Federal funds in an amount not less than 50 percent of the funds provided under this section.