SIMPLIFICATION OF PROGRAM-WIDE INCOME TARGETING FOR RENTAL HOUSING.

SEC. 202. SIMPLIFICATION OF PROGRAM-WIDE INCOME TARGETING FOR RENTAL HOUSING. Section 214(1) of the CranstonGonzalez National Affordable Housing Act (42 U.S.C. 12744(1)) is amended— (1) in subparagraph (A)— (A) by striking “such funds are invested with respect to dwelling units that are occupied by” and inserting “(i) the families receiving such rental assistance are”; and (B) by striking and “, and inserting or (ii) the dwelling units assisted with such funds are occupied by families having such incomes; and”; and (2) in subparagraph (B)— (A) by striking “such funds are invested with respect to dwelling units that are occupied by” and inserting “(i) the families receiving such rental assistance are”; and (B) by inserting before the semicolon at the end the following: “, or (ii) the dwelling units assisted with such funds are occupied by such households”.