HOMEOWNERSHIP UNITS.

SEC. 203. HOMEOWNERSHIP UNITS. (a) Removal of First-Time Homebuyer Requirement.—Section 215(b) of the CranstonGonzalez National Affordable Housing Act (42 U.S.C. 12745(b)) is amended— (1) by striking paragraph (3); and (2) by redesignating paragraphs (4) and (5) as paragraphs (3) and (4), respectively. (b) Simplification of Resale Provisions.—Section 215(b)(3)(B) of the CranstonGonzalez National Affordable Housing Act (42 U.S.C. 12745(b)(3)(B)), as so redesignated by subsection (a) of this section, is amended by striking “subsection” and inserting “title”.