CRITERIA FOR APPROVAL OF PLAN OF ACTION.

SEC. 1024. CRITERIA FOR APPROVAL OF PLAN OF ACTION. Section 225(a)(1) of the Housing and Community Development Act of 1987 (12 U.S.C. 17151 note) is amended— (1) by inserting after “economic hardship for current tenants” the following: “(and will not in any event result in (A) a monthly rental payment by a current tenant that exceeds 30 percent of the monthly adjusted income of the tenant or an increase in the monthly rental payment in any year that exceeds 10 percent (whichever is lower), or (B) in the case of a current tenant who already pays more than such percentage, an increase in the monthly rental payment in any year that ex-102 STAT. 3271ceeds the increase in the Consumer Price Index or 10 percent (whichever is lower))”; and (2) by inserting before the semicolon at the end the following: “, determined without regard to the availability of Federal housing assistance that would address any such hardship or involuntary displacement”.