UNITS OWNED BY PUBLIC HOUSING AGENCIES.

SEC. 105. UNITS OWNED BY PUBLIC HOUSING AGENCIES. Paragraph (11) of section 8(o) of the United States Housing Act of 1937 (42 U.S.C. 1437f(o)(11)) is amended— (1) by striking “(11) Leasing of units owned by pha.—If” and inserting the following: “(11) Leasing of units owned by pha.— “(A) Inspections and rent determinations.—If” ; and (2) by adding at the end the following new subparagraph: “(B) Units owned by pha.—For purposes of this subsection, the term ‘owned by a public housing agency’ means, with respect to a dwelling unit, that the dwelling unit is in a project that is owned by such agency, by an entity wholly controlled by such agency, or by a limited liability company or limited partnership in which such agency (or an entity wholly controlled by such agency) holds a controlling interest in the managing member or general partner. A dwelling unit shall not be deemed to be owned by a public housing agency for purposes of this subsection because the agency holds a fee interest as ground lessor in the property on which the unit is situated, holds a security interest under a mortgage or deed of trust on the unit, or holds a non-controlling interest in an entity which owns the unit or in the managing member or general partner of an entity which owns the unit.” .