Pub. L. 115-141, div. L, tit. II, sec. 237 (as amended)

SEC. 237. [42 U.S.C. 1437f note] The language under the heading “Rental Assistance Demonstration” in the Department of Housing and Urban Development Appropriations Act, 2012 (Public Law 112-55), as amended by Public Law 113-76, Public Law 113-235, Public Law 114-113, and Public Law 115-31, is amended— (1) in the second proviso, by striking “September 30, 2020” and inserting “September 30, 2024”; (2) in the matter preceding the first proviso, by inserting the following before the colon: “(herein the ’First Component’)”; (3) in the fourth proviso, by striking “225,000” and inserting “455,000”; (4) in the fourteenth proviso, by— (A) inserting “or nonprofit” before “entity, then a capable entity,”; and (B) striking “preserves its interest” and inserting “or a nonprofit entity preserves an interest”; (5) in the eighteenth proviso, by— (A) inserting “or with a project rental assistance contract under section 202(c)(2) of the Housing Act of 1959,” after “section 8(o) of the Act,”; (B) inserting “the subordination, restructuring, or both, of any capital advance documentation, including any note, mortgage, use agreement or other agreements, evidencing or securing a capital advance previously provided by the Secretary under section 202(c)(1) of the Housing Act of 1959 as necessary to facilitate the conversion of assistance while maintaining the affordability period and the designation of the property as serving elderly persons, and,” following “including but not limited to”; (C) inserting “or assistance contracts” after “for such vouchers”; (D) striking “of Housing and Urban Development” after “Secretary”; and (E) inserting the following before the colon: “(herein the ’Second Component’)”; (6) by inserting the following provisos after the eighteenth proviso:“ ‘ Provided further, That contracts provided to properties converting assistance from section 101 of the Housing and Urban Development Act of 1965 or section 236(f)(2) of the National Housing Act located in high-cost areas shall have initial rents set at comparable market rents for the market area: Provided further, That conversions of assistance under the Second Component may not be the basis for re-screening or termination of assistance or eviction of any tenant family in a property participating in the demonstration and such a family shall not be considered a new admission for any purpose, including compliance with income targeting:’ ”; (7) in the twenty-first proviso, as reordered above, by striking “the previous proviso” and all that follows through the end of the proviso and inserting “the Second Component, except for conversion of section 202 project rental assistance contracts, shall be available for project-based subsidy contracts entered into pursuant to the Second Component:”; (8) in the twenty-second proviso, as reordered above, by striking “the previous two provisos” and inserting “the Second Component, except for conversion of section 202 project rental assistance contracts,”; (9) in the twenty-third proviso, as reordered above, by striking “the three previous provisos” and inserting “the Second Component, except for conversion of section 202 project rental assistance contracts,”; and (10) by inserting the following proviso before the final proviso:“ ‘ Provided further, That the Secretary may transfer amounts made available under the heading ‘Housing for the Elderly’ to the accounts under the headings ‘Project-Based Rental Assistance’ or ‘Tenant-Based Rental Assistance’ to facilitate any section 202 project rental assistance contract conversions under the Second Component, and any increase in cost for ‘Project-Based Rental Assistance’ or ‘Tenant-Based Rental Assistance’ associated with such conversion shall be equal to amounts so transferred:’ ”.