Pub. L. 118-42, div. F, tit. II (as amended)

231.42 U.S.C. 1437f noteThe language under the heading “Rental Assistance Demonstration” in the Department of Housing and Urban Development Appropriations Act, 2012 (title II of division C of Public Law 112-55), as most recently amended by Public Law 117-103, is further amended—(1)in the initial undesignated matter, by striking and ‘Public Housing Operating Fund’  and inserting , ‘Public Housing Operating Fund’, and ‘Public Housing Fund’ ;(2)in the second proviso, by striking 2024 and inserting 2029;(3)after the fourth proviso, by inserting the following new provisos: Provided further,Requirements. That at properties with assistance under section 9 of the Act requesting to partially convert such assistance, and where an event under section 18 of the Act occurs that results in the eligibility for tenant protection vouchers under section 8(o) of the Act, the Secretary may convert the tenant protection voucher assistance to assistance under a project-based subsidy contract under section 8 of the Act, which shall be eligible for renewal under section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997, or assistance under section 8(o)(13) of the Act, so long as the property meets any additional requirements established by the Secretary to facilitate conversion: Provided further, That to facilitate the conversion of assistance under the previous proviso, the Secretary may transfer an amount equal to the total amount that would have been allocated for tenant protection voucher assistance for properties that have requested such conversions from amounts made available for tenant protection voucher assistance under the heading ‘Tenant-Based Rental Assistance’ to the heading ‘Project-Based Rental Assistance’: Provided further, That at properties with assistance previously converted hereunder to assistance under the heading ‘Project-Based Rental Assistance,’ which are also separately assisted under section 8(o)(13) of the Act, the Secretary may, with the consent of the public housing agency and owner, terminate such project-based subsidy contracts and immediately enter into one new project-based subsidy contract under section 8 of the Act, which shall be eligible for renewal under section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997, subject to the requirement that any residents assisted under section 8(o)(13) of the Act at the time of such termination of such project-based subsidy contract shall retain all rights accrued under section 8(o)(13)(E) of the Act under the new project-based subsidy contract and section 8(o)(13)(F)(iv) of the Act shall not apply: Provided further, That to carry out the previous proviso, the Secretary may transfer from the heading ‘Tenant-Based Rental Assistance’ to the heading ‘Project-Based Rental Assistance’ an amount equal to the amounts associated with such terminating contract under section 8(o)(13) of the Act:;(4)in the fourteenth proviso, as reordered above, by—(A)inserting  ‘Public Housing Fund’, ‘Self-Sufficiency Programs’, ‘Family Self-Sufficiency’  following  ‘Public Housing Operating Fund’,; and(B)inserting or the ongoing availability of services for residents after effective conversion of assistance under the demonstration;(5)after the twenty-fourth proviso, as reordered above, by inserting the following proviso: Provided further,Contracts.Requirements.That owners of properties with a senior preservation rental assistance contract under section 811 of the American Homeownership and Economic Opportunity Act of 2000 (12 U.S.C. 1701q note), shall be eligible, subject to requirements established by the Secretary as necessary to facilitate the conversion of assistance while maintaining the affordability period and the designation of the property as serving elderly families, and tenant consultation procedures, for conversion of assistance available for such assistance contracts to assistance under a long-term project-based subsidy contract under section 8 of the Act:;(6)in the twenty-ninth proviso, as reordered above, by inserting , section 811 of the American Homeownership and Economic Opportunity Act of 2000, after Housing Act of 1959; and(7)in the thirty-fourth proviso, as reordered above, by striking any section 202 project rental assistance contract or section 811 project rental assistance contract conversions and inserting the conversion of assistance from section 202(c)(2) of the Housing Act of 1959, section 811 of the American Homeownership and Economic Opportunity Act of 2000, or section 811(d)(2) of the Cranston-Gonzalez National Affordable Housing Act.