PROGRAM AUTHORITY.

SEC. 301. [42 U.S.C. 1437aaa] PROGRAM AUTHORITY. (a) In General.—The Secretary is authorized to make— (1) planning grants to help applicants to develop homeownership programs in accordance with this title; and (2) implementation grants to carry out homeownership programs in accordance with this title. (b) Authority To Reserve Housing Assistance.—In connection with a grant under this title, the Secretary may reserve authority to provide assistance under section 8 of this Act to the extent necessary to provide replacement housing and rental assistance for a nonpurchasing tenant who resides in the project on the date the Secretary approves the application for an implementation grant, for use by the tenant in another project.