Page:United States Statutes at Large Volume 101 Part 2.djvu/334
101 STAT. 1320
38 USC 1804 note38 USC 1820 note.
PUBLIC LAW 100-198—DEC. 21, 1987
(2) Section 1810(a) is amended by striking out "(a) Any" and inserting in lieu thereof "(a) Except as provided in section 1804(c)(2) of this title, any". 0)) MANUFACTURED HOUSING LOANS.—(1) Section 1819(a)(5)(A)(i) is amended by inserting "(except as provided in section 1804(c)(2) of this title)" after "by the veteran". (2) Section 1819(e)(5) is amended by inserting before the semicolon the following: "; except that the requirement of this clause shall not apply (A) in the case of a guaranteed loan that is for the purpose described in paragraph dXF) of subsection (a), or (B) in the case described in section 1804(c)(2)". (c) EFFECTIVE DATE.—The amendments made by this section shall apply with respect to loans made more than 30 days after the date of the enactment of this Act. SEC. 9. PROPERTY MANAGEMENT. (a) HOMELESS PROGRAM.—(1) To assist
homeless veterans and their families acquire shelter, the Administrator of Veterans' Affgiirs may enter into agreements described in paragraph (2) of this subsection with— (A) nonprofit organizations, with preference being given to any organization named in, or approved by the Administrator under, section 3402 of title 38, United States (Dode; or (B) any State, as defined in section 101(20) of such title, or any I)olitical subdivision thereof. (2) To carry out paragraph (1) of this subsection, the Administrator may enter into agreements to sell real property, and improvements thereon, acquired by the Administrator as the result of a default on a loan made or guaranteed under chapter 37 of title 38, United States (Dode. Such sale shall be for such consideration as the Administrator determines is in the best interests of homeless veterans and tjie Federal Government. (3) Thej Administrator may enter into an agreement under paragraph (1) only if— (A) the Administrator determines that such an action will not ' V ^'^ adversely affect the Veterans' Administration's ability— ' (i) to fulfill its statutory missions with respect to the Veterans* Administration loan guaranty program and the short- and long-term solvency of the Loan Guaranty Revolving Fund under such chapter 37; or ^ ' (ii) to carry out other functions and administer other programs authorized by law; (B) the entity to which the property is sold agrees to (i) utilize the property solely as a shelter primarily for homeless veterans and their families, (ii) comply with all zoning laws relating to the property, (iii) make no use of the property that is not
compatible with the area where the property is located, and (iv) take such other actions as the Administrator determines are necessary or appropriate in the best interests of homeless veterans and the Federal Government; and ' tJ (C) the Administrator determines that there is no significant likelihood of the property being sold for a price sufficient to reduce the liability of the Veterans' Administration or the veteran who had defaulted on the loan guaranteed under such chapter 37. (4) Any agreement, deed, or other instrument executed by the Administrator under this subsection shall be on such terms and