Page:United States Statutes at Large Volume 101 Part 3.djvu/521

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PUBLIC LAW 100-000—MMMM. DD, 1987

PUBLIC LAW 100-242—FEB. 5, 1988

101 STAT. 1819

Sec. 705. Coordination of housing and urban development programs in enterprise zones. Sec. 706. Coordination with CDBG and UDAG programs. SEC. 2. FINDINGS AND PURPOSE.

42 USC 5301

(a) FINDINGS.—The Congress finds that— (1) for the past 50 years, the Federal Government has taken the leading role in enabling the people of the Nation to be the best housed in the world, and recent reductions in Federal assistance have contributed to a deepening housing crisis for low- and moderate-income families; (2) the efforts of the Federal Government have included a system of specialized lending institutions, favorable tax policies, construction Eissistance, mortgage insurance, loan guarantees, secondary markets, and interest and rental subsidies, that have enabled people to rent or buy affordable, decent, safe, and sanitary housing; and (3) the tragedy of homelessness in urban and suburban communities across the Nation, involving a record number of people, dramatically demonstrates the lack of affordable residential shelter, and people living on the economic margins of our society (lower income families, the elderly, the working poor, and the deinstitutiongilized) have few available alternatives for shelter. Oa) PURPOSE.—The purpose of this Act, therefore, is— (1) to reaffirm the principle that decent and affordable shelter is a basic necessity, and the general welfare of the Nation and the hegilth and living standards of its people require the addition of new housing units to remedy a serious shortage of housing units for all Americans, particularly for persons of low and moderate income; (2) to make the distribution of direct and indirect housing assistance more equitable by providing Federal assistance for the less affluent people of the Nation; (3) to provide needed housing assistance for homeless people and for persons of low and moderate income who lack affordable, decent, safe, and sanitary housing; and (4) to reform existing programs to ensure that such assistance is delivered in the most efficient msinner possible. SEC. 3. BUDGET COMPLIANCE.

42 USC 5301

(a) IN GENERAL.—This Act and the amendments made by this Act may not be construed to provide for new budget authority, budget outlays, or new entitlement authority, for fiscal year 1988 in excess of the appropriate aggregate levels established by the concurrent resolution on the budget for such fiscal year for the programs authorized by this Act and the amendments made by this Act. OJ) DEFINITIONS.—For purposes of this section, the terms "budget authority", "budget outlays", "concurrent resolution on the budget", and "entitlement authority" have the meanings given such terms in section 3 of the Congressional Budget Act of 1974 (2 U.S.C. 622). SEC. 4. CREDIT LIMITATION.

Any new credit authority (as defined in section 3 of the Congressional Budget Act of 1974) which is provided by this Act, or by an amendment made by this Act, shall be effective only to such extent or in such amounts as are provided in appropriation Acts.

42 USC 5301