101 STAT. 1846
PUBLIC LAW 100-242—FEB. 5, 1988 "(1) EVICTION PROHIBITION.—No family residing in a dwelling unit in a public housing project may be evicted by reason of the sale of the project to a resident management corporation under this section. "(2) TENANTS RIGHTS.—Families renting a dwelling unit purchased by a resident management corporation shall have all rights provided to tenants of public housing under this Act. "(3) RENTAL ASSISTANCE.—If any family resides in a dwelling
unit in a building purchased by a resident management corporation, and the family decides not to purchase the dwelling unit, the Secretary shall offer to provide to the family (at the option of the family) a certificate under section 8(b)(1) or a housing voucher under section 8(o) for as long as the family continues to reside in the building. The Secretary may adjust the fair market rent for such certificate to take into account conditions under which the building was purchased. "(4) RENTAL AND RELOCATION ASSISTANCE.—If any family re-
sides in a dwelling unit in a public housing project in which other dwelling units are purchased under this section, and the family decides not to purchase the dwelling unit, the Secretary shall offer (to be selected by the family, at its option)— "(A) to assist the family in relocating to a comparable appropriate sized dwelling unit in another public housing project, and to reimburse the family for their cost of relocation; and "(B) to provide to the family the financial assistance necessary to permit the family to stay in the dwelling unit or to move to another comparable dwelling unit and to pay no more for rent than required under subparagraph (A), (B), or (Oof section 3(a)(1). "(c) FINANCIAL ASSISTANCE FOR PUBLIC HOUSING AGENCIES.—The
Secretary shall provide to public housing agencies such financial assistance as is necessary to permit such agencies to carry out the provisions of this section. "(d) ADDITIONAL HOMEOWNERSHIP AND MANAGEMENT OPPORTUNI-
TIES.—This section shall not apply to the turnkey III, the mutual help, or any other homeownership program established under section 5(h) or section 6(c)(4)(D) and in existence before the date of the enactment of the Housing and Community Development Act of 1987. "(e) REGULATIONS.—The Secretary shall issue such regulations as may be necessary to carry out the provisions of this section. Such regulations may establish any additional terms and conditions for homeownership or resident management under this section that are determined by the Secretary to be appropriate. "(f) ANNUAL REPORT.—The Secretary shall annually submit to the Congress a report setting forth— "(1) the number, type, and cost of units sold; "(2) the income, race, gender, children, and other characteristics of families purchasing or moving and not purchasing; "(3) the amount and type of financial assistance provided; "(4) the need for subsidy to ensure continued affordability and meet future maintenance and repair costs; "(5) any need for the development of additional public housing dwelling units as a result of the sale of public housing V dwelling units under this section; "(6) recommendations of the Secretary for additional budget authority to carry out such development; _ .
�
