Page:United States Statutes at Large Volume 106 Part 5.djvu/56

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106 STAT. 3694 PUBLIC LAW 102-550 —OCT. 28, 1992 other Federal programs having a term of not less than 5 years"; and (C) in clause (v), by inserting before the semicolon the following: "to the extent available; or if such assistance is not available, in the case of an application proposing demolition or disposition of 200 or more units, the use of tenant-based assistance under section 8 (excluding vouchers under section 8(o)) having a term of not less than 5 years"; (2) in subparagraph (G), by striking the period at the end and inserting a semicolon; (3) by redesignating subparagraphs (B) through (G) as subparagraphs (C) through (H), respectively; (4) by inserting after subparagraph (A) the following new subparagraph: "(B) in the case of an application proposing demolition or disposition of 200 or more units, shall provide that (notwithstanding the limitation under section 8(d)(2)(A) on the amount of project-based assistance provided by an agency)— "(i) not less than 50 percent of such additional dwelling units shall be provided through the acquisition or development of additional public housing dwelling units or through project-based assistance; and "(ii) not more than 50 percent of such additional dwelling units shall be provided through tenant-based assistance under section 8 (excluding vouchers under section 8(o)) having a term of not less than 5 years;"; and (5) by adding at the end the following new flush matter: "except that, in any 5-year period, a public housing agency may demolish not more than the lesser of 5 dwelling units or 5 percent of the total dwelling units owned and operated by the public housing agency, without providing an additional dwelling unit for each such public housing dwelling luiit to be demolished, but only if the space occupied by the demolished unit is used for meeting the service or other needs of public housing residents.". (c) SET-ASIDES FOR REPLACEMENT HOUSING.—Section 18 of the United States Housing Act of 1937 (42 U.S.C. 1437p) is amended— (1) by redesignating subsection (e) as subsection (f); and (2) by inserting after subsection (d) the following new subsection: "(e)(1) In each of fiscal years 1993 and 1994, the Secretary may reserve from any budget authority appropriated for such year for assistance under section 8 that is available for families not currently receiving such assistance not more than 10 percent of such budget authority for providing replacement housing under subsection (b)(3)(A) for units demolished or disposed of pursuant to this section. "(2) In each of fiscal years 1993 and 1994, the Secretary may reserve from any budget authority appropriated for such year for development of public housing under section 5(a)(2) not more than the lesser of 30 percent of such budget authorization or $150,000,000, for providing replacement housing under subsection (b)(3)(A) for units demolished or disposed of pursuant to this section.".