Page:United States Statutes at Large Volume 114 Part 5.djvu/350
114 STAT. 2763A-310 PUBLIC LAW 106-554—APPENDIX D (b) CONFORMING AMENDMENT.— Section 11003(5) of such Act (Public Law 105-33; 111 Stat. 717; D.C. Code, sec. 1 -761.2(5)) is amended by inserting after "except as" the following: "provided under section 11012(e) and as". (c) EFFECTIVE DATE. —The amendments made by this section shall apply with respect to Federal benefit payments made after the date of the enactment of this Act. SEC. 909. EFFECTIVE DATE. Except as provided in section 908(c), this title and the amendments made by this title shall become effective on the first day of the first pay period beginning 6 months after the date of enactment. TITLE X DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ADMINISTRATIVE PROVISIONS SEC. 1001. Section 206(d) of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2000 (42 U.S.C. 12701 note) is amended— (1) in paragraph (1), by striking "V" and inserting "III"; and (2) in paragraph (4), by striking "reimbursable" and inserting "non-reimbursable". SEC. 1002. For purposes of part 2, subpart B of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Public Law 102-550), notwithstanding any other provision of law or regulation, for purposes of measuring the extent of compliance with the housing goals for the years 2001, 2002, and 2003, the Secretary of Housing and Urban Development shall assign, in the case of the Federal Home Loan Mortgage Corporation, 1.35 units of credit toward achievement of each housing goal for each unit of multifamily housing (excepting units located in properties having between 5 and 50 units) qualifying as affordable under such housing goal. SEC. 1003. Notwithstanding any other provision of law, neither the City of Toledo, Ohio, nor the Secretary of Housing and Urban Development (HUD) is required to enforce any requirements associated with Housing Development Grant number 00H006H6402 provided to the City of Toledo, Ohio, that prohibit or restrict the conversion of the rental units in the Beacon Place project to condominium ownership: Provided, That the City of Toledo and the Secretary of HUD are authorized to take any actions necessary to cause any such prohibition or restriction to be removed from the appropriate land records and otherwise terminated: Provided further. That converted units shall remain available as rental housing to those persons, including low- and very-low-income persons who presently reside in the units: Provided further. That the conversion proposal for Beacon Place apartments shall not reduce the number of affordable housing units in Toledo: Provided further, That any and all proceeds from such conversion are used to retire debt associated with the Beacon Place project or to rehabilitate the properties known as the Cubbon Properties.