Page:United States Statutes at Large Volume 104 Part 2.djvu/883

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

PUBLIC LAW 101-508 —NOV. 5, 1990 104 STAT. 1388-475 adding at the end thereof the following new sentence: "If the Secretary of Housing and Urban Development determines that sufficient data for any period are not available to apply this clause on the basis of census tracts, such Secretary shall apply this clause for such period on the basis of enumeration districts." (5) EXCEPTION TO CREDIT DENIAL FOR MODERATE REHABIUTA- TION ASSISTANCE. — (A) IN GENERAL.— The last sentence of paragraph (2) of section 42(c), as added by subtitle G of this title, is amended by inserting before the period "(other than assistance under the Stewart B. McKinney Homeless Assistance Act of 1988 (as in effect on the date of the enactment of this sentence))". (6) AFDC RECIPIENT STUDENTS NOT TO DISQUALIFY UNIT.— Subparagraph (D) of section 42(i)(3) is amended to read as follows: "(D) CERTAIN STUDENTS NOT TO DISQUAUFY UNIT.—A unit shall not fail to be treated as a low-income unit merely because it is occupied by an individual who is— "(i) a student and receiving assistance under title IV of the Social Security Act, or "(ii) enrolled in a job training program receiving assistance under the Job Training Partnership Act or under other similar Federal, State, or local laws." (7) INTERMEDIARY COSTS CONSIDERED AT EVALUATION STAGE.— (A) IN GENERAL.— Subparagraph (B) of section 42(m)(2) is amended by striking "and" at the end of clause (i), by striking the period at the end of clause (ii) and inserting ", and", and by adding at the end thereof the following: "(iii) the percenteige of the housing credit dollar amount used for project costs other than the cost of intermediaries. Clause (iii) shall not be applied so as to impede the development of projects in hard-to-develop areas." (B) CONFORMING AMENDMENT.—Subparagraph (B) of section 42(m)(l) is amended by striking clause (ii) and by redesignating clauses (iii) and (iv) as clauses (ii) and (iii), respectively. (8) 10-YEAR RULE NOT TO APPLY TO ACQUISITION OF CERTAIN SINGLE-FAMILY RESIDENCES. — Clause (ii) of section 42(d)(2)(D) is amended by striking "or" at the end of subclause (III), by striking the period at the end of subclause (IV) and inserting ", or", and by adding at the end thereof the following: "(V) of a single-family residence by any individual who owned and used such residence for no other purpose than as his principal residence." (9) APPLICATION OF NONPROFIT SET-ASIDE. —Section 42(h)(5) is amended— (A) by inserting "own an interest in the project (directly or through a partnership) and" after "nonprofit organization is to" in subparagraph (B), (B) by striking "and" at the end of clause (i) of subparagraph (C), by redesignating clause (ii) of such subparagraph as clause (iii), and by inserting after clause (i) of such subparagraph the following new clause: