PUBLIC LAW 105-276—OCT. 21, 1998 112 STAT. 2587 unit, if any, or to an organization serving as a conduit for sales to any such resident. "(e) PROTECTION OF NONPURCHASING RESIDENTS. —If a public housing resident does not exercise the right of first refusal under subsection (d) with respect to the public housing unit in which the resident resides, the public housing agency— "(1) shall notify the resident residing in the unit 90 days Notification. prior to the displacement date except in cases of imminent threat to health or safety, consistent with any guidelines issued by the Secretary governing such notifications, that— "(A) the public housing unit will be sold; "(B) the transfer of possession of the unit will occur until the resident is relocated; and "(C) each resident displaced by such action will be offered comparable housing— "(i) that meets housing quality standards; "(ii) that is located in an area that is generally not less desirable than the location of the displaced resident's housing; and "(iii) which may include— "(I) tenant-based assistance, except that the requirement under this subclause regarding offering of comparable housing shall be fulfilled by use of tenant-based assistance only upon the relocation of such resident into such housing; "(II) project-based assistance; or "(III) occupancy in a unit owned, operated, or assisted by the public housing agency at a rental rate paid by the resident that is comparable to the rental rate applicable to the unit from which the resident is vacated; "(2) shall provide for the pa3mtient of the actual and reasonable relocation expenses of the resident to be displaced; "(3) shall ensure that the displaced resident is offered comparable housing in accordance with the notice under paragraph (1); "(4) shall provide any necessary counseling for the displaced resident; and "(5) shall not transfer possession of the unit until the resident is relocated. "(f) FINANCING AND ASSISTANCE.^A homeownership program under this section may provide financing for acquisition of housing by families purchasing under the program, or for acquisition of housing by the public housing agency for sale under the program, in any manner considered appropriate by the agency (including sale to a resident management corporation). "(g) DOWNPAYMENT REQUIREMENT.— "(1) IN GENERAL.—Each family purchasing housing under a homeownership program under this section shall be required to provide from its own resources a downpayment in connection with any loan for acquisition of the housing, in an amount determined by the public housing agency. Except as provided in paragraph (2), the agency shall permit the family to use grant amounts, gifts from relatives, contributions from private sources, and similar amounts as downpayment amounts in such purchase.
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