PUBLIC LAW 102-550—OCT. 28, 1992

106 STAT. 3701

"(ill) is in a location for recurrent vandalism and
criminal activity (including drug-related criminal activ-
ity); and

M(iv) cannot remedy the elements of distress speci-
fied in clauses (i) through (iii) through assistance under
other programs, such as the programs under section
9 or 14, or through other administrative means; or
"(B)that—

"(i) is owned by a public housing agency designated
as troubled pursuant to section 6(jX2);

"(ii) has a vacancy rate, as determined by the
Secretary, of 50 percent or more, unless the project
or building is vacant because it is awaiting rehabilita-
tion under a modernization program under section 14
that—

"(I) has been approved and funded; and
"(II) as determined by the Secretary, is on
schedule and is expected to result in full occupancy
of the project or building upon completion of the
program; and

(iii) in the case of individual buildings, the build-
ing is, in the Secretary's determination, sufficiently
separable from the remainder of the project to make
use of the building feasible for purposes of this subtitle,
"(i) ANNUAL REPORT.—The Secretary shall submit to the Con-
gress an annual report setting forth—

"(1) the number, type, and cost of public housing units
revitalized pursuant to this section;

"(2) the status of projects identified as severely distressed
public housing pursuant to subsection (b);

"(3) the amount and type of financial assistance provided
under and in conjunction witn this section; and

"(4) the recommendations of the Secretary for statutory
and regulatory improvements to the program established by
this section.".

SEC. 121. CHOICE IN PUBLIC HOUSING MANAGEMENT.

(a) PURPOSE.—The purpose of this section is to encourage choice
in management of distressed public housing projects by residents
and increased resident management of public housing projects, as
a means of improving living conditions in public housing projects,
by providing for resident councils and resident management cor-
porations to transfer the management of distressed projects to
alternative managers.

(b) AMENDMENT TO 1937 ACT.—Title I of the United States
Housing Act of 1937 (42 U.S.C. 1437 et seq.) is amended by adding
after section 24 (as added by section 120 of this Act) the following
new section:

-SEC. 26. CHOICE IN PUBLIC HOUSING MANAGEMENT.

"(a) SHORT TITLE.—This section may be cited as the 'Choice
in Public Housing Management Act of 1992*.
a(b) FUNDING.—

"(1) REHABILITATION AND REDEVELOPMENT GRANTS.—From
amounts reserved under section 14(kX2) for each of fiscal years
1993 and 1994, the Secretary may reserve not more than
$50,000,000 in each such fiscal year for activities under this
section (which may include funding operating reserves for

42 USC 1437w
note.

Choice in Public
Housing
Management
Act of 1992.
42 USC 1437w.