PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 3707

of audit and examination to any books, documents,
papers, and records of a manager and resident council
that are pertinent to assistance received under, and
to the requirements of, this section.
"(C) REPORTING REQUIREMENTS.—Each manager shall
submit to the Secretary such reports as the Secretary deter-
mines appropriate to carry out the Secretary's responsibil-
ities under this section, including an annual financial audit.
"(D) ANNUAL REPORT.—The Secretary shall submit an
annual report to the Congress evaluating management
transfers under this section compared to other methods
of dealing with severely distressed public housing,
"(k) NONDISCRIMINATION.—No person in the United States
shall, on the grounds of race, color, national origin, religion, or
sex, be excluded from participation in, be denied the benefits of,
or be subjected to discrimination under, any program or activity
funded in whole or in part with funds made available under this
section. Any prohibition against discrimination on the basis of age
under the Age Discrimination Act of 1975 or with respect to an
otherwise qualified handicapped individual as provided in section
504 of the Rehabilitation Act of 1973 shall also apply to any such
program or activity.

"(1) RELATIONSHIP TO OTHER PROGRAMS.—

"(1) HOMEOWNERSHIP.—After a transfer of management in
accordance with this section, the eligible housing shall remain
eligible for assistance under title III and for sale under section
5(h). Participation in a homeownership program shall be
consistent with a contract between the Secretary and a
manager.

"(2) SELF-SUFFICIENCY.—Where an application under sub-
section (f) proposes a program to enable residents to achieve
economic independence and self-sufficiency, consistent with the
objectives of the program under section 23, and demonstrates
that the manager has the capacity to carry out a self-sufficiency
program, the Secretary may approve such a program. Where
such a program is approved, the Secretary shall authorize
the manager to adopt policies consistent with section 23(d)
(relating to maximum rents and escrow savings accounts) and
section 23(e) (relating to effect of increases in family income),
"(m) DEFINITIONS.—For purposes of this section:

"(1) The term 'eligible housing* means a public housing
project, or one or more buildings within a project, that—

"(A) is owned or operated by a troubled public housing
agency; and

"(B) has been identified as severely distressed under
section 24 of this Act.

In the case of an individual building, the building shall, in
the determination of the Secretary, be sufficiently separable
from the remainder of the project to make use of the building
feasible for purposes of this section.

"(2) The term 'manager' means one of the following entities
that has entered into a contract with the Secretary for the
management of eligible housing under this section:

"(A) A public or private nonprofit organization (includ-
ing, as determined by the Secretary, such an organization
sponsored by the public housing agency).