106 STAT. 3748 PUBLIC LAW 102-550—OCT. 28, 1992

(B) by adding at the end the following new subsection:

"(v) Notwithstanding section 202 of this title, the insurance

of a mortgage under this section in connection with the assistance

provided under section 8(y) of the United States Housing Act of

1937 shall be the obligation of the General Insurance Fund created

Sursuant to section 519 of this title. The provisions of subsections
i) through (h), (j)» and (k) of section 204 shall apply to such
mortgages, except that (1) all references in section 204 to the
Mutual Mortgage Insurance Fund or the Fund shall be construed
to refer to the General Insurance Fund, and (2) any excess amounts
described in section 204(f)(l) shall be retained by the Secretary
and credited to the General Insurance Fund.".

(2) GENERAL INSURANCE FUND.—Section 519(e) of the
National Housing Act (12 U.S.C. 1735c(e)) is amended by insert-
ing after "203(b)" the following: "(except as provided in section
203(v))".

(3) MORTGAGE INSURANCE TRANSITION PREMIUMS.—The
matter preceding paragraph (1) in section 2103(b) of the Omni-
bus Budget Reconciliation Act of 1990 (12 U.S.C. 1709 note)
is amended by inserting "or of the General Insurance Fund
pursuant to section 203(v) of the National Housing Act" after
"Fund".

(4) CONFORMING AMENDMENT.—The third sentence of sec-
tion 3(aXD of the United States Housing Act of 1937 (42
U.S.C. 1437a(a)(l)) is amended by inserting "or (y) or paying
rent under section 8(c)(3)(B)" after "section 8(0)".

Disadvantage^ SEC. 186. ENTERPRISE ZONE HOMEOWNERSHIP OPPORTUNITY

42 USC 12898a. GRANTS.

(a) STATEMENT OF PURPOSE.—It is the purpose of this section—

(1) to encourage homeownership by families in the United
States who are not otherwise able to afford homeownership;

(2) to encourage the redevelopment of economically
depressed areas; and

(3) to provide better housing opportunities in federally
approved and equivalent State-approved enterprise zones.

(b) DEFINITIONS.—For purposes of this section the following
definitions shall apply:

(1) HOME.—The term "home" means any 1- to 4-family
dwelling. Such term includes any dwelling unit in a condomin-
ium project or cooperative project consisting of not more than
4 dwelling units, any town house, and any manufactured home.

(2) METROPOLITAN STATISTICAL AREA.—The term "metro-
politan statistical area" means a metropolitan statistical area
as established by the Office of Management and Budget.

(3) NONPROFIT ORGANIZATION.—The term "nonprofit
organization" means a private nonprofit corporation, or other
private nonprofit legal entity, that is approved by the Secretary
as to financial responsibility.

(4) SECRETARY.—The term "Secretary" means the Secretary
of Housing and Urban Development.

(5) STATE.—The term "State" means each of the several
States, the District of Columbia, the Commonwealth of Puerto
Rico, the Virgin Islands, Guam, American Samoa, the Northern
Mariana Islands, the Trust Territory of the Pacific Islands,

. and any other territory or possession of the United States.