PUBLIC LAW 102-550—OCT. 28, 1992

106 STAT. 3757

"(3) INSULAR AREAS.—For each fiscal year, of any amounts
approved in appropriation Acts to carry out this title, the Sec-
retary shall reserve for grants to the insular areas the greater
of (A) $750,000, or (B) 0.2 percent of the amounts appropriated
under such Acts. The Secretary shall provide for the distribu-
tion of amounts reserved under this paragraph among the
insular areas pursuant to specific criteria for such distribu-
tion, which shall be contained in a regulation issued by the
Secretary.".

(3) EXPEDITED ISSUANCE OF REGULATION.—The regulation
referred to in the amendment made by paragraph (2)(D) shall
take effect not later than the expiration of the 90-day period
beginning on the date of the enactment of this Act. The regula-
tion shall not be subject to the requirements of subsections
(b) and (c) of section 553 of title 5, United States Code, or
section 7(o) of the Department of Housing and Urban Develop-
ment Act.

(b) EFFECTIVE DATE.—The amendments made by subsection
(a) shall apply with respect to fiscal year 1993 and thereafter.

SEC. 212. COMMUNITY HOUSING PRODUCTION SET-ASIDE.

(a) EXTENSION OF PERIOD.—Section 231 of the Cranston-
Gonzalez National Affordable Housing Act (42 U.S.C. 12771) is
amended by striking "18 months" each place it appears in sub-
sections (a) and (b) and inserting "24 months".

(b) ALLOCATION FOR USE BY NONPROFIT ORGANIZATION.—Sec-
tion 231(a) of the Cranston-Gonzalez National Affordable Housing
Act (42 U.S.C. 12771(a)) is amended by inserting after the second
sentence the following: "If during the first 24 months of its participa-
tion under this title, a participating jurisdiction is unable to identify
a sufficient number of capable community housing development
organizations, then up to 20 percent of the funds allocated to
that jurisdiction under this section, but not to exceed $150,000,
may be made available to carry out activities that develop the
capacity of community housing development organizations in that
jurisdiction.".

(c) OTHER REQUIREMENTS.—-Section 234(b) of the Cranston-
Gonzalez National Affordable Housing Act (42 U.S.C. 12774(b))
is amended—

(1) by striking ", together with other Federal assistance,";
and

(2) by inserting before the period the following: "or $50,000
annually, whichever is greater".

SEC. 213. HOUSING EDUCATION AND ORGANIZATIONAL SUPPORT FOR
COMMUNITY LAND TRUSTS.

(a) COMMUNITY LAND TRUSTS.—Section 233 of the Cranston-
Gonzalez National Affordable Housing Act (42 U.S.C. 12773) is
amended—

(1) in subsection (aX2), by inserting ", including community
land trusts," after "organizations";

(2) in subsection (b), by adding at the end the following:
"(6) COMMUNITY LAND TRUSTS.—Organizational support,

technical assistance, education, training, and continuing sup-
port under this subsection may be made available to community
land trusts (as such term is defined in subsection (f)) and
to community groups for the establishment of community land
trusts."; and

Regulations.

Effective date.
42 USC 12747
note.

42 USC 12704
note.