106 STAT. 3758 PUBLIC LAW 102-550—OCT. 28, 1992

(3) by adding at the end the following:

"(f) DEFINITION OF COMMUNITY LAND TRUST.—For purposes
of this section, the term 'community land trust* means a community
housing development organization (except that the requirements
under subparagraphs (C) and (D) of section 104(6) shall not apply
for purposes of this subsection)—

"(1) that is not sponsored by a for-profit organization;
"(2) that is established to carry out the activities under
paragraph (3);
"(3)ihat-

"(A) acquires parcels of land, held in perpetuity, pri-
marily for conveyance under long-term ground leases;

M(B) transfers ownership of any structural improve-
ments located on such leased parcels to the lessees; and
"(C) retains a preemptive option to purchase any such
structural improvement at a price determined by formula
that is designed to ensure that the improvement remains
affordable to low- and moderate-income families in
perpetuity;

"(4) whose corporate membership that is open to any adult
resident of a particular geographic area specified in the bylaws
of the organization; and

"(5) whose board of directors—

"(A) includes a majority of members who are elected
by the corporate membership; and

"(B) is composed of equal numbers of (i) lessees pursu-
ant to paragraph (3)(B), (ii) corporate members who are
not lessees, and (iii) any other category of persons described
in the bylaws of the organization.".

(b) WOMEN IN HOMEBUILDING.—Section 233 of the Cranston-
Gonzalez National Affordable Housing Act (42 U.S.C. 12773), as
amended by subsection (a) of this section, is further amended—

(1) in subsection (a)—

(A) in paragraph (1), by striking "and" at the end;

(B) in paragraph (2), by striking the period at the
end and inserting "; and"; and

(C) by adding at the end the following:

"(3) to achieve the purposes under paragraphs (1) and
(2) by helping women who reside in low- and moderate-income
neighborhoods rehabilitate and construct housing in the
neighborhoods.".

(2) in subsection (b), by adding after paragraph (6) (as
added by subsection (a)(2) of this section) the following:

"(7) FACILITATING WOMEN IN HOMEBUILDING PROFESSIONS.—
Technical assistance may be made available to businesses,
unions, and organizations involved in construction and
rehabilitation of housing in low- and moderate-income areas
to assist women residing in the area to obtain jobs involving
such activities, which may include facilitating access by such
women to, and providing, apprenticeship and other training
programs regarding nontraditional skills, recruiting women to
participate in such programs, providing continuing support for
women at job sites, counseling and educating businesses regard-
ing suitable work environments for women, providing informa-
tion to such women regarding opportunities for establishing
small housing construction and rehabilitation businesses, and
providing materials and tools for training such women (in an