106 STAT. 3784 PUBLIC LAW 102-550—OCT. 28, 1992

to dwelling use (excluding exterior land improvements), $29,500
per family unit without a bedroom, $33,816 per family unit with
1 bedroom, $41,120 per family unit with 2 bedrooms, $53,195 per
family unit with 3 bedrooms, and $58,392 per family unit with
4 or more bedrooms".

SEC. 510. INSURANCE OF LOANS FOR OPERATING LOSSES OF MULTI-
FAMILY PROJECTS.

Section 223(d) of the National Housing Act (12 U.S.C. 1715n(d))
is amended by adding at the end the following new paragraph:

"(6) In determining the amount of an operating loss loan to
be insured pursuant to this subsection, the Secretory shall not
reduce such amount solely to reflect any amounts placed in escrow
(at the time the existing project mortgage was insured) for initial
operating deficits. If an operating loss loan was insured by the
{Secretary pursuant to this subsection before the date of the enact-
ment of the Housing and Community Development Act of 1992
and was reduced solely to reflect the amount placed in escrow
for initial operating deficits, the Secretary shall insure, to the
extent of the availability of insurance authority provided in appro-
priation Acts, an increase in the existing loan or a separate loan,
in an amount equal to the lesser of (A) the maximum amount
permitted under this subsection and the applicable underwriting
requirements established by the Secretary and in effect at the
time the loan is to be made, or (B) the amount of the escrow
for initial operating deficits.".

SEC. 511. ELIGIBILITY OF ASSISTED LIVING FACILITIES FOR MORT-
GAGE INSURANCE UNDER SECTION 232.

(a) PURPOSE.—Section 232(a) of the National Housing Act (12
U.S.C. 1715w(a)) is amended—

(1) in the matter preceding paragraph (1), by striking
"either" and inserting "any"; and

(2) by adding at the end the following new paragraph:
"(3) The development of assisted living facilities for the

care of frail elderly persons.".

(b) DEFINITIONS.—Section 232(b) of the National Housing Act
(12 U.S.C. 1715w(b)) is amended—

(1) in paragraph (4), by striking "and" at the end;

(2) in paragraph (5), by striking the period at the end
and inserting a semicolon; and

(3) by adding at the end the following new paragraphs:
"(6) the term 'assisted living facility* means a public facility,

proprietary facility, or facility of a private nonprofit corporation

that—

"(A) is licensed and regulated by the State (or if there
is no State law providing for such licensing and regulation
by the State, by the municipality or other political subdivi-
sion in which the facility is located);

"(B) makes available to residents supportive services
to Bassist the residents in carrying out activities of daily
living, such as bathing, dressing, eating, getting in and
out of bed or chairs, walking, going outdoors, using the
toilet, laundry, home management, preparing meals, shop-
ping for personal items, obtaining and taking medication,
managing money, using the telephone, or performing light
or heavy housework, and which may make available to