106 STAT. 3848 PUBLIC LAW 102-550—OCT. 28, 1992

of assistance under this title (including program income) in
each of fiscal years 1993 through 1997 to the City of Los
Angeles and County of Los Angeles, each such unit of general
government may use not more than 25 percent in each such
fiscal year for activities under this paragraph";

(2) in paragraph (19), by striking "and" at the end;

(3) by redesignating paragraph (20) as paragraph (25);
and

(4) by inserting after paragraph (19) the following new
paragraphs:

"(20) provision of technical assistance to public or nonprofit
entities to increase the capacity of such entities to carry out
eligible neighborhood revitalization or economic development
activities, which assistance shall not be considered a planning
cost as defined in paragraph (12) or administrative cost as
defined in paragraph (13);

"(21) housing services, such as housing counseling, energy
auditing, preparation of work specifications, loan processing,
inspections, tenant selection, management of tenant-based
rental assistance, and other services related to assisting owners,
tenants, contractors, and other entities, participating or seeking
to participate in housing activities authorized under this sec-
tion, or under title II of the Cranston-Gonzalez National Afford-
able Housing Act, except that activities under this paragraph
shall be subject to any limitation on administrative expenses
imposed by any law;

"(22) provision of assistance by recipients under this title
to institutions of higher education having a demonstrated
capacity to carry out eligible activities under this subsection
for carrying out such activities;

"(23) provision of assistance to public and private organiza-
tions, agencies, and other entities (including nonprofit and for-
profit entities) to enable such entities to facilitate economic
development by—

"(A) providing credit (including providing direct loans
and loan guarantees, establishing revolving loan funds,
and facilitating peer lending programs) for the establish-
ment, stabilization, and expansion of microenterprises;

"(B) providing technical assistance, advice, and busi-
ness support services (including assistance, advice, and
support relating to developing business plans, securing
funding, conducting marketing, and otherwise engaging in
microenterprise activities) to owners of microenterprises
and persons developing microenterprises; and

"(C) providing general support (such as peer support
programs and counseling) to owners of microenterprises
and persons developing microenterprises;
"(24) activities necessary to make essential repairs and
to pay operating expenses necessary to maintain the habit-
ability of housing units acquired through tax foreclosure
proceedings in order to prevent abandonment and deterioration
of such housing in primarily low- and moderate-income
neighborhoods; and".

(b) DIRECT HOMEOWNERSHIP ASSISTANCE.—Section 907(b)(2) of
the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C.
5305 note) is amended—