,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #hecc  ,,in ,,the ,,house ,,of  
,,representatives  ,october #f1         
#bjbj,ms4 ,clark of ,massachusetts 7for 
herself1 ,mr4 ,marchant1 and ,mr4       
,cisneros7 introduced the following     
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to provide an exception to the 
volume cap requirement for private      
activity bonds used to finance the      
preservation1 improvement1 or           
replacement of certain                  
federally-assisted buildings1 and for   
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,support       
,allowing ,volume ,exception for        
,federally-,assisted ,housing ,act or   
the ,,save ,federally-,assisted ,housing
 ,act4  #b4 ,exception to volume cap    
requirement for certain private activity
 bonds  7a7 ,in general ,section        
#adf7;g7 of the ,internal ,revenue ,code
 of #aihf is amended in paragraph 7#c7  
by striking and1 in paragraph 7#d7 by   

striking the period at the end and      
inserting 1 and1 and by adding at the   
end the following new paragraph3  7#e7  
any bond to finance the preservation1   
improvement1 or replacement of a        
,federally-assisted building 7as such   
term is described in section            
#db7;d77#f77;,c77i71 provided that for  
purposes of this paragraph1 the         
substantial assistance requirement under
 such section will be considered met    
with respect to any building with more  
than #bj percent of units assisted or   
more than #bj percent of the eligible   
basis funded under one or more of the   
housing programs covered therein74  4   
7b7 ,low-,income housing credit ,section
 #db7;h77#d77;,a77i7 of such ,code is   
amended by adding after section #adfor  
is described in section #adf7;g77#e74   
7c7 ,effective date ,the amendments made
 by this section shall apply to bonds   
issued after the date of the enactment  
of this section4