To provide for the transfer of certain real property by the Secretary of Housing and Urban Development.

Directs the Administrator of General Services to transfer to the Secretary of Housing and Urban Development the Poinciana Plaza Housing property, located in the City of Key West, Florida.

Authorizes the Secretary to sell such property only to Key West or to the Monroe County Land Authority, Monroe County, Florida, for the purpose of providing low- and moderate-income housing.

[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5161 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 5161

 To provide for the transfer of certain real property by the Secretary 
                   of Housing and Urban Development.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 18, 2002

Mr. Deutsch (for himself and Ms. Ros-Lehtinen) introduced the following 
     bill; which was referred to the Committee on Government Reform

_______________________________________________________________________

                                 A BILL


 
 To provide for the transfer of certain real property by the Secretary 
                   of Housing and Urban Development.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TRANSFER OF PROPERTY.

    (a) Assignment to HUD.--The Administrator of General Services shall 
assign to the Secretary of Housing and Urban Development the surplus 
property known as the Poinciana Plaza Housing property and located in 
the City of Key West, Florida, for disposal only as provided under 
subsection (b).
    (b) Sale by HUD.--The Secretary of Housing and Urban Development 
shall dispose of the property referred to in subsection (a) by sale to 
the City of Key West, Florida, or the Monroe County Land Authority, 
Monroe County, Florida, in accordance with the procedures and 
requirements of section 203(k)(6) of the Federal Property and 
Administrative Services Act of 1949 (40 U.S.C. 484(k)(6)), except 
that--
            (1) notwithstanding such section, the property shall be 
        used exclusively for the purpose of providing housing or 
        housing assistance for low- and moderate-income individuals or 
        families, as provided in paragraph (2), for the 30-year period 
        beginning upon transfer of the property, and the Secretary 
        shall include in the deed transferring the property such 
        restrictions, and enter into any other such legally binding 
        agreements, as may be necessary to ensure compliance with this 
        paragraph;
            (2) during the period referred to in paragraph (1), of the 
        dwelling units in the property--
                    (A) not less than 60 percent shall be available 
                only for occupancy by low-income individuals and 
                families; and
                    (B) not more than 40 percent shall be available 
                only for occupancy by moderate-income individuals and 
                families;
            (3) notwithstanding subparagraphs (B) and (C) of such 
        section, such transfer shall not be subject to the disapproval 
        of the Administrator of General Services;
            (4) the provisions of subparagraph (C)(i) of such section 
        (relating to self-help labor) shall not apply to such transfer;
            (5) notwithstanding subparagraph (E) of such section, the 
        Administrator shall fix the sale value of the property at 
        $2,500,000, which shall be payable over the 3-year period 
        beginning upon transfer of the property, as provided by the 
        Administrator; and
            (6) during the 30-year period beginning on the date that 
        the secretary transfers the property pursuant to this 
        subsection, if the secretary determines that the property is 
        not being used and occupied in accordance with this subsection, 
        all right, title, and interest in and to the property, 
        including any improvements thereon, shall revert to the United 
        States.
                                 <all>