Untitled section

For fiscal years 2027 and 2028, the Secretary may provide a lump-sum payment to a mortgagee on behalf of a project owner, including an owner subject to section 236(e)(2) of the National Housing Act (12 U.S.C. 1715z-1(e)(2)), for the administration of interest reduction payments pursuant to section 236(c) of the National Housing Act (12 U.S.C. 1715z-1(c)): Provided, That the project owner must request to combine remaining interest reduction payments into one lump-sum amount: Provided further, That the project owner must agree to remain subject to such binding commitments and affordability restrictions as projected prior to such lump-sum payment: Provided further, That if a project owner fails to meet such binding commitments and affordability restrictions, all or a portion of such lump-sum payment will be subject to repayment to the Secretary: Provided further, That the Secretary may implement this section by notice or other administrative means, including by providing alternative requirements to regulations implementing section 236 of the National Housing Act, other than provisions related to fair housing, nondiscrimination, labor standards, and the environment.