Provides for: (1) consistency of rent levels under enhanced voucher assistance and rent restructurings; (2) eligible inclusions for renewal rents of partially assisted buildings; (3) eligibility of restructuring projects for miscellaneous housing insurance; (4) Office of Multifamily Housing Assistance Restructuring (Office) notice to displaced tenants; (5) restructuring exemption for certain older properties under the American Homeownership and Economic Opportunity Act of 2000; and (6) "look-back" project eligibility.
Title II: Office of Multifamily Housing Assistance Restructuring - Amends the Act to extend: (1) the Office through October 1, 2004; and (2) the mark-to-market program through October 1, 2006 (with no termination date for section 8 contract renewals). Sets forth provisions relating to the Office, including its Director and oversight by the Federal Housing Commissioner. Reduces the limitation on subsequent employment from two years to one year.
Title III: Miscellaneous Housing Program Amendments - Amends the Housing and Community Development Act of 1974 to extend the community development block grant public services cap exception through FY 2003.
(Sec. 302) Amends the United States Housing Act of 1937 to permit the use of section 8 enhanced vouchers for prepayments made in 1996 or thereafter.
(Sec. 303) Amends the American Homeownership and Economic Opportunity Act of 2000 to permit prepayment and refinancing of loans for section 202 supportive housing.