To extend FHA-insured multifamily housing mortgage and housing assistance restructuring authority, and for other purposes.

Amends the Multifamily Assisted Housing Reform and Affordability Act of 1997 (Act) to extend the Office of Multifamily Housing Assistance Restructuring. Sites the Office within the Federal Housing Administration of the Department of Housing and Urban Development (HUD). Transfers authority to appoint the Director of the Office from the President to the Secretary of HUD. Revises the multifamily housing mortgage and assistance restructuring program with respect to: (1) tenant groups; (2) mortgage restructuring and rental assistance sufficiency plans to facilitate property transfers; and (3) eligible project rents.

Amends the United States Housing Act of 1937 to make enhanced voucher authority under the section 8 rental assistance program subject to certain rent limitations under the Act.