Housing and Community Development Act of 1992…
“ TRANSITION RULE.— For the purposes of determining compliance with the requirements of section 104 (6) of the Cranston-Gonzalez National Affordable Housing Act, the Secretary of Housing and Urban Development may provide an exception for organizations that meet the definition of community housing development organization, except for significant representation of low-income community residents on the board, if such organization fulfills such requirement within 6 months of receiving funds under title II of such Act or September 30, 1993, whichever is sooner. ”
