Extension of time period for obligation
The Secretary—
(A) may, extend the time period under paragraph (1) for a public housing agency, for such period as the Secretary determines to be necessary, if the Secretary determines that the failure of the agency to obligate assistance in a timely manner is attributable to— (i) litigation; (ii) obtaining approvals of the Federal Government or a State or local government; (iii) complying with environmental assessment and abatement requirements; (iv) relocating residents; (v) an event beyond the control of the public housing agency; or (vi) any other reason established by the Secretary by notice published in the Federal Register;
(B) shall disregard the requirements of paragraph (1) with respect to any unobligated amounts made available to a public housing agency, to the extent that the total of such amounts does not exceed 10 percent of the original amount made available to the public housing agency; and
(C) may, with the prior approval of the Secretary, extend the time period under paragraph (1), for an additional period not to exceed 12 months, based on— (i) the size of the public housing agency; (ii) the complexity of capital program of the public housing agency; (iii) any limitation on the ability of the public housing agency to obligate the amounts allocated for the agency from the Capital Fund in a timely manner as a result of State or local law; or (iv) such other factors as the Secretary determines to be relevant.