enter into lease agreements with owners of multi-family rental property located in areas covered by a major disaster declaration to house individuals and households eligible for assistance under section 5174 of title 42;

make improvements to properties under such lease agreements;

use the pilot program where the program is cost effective in that the cost to the Government for the lease agreements is in proportion to the savings to the Government by not providing alternative housing; and

limit repairs to those required to ensure that the housing units shall meet Federal housing quality standards.

shall be deducted from the value of the lease agreement; and

may not exceed the value of the lease agreement.

an assessment of the effectiveness of the pilot program under this section, including an assessment of cost-savings to the Federal Government and any benefits to individuals and households eligible for assistance under section 5174 of title 42 under the pilot program;

findings and conclusions of the Administrator with respect to the pilot program;

an assessment of additional authorities needed to aid the Agency in its mission of providing disaster housing assistance to individuals and households eligible for assistance under section 5174 of title 42, either under the pilot program under this section or other potential housing programs; and

any recommendations of the Administrator for additional authority to continue or make permanent the pilot program.