; (ii) preserve the health and safety of public housing residents of the public housing agency; and (iii) minimize, to the greatest extent possible, the dislocation of tenants who wish to remain in their dwelling units. . (b) Guidance Not later than 1 year after the date of enactment of this Act, the Secretary of Housing and Urban Development shall revise any relevant regulation, policy, or guideline of the Department of Housing and Urban Development to conform with the amendment made by subsection (a). 4. Ability of consortia to enter into single annual contributions contracts (a) In general Section 13(a) of the United States Housing Act of 1937 ( 42 U.S.C. 1437k(a) ) is amended by adding at the end the following: (4) Single annual contributions contracts (A) In general On and after the date on which the Secretary promulgates regulations under subparagraph (B), subject to the approval of the Secretary, each consortium described in paragraph (1) may enter into a single annual contributions contract under which the consortium— (i) shall be a separate legal entity from each public housing agency participating in the consortium; and (ii) shall be deemed a single public housing agency for purposes of this Act. (B) Regulations Not later than 1 year after the date of enactment of the Averting Crises in Housing Assistance Act , the Secretary shall promulgate regulations relating to requirements for any consortium described in paragraph (1) desiring to enter into a single annual contributions contract under subparagraph (A) of this paragraph, including requirements relating to obtaining the approval of the Secretary to enter into such a single annual contributions contract under that subparagraph. . (b) Clerical amendment Section 3(b)(6)(B)(i) of the United States Housing Act of 1937 ( 42 U.S.C. 1437a(b)(6)(B)(i) ) is amended by striking consortia and inserting consortium .