6-27-5. State, county, municipalities, instrumentalities of the state
126 words·~1 min read·
/nm/chapter-6-public-finances/article-27-affordable-housing-act/6-27-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
and the authority; authorization for affordable housing.
The state, including any agency or instrumentality of the state, or a county, a municipality or the authority may:
A. donate, provide or pay all, or a portion, of the costs of land for the construction on the land of affordable housing;
B. donate, provide or pay all or a portion of the costs of conversion or renovation of existing buildings into affordable housing;
C. provide or pay the costs of financing or infrastructure necessary to support affordable housing projects; or
D. provide or pay all or a portion of the costs of acquisition, development, construction, financing, operating or owning affordable housing.
History: Laws 2004, ch. 104, § 5; 2007, ch. 49, § 2; 2015, ch. 69, § 5.