11-7-56. Purchase or lease of existing buildings in lieu of new construction for housing project.
54 words·~1 min read·
/sd/title-11/chapter-11-7/11-7-56A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In order to conserve the existing housing supply, a commission is authorized to purchase or lease or otherwise acquire existing buildings for low - rent housing whenever this is feasible, in lieu of new construction. All provisions of this chapter relating to other low - rent housing projects shall be applicable to such projects.