Sec. 30. PUBLIC HOUSING MORTGAGES AND SECURITY INTERESTS

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## SEC. 30 PUBLIC HOUSING MORTGAGES AND SECURITY INTERESTS **[**[42 U.S.C. 1437z–2](/us/usc/t42/s1437z–2)**]** ###

(a)General Authorization The Secretary may, upon such terms and conditions as the Secretary may prescribe, authorize a public housing agency to mortgage or otherwise grant a security interest in any public housing project or other property of the public housing agency. ###

(b)Terms and Conditions In making any authorization under subsection (a), the Secretary may consider— ####

(1)the ability of the public housing agency to use the proceeds of the mortgage or security interest for low-income housing uses; ####

(2)the ability of the public housing agency to make payments on the mortgage or security interest; and ####

(3)such other criteria as the Secretary may specify. ###

(c)No Federal Liability No action taken under this section shall result in any liability to the Federal Government.

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42 USC 1437z–2

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Sec. 30

PUBLIC HOUSING MORTGAGES AND SECURITY INTERESTS

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