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Code · STATUTE-COMPILATIONS · Cranston-Gonzalez National Affordable Housing Act · Sec. 253

Sec. 253. RENTAL REHABILITATION

130 words·~1 min read·/statute-compilations/comps-10653/sec-253

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## SEC. 253 RENTAL REHABILITATION **[**[42 U.S.C. 12803](/us/usc/t42/s12803)**]** ###
(a)In General The Secretary shall make available a model program to support the rehabilitation of privately owned rental housing located in neighborhoods where the median income does not exceed 80 percent of the area median as determined by the Secretary and where rents can reasonably be expected not to change materially over an extended period of time. ###
(b)Amount of Subsidy The amount of the rehabilitation subsidy shall be moderate and shall generally not exceed 50 percent of the total costs associated with the rehabilitation of the housing. ###
(c)Additional Restrictions The guidelines of the model program shall generally comport with the additional protections and restrictions specified under section 17(c) of the United States Housing Act of 1937.
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Sec. 253
RENTAL REHABILITATION
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