§ 12803. Rental rehabilitation

159 words·~1 min read·/usc/title-42/section-12803

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(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 1437o(c) 1 of this title.

(Pub. L. 101–625, title II, § 253, Nov. 28, 1990, 104 Stat. 4121.)

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Cited by 2 sections

statute-compilations

Sec. 253
RENTAL REHABILITATION

statutes-at-large

Public Law 101–625
To authorize a new HOME Investment Partnerships program, a National Homeownership Trust program, and HOPE programs, to amend and extend certain laws relating to housing, community and neighborhood preservation, and related programs, and for other purposes

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1
Pub. L. 101–625, title II, § 253
104 Stat. 4121
Pub. L. 101–625, title II, § 289(b)
104 Stat. 4128

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§ 12803

Rental rehabilitation

Stat. Comp.×1

Stat.×1

Cite1

Pub. L.Pub. L. 101–625, title II, § 253

Stat.104 Stat. 4121

Pub. L.Pub. L. 101–625, title II, § 289(b)

Stat.104 Stat. 4128

Cites 5Cited by 2 across 2 sources