From
the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 6, 1999]
[Document not affected by Public Laws enacted between
January 6, 1999 and October 26, 2000]
[CITE: 42USC12803]
TITLE
42--THE PUBLIC HEALTH AND WELFARE
CHAPTER 130--NATIONAL AFFORDABLE HOUSING
SUBCHAPTER II--INVESTMENT IN AFFORDABLE HOUSING
Part D--Specified Model Programs
Sec. 253. Rental rehabilitation
- 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.
-
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.
- 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.
\1\ See References in Text note below.
(Pub.
L. 101-625, title II, Sec. 253, Nov. 28, 1990, 104 Stat. 4121.)
References in Text
Section 1437o of this title, referred to in subsec. (c), was repealed
by Pub. L. 101-625, title II, Sec. 289(b), Nov. 28, 1990, 104 Stat.
4128.
|