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42 U.S.C. § 12803 — Rental rehabilitation

submitted 36 years ago by Pub. L. 101-625 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 117 words · no verdicts yet

in plain englishAI-generated · not legal advice

This model program funds rehab of rental housing in lower-income, stable-rent neighborhoods. Subsidies are modest, generally capped at half the rehab cost. The guidelines generally follow the protections in section 1437o(c).

(a) In general: The Secretary must offer a model program supporting rehabilitation of privately owned rental housing, in neighborhoods where the median income is no more than 80% of the area median (as the Secretary determines), and where rents are not expected to change much over time. (b) Amount of subsidy: The rehabilitation subsidy must be moderate, generally no more than 50% of the total rehabilitation cost. (c) Additional restrictions: This model program's guidelines must generally match the extra protections and restrictions found in section 1437o(c).
the actual law source: uscode.house.gov ↗public domain
(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.

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

history & why it existsrecord from the source credit
  • 1990Enacted · Pub. L. 101-625 · 104 Stat. 4121

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-625 on 1990-11-28.

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