FEDERAL · 42 U.S.C. · Chapter SUBCHAPTER II—INVESTMENT IN AFFORDABLE HOUSING
Rental rehabilitation
42 U.S.C. § 12803
This text of 42 U.S.C. § 12803 (Rental rehabilitation) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
42 U.S.C. § 12803.
Text
(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.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
§ 1437o
42 U.S.C. § 1437o
Source Credit
History
(Pub. L. 101–625, title II, §253, Nov. 28, 1990, 104 Stat. 4121.)
Editorial Notes
Editorial Notes
References in Text
Section 1437o of this title, referred to in subsec. (c), was repealed by Pub. L. 101–625, title II, §289(b), Nov. 28, 1990, 104 Stat. 4128.
References in Text
Section 1437o of this title, referred to in subsec. (c), was repealed by Pub. L. 101–625, title II, §289(b), Nov. 28, 1990, 104 Stat. 4128.
Cite This Page — Counsel Stack
Bluebook (online)
42 U.S.C. § 12803, Counsel Stack Legal Research, https://law.counselstack.com/usc/42/12803.