From the U.S. Code Online via GPO Access
[Laws in effect as of January 6, 1999]
[Document not affected by Public Laws enacted between
January 6, 1999 and October 26, 2000]
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 (c), was repealed by Pub.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.