In the operation or management of housing projects, an authority shall at all times observe the following duties with respect to rentals and tenant selection:
Nothing contained in this or the preceding section shall be construed as limiting the power of authority to vest, in an obligee, the right, in the event of a default by the authority, to take possession, during the period of such default, of a housing project or cause the appointment of a receiver thereof, free from all restrictions imposed by this or the preceding section.
Idaho Code § 31-4213