42 U.S.C. § 12803

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)

Section 12803 - Rental rehabilitation

(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.

¹See References in Text note below.

42 U.S.C. § 12803

Pub. L. 101-625, title II, §253, Nov. 28, 1990, 104 Stat. 4121.

EDITORIAL NOTES

REFERENCES IN TEXTSection 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 (c), was repealed by Pub.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.

Secretary

The term "Secretary" means the Secretary of Housing and Urban Development.1See References in Text note below.