
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC12803]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                CHAPTER 130--NATIONAL AFFORDABLE HOUSING
 
             SUBCHAPTER II--INVESTMENT IN AFFORDABLE HOUSING
 
                    Part D--Specified Model Programs
 
Sec. 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.
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    \1\ See References in Text note below.
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(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repealed by Pub.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.
