42 USC 12804 - Rehabilitation loans

§ 12804. Rehabilitation loans

(a) In general

(b) Condition of loans

Guidelines for the model program may require that the property—

(1) be located in an area that contains a substantial number of dwellings in need of rehabilitation;

(2) the property 1

1 So in original. The words “the property” probably should not appear.

is residential and owner-occupied; and

(3) the property 1 is in need of rehabilitation or concentrated code enforcement within a reasonable time, and the rehabilitation of such property is consistent with a local plan for rehabilitation or code enforcement.

Additional guidelines for the model program shall generally comport with the additional protections and restrictions specified under section 1452b 2

2 See References in Text note below.

of this title.

(Pub. L. 101–625, title II, § 254, Nov. 28, 1990, 104 Stat. 4121.)