42 USC 1437z-2 - Public housing mortgages and security interests

U.S Code last checked for updates: Nov 25, 2024

§ 1437z–2.

Public housing mortgages and security interests

(a)

General authorization

(b)

Terms and conditions

In making any authorization under subsection (a), the Secretary may consider—

(1)

the ability of the public housing agency to use the proceeds of the mortgage or security interest for low-income housing uses;

(2)

the ability of the public housing agency to make payments on the mortgage or security interest; and

(3)

such other criteria as the Secretary may specify.

(c)

No Federal liability

(Sept. 1, 1937, ch. 896, title I, § 30, as added Pub. L. 105–276, title V, § 516, Oct. 21, 1998, 112 Stat. 2550.)

cite as: 42 USC 1437z-2