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Housing Act of 1949

PUBLIC
DISCLOSURE BY
REDEVELOPERS

such bearing.

(e)-No understanding with respect to, or contract for, the disposition of land within an urban renewal area shall be entered into by & local public agency unless the local public agency shall have first made public, in such form and manner as may be prescribed by the Secretary, (1) the name of the redeveloper, together with the names of its officers and principal members, shareholders and investors, and other interested parties, (2) the redeveloper's estimate of the cost of any residential redevelopment and rehabilitation, and (3) the redeveloper's estimate of rentals and sales prices of any proposed housing involved in such redevelopment and rehabilitation: Provided, That nothing in this subsection sball constitute a basis for contesting the conveyance of, or title to, such land.

()?A majority of the housing units provided in each community's total of such approved urban renewal projects as will be redeveloped for predominantly residential uses and which receive Federal recognition after the date of enactment of the Housing and Urban Development Act of 1968 shall be standard housing units for low and

LOW AND MODERATE
INCOME HOUSING

Subsection (e) added by sec. 407, Housing Act of 1959, Public Law 86-372, approved Sept. 23, 1959, 73 Stat. 654,673.

2sec. 512, Housing and Urban Development Act of 1968, Public Law 90-448, approved August 1, 1968, 82 Stat. 476, 524, amended subsection (1) to read as set forth in the text. As originally enacted by sec. 703(a), Demonstration Cities and Metropolitan Development Act of 1966, Public Law 89-754, approved Nov. 3, 1966, 80 Stat. 1255, 1281, subsection (1) read as follows:

"(1) The redevelopment of the urban renewal area, wless such redevelopment is for predominantly nonresidential uses, will provide a substantial number of units of standard housing of low and moderate cost and result in marked progress in serving the poor and disadvantaged people living in slum and blighted areas.

Sec. 703(b) of the 1966 Act provided that: "The amendment made by subsection (a) shall apply only in the case of contracts for loans or capital grants which are made with respect to urban renewal projects undertaken pursuant to urban renewal plans approved after the date of the enactment of this Act."

Housing Act of 1949

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moderate income families or individuals:
Provided, That the units in each community's
total of such approved urban renewal projects
which are for low-income families or individuals
shall constitute at least 20 per centum of the
units in such projects, except that the Secretary
may waive the requirement of this proviso in any
community to the extent that units for low-income
families and individuals are not needed. The
Secretary sball promptly report any waiver under
the proviso in the preceding sentence to the
Committees on Banking and Currency of the Senate
and the House of Representatives.

(8) Consideration has been given to the development of a sewer system to serve the urban renewal area which will, to the maximum extent feasible, provide for effective control of storm and sanitary wastes.

SEWER SYSTEMS

General Provisions

Sec. 106. (a) In the performance of, and with respect to, the functions, powers, and duties vested in him by this title, the Secretary, notwithstanding the provisions of any other law, shall

O

Subsection (8) was added by sec. 706, Demonstration Cities and Metropolitan Development Act of 1966, Public Law 89-754, approved November 3, 1966, 80 Stat. 1255, 1281.

Housing Act of 1949

(1) prepare annually and submit a budget

BUDGET PROGRAM

ACCOUNTS AND AUDIV'S

program as provided for wholly owned Government corporations by the Government Corporation Control Act, as amended:

(2) maintain an integral set of accounts which shall be audited annually by the General Accounting Office in accordance with the principles and procedures applicable to commercial transactions as provided by the Government Corporation Control Act, as amended, and no other audit shall be required: Provided, That such financial transactions of the Secretary as the making of advances of funds, loans, or grants and vouchers approved by the Secretary in connection with such financial transactions shall be final and conclusive upon all officers of the

Government. (b) Funds made available to the Secretary pursuant to the provisions of this title shall be deposited in a checking account or accounts with the Treasurer of the United States. Receipts and assets obtained or held by the Secretary in connection with the performance of his functions under this title shall be available for any of the purposes of this title (except for grants pursuant to section 103 hereof), and all funds available for carrying out the functions of the Secretary under this title (including appropriations therefor, which are hereby

CHECKING ACCOUNT
WITH TREASURER

1sec. 6 (3) of the Act of May 25, 1967, Public Law 90-19, 81 Stat. 17, 21, repealed a previous paragraph, (1) and renumbered (2) and (3) as (1) and (2). The repealed paragraph read as follows: "(1) appoint a Director to administer the provisions of this title under the direction and supervision of the Administrator and the basic rate of compensation of such position shall be the same as the basic agencies of the Housing and Home Finance Agency;".

The deletion of paragraph (1) reflected the transfer of the Housing and Home Finance Agency to the Department of Housing and Urban Development as required by sec. 5 (a) of the Department of Housing and Urban Development Act, Public Law 89-174, September 9, 1965, 79 Stat. 667, 669.

Subsequently, Secretary's Organization Order #23 issued on October 5, 1966, established the Renewal Assistance Administration under the Assistant Secretary for Renewal and Housing Assistance.

Sec. 417 (1), Housing Act of 1959, Public Law 86-372, approved Sept. 23, 1959, 73 Stat. 654-676, deleted the word "capital" before "grants".

Housing Act of 1949

INSPECTIONS,
AUDITS AND SITE
REPRESENTATIVES

authorized), shall be available, in such
amounts as may from year to year be authorized
by the Congress, for the administrative expenses
of the Secretary in connection with the performance
of such functions: Provided", Tbat necessary
expenses of inspections and audits, and of pro-
viding representatives at the site, of projects
being planned or undertaken by local public
agencies pursuant to this title shall be
compensated by such agencies by the payment of
fixed fees which in the aggregate will cover the
costs of rendering such services, and such
expenses shall be considered nonadministrative;
and for the purpose of providing such inspections
and audits and of providing representatives at
the sites, the Secretary may utilize any agency
and such agency may accept reimbursement or
payment for such services from such local public
agencies or the Secretary and credit such amounts
to the appropriations or funds against which such
charges have been made.

(c) In the performance of, and with respect to, the functions, powers, and duties vested in him by this title, the Secretary, notwithstanding the provisions of any other law, mey-

sue and be sued; (2) foreclose on any property or commence any action to protect or enforce any right conferred upon him by any law, contract, or other agreement, and bid for and purchase at any foreclosure or any other sale any project or part thereof in connection with which he has made a loan or capital grant pursuant to this title. In the event of any such acquisition, the Secretary may, notwithstanding any other provision of law relating to the acquisition, handling, or disposal of real property by the United States, complete, administer, dispose of, and otherwise deal with, such project or part thereof: Provided, That any such acquisition of real property shall not deprive any State or political subdivision thereof of its civil jurisdiction in and over such property or impair the civil rights under the State or local laws of the inhabitants on such property;

(3) enter into agreements to pay annual sums

SUE AND BE SUED

FORECLOSURE

1 Proviso added by sec. 308, Housing Act of 1954, Public

Public Law 560, 83d Congress, approved Aug. 2, 1954, 68 Stat. 590, 625.

Housing Act of 1949

PAYMENT IN LIEU
OF TAXES

SALE OR EXCHANGE
OF PROPERTY

INSURANCE

MODIFICATION OF
CONTRACTS

in lieu of taxes to any State or local taxing
authority with respect to any real property so
acquired or owned, and such sums shall approximate
the taxes which would be paid upon such property
to the State or local taxing authority, as the
case may be, if such property were not exempt from
taxation;

(4) sell or exchange at public or private sale, or lease, real or personal property, and sell or exchange any securities or obligations, upon such terms as he may fix;

(5) obtain insurance against loss in connection with property and other assets held;

(6) subject to the specific limitations in this title, consent to the modification, with respect to rate of interest, time of payment of any installment of principal or interest, security, amount of grant, or any other term, of any contract or agreement to which he is a party or which has been transferred to him pursuant to this title;

(7) include in any contract or instrument made pursuant to this title such other covenants, conditions, or provisions (including such covenants, conditions, or provisions as, in the determination of the Secretary, are necessary or desirable to prevent the payment of excessive prices for the acquisition of land in connection with projects assisted under this title) as he may deem necessary to assure that the purposes of this title will be achieved. No provision of this title shall be construed or administered to permit speculation in land holding; and

(8) make advance or progress payments on account of any grant contracted to be made pursuant to this title, notwithstanding the provisions of section 3648 of the Revised Statutes, as amended, or any other provision of this title.

ADDITIONAL CONTRACT REQUIREMENTS

PROHIBITION
AGAINST THE
PAYMENT OF
EXCESSIVE PRICES
FOR LAND AND
SPECULATION IN
LAND

PROGRESS GRANT
PAYMENTS

ISec. 417(1), Housing Act of 1959, Public Law 86-372, approved Sept. 23, 1959, 73 Stat. 654-676, struck out the word "capital" before "grant". ?Par. 8 added by Public Law 370, 82a Congress, approved June 3, 1952,

, 66 Stat. 98.

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