Housing Act of 1949 (Footnote continued from previous page) Sec. 411, Housing Act of 1959, Public Law 86-372, approved Sept. 23, 1959, 73 Stat. 654, 674, amended this section to read as follows: "Sec. 107. When it appears in the public interest that land to be acquired as part of an urban renewal project should be used in whole or in part as a site for a low-rent housing project assisted under the United States Housing Act of 1937, as amended, or under a State or local program found by the Administrator to have the same general purposes as the Federal program under such Act, the site shall be made available to the public housing agency undertaking the low-rent housing project at a price equal to the fair value of land to a private redeveloper who wants to buy a site in the community for private rental housing with physical characteristics similar to those of the proposed low-rent housing project and such amount shall be included as part of the development cost of such low-rent housing project: Provided, That the local contribution in the form of tax exemption or tax remission required by section 10(h) of such Act, or by analogous provisions in legislation authorizing such State or local program, with respect to the low-rent housing project into which such land is incorporated shall (if covered by a contract which, in the determination of the Public Housing Commissioner, and without regard to the requirements of the first proviso of such section 10(h), will assure that such local contribution will be made during the entire period that the project is used as low-rent housing within the meaning of such Act, or by provisions found by the Administrator to give equivalent assurance in the case of State or local programs),be accepted as a local grant-in-aid equal in amount, as determined by the Administrator, to one-half (or one-third in the case of an urban renewal project on a three-fourths capital grant basis) of the difference between the cost of such site (including costs of land, clearance, site improvements, and a share, prorated on an area basis, of administrative, interest, and other project costs) and its sale price, and shall be considered a local grant-in-aid furnished in a form other than cash within the meaning of section 110(d) of this Act." Sec. 306 (a) (2), Housing Act of 1961, Public Law 87-70, approved June 30, 1961, 75 Stat. 149, 168, inserted "(a)" before the first sentence and struck out the words "to be" before "acquired" in such sentence. Sec. 306 (a) (3), Housing Act of 1961, Public Law 87-70, approved June 30, 1961, 75 Stat. 149, 168, substituted 'was incorporated on or after Sept. 23, 1959, " for "is incorporated". Sec. 306, Housing Act of 1964, Public Law 88-560, approved Sept. 2, 1964, 78 Stat. 769, 786, amended subsection (a) to read as follows: Housing Act of 1949 or lessee who would be eligible for a "(a) Upon approval of the Administrator and subject to such conditions as he may determine to be in the public interest, any real property held as part of an urban renewal project may be made available to (1) a limited dividend corporation, nonprofit corporation or association, cooperative, or public body or agency, or (2) a purchaser who would be eligible for a Mortgage insured under section 221 (a) (3) or (a) (4) of the National Housing Act, for purchase at fair value for use by such purchaser in the provision of new or rehabilitated rental or cooperative housing for occupancy by families or individuals of moderate income. Sec. 505, Housing and Urban Development Act of 1968, Public Law 90-448, approved Aug. 1, 1968, 82 Stat. 476, 522, amended subsection (a) to read as set forth in the text. Housing Act of 1949 LOW-RENT PUBLIC HOUSING "WRITE DOWN" nonprofit corporation or association, cooperative, (b)1 When it appears in the public interest that real property acquired as part of an urban renewal 1 Sec. 306(a) (4), Housing Act of 1961, Public Law 87-70, "(b) Upon approval of the Administrator and subject to such conditions as he may determine to be in the public interest, any real property held as part of an urban renewal project may be made available to (1) a limited dividend corporation, nonprofit corporation or association, cooperative, or public body or agency, or (2) a purchaser who would be eligible for a mortgage insured under section 221(d) (4) of the National Housing Act, for purchase at fair value for use by such purchaser in the provision of new or rehabilitated rental or cooperative housing for occupancy by families of moderate income." Sec. 306, Housing Act of 1964, Public Law 88-560, approved Sept. 2, 1964, 78 Stat. 769, 786, amended subsection (b) to read as set forth in the text. 2sec. 6(f) of the Act of May 25, 1967, Public Law 90-19, 81 Stat. 22, struck out the words "Public Housing Commissioner" and inserted "Secretary of Housing and Urban Development. Housing Act of 1949 will assure that such contribution will be Surplus Federal Real Property Sec. 108. The President1 may at any time in his discretion, transfer, or cause to be transferred, Protection of Labor Standards Sec. 109. In order to protect labor standards 2 1Executive Order 10530, issued May 10, 1954, 19 Fed. Reg. 2709, provides that the Director of the Bureau of the Budget is designated and empowered to perform this function of the President without the approval, ratification, or other action of the President. 2 Sec. 310, Housing Act of 1954, Public Law 560, 83rd Congress, approved Aug. 2, 1954, 68 Stat. 590, 626, substituted "loan or capital grant" for "financial aid". Housing Act of 1949 pursuant to this title shall contain a provision the wages prevailing in the locality, as predetermined (b) the provisions of title 18, United States Code, section 874, and of title 40, United States Code, section 276c, shall apply to work3 financed in whole or in part with funds made available for 4 1sec. 310, Housing Act of 1954, Public Law 560, 83d Congress, approved Aug. 2, 1954, 68 Stat. 590, 626, inserted ", ", except such laborers or mechanics who are employees of municipalities or other local public bodies, ". 2Sec. 310, Housing Act of 1954, Public Law 560, 83d Congress, approved Aug. 2, 1954, 68 Stat. 590, 626, inserted "for work financed in whole or in part with funds made available pursuant to this title". 3Sec. 310, Housing Act of 1954, Public Law 560, 83d Congress, approved Aug. 2, 1954, 68 Stat. 590, 626, substituted "work" for "any project". sec. 310, Housing Act of 1954, Public Law 560, 83d Congress, approved Aug. 2, 1954, 68 Stat. 590, 626, inserted "for the development of a project". |