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.I'-., . . . , • > , , , D PA T E T OF HOUSING AN D U 0 B .J DEVELOP ENT RENEWAL ASSISTANCE ADMINISTRATION WASHING TON , 0 . C . 20410 January 15, 1968 LOCAL PUBLIC AGENCY LE1~ER NO. 446 SUBJECT : Utilizing Section 1O7( a) of the Housing Act of 191~9 for Low- Income Purchasers under YtlA Section 221(h) · FAA recently Se ction 221(h ) of made available to wit h a n option to determined that units rehabilitated under the National Housing Act, as amended, may be low-income families utili zi ng a r ental agreement buy .

.~~-T"- Therefo_e Section 1O7( a ) of the Housing Act of 1949, as amende d , applie s to any sal e of project land to an eligible nonprofit or gani zation which has obtained froill FHA a commitme nt to insure under Se ction 22l(h ) and which has agree d to re nt all units it will construct to low- income tenants under a renval agreement n th an option to purcha s e meeti ng the applicable r equirements of FHA . Ac ting De m s~ for Renewal Assista nce HUD-Wcsh . , D. C ••

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