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Nature and Purpose: | Nature and Purpose: | ||
| − | This program provides loans or guarantees of loans to | + | This program provides loans or guarantees of loans to |
| − | local housing authorities to assist them in the development | + | local housing authorities to assist them in the development |
| − | of safe, decent, and sanitary low-rent housing projects for | + | of safe, decent, and sanitary low-rent housing projects for |
| − | low-income families and others who cannot afford standard | + | low-income families and others who cannot afford standard |
| − | private housing. | + | private housing. |
| − | This program also provides annual contributions to local | + | This program also provides annual contributions to local |
| − | housing authorities to assist them in achieving and main- | + | housing authorities to assist them in achieving and main- |
| − | taining the low-rent character of the projects. | + | taining the low-rent character of the projects. |
| − | This program provides direct benefits for poverty-stricken | + | This program provides direct benefits for poverty-stricken |
| − | people. | + | people. |
| − | This program also provides financial assistance to local | + | This program also provides financial assistance to local |
| − | housing authorities to assist them in meeting the special | + | housing authorities to assist them in meeting the special |
| − | housing needs of the low-income elderly. | + | housing needs of the low-income elderly. |
| − | When providing accomodations designed specifically for | + | When providing accomodations designed specifically for |
| − | the elderly, higher than normal Low-Rent Public Housing | + | the elderly, higher than normal Low-Rent Public Housing |
| − | Programs per room cost limitations are permitted. An | + | Programs per room cost limitations are permitted. An |
| − | additional contribution to the local housing authority | + | additional contribution to the local housing authority |
| − | (up to $120 per dwelling unit per year) may be authorized. | + | (up to $120 per dwelling unit per year) may be authorized. |
a | a | ||
