Box 5, Folder 11, Document 55

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Box 5, Folder 11, Document 55

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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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  1. http://allenarchive.iac.gatech.edu/originals/ahc_CAR_015_005_011_055.pdf

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