Source: https://www.law.cornell.edu/uscode/text/42/1586
Timestamp: 2015-08-05 00:31:58
Document Index: 767296186

Matched Legal Cases: ['§ 1586', '§\u202f606', '§\u202f7', '§\u202f201', '§\u202f6', '§\u202f807', '§\u202f5', '§\u202f207', '§\u202f201', '§\u202f1437', '§\u202f207', '§\u202f207', '§\u202f807', '§\u202f807']

42 U.S. Code § 1586 - Sale of specific housing projects | US Law | LII / Legal Information Institute
Sale of specific housing projects
(a) Conditions precedentThe Secretary of Housing and Urban Development is specifically authorized to convey the following housing projects to the following local public housing agencies respectively, if—
on or before January 30, 1953, (i) the conveyance is requested by the governing body of the municipality or county and (ii) the public housing agency has demonstrated to the satisfaction of the Secretary of Housing and Urban Development that there is a need for low-rent housing (as such term is defined in the United States Housing Act of 1937 [42 U.S.C. 1437 et seq.]) within the area of operation of such public housing agency which is not being met by private enterprise;
Housing Authority of District of Birmingham.
Housing Authority of Greater Gadsden.
Housing Board of Mobile.
Housing Authority of Sylacauga.
Housing Authority of City of Talladega.
Housing Authority of City of Conway.
Housing Authority of City of Fresno.
Housing Authority of County of Kern.
Housing Authority of City of Los Angeles.
Housing Authority of City of Paso Robles.
Housing Authority of City of Richmond.
Housing Authority of City of Bristol.
Housing Authority of Town of East Hartford.
Housing Authority of City of New Britain.
Housing Authority of City of New Haven.
Housing Authority of City of Waterbury.
National Capital Housing Authority.
Housing Authority of City of Jacksonville.
Housing Authority of City of Lakeland.
Housing Authority of City of Miami.
Housing Authority of City of Orlando.
Housing Authority of City of Pensacola.
Housing Authority of City of Sebring.
Housing Authority of City of West Palm Beach.
Housing Authority of City of Albany.
Housing Authority of Macon.
Madison County Housing Authority.
Winnebago County Housing Authority.
Housing Authority of City of Fort Wayne.
Housing Authority of City of South Bend.
Housing Authority of Parish of East Baton Rouge.
Chicopee Housing Authority.
Pittsfield Housing Authority.
Springfield Housing Authority.
Housing Commission of Detroit.
Housing Authority of City of Las Vegas.
Housing Authority of City of Manchester.
Housing Authority of City of Camden.
Housing Authority of City of Long Branch.
Housing Authority of City of Newark.
Housing Authority of Town of Phillipsburg.
Elmira Housing Authority.
Lackawanna Municipal Housing Authority.
Niagara Falls Housing Authority.
Massena Housing Authority.
Housing Authority of City of Wilmington.
Canton Metropolitan Housing Authority.
Cincinnati Metropolitan Housing Authority.
Cleveland Metropolitan Housing Authority.
Lorain Metropolitan Housing Authority.
Warren Metropolitan Housing Authority.
Housing Authority of Portland.
Housing Authority of County of Beaver.
Housing Authority of Bethlehem.
Allegheny County Housing Authority.
Housing Authority of County of Lawrence.
Housing Authority of City of Erie.
Housing Authority of County of Lycoming.
Housing Authority of Philadelphia.
Housing Authority of City of Pittsburgh.
Housing Authority of City of York.
Housing Authority of City of Newport.
Housing Authority of City of Charleston.
Housing Authority of City of Spartanburg.
Jackson Housing Authority.
Milan Housing Authority.
Nashville Housing Authority.
Trenton Housing Authority.
Housing Authority of City of Corpus Christi.
Housing Authority of City of Freeport.
Housing Authority of City of Houston.
Housing Authority of City of Lake Jackson.
Housing Authority of City of Mineral Wells.
Housing Authority of City of Orange.
Housing Authority of City of Pasadena.
Housing Authority of City of Texarkana.
Housing Authority of City of Wichita Falls.
Alexandria Redevelopment and Housing Authority.
Newport News Redevelopment and Housing Authority.
Portsmouth Redevelopment and Housing Authority.
Housing Authority of City of Bremerton.
45277N
Housing Authority of County of Clallam.
45315N
Housing Authority of County of King.
Housing Authority of City of Seattle.
Housing Authority of City of Vancouver.
(b) Projects as “low-rent housing”
Upon the conveyance by the Secretary of Housing and Urban Development of any such project pursuant to the provisions of this section, such project shall constitute and be deemed to be “low-rent housing” as that term is used and defined in the United States Housing Act of 1937 [42 U.S.C. 1437 et seq.] (and to be a low-rent housing project assisted pursuant to that Act, within the meaning of section 1404a(b) of this title). Any instrument of conveyance by the Administrator stating that it is executed under subchapters II to VII of this chapter shall be conclusive evidence of compliance therewith insofar as any title or other interest in the property is concerned.
(c) Conditions and requirements of agreementsThe agreement between the public housing agency and the Secretary of Housing and Urban Development required by subsection (a) of this section shall contain the following conditions and requirements, and may contain such further conditions, requirements, and provisions as the Secretary determines—
during a period of forty years following the conveyance the project shall be administered as low-rent housing in accordance with subsections 2(1) and 2(2) of the United States Housing Act of 1937 [42 U.S.C. 1402(1) and (2)]: Provided, That if at any time during such period the public housing agency and the Secretary of Housing and Urban Development agree that the project, or any part thereof, is no longer suitable for use as low-rent housing, the project, or part thereof, shall with the approval of the Secretary of Housing and Urban Development be sold by the public housing agency after which the agreement shall be deemed to have terminated with respect to such project or part thereof except that the proceeds from such sale, after payment of the reasonable expense thereof, shall be paid to the Secretary of Housing and Urban Development, or, with the Secretary’s approval, used to finance the repair or rehabilitation of a project or part thereof conveyed to the public housing agency under this section;
annually during the term of such agreement, the public housing agency shall pay to the Secretary of Housing and Urban Development all income from the project remaining after deducting the amounts necessary (as determined pursuant to regulations of the Secretary of Housing and Urban Development) for (i) the payment of reasonable and proper costs of operating, maintaining, and approving such project, (ii) the payments in lieu of taxes authorized hereunder, (iii) the establishment and maintenance of reasonable and proper reserves as approved by the Secretary of Housing and Urban Development, and (iv) the payment of currently maturing installments of principal of and interest on any indebtedness incurred by such public housing agency with the approval of the Secretary of Housing and Urban Development: Provided, That the provisions of this paragraph shall not be applicable to any project which is consolidated under a single contract with one or more low-rent projects being assisted under the United States Housing Act of 1937 [42 U.S.C. 1437 et seq.], and all income from any such project conveyed under this section may be commingled with funds of the project or projects with which it is consolidated and applied in accordance with the requirements of the consolidated contract and the provisions of section 10(c) of the said Act [42 U.S.C. 1410(c)];
(Oct. 14, 1940, ch. 862, title VI, § 606, as added June 28, 1948, ch. 688, § 7, as added Apr. 20, 1950, ch. 94, title II, § 201, 64 Stat. 59; amended by Ex. Ord. No. 10284, §§ 6, 7, eff. Sept. 4, 1951, 16 F.R. 8971; Ex. Ord. No. 10339, eff. Apr. 7, 1952, 17 F.R. 3012; Ex. Ord. No. 10425, eff. Jan. 16, 1953, 18 F.R. 405; Pub. L. 86–372, title VIII, § 807, Sept. 23, 1959, 73 Stat. 687; Pub. L. 89–174, § 5(a), Sept. 9, 1965, 79 Stat. 669; Pub. L. 93–383, title II, § 207, Aug. 22, 1974, 88 Stat. 669.)
The United States Housing Act of 1937, referred to in subsecs. (a)(1), (b), and (c)(2), (3), (7), is act Sept. 1, 1937, ch. 896, as revised generally by Pub. L. 93–383, title II, § 201(a), Aug. 22, 1974, 88 Stat. 653, which is classified generally to chapter 8 (§ 1437 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note under section 1437 of this title and Tables.
1974—Subsec. (b). Pub. L. 93–383, § 207(a), struck out provisions relating to payment of capital grants or annual contributions to low-rent housing projects.
Subsec. (c)(1). Pub. L. 93–383, § 207(b), inserted provision relating to financing repair or rehabilitation of a project or part of project conveyed to public housing agency under this section.
1959—Subsec. (b). Pub. L. 86–372, § 807(1), provided that if any such project is consolidated under a single annual contributions contract with any low-rent project being assisted with annual contributions under United States Housing Act of 1937, payment of any annual contribution on account of any project so assisted shall not be deemed to be a capital grant or annual contribution with respect to any project conveyed hereunder.
Subsec. (c)(3). Pub. L. 86–372, § 807(2), inserted proviso making provisions of subsec. (c)(3) inapplicable to any project which is consolidated under a single contract with one or more low-rent projects being assisted under United States Housing Act of 1937, and permitting commingling of income from such project with funds of project or projects with which it is consolidated.