reglab/statecodes huggingface dataset:
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 656 - Schedule of readjustment

The subsidy shall be readjusted every two (2) years in accordance with the below-described schedule taking as a basis the initial subsidy, or that is, the initial subsidy equal to one hundred percent (100%):
First and Second Years 100.00% Third and Fourth Years 88.57% Fifth and Sixth Years 76.78% Seventh and Eight Years 63.78% Ninth and Tenth Years 49.44% Eleventh and Twelfth Years 33.64% Thirteenth and Fourteenth Years 16.22% Fifteenth Year 0.00%
History —July 5, 1973, No. 10, p. 771, § 6.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 657 - Schedule of readjustment—Requirements

To continue receiving the benefit of the subsidy granted by §§ 651—660c of this title, in accordance with the schedule set in § 656 of this title, the beneficiary shall keep up to date the share of his monthly payments.
History —July 5, 1973, No. 10, p. 771, § 7.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 657a - Partial prepayments

(a) Notwithstanding any provision to the contrary in the mortgage, after the effective date of this provision, every partial prepayment of a mortgage loan subsidized pursuant to the subsidy program established herein shall serve to reduce the amount of each installment instead of reducing the number of installments due. This provision shall also apply to the partial prepayments made within the year following the effective date of this provision with regard to subsidized mortgage loans when this provision becomes effective.
(b) Notwithstanding the provisions of § 3163 of Title 31, in the event that the Housing Finance Authority fully prepays any subsidized mortgage without the knowledge and consent of the mortgagor, the Housing Finance Authority of Puerto Rico shall be subrogated to the rights of the mortgagee.
History —July 5, 1973, No. 10, p. 771, added as § 7A on July 11, 1986, No. 115, p. 366, § 2; Aug. 4, 2012, No. 152, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 658 - Expenses incurred in operation of program; annual allowance

The Housing Finance Authority is hereby authorized to incur obligations up to the amount of nine million two hundred and twenty thousand dollars ($9,220,000) for the payment of the interest subsidy during the first year of effectiveness of the program authorized by §§ 651-660c of this title. The amounts needed to honor the obligations that the Housing Finance Authority may incur in the operation of this program for the purpose of prepaying, purchasing, or otherwise totally or partially honoring the obligations it may incur in the operation of this program, shall be set aside annually in the General Budget Joint Resolution.
History —July 5, 1973, No. 10, p. 771, § 8; July 11, 1986, No. 115, p. 366, § 3; Aug. 4, 2012, No. 152, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 659 - Regulations

The Housing Finance Authority shall adopt such regulations as may be necessary and consistent with the purposes of §§ 651-660c of this title to expedite compliance with the provisions thereof. These regulations shall have force of law upon their promulgation.
History —July 5, 1973, No. 10, p. 771, § 9; Aug. 4, 2012, No. 152, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 660 - Requirements in purchase and sale

If the buyer of a dwelling, beneficiary of the subsidy program established in §§ 651-660c of this title, sells his dwelling to a third party, the Housing Financing Authority shall be empowered to recover from the seller the subsidy received plus interest thereon at the same rate fixed in the mortgage if the sale is made in violation of the rules that the Housing Financing Authority may establish in the regulations for such purposes. In order that the new buyer may avail himself of the above-established subsidy, he must meet the following requirements:
(1) The mortgage monthly payments must be up to date.
(2) Both the original buyer and the new buyer must have complied with all the provisions of the regulations and laws applicable, while the subsidy is in force.
(3) He must have an adjusted monthly income enough to pay his share in the monthly payment corresponding to the year of the sale with 20% of his adjusted income. If 20% of the adjusted monthly income is higher than the proportion of his payment, he shall be bound to pay such higher sum. On the contrary, if 20% of the adjusted monthly income is equal or higher than the monthly payment of the mortgage at the interest in the market, the subsidy for the dwelling shall end immediately.
History —July 5, 1973, No. 10, p. 771, § 10; Aug. 4, 2012, No. 152, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 660a - Additional obligations—July 23, 1974

The Housing Finance Authority is hereby authorized to incur additional obligations under §§ 651-660c of this title to such extent that in no year the total payment of additional subsidy deriving from the obligations herein authorized may exceed two million five hundred thousand dollars ($2,500,000); Provided, That the subsidy hereby authorized shall not be offered to any housing unit located in a project in which the average price per unit is more than $25,000 or $28,500 in areas of expensive land or construction, and in buildings classified as multistory, pursuant to the standards and regulations of the Puerto Rico Planning Board.
History —July 5, 1973, No. 10, p. 771, added as § 10(A) on July 23, 1974, No. 244, Part 2, p. 234; Aug. 4, 2012, No. 152, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 660b - Additional obligations—November 14, 1974

The Housing Finance Authority is hereby authorized to incur additional obligations under §§ 651-660c of this title to such extent that in no year the total payment of additional subsidy deriving from the obligations herein authorized may exceed twelve million two hundred thousand dollars ($12,200,000) in addition to the subsidy already bound by obligations incurred under the provisions of the original text of §§ 651—660c of this title and § 660a added on July 23, 1974; Provided, That the subsidy herein authorized shall not be offered to any housing unit located in a project in which the average price per unit is more than $26,500 or $30,000 in expensive land and/or construction areas, and in buildings classified as multistory, pursuant to the standards and regulations of the Puerto Rico Planning Board.
History —July 5, 1973, No. 10, p. 771, added as § 10(B) on Nov. 14, 1974, No. 6, Part 2, p. 727, § 2; Aug. 4, 2012, No. 152, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 660c - Extension of subsidy to new acquirers through noncompliance of original owner

The Housing Finance Authority shall be empowered to extend the mortgage interest subsidy to moderate-income families that acquire housing that, under the subsidy plan provided herein, are acquired from their owners by the Housing Finance Authority because of noncompliance with the mortgage contract, or when they find it impossible to comply with the obligations incurred, or for other reasons. Families to whom these homes are sold must be eligible for the benefits of §§ 651—660c of this title, and the subsidy shall be granted for the term and pursuant to the schedule established in § 656 of this title.
Notwithstanding the foregoing, as of the effective date of this act, the Housing Finance Authority shall not incur new subsidy obligations under the provisions of §§ 651-660c of this title, except in those cases in which there exists a previous commitment by the Housing Finance Authority.
Notwithstanding the provisions of § 656 of this title, no adjustment may be made to the subsidy on the date following the approval of this act and in which the same should have been adjusted. The adjustments shall be made subsequently in accordance with the provisions of said section.
History —July 5, 1973, No. 10, p. 771, added as § 11 on June 14, 1980, No. 144, p. 557, § 1; July 11, 1986, No. 116, p. 373; Aug. 4, 2012, No. 152, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 661 - Program for interest on home mortgages—Authorization and limits

The Housing Department is hereby authorized to establish a program to grant mortgage interest subsidies on four thousand (4,000) new homes during the life thereof, or up to a maximum of thirty (30) years on those granted to moderate-income families, to finance the purchase of their homes.
History —June 14, 1980, No. 141, p. 527, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 661a - Program for interest on home mortgages—Definitions

(a) Dwelling. — Destined to moderate-income families as determined from time to time by the Secretary.
(b) Moderate-income family. — Means any family whose income at any given moment does not exceed that determined by regulations by the Secretary as maximum income for families to be benefited under §§ 661—661f of this title.
(c) Beneficiary. — Means the owner-occupant who is eligible to receive the subsidy provided by §§ 661—661f of this title.
(d) Secretary. — Means the Secretary of Housing of Puerto Rico.
(e) Department. — Means the Department of Housing of Puerto Rico.
History —June 14, 1980, No. 141, p. 527, § 2.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 661b - Program for interest on home mortgages—Regulations for determining eligibility

The Secretary shall adopt the regulations needed and consistent with the purposes of §§ 661—661f of this title, which shall become effective when they are approved by the Governor. The regulations shall establish the criteria and procedures to be used in determining eligibility, so that these families may pay up to a minimum of what is equivalent to five percent (5%) of the annual interest.
History —June 14, 1980, No. 141, p. 527, § 3.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 661c - Program for interest on home mortgages—Duration and readjustment

The subsidy provided by §§ 661—661f of this title shall not exceed the life of the mortgage and shall be readjusted every two (2) years, or when warranted, according to increases or decreases in the participating beneficiary’s family group income.
History —June 14, 1980, No. 141, p. 527, § 4.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 661d - Program for interest on home mortgages—Guidelines for approval of units or projects

The Secretary of Housing shall adopt the corresponding guidelines to grant approval of the housing units or projects to be built with the support of the subsidy authorized herein.
History —June 14, 1980, No. 141, p. 527, § 5.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 661d-1 - Program for interest on home mortgages—Partial prepayments

(a) Notwithstanding any provision to the contrary in the mortgage, after the effective date of this provision, every partial prepayment of a mortgage loan subsidized according to the subsidy program established herein shall serve to reduce the amount of each installment instead of reducing the number of installments due. This provision shall also apply to the partial prepayments made within the year following the effective date of this provision with regard to subsidized mortgage loans, when this provision becomes effective.
(b) Notwithstanding the provisions of § 3163 of Title 31, in the event that the Housing Bank and Finance Agency of Puerto Rico fully prepays any subsidized mortgage without the knowledge and consent of the mortgagor, the Housing Bank and Finance Agency of Puerto Rico shall be subrogated to the rights of the mortgagee.
History —June 14, 1980, No. 141, p. 527, added as § 5A on July 11, 1986, No. 115, p. 366, § 6.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 661e - Program for interest on home mortgages—Mortgage loans, insurance

The Housing Bank and Finance Agency may insure the mortgage loans originated under this program, pursuant to the rules established for the Mortgage Insurance Guarantee provided by §§ 261—270 of Title 7.
History —June 14, 1980, No. 141, p. 527, § 6.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 21 - Commonwealth Subsidy Plan for Interest on Mortgage Markets (§§ 651 — 661f) › § 661f - Program for interest on home mortgages—Other housing eligible for subsidy; funds

Subsidies may be granted under §§ 661—661f of this title to housing units that have been acquired by the Housing Bank and Finance Agency having been turned over voluntarily or repossessed from the mortgage insurance program under §§ 261—270 of Title 7, created by §§ 661—661f of this title.
The Housing Department is hereby authorized through the Housing Bank and Finance Agency of Puerto Rico to incur obligations up to the amount of three hundred thousand dollars ($300,000) for the payment of interest subsidies for Fiscal Year 1980-81.
The funds needed to honor the obligations incurred by the Housing Bank and Finance Agency in administrating §§ 661—661f of this title in subsequent years, including any obligation it incurs with the purpose of prepaying, purchasing or otherwise totally or partially settling obligations contracted pursuant to §§ 661—661f of this title shall be consigned in the Department of Housing’s budget.
History —June 14, 1980, No. 141, p. 527, § 7; July 11, 1986, No. 115, p. 366, § 7.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 24 - Public Housing Projects Conveyance (§§ 730 — 739) › § 730 - Definitions

For the purposes of this chapter, the following terms shall have the meaning stated herein, unless another meaning is clearly construed from the context:
(a) Administration. — The Public Housing Administration of Puerto Rico.
(b) Administrator. — The Public Housing Administrator of Puerto Rico.
(c) Department. — The Department of Housing of Puerto Rico.
(d) Family. — Shall have the same meaning it has according to the norms established for the public housing program of the Administration and shall include single eligible persons, family groups and remainders thereof.
(e) HUD. — The Department of Housing and Urban Development of the United States, for its English acronym.
(f) Approved plan =roor =it approved plans. — Plan which consigns the public policy and the necessary regulations which shall govern the conveyance of the deed prepared by the Department and approved by HUD pursuant to the applicable federal regulations, including, but without being limited to the Regulations for the implementation of § 5(h) of the Title Deed Program for Public Housing of the United States Housing Act of 1937, as amended.
(g) Public housing project =roor =it project. — Project of public housing units developed under the Public Housing Program established by virtue of the United States Housing Act of 1937, as amended.
(h) Secretary. — Secretary of the Housing Department.
(i) Housing unit. — A structure devoted to residential use of a family that may include the land.
History —June 20, 1996, No. 55, added as § 2 on Sept. 12, 1997, No. 120, § 2.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 24 - Public Housing Projects Conveyance (§§ 730 — 739) › § 731 - Creation of Program

The Department of Housing and the Public Housing Administration shall direct, establish and prepare, without any unnecessary delay, programs that provide for the disposition, through any pertinent sales method, of one or more housing units with common elements that comprise the total or part of one or more existing occupied or vacant public housing projects or newly developed projects, including any interest in the common elements of the public housing project, through approved plans and subject to the applicable terms and conditions, to buyers whose financial capacity allows them to defray the financial obligations of the sale and the operation, maintenance and reserve.
The Secretary shall set forth the public policy that shall regulate the programs that provide for the disposition of the public housing projects and the necessary regulations and shall oversee the enforcement thereof. The Administrator shall be in charge of the implementation, with the approval of the Secretary of the regulations and procedures necessary to comply with this chapter.
No plan approved shall affect or impair the rights, benefits, responsibilities and obligations of any tenant in accordance to the applicable federal regulations and laws.
History —June 20, 1996, No. 55, § 2, renumbered as § 3 and amended on Sept. 12, 1997, No. 120, § 3.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 24 - Public Housing Projects Conveyance (§§ 730 — 739) › § 731a - Eligibility of buyers

The eligibility of the buyers shall be established in the approved plan. Any application under this chapter shall be handled separately from any others made under any other housing program. An application under this chapter shall not impair the opportunities of the candidate under any other housing sales program of the Department.
History —June 20, 1996, No. 55, added as § 4 on Sept. 12, 1997, No. 120, § 4.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 24 - Public Housing Projects Conveyance (§§ 730 — 739) › § 733a - Option to set up horizontal property regimes

In those cases in which the approved plan contemplates the sale of housing units in buildings to families, the Administration may subject the building to the horizontal property regime. To such an end, the Administration shall grant the original deed for constituting each condominium, including the blueprints, appraisals, bylaws and other documents and instruments provided by §§ 1291 et seq. of Title 31, as amended, known as the “Horizontal Property Act”, or any other applicable act, as well as any other document necessary for the registration of the condominium.
In these cases, the configuration of the condominiums constituted by virtue of this chapter may vary from one public housing project to another according to the plan approved for said public housing project. The Administration shall determine whether one or more condominiums are to be constituted per project, taking into account the operational efficiency and making use of the flexibility in the creation of condominiums provided by §§ 1291 et seq. of Title 31.
History —June 20, 1996, No. 55, added as § 5 on Sept. 12, 1997, No. 120, § 6.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 24 - Public Housing Projects Conveyance (§§ 730 — 739) › § 734 - Creation of the Public Housing to Condominium Conversion Council

The Public Housing Projects Title Ownership Conversion Council is hereby created, attached to the office of the Governor, composed of the heads of agencies listed hereinafter, who may appoint a permanent representative thereto, from among their personnel, to substitute them on those occasions in which the member thus represented is unable to attend a meeting.
The Council shall be composed of:
The Public Housing Administrator, who shall be its Chairperson.
The President of the Government Development Bank.
The Secretary of Consumer Affairs.
The Secretary of Economic Development and Commerce.
A representative selected by the Governor from among the Chairpersons of the Board of Tenants.
The public agencies and instrumentalities directed by the members of the Council shall make available to the latter the professional personnel as well as the physical resources, such as equipment and personnel, needed for the fulfillment of the purposes of this chapter as required by the Council through an agreement. When professional or other personnel deemed necessary by the Council is not available from among the personnel of the constituting agencies, it may be contracted with the agreement of the majority of the members of the Council for renewable periods of one year and with fixed remuneration.
By petition of the Secretary, the Council shall advice and assist in the implementation of the provisions of this chapter. To such ends, the Secretary shall appoint a Program Director to assist him/her and the Council in the compliance of the provisions of this chapter. The Governor may direct the special assignment of personnel from any of the agencies represented in the Council. The Director shall coordinate his/her work with the Secretary and the members of the Council and shall have all the powers and carry out all those tasks delegated to him/her by the Secretary.
History —June 20, 1996, No. 55, § 5, renumbered as § 6 and amended on Sept. 12, 1997, No. 120, § 7.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 24 - Public Housing Projects Conveyance (§§ 730 — 739) › § 737 - Acceptance of loans and donations

The agency holding the deed of a public housing project in the process of being converted or already converted into a condominium, and the council of proprietors of the condominiums constituted pursuant to this chapter, may receive for the conversion program established by this chapter, loans in money, or in goods or servces from public as well as from private entities.
The public corporations and the municipalities may donate, or provide at special reduced rates, goods or services to the agency that is the proprietor of a housing project in the process of conversion into a condominium and to the Councils of proprietors. Nothing of the herein provided shall be construed in the sense of limiting other subsidies or special rates in effect on the date of approval of this chapter which refers to the residents themselves.
History —June 20, 1996, No. 55, § 8.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 24 - Public Housing Projects Conveyance (§§ 730 — 739) › § 739 - Regulations

The Secretary shall adopt the necessary regulations and execute all administrative and managerial actions for the implementation of this chapter.
History —June 20, 1996, No. 55, added as § 11 on Sept. 12, 1997, No. 120, § 12.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 752 - Conveyance of public lands

The Land Authority, the Land Administration, the Department of Transportation and Public Works, the Industrial Development Company, the General Services Administration, and any other public instrumentality is hereby directed to convey to the Department of Housing, free of charge, the title deed of the tracts of public land where a dwelling is located.
History —July 1, 1975, No. 132, p. 388, § 2; Dec. 22, 1999, No. 353, § 2.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 753 - Free conveyance of lands

The conveyance of the lands to the Department of Housing by the agencies or departments referred to in § 752 of this title shall be gratuitous.
History —July 1, 1975, No. 132, p. 388, § 3.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 754 - Granting of title to property to occupants

The Secretary of Housing is hereby authorized to grant title to the lands conveyed to him by said government entities and to the lands heretofore belonging to or hereinafter acquired by the Department of Housing or its attached agencies, for the purposes of this chapter, to the occupants who have established their dwellings thereon.
History —July 1, 1975, No. 132, p. 388, § 4.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 755 - Administration of lot-selling program

The Secretary of Housing is hereby empowered to administer the lot-selling program referred to herein, through the proper agencies of the Department of Housing.
History —July 1, 1975, No. 132, p. 388, § 5.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 756 - Granting of titles subject to conditions

The granting of titles hereby authorized shall be carried out in accordance with the provisions of this chapter and the conditions, restrictions, and provisions contained in the regulations adopted to such effects by the Secretary of Housing, which must be approved by the Governor.
History —July 1, 1975, No. 132, p. 388, § 6.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 757 - Withholding of title by Secretary

The Secretary of Housing shall retain the title to those lands which he may determine, upon consultation with the pertinent public agencies, that there is a public interest superior to that of disposing of these lands according to this chapter; Provided, That when it is not contemplated to begin the works in the near future, and the date they are to begin exceeds a period of ten (10) years, the Secretary may grant the title deed in favor of the families that have built their dwellings on the lots affected by a determination of superior public interest.
History —July 1, 1975, No. 132, p. 388, § 7; June 20, 1978, No. 10, p. 388, § 2.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 757a - Transfer of title deed from vacant lots; order of preference

The Secretary of Housing may authorize the transfer of title deeds from the lots that are vacant after the occupied lands have been redesigned.
The Secretary shall give preference in the adjudication of the vacant lots to the families or persons who are included in the following priorities:
First priority: occupant families affected by the redesigning of the lands.
Second priority: families affected by a determination of superior public interest, to that of disposing of the lots, as established in § 757 of this title.
If there are vacant lots after the families or persons included in priorities one or two are covered, the Secretary may adjudicate the remaining lots in usufruct in favor of the low-income families that do not have an adequate place on which to build their dwellings. In such cases, the selection and adjudication criteria for said families shall conform to the Regulations for the Distribution and Administration of Parcels or Lots for Housing under Title V of the Land Act of Puerto Rico; and the granting of title deeds to these families shall be determined according to the requirements established by §§ 681 et seq. of Title 28.
History —July 1, 1975, No. 132, p. 388, addded as § 7A on June 20, 1978, No. 10, p. 388, § 3; Sept. 23, 1983, No. 20, p. 415, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 759 - Sale price—Formula

In the case of low-income families, as defined in this chapter, the title shall be granted for the sum of one dollar ($1). The granting of title deeds to families which because of their income are not within the definition of low-income families shall be granted for the price determined according to the formula established herein:
The percent corresponding to the family according to its income in the table which appears below shall be multiplied by the basic appraisal value of the lot to which title is to be granted; the product shall be the selling price.
ADJUSTED GROSS INCOME PERCENT $14,401 — $14,500 2 14,501 — 14,600 4 14,601 — 14,700 6 14,701 — 14,800 8 14,801 — 14,900 11 14,901 — 15,000 14 15,001 — 15,100 17 15,101 — 15,200 20 15,201 — 15,300 23 15,301 — 15,400 27 15,401 — 15,500 31 15,501 — 15,600 35 15,601 — 15,700 39 15,701 — 15,800 43 15,801 — 15,900 48 15,901 — 16,000 53 16,001 — 16,100 58 16,101 — 16,200 63 16,201 — 16,300 68 16,301 — 16,400 74 16,401 — 16,500 80 16,501 — 16,600 86 16,601 — 16,700 92 16,701 — 16,800 98
Those families having an adjusted gross income of $16,801, or more, shall pay the basic appraisal value of the lot.
History —July 1, 1975, No. 132, p. 388, § 9; June 20, 1978, No. 10, p. 388, § 4; Dec. 22, 1999, No. 353, § 3; June 15, 2004, No. 148, § 2.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 759a - Sale price—Lease of lot to occupant family

In those cases in which an occupant is not interested in purchasing the lot on which his dwelling is located, for the price determined in the table of values of § 759 of this title, the Secretary of Housing may lease said lot to the occupant family which shall pay a monthly rent equal to the legal interest of the basic appraisal value of the lot, prorated on a monthly basis; Provided, That after a period of five (5) years from the leasing of the lot, the family may purchase it at the appraisal value of the property prevailing in the market at the time it is purchased.
History —July 1, 1975, No. 132, p. 388, added as § 9A on June 20, 1978, No. 10, p. 388, § 5.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 760 - Sale price—Lots for use other than housing

If there are lots devoted to uses other than housing, the selling price shall be determined on the basis of their market value.
In cases of commercial lots, residuary lots, and public purpose lots, the rent and sale shall be processed pursuant to the criteria of §§ 241 et seq. of Title 28. In those cases in which the lots are used by non-profit organizations, the Department of Housing shall proceed pursuant to Joint Resolution No. 603 of September 16, 1996.
History —July 1, 1975, No. 132, p. 388, § 10; Dec. 22, 1999, No. 353, § 4.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 761 - Limitation to one family

The Secretary of Housing shall not grant title to public lands to more than one family occupying more than one dwelling thereon.
History —July 1, 1975, No. 132, p. 388, § 11.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 762 - Requirements of acquirers

Acquirers of lots under this chapter, except as provided in § 757a of this title, shall meet the following requirements:
(1) To be the occupant of the lot and live in the dwelling built thereon.
(2) To have established his permanent domicile in said dwelling.
(3) To have no other dwelling of any kind.
History —July 1, 1975, No. 132, p. 388, § 12; June 20, 1978, No. 10, p. 388, § 6.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 763 - Regulation

The lands covered by this chapter are hereby exempted from the Organic Acts of the Planning Board and the Permit Management Office, and their regulations.
In cases of transfers of real property on which structures are built that belong to the agencies or instrumentalities that have to transfer lands to the Department of Housing under this chapter, they shall be exempt from the requirements of the laws and regulations regarding lotting, the Planning Board, or appraisals to include with the deed of subdivision of lots and the transfer to the Property Registry.
The Secretary of the Department of Housing, in consultation with these bodies, shall adopt the agreements needed for the implementation of this chapter.
History —July 1, 1975, No. 132, p. 388, § 13; June 8, 2000, No. 96, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 25 - Dwellings Located on Another’s Land (§§ 751 — 764) › § 764 - Expenses for subdivision and administration

The Secretary of Housing is hereby authorized to request from the persons who are to be granted a title deed to the lot where their dwellings are located, to voluntarily contribute the subdivision and administrative expenses needed for the granting of said title deed, pursuant to the terms of this chapter. Said sum shall not exceed $ 100.00 per title, after the approval of this act.
History —July 1, 1975, No. 132, p. 388, added as § 13A on June 1, 1982, No. 27, p. 59.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 27 - Multistory Buildings; Safety Measures (§§ 801 — 804) › § 801 - Requirements of owners of multistory buildings; automatic extinguishers and fire escapes

Every owner of a multistory building shall provide and maintain continuously a usable automatic fire extinguisher in every floor and shall keep the fire escapes lighted and without obstacles to be able to leave in cases of emergencies.
History —July 1, 1975, No. 138, p. 421, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 27 - Multistory Buildings; Safety Measures (§§ 801 — 804) › § 802 - Application of this chapter

The provisions of this chapter shall apply to every owner of a multistory building and to every person who without being the owner might be responsible for compliance with the requirements imposed hereby. They shall also apply to buildings governed by §§ 1291—1293k of Title 31.
History —July 1, 1975, No. 138, p. 421, § 2.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 27 - Multistory Buildings; Safety Measures (§§ 801 — 804) › § 803 - Fire Service, rules and regulations

The Fire Service of Puerto Rico is hereby authorized to enact the necessary rules and regulations in order to enforce the provisions of this chapter and said rules and regulations shall have force of law.
History —July 1, 1975, No. 138, p. 421, § 3.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 27 - Multistory Buildings; Safety Measures (§§ 801 — 804) › § 804 - Penalties

(a) Every owner of a multistory building who intentionally violates the provisions hereof shall be guilty of a misdemeanor and upon conviction, shall be punished by a fire not exceeding three hundred dollars ($300). In case of a second offense, he shall be punished by a fine not exceeding five hundred dollars ($500).
(b) The owner of a multistory building who violates the provisions of this chapter shall be guilty of a misdemeanor and upon conviction, shall be punished by a fine not exceeding one thousand dollars ($1,000) or by imprisonment in jail for a term of not more than six (6) months or by both penalties in the discretion of the court.
History —July 1, 1975, No. 138, p. 421, §§ 4, 5.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 29 - Subsidies on Interest and Mortgage Guarantees (§§ 851 — 856) › § 851 - Subsidies authorized; guidelines

The Department of Housing is hereby authorized to grant subsidies on interest and guarantee thirty- (30) year mortgages on those dwellings in projects which on the effective date of this act have been approved by the United States Farmers Home Administration (FmHA), and by the Department of Housing, up to a maximum of 3,000 units, when said Federal Agency cannot finance the mortgages and partially subsidize the interest on the mortgage loans under the provisions of § 502 of the Federal Housing Act.
The Secretary of Housing shall adopt the corresponding guidelines to give his approval to the housing units or projects to which conditional commitments shall be granted, so that the promoters and builders using the state subsidy authorized by §§ 851—856 of this title, and the mortgage guarantee authorized by §§ 261—271a of Title 7, as backing, may negotiate permanent financing in the banking or financial institutions.
History —June 1, 1979, No. 58, p. 119, § 1; June 3, 1982, No. 33, p. 72, § 2.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 29 - Subsidies on Interest and Mortgage Guarantees (§§ 851 — 856) › § 852 - When federal agency lacks funds

The Department of Housing, in coordination with the Farmers Home Administration, shall provide the subsidy authorized herein for those cases which, at the time the mortgage deeds are granted, said federal agency lacks the funds to finance the mortgages that make the granting of the subsidy possible under § 502 of the Federal Housing Act.
History —June 1, 1979, No. 58, p. 119, § 2.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 29 - Subsidies on Interest and Mortgage Guarantees (§§ 851 — 856) › § 853 - Rules and regulations

The Secretary of Housing shall adopt the rules and regulations needed to implement §§ 851—856 of this title, which will be effective after they have been approved by the Governor and promulgated. Said rules and regulations shall establish the criteria and procedures to be used to determine the eligibility of the families applying for the subsidy provided herein. They shall also determine the amount of the subsidy, pursuant to the regulations of the Farmers Home Administration, which provide a subsidy to allow low- or moderate-income families to acquire newly-constructed housing at an interest cost of a maximum of 1% per year on the mortgage for those families who qualify for the maximum subsidy. The subsidy shall be for the life of the mortgage and may be revised periodically to adjust it to increases or reductions in the income of the families that are the recipients thereof.
History —June 1, 1979, No. 58, p. 118, § 3.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 29 - Subsidies on Interest and Mortgage Guarantees (§§ 851 — 856) › § 854 - Subsequent acquisitions

The Secretary of Housing shall have the faculty to extend the mortgage-interest subsidy to the families who acquire a dwelling by a contract of sale which has been acquired from the previous owner by the Department of Housing or the Housing Bank and Finance Agency due to default of the mortgage contract, or when by payment in kind, surrender their homes because it is impossible to fulfill their contracted obligations, or for other reasons. The families to whom these dwellings are sold must be eligible for the benefits of §§ 851—856 of this title.
History —June 1, 1979, No. 58, p. 119, added as § 3A on June 3, 1982, No. 33, p. 72, § 3.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 29 - Subsidies on Interest and Mortgage Guarantees (§§ 851 — 856) › § 855 - Discrimination prohibited; penalties

Any employee, agent or official of the Government of the Commonwealth, its agencies, municipalities or instrumentalities who, in the implementation of the provisions of §§ 851—856 of this title, or in the administration and granting of its benefits, discriminates against any person, group or community because of race, color, sex, birth, origin or for their political or religious beliefs shall incur a misdemeanor.
The commission of any of the actions indicated in the previous paragraph shall be sufficient cause for the dismissal of the guilty employee, agent or official from office. The dismissal procedure shall be followed according to the laws and regulations applicable to such employee, agent or official, and it shall be done regardless of the criminal procedure.
History —June 1, 1979, No. 58, p. 119, added as § 4 on June 3, 1982, No. 33, p. 72, § 4.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 29 - Subsidies on Interest and Mortgage Guarantees (§§ 851 — 856) › § 855a - Application of partial prepayments

(a) Notwithstanding any provisions to the contrary in the mortgage, after the effective date of this provision, every partial prepayment of a mortgage subsidized pursuant to the subsidy program established in this act shall serve to reduce the amount of each installment instead of reducing the number of installments due. This provision shall also apply to the partial prepayments made within the year following the effective date of this provision with regard to subsidized mortgage loans, when this provision becomes effective.
(b) Notwithstanding the provisions of § 3163 of Title 31, in the event that the Housing Bank and Finance Agency of Puerto Rico fully prepays any subsidized mortgage without the knowledge and consent of the mortgagor, the Housing Bank and Finance Agency of Puerto Rico shall be subrogated to the rights of the mortgagee.
History —June 1, 1979, No. 58, p. 119, added as § 4A on July 11, 1986, No. 115, p. 366, § 4.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 29 - Subsidies on Interest and Mortgage Guarantees (§§ 851 — 856) › § 856 - Appropriations

The Department of Housing is hereby authorized, through the Housing Bank and Finance Agency of Puerto Rico, to incur obligations up to the amount of two million three hundred thousand dollars ($2,300,000) for the payment of interest subsidies for fiscal years 1978-79 and 1979-80.
The Housing Bank and Finance Agency of Puerto Rico is hereby appropriated the sum of two million, six hundred thousand dollars ($2,600,000) for the Insured Mortgage Reserve Fund created by virtue of §§ 261—271a of Title 7, to provide the mortgage insurance guarantee to the mortgage loans originated under §§ 851—856 of this title.
The funds needed for subsequent years to honor the obligations incurred by the Housing Bank and Finance Agency in administering §§ 851—856 of this title, including the obligations which it may incur in order to prepay, purchase or otherwise totally or partially settle the obligations contracted in administering §§ 851—856 of this title shall be consigned in the Department of Housing’s budget.
History —June 1, 1979, No. 58, p. 119, § 4, renumbered as § 5 on June 3, 1982, No. 33, p. 72, § 5; July 11, 1986, No. 115, p. 366, § 5.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 30 - Insure, Co-insure, Re-insure of Mortgages (§§ 861 — 867) › § 861 - Authorization

The Housing Financing Agency and Bank of Puerto Rico, hereinafter denominated as the “Agency”, is hereby authorized to insure, coinsure and re-insure, on its own or with others, the payments on any mortgage loan granted to moderate or low-income families for the acquisition of lots to be used by these families for the construction of housing destined to residential use, under the terms and conditions determined by the Agency through regulations.
In order to comply with the obligations assumed by the Agency when insuring, co-insuring and re-insuring mortgages for the acquisition of lots by moderate or low-income families, a Mortgage Reserve Fund to Insure the Acquisition of Lots (hereinafter denominated the “Fund”) is hereby created, which shall initially be replenished by the transfer of five hundred thousand dollars ($500,000.00) made by the Agency from the remainder of the fund maintained by the Agency to meet the obligations contracted under Act No. 115 of July 11, 1986, as amended; by future legislative appropriations; by insurance premiums; and by any other revenues resulting from the mortgage insurance, from which all the financial commitments incurred for insurance, operating expenses and any other expenses incidental to the mortgage insurance, as provided in the “Mortgage Insurance Regulations for the Acquisition of Lots”, shall be paid. The Department of Housing shall take the necessary measures, through regulations, so that the benefits deriving from the cost reduction obtained by the intervention of the Department of Housing or the concessions approved by the Planning Board may result in a direct benefit to the consumer.
History —July 26, 1995, No. 86, § 1.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 30 - Insure, Co-insure, Re-insure of Mortgages (§§ 861 — 867) › § 862 - Regulations

The Secretary of Housing, hereinafter denominated the Secretary, shall adopt “Mortgage Insurance Regulations for the Acquisition of Lots”, (hereinafter denominated the “Regulations”) which shall provide for the establishment and maintenance of those actuarial reserves he/she deems adequate and necessary to ensure the solvency of the Fund created by virtue of this chapter. These Regulations shall meet the provisions of §§ 2101 et seq. of Title 3. In addition, these Regulations shall provide for the rules and conditions for insurance against losses, resulting from obligations secured by mortgages, whether by loans, credit advances for purchases of obligations evidenced by notes, which might be experienced by the Agency or other financial entities, such as banks, insurance companies, retirement systems, personal loan companies, mortgage investment companies, housing cooperatives, or any other institution that the Secretary determines qualifies through its experience, resources and facilities as eligible for such securing. The Secretary shall establish, from time to time, through resolutions, the maximum amount of any loan to be insured under this chapter.
History —July 26, 1995, No. 86, § 2.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 30 - Insure, Co-insure, Re-insure of Mortgages (§§ 861 — 867) › § 863 - Liability

In those cases in which the Agency has to settle the liability assumed as the mortgage insurer with regard to the acquisition of lots, it shall make the corresponding payment in debenture bonds or in cash, from the moneys deposited in the Fund, or in a combination of both, to be determined by the Secretary.
History —July 26, 1995, No. 86, § 3.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 30 - Insure, Co-insure, Re-insure of Mortgages (§§ 861 — 867) › § 864 - Bonds issued by the Agency

All debenture bonds issued by the Agency pursuant to the provisions of this chapter, shall be secured by the moneys deposited in the Fund’s account. Said debenture bonds may bear the date, mature on that term or those terms, be subject to the right to be redeemed before their maturity date with or without premiums, earn interest at such rate or rates, be payable on such date or dates, and be granted in the manner determined by the Secretary.
History —July 26, 1995, No. 86, § 4.
2023 Laws of Puerto Rico › TITLE SEVENTEEN - Housing (§§ 1 — 1546) › Chapter 30 - Insure, Co-insure, Re-insure of Mortgages (§§ 861 — 867) › § 865 - Noncompliance

In the event of noncompliance by the mortgagor, the mortgagee shall promptly notify this fact to the Agency in writing. When such a notice is received, the Agency shall determine the course of action to be followed by the mortgagee. When it is deemed viable and for a provisional period after the noncompliance or threat of noncompliance by the mortgagor, the Agency may make the corresponding payments on the mortgage to the mortgagee, and said payments shall be repaid under the terms determined by the Agency. Once the mortgagee complies with all the requirements imposed by the Agency, pursuant to the Regulations, he/she shall be entitled to receive the insurance benefits authorized by this chapter.
History —July 26, 1995, No. 86, § 5.