§ 191n. Cost limitations
(a) No dwelling shall be erected by the Government at a cost of more than $25,000 exclusive of the proportional cost of the land. (b) The minimum selling price for a dwelling shall be a sum at least equal to the Government’s acquisition cost plus the cost of any additions and improvements.
§ 191o. Right of entry
In the discharge of his duties and responsibilities hereunder, the Executive Director of the Virgin Islands Housing Finance Authority, or his representative, after obtaining permission to do so from the owner or holder, or his representatives, may enter any land or premises, for the purpose of making surveys, taking measurements, or conducting investigations with regard […]
§ 191p. Public hearing
Prior to the acquisition of any lands through the exercise of the power of eminent domain, for the purposes of any moderate income housing project under the provisions of this subchapter, all affected property owners and other interested parties shall be afforded an opportunity, at a public hearing to be called for such purpose by […]
§ 191q. Condemnation
In all proceedings for the condemnation of real property under this subchapter, the following procedure shall apply: (a) Notice shall be served by the Executive Director of the Virgin Islands Housing Finance Authority on the property owner or his representative which shall include the following: (1) a declaration of the intention of the Government of […]
§ 191g. Functions of the Committee
The Committee shall recommend to the Executive Director of the Virgin Islands Housing Finance Authority: (a) necessary surveys of the needs of the Virgin Islands residents for moderate income housing; (b) investigation of areas in the Islands where real property may be purchased for the construction and development of moderate income housing projects; (c) selection […]
§ 191h. Finances
(a) The Governor, for and on behalf of the Government of the United States Virgin Islands, is hereby authorized to issue bonds, borrow from public or private trust funds or from government insurance fund for the purposes of procuring monies to be loaned, appropriated, contributed or granted to the Executive Director of the Virgin Islands […]
§ 191h-1. Loan from Employees Retirement System for financing moderate income housing; mortgage security; repayments
(a) Notwithstanding any other provisions of law, the Board of Trustees of the Employees Retirement System of the Government of the United States Virgin Islands, upon the request of the Governor of the Virgin Islands pursuant to the provisions of section 191h of this title, is authorized to loan, out of the reserves of the […]
§ 191h-2. Rules and regulations to coordinate and facilitate responsibilities, etc., of Commissioner and Employees Retirement System under section 191h-1 and other sections
The Governor is hereby authorized to adopt and amend all such necessary or appropriate rules and regulations, not inconsistent with the provisions of sections 191f, 191h-1 and 191h-2 of this title, and section 3027 of Title 33, for the purpose of coordinating and facilitating the responsibilities and duties of the Commissioner of Finance and of […]
§ 191h-3. Housing Insurance Fund
(a) The provisions of this section are enacted to facilitate mortgage financing by private financial institutions with respect to any housing covered by this Act. (b) There is created a Housing Insurance Fund which shall be used by the Executive Director of the Virgin Islands Housing Finance Authority as a revolving fund for carrying out […]
§ 191i. Applications, eligibility
(a) All applicants for land and dwellings in a moderate income housing project shall be residents, persons of moderate income, and at least 18 years of age, except for the class of priority purchasers referred to in paragraph (5) of section 191j of this title. Applications shall be made in writing to the Executive Director […]