§ 500. Acquisition of real property. Real property may be acquired by a housing company, a limited-profit housing company or by a municipality for a housing company or a limited-profit housing company, by gift, grant, devise, purchase, condemnation or otherwise.
§ 501. Proceedings to acquire. 1. A housing company or a limited-profit housing company electing to acquire through a municipality, may petition the municipality to institute proceedings under any applicable general, special or local law, to acquire property described in the petition for a project. The resolution granting the petition shall set forth the amount […]
§ 502. Condemnation of excess property. A municipality may take private property for a limited-profit housing company by condemnation for the purpose of providing low rent housing for families of low income, or for the clearance, replanning, reconstruction and rehabilitation of areas, or for both of such purposes, and for recreational and other facilities incidental […]
§ 503. Sale or lease of municipal lands to a housing company. 1. The local legislative body of a municipality, by resolution, may determine that real property of the municipality, specified and described in such resolution is not required for use by the municipality and may authorize the municipality to sell or lease such real […]
§ 504. Re-entry of lands sold or leased. 1. After the expiration of one year from the sale or lease of real property by the municipality to a housing company, the municipality shall have the right of re-entry in the manner hereinafter provided. Such right of re-entry may, where the property has been sold, be […]
§ 507. Condemnation certificate of commissioner. The power of condemnation shall not be exercised by a housing company, except with the authorization of such action by the commissioner, which authorization shall be in the form of a certificate declaring that the acquisition of the property is necessary for the construction of a project and that […]
§ 508. Notice of public hearing. The hearing shall be held at a time and place appointed by the commissioner who shall give notice of such hearing by publication in a newspaper, designated by him, published or circulated in the municipality or county wherein the property is located, at least ten days prior to such […]
