Section 4-920 – Loan Ceiling for Nonresidential Rehabilitation
The Department shall establish a maximum percentage or amount of Program loans from the Rental Housing Programs Fund that may be used for nonresidential rehabilitation.
Section 4-921 – Financing of Rehabilitation Loans
Rehabilitation loans under the Regular Rehabilitation Program and special loan programs shall be financed by the Special Loan Programs Fund.
Section 4-922 – Federal Programs and Other Sources for Grants and Loans
(a) In addition to making loans for rehabilitation projects to sponsors, nonprofit sponsors, or families of limited income from the Rental Housing Programs Fund and the Special Loan Programs Fund, the Department may use money from any other authorized source, including federal programs of assistance for rehabilitation, to make: (1) grants for rehabilitation projects to families of […]
Section 4-923 – Rehabilitation Projects
(a) The purpose of a rehabilitation project is: (1) to bring a building to a decent, safe, and sanitary condition in accordance with applicable codes and standards, including those for construction, health, safety, fire, and occupancy; (2) to maintain the building in that condition; (3) to make the building more useful and attractive; (4) to conform the building to the […]