§ 1020. Legislative findings and statement of policy. The legislature hereby finds that in certain rural areas of the state significant numbers of low income residents are unable to obtain decent housing. The normal operation of the private market has not addressed their needs. The elderly and families are especially affected by the lack of […]
§ 1021. Definitions. As used in this article, any term defined in article seventeen of this chapter shall have the same meaning herein as set forth therein and the following terms shall have the following meanings: 1. “Federal assistance” means assistance from the Farmer’s Home Administration pursuant to title five of the United States Housing […]
§ 1023. Rural housing assistance contracts. 1. The commissioner may enter into contracts with eligible sponsors for the provision, in eligible projects, of housing for persons of low income. Such contracts shall provide for the payment by the division to the sponsor of periodic rental assistance payments with respect to the housing accommodations occupied by […]
§ 1024. Payments pursuant to contracts. 1. Payments shall be made monthly or on such other periodic basis as may be provided in the contract. Each such payment shall equal, for each unit in the project covered by the contract, the difference between the project rent established pursuant to subdivision two of this section and […]
§ 1025. Administrative provisions. 1. The commissioner shall provide, by regulations, for the administration of the provisions of this article. Such regulations shall include, but need not be limited to, provisions for operation of the project by the sponsor in a manner consistent with the intent of this article. 2. Every contract entered into pursuant […]
