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U.S. Code as of:
01/19/04
Section 1701z-4. Abandoned properties demonstration project
(a) Grants for arrest of incipient abandonment and revitalization
of blighted areas
In carrying out activities under section 1701z-1 of this title,
the Secretary may undertake programs to demonstrate the most
feasible means of providing assistance to localities in which a
substantial number of structures are abandoned or are threatened
with abandonment for the purpose of arresting the process of
housing abandonment in its incipiency or in restoring viability to
blighted areas in which abandonment is pervasive. For this purpose,
the Secretary is authorized to make grants, subject to the
limitations of this section, to assist local public bodies in
planning and implementing demonstration projects for prompt and
effective action in alleviating and preventing such abandonment in
designated demonstration areas.
(b) Preferred projects; scope of projects
In administering this section, the Secretary shall give
preference to those demonstration projects which in his judgment
can reasonably be expected to arrest the process of abandonment in
the demonstration area within a period of two years and which
provide for innovative approaches to combating the problem of
housing abandonment. Such projects may include, but shall not be
limited to (1) acquisition by negotiated purchase, lease,
receivership, tax lien proceedings, or other means authorized by
law and satisfactory to the Secretary, of real property within the
demonstration area or areas which is abandoned, deteriorated, or in
violation of applicable code standards; (2) the repair of streets,
sidewalks, parks, playgrounds, publicly owned utilities, public
buildings to meet needs consistent with the revitalization and
continued use of the area; (3) the demolition of structures
determined to be structurally unsound or unfit for human habitation
or which contribute adversely to the physical or social environment
of the locality involved; (4) the establishment of recreational or
community facilities including public playgrounds; (5) the
improvement of garbage and trash collection, street cleaning and
other essential services necessary to the revitalization and
maintenance of the area; (6) the rehabilitation of privately and
publicly owned real property by the locality; and (7) the
establishment and operation of locally controlled, nonprofit
housing management corporations and municipal repair programs.
(c) Purchase or lease of project real estate at fair market value
for new or rehabilitated housing use; conditions
Subject to such conditions as the Secretary may prescribe, real
property held as part of a project assisted under this section may
be made available to (1) a limited dividend corporation, nonprofit
corporation, or association, cooperative or public body or agency,
or other approved purchaser or lessee, or (2) a purchaser who would
be eligible for a mortgage insured under section 1715l(d)(3) or
(d)(4), section 1715l(h)(1), section 1715z(i) or (j)(1), or section
1715z-1 of this title, for purchase or lease at fair market value
for use by such purchaser or lessee, as, or in the provision of,
new or rehabilitated housing for occupancy by families or
individuals of low or moderate income.
(d) Amount of grants; authorization of appropriations; continuing
availability of funds; locality limitation
Grants under this section shall be in amounts which do not exceed
90 per centum of the net project cost as determined by the
Secretary. There are authorized to be appropriated for
demonstration grants under this section not to exceed $20,000,000
for the fiscal year ending June 30, 1971. Any amounts appropriated
shall remain available until expended and any amount authorized but
not appropriated may be appropriated for any succeeding fiscal year
commencing prior to July 1, 1972. Not more than one-third of the
aggregate amount of grants made in any fiscal year under this
section shall be made with respect to projects undertaken by one
locality.
(e) Projects as part of urban renewal projects for purpose of
application of urban renewal provisions
The provisions of sections 1456, 1465, and 1466 (!1) of title 42,
and section 1452b (!1) of title 42, may apply to projects assisted
under this Act as if such projects were being carried out in urban
renewal areas as part of urban renewal projects within the meaning
of section 1460 (!1) of title 42.
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