Page:United States Statutes at Large Volume 78.djvu/832

 790

42 USC 1450. 1464.

Ante. p. 788. 42 USC Hit ^

PUBLIC LAW 88-560-SEPT. 2, 1964

eligible fov such payments by reason of their having been displaced from property in the urban renewal area, without regard to any subsequent proceedings, determinations, or events relating to such property which do not bear upon whether such displacement in fact occurred." (b) Any contract with a local public agency which was executed under title I of the Housing Act of 1949 before the date of the enactment of this Act may be amended to provide for payments authorized ^y section 114 of the Housing Act of 1949. (c) Section 106 of the Housing Act of 1949 is amended by striking '>^^t subsection (f). ACQUISrriON

68 Stat. 626. 42 USC 1460.

[78 STAT.

OF

PROPERTY A F F E C l ^ D BY COAL M I N E UNDERGROUND M I N E F I R E S

SrBSinKN(^E

OR

SEC. 811. (a) Section 110(e) of the Housing Act of 1949 is amended by adding at the end thereof the following new paragraph: "Where a project includes the acquisition of property which has been damaged because of the collapse or subsidence of underlying coal mines, or underground mine fires, and the property is to be acquired from an individual, family, business concern, or nonprofit organization which was the owner of such property at the time the damage first occurred, the amount otherwise allowable as the acquisition price of such property may be increased by an amount equal to so much of any diminution in the value of such property as is determined to be reasonably attributable to such damage and to represent an otherwise micompensated and (but for such acquisition) uncompensable loss actually sustained by such owner." (b) Any contract under title I of the Housing Act of 1949 executed prior to the date of enactment of the Housing Act of 1964 may be amended to provide for payment of the increased amounts authorized under the amendment made by subsection (a) with respect to any uncompleted project if the project includes acquisitions which, under any State or local law in effect on such date, would involve expenditures by a local public agency that could not otherwise be included in the costs of such project. R E H ABU. I T A TI ON U) A N S

Definitions.

SEC. 312. (a) To assist rehabilitation in an urban renewal area and thereby reduce the need for demolition and removal of structures, the Housing and Home Finance Administrator is hereby authorized, through the utilization of local public and private agencies where feasible, to make loans as herein provided to the owners or tenants of property in such area to finance rehabilitation required to make the [jroperty conform to applicable code requirements or to carry out the objectives of the urban renewal plan for the area. No loan shall be made under this section unless the Administrator finds (1) that the applicant is unable to secure the necessary funds from other sources upon reasonable terms and conditions, and (2) the loan is an acceptable risk taking into consideration the need for the rehabilitation, the security available for the loan, and the ability of the applicant to repay the loan. ^|^^ -pov the purposes of this section— (1) the term "rehabilitation" means the improvement or repair of a structure or facilities in connection with a structure, and may include the provision of such sanitary or other facilities as are required by applicable codes or the urban renewal plan to be provided by the owner or tenant of the property;

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