Page:United States Statutes at Large Volume 79.djvu/491

 79

STAT.]

PUBLIC LAW 89-117-AUGUST10, 1965

451

Public Law 89-117 AN ACT To assist in the provision of housing for low- and modera'te-income families, to promote orderly urban development, to improve living environment in urban areas, and to extend and amend laws relating to housing, urban renewal, and community facilities.

August 10, 1965 [H. R. 7984]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may urt)an^D"e^vi»r'^ be cited as the "Housing and Urban Development Act of 1965". men^"Act^ of "ges. TITLE I—SPECIAL PROVISIONS FOR DISADVANTAGED PERSONS FINANCIAL ASSISTANCE TO ENABLE CERTAIN PRIVATE HOUSING TO BE AVAILABLE FOR LOWER INCOME FAMILIES WHO ARE ELDERLY, HANDICAPPED, DISPLACED, VICTIMS OF A NATURAL DISASTER, OR OCCUPANTS OF SUBSTANDARD HOUSING

SEC. 101. (a) The Housing and Home Finance Administrator (hereinafter referred to as the "Administrator") is authorized to make, and contract to make, annual payments to a "housing owner" on behalf of "qualified tenants", as those terms are defined herein, in such amounts and under such circumstances as are prescribed in or pursuant to this section. I n no case shall a contract provide for such payments with respect to any housing for a period exceeding forty years. The aggregate amount of the contracts to make such payments shall not exceed amounts approved in appropriation Acts, and payments pursuant to such contracts shall not exceed $30,000,000 per annum prior to July 1, 1966, which maximum dollar amount shall be increased by $35,000,000 on July 1, 19^6, by $40,000,000 on July 1, 1967, and by $45,000,000 on July 1, 1968. (b) As used in this section, the term "housing owner" means a pri- "Housing vate nonprofit corporation or other private nonprofit legal entit;;^, a °'^"^'"' limited dividend corporation or other limited dividend legal entity, or a cooperative housing corporation, which is a mortgagor under section 221(d)(3) of the National Housing Act and which, after the Jj u?c vil'si. enactment of this section, has been approved for mortgage insurance thereunder and has been approved for receiving the benefits of this section: Provided, That, except as provided in subsection (j), no payments under this section may be made with respect to any property financed with a mortgage receiving the benefits of the interest rate provided for in the proviso in section 221(d)(5) of that Act. ^°^^' P- '*54. Subject to the limitations provided in subsection (j), the term "housing owner" also has the meaning prescribed in such subsection. (c) As used in this section, the term "qualified tenant" means any ^^^^^W^^^'"^ individual or family who has, pursuant to criteria and procedures established by the Administrator, been determined— (1) to have an income below the maximum amount which can be established in the area, pursuant to the limitations prescribed in sections 2(2) and 15(7)(b) (ii) of the L"''nited States Housing Act of 1937, for occupancy in public housing dwellings; and 63°star tri' (2) to be one of the following— 42 USC HIS (A) displaced by governmental action; (B) sixty-two years of age or older (or, in the case of a family to have a head who is, or whose spouse is, sixty-two years of age or o v e r);

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