Page:United States Statutes at Large Volume 82.djvu/535

 82 STAT. ]

PUBLIC LAW 90-448-AUG. 1, 1968

properly the business of the Foundation, and shall provide for fillini^ vacancies in such offices, (5) The Board shall adopt bylaws for the Foundation which shall be made available for public inspection upon request. (c)(1) The Foundation shall assist public and private organizations, at their request, in initiatin;[^, developing, and conducting programs to expand homeownership and housing opportunities for lower income families. To provide such assistance and to carry out the puiposes of this section, the Foundation is authorized to— (A) carry out a continuing program of encouraging private and public organizations at the national, community, and neigliborhood levels in the establishment of such programs; (B) assist in the formation of organizations the purpose of which is the development and carrying out of such programs, including the establishment of local development funds for financing housing for lower income families through the pooling of moneys from private sources; {C) identify and arrange for the technical and managerial assistance and personnel needed for the successful operation of such programs by public and private organizations; (I)) assist public and private organizations in obtaining the mortgage financing, insurance, and other requirements or aids necessary for conducting programs of housing construction, rehabilitation, or improvement for lower income families; (E) arrange for, or provide on a limited basis, training for jjersons in the skills needed in administering programs of homeownership and housing opportunity for lower income families; (F) encourage research and innovation, and collect and make available such information as may be desirable to further the purposes of this section, including but not limited to such activities as the sponsoring of seminars, conferences, and meetings and the establishment of a continuing information 2)rogram to acquaint lower income families with the means they can use to improve the quality of their housing and the homeownership and housing opportunities available to them; (G) assist private and public organizations in establishing, in connection with their homeownership and housing opportunity programs for lower income families, counseling and similar activities designed to advise lower income families of the means available to better themselves economically through job training and manpower development programs; and (H) perform other similar services in order to further the purposes of this section. (2) The Foundation may, if it deems it appropriate, charge a reasonable fee for any assistance or service provided under this subsection. (d)(1) In order to assist public and private organizations which are carrying out homeownership and housing opportunity programs for lower income families to fill unmet needs, initiate exceptional programs, and experiment with new approaches and programs, the Foundation is authorized, subject to such terms and conditions as it may prescribe, to make grants and loans to such organizations to help defray the following expenses: (A) organizational and administrative expenses incurred in commencing the operation of a program, or in expanding an existing program, to the extent that the activities are related to providing homeownership and housing opportunities for lower income families; (B) necessary preconstruction costs incurred for architectural assistance, land options, application fees, and similar items; and

493

Functions.

f'ees. Grant and loan

authority.

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