### Statutory Notes
Section, act June 27, 1934, ch. 847, title VIII, § 804, as added Aug. 8, 1949, ch. 403, § 1, 63 Stat. 575; amended Aug. 11, 1955, ch. 783, title IV, § 401, 69 Stat. 650, provided for disposition and use of excess moneys in Armed Services Housing Mortgage Insurance Fund, issue and cancellation of debentures, and receipt and payment of credits and charges.
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Stable record: federal_law:legal_authorities:record_usc_872b3fbb06d13828f33f670f Source file: Laws/federal/codes/united-states-code/title-12/section-1701q-repealed-pub-l-89117-title-xi-1108-aa-aug-10-1965-79-stat-507--5cff1489d6.md Pages: Not recorded – Not recorded Passage SHA-256: 4d31d5e92768b051325e394b1a352cf71a0e275aa1c85c09a7ce483c079c1309 Retained source evidence SHA-256: 030090c0dcbade5e4068a91e30dc1734744fa4f1697702cb069cea6a1ffe26b9
Source location: Title 12, Chapter 13, § 1701q; chapter-013-national-housing.md
Stored source content
### Statutory Notes
Section, act June 27, 1934, ch. 847, title VIII, § 804, as added Aug. 8, 1949, ch. 403, § 1, 63 Stat. 575; amended Aug. 11, 1955, ch. 783, title IV, § 401, 69 Stat. 650, provided for disposition and use of excess moneys in Armed Services Housing Mortgage Insurance Fund, issue and cancellation of debentures, and receipt and payment of credits and charges.
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Federal law — U.S. Code and appendices · legal_authorities
§ 1701q. Supportive housing for the elderly
(a) Purpose
The purpose of this section is to enable elderly
persons to live with dignity and independence by
expanding the supply of supportive housing
that—
(1) is designed to accommodate the special
needs of elderly persons; and
(2) provides a range of services that are tai-
lored to the needs of elderly persons occupying
such housing.
(b) General authority
The Secretary is authorized to provide assist-
ance to private nonprofit organizations and con-
sumer cooperatives to expand the supply of sup-
portive housing for the elderly. Such assistance
shall be provided as (1) capital advances in ac-
cordance with subsection (c)(1), and (2) contracts
for project rental assistance in accordance with
subsection (c)(2). Such assistance may be used to
finance the construction, reconstruction, or
moderate or substantial rehabilitation of a
structure or a portion of a structure, or the ac-
quisition of a structure, to be used as supportive
housing for the elderly in accordance with this
section. Assistance may also cover the cost of
real property acquisition, site improvement,
conversion, demolition, relocation, and other ex-
penses that the Secretary determines are nec-
essary to expand the supply of supportive hous-
ing for the elderly.
(c) Forms of assistance
(1) Capital advances
A capital advance provided under this sec-
tion shall bear no interest and its repayment
shall not be required so long as the housing re-
mains available for very low-income elderly
persons in accordance with this section. Such
advance shall be in an amount calculated in
accordance with the development cost limita-
tion established in subsection (h).
(2) Project rental assistance
Contracts for project rental assistance shall
o