25 CFR 700.213 – Methods of providing last resort replacement housing
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(a) General. The methods of providing last resort housing include, but are not limited to—
Terms Used In 25 CFR 700.213
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(1) Rehabilitation of, and/or additions to, an existing replacement dwelling;
(2) A replacement housing payment in excess of the limits set forth in subparts E and F of this part or the provision of direct Commission mortgage financing;
(3) The construction of a new replacement dwelling;
(4) The relocation and, if necessary, rehabilitation of a replacement dwelling;
(5) The purchase of land and/or a replacement dwelling by the Commission and subsequent sale or lease to, or exchange with, a displaced person; and
(6) The removal of barriers to the handicapped as may be necessary.