99.901. Urban homesteading fund established, purpose.
Urban homesteading fund established, purpose.
99.901. The governing body of the municipality may create afund to be known as the "Urban Homesteading Fund". The fundshall be used on a revolving basis to aid any urban homesteadingagency in providing financial assistance to urban homesteaders inthe form of loans for the purchase and rehabilitation of, orconstruction on, urban homestead program property and to aid anyurban homesteading agency in providing financial assistance to amunicipal housing authority in the form of grants for thepurchase and rehabilitation of, or construction on, urbanhomestead program property.
(L. 1992 H.B. 1434 & 1490 § 9 subsec. 1)