Pub. L. 82-139, tit. V, sec. 501

Sec. 501. Section 102 of the Housing Act of 1948, as amended, is amended by striking out the words “for the production of prefabricated houses or prefabricated housing components, or for large-scale modernized site construction” at the end of the first sentence thereof and inserting the following: “for production or distribution of prefabricated houses or housing components and for related purposes, or for modernized site construction: Provided, however, That no loan in excess of $500,000 shall be made to any individual or corporation for purposes of production”, and by inserting after the word “determine” in the second sentence thereof the words “and may be made 65 Stat. 312either directly or in cooperation with banks or other lending institutions through agreements to participate or the purchase of participation or otherwise”.