rehabilitation grants to homeowners in urban renewal areas

rehabilitation grants to homeowners in urban renewal areas Sec. 106. (a) Title I of the Housing Act of 1949 is amended by adding at the end thereof the following new section: “rehabilitation grants “Sec. 115. (a) Notwithstanding any other provision of this title, the Administrator may authorize a local public agency to make grants (and the urban renewal project may include the making of such grants) as prescribed in this section. Any such grant may be made only to an individual or family, as described in subsection (b), who owns and occupies a structure in an urban renewal area, and only for the purpose of covering the cost of repairs and improvements necessary to make such structure conform to public standards for decent, safe, and sanitary housing as required by applicable codes or other requirements of the urban renewal plan for the area. Any contract for financial assistance under this title shall provide that the capital grant 79 Stat. 458otherwise payable for the project shall be increased by an amount equal to the total amount of the grants under this section and that no part of the total amount of such grants shall be required to be contributed as part of the local grant-in-aid. “(b) A grant authorized by this section may lie made to an individual or family whose income does not exceed $3,000 a year, and such grant may lie in the amount which does not exceed the lesser of (1) the, actual (and approved) cost of the repairs and improvements involved, or (2) $1,500. In case the income of the individual or family exceeds $3,000 a year, a grant may lie made under this section, subject to the limitations specified in clauses (1) and (2) of the preceding sentence, but only in an amount not to exceed that portion of the cost of the repairs and improvements which cannot be. paid for with any available loan that, can be amortized as part of such individual’s or family’s monthly housing expense without requiring such monthly housing expense to exceed 25 per centum of such individual’s or family’s monthly income.” (b) Any contract with a local public agency which was executed under title I of the Housing Act of 1949 before the date of enactment of this Act may be amended to provide for grants authorized by section 115 of the Housing Act of 1949.