Pub. L. 91-609, tit. I, sec. 111

fit a supplemental loans for multifamily projects

EnactedYear: 1970Length: 140 wordsOfficial source
fit a supplemental loans for multifamily projects Sec. 111. Section 241 of the National Housing Act is amended— (1) by inserting “or covered by a mortgage held by the Secretary” immediately after “this Act” in the first sentence of subsection (a); (2) by striking out the proviso in subsection (a) and inserting in lieu thereof the following: “: Provided, That a loan involving a nursing home or a group practice, facility may also be made for the purpose of financing equipment to be used in the operation of such nursing home or facility”; (3) by inserting “or an amount acceptable to the Secretary” before the semicolon at the end of subsection (b) (1); and (4) by inserting “or pursuant to which the original mortgage covering the project or facility was insured” before “; and” at the end of subsection (b)(5).