Pub. L. 91-650, tit. II, sec. 202

Pub. L. 91-650, tit. II, sec. 202

EnactedYear: 1971Length: 287 wordsOfficial source
Sec. 202. Paragraph (h) of section 1 of the Act entitled “An Act to define the real property exempt from taxation in the District of Columbia”, approved December 24, 1942 (D.C. Code, sec. 47–801a), is amended by adding at the. end thereof the following new sentence: “For purposes of this paragraph, any building— “(1) which is financed in whole or in part with (A) a mortgage insured under section 221 (d)(3), (h), or (i) of the National Housing Act and receiving the benefits of the interest rate provided for in the proviso in section 221 (d)(5) of such Act, or (B) a mortgage insured under section 237 of such Act; “(2) with respect to which periodic assistance payments are made under section 235 of the National Housing Act or interest reduction payments are made under section 236 of such Act; “(3) with respect to which rent supplement payments are made under section 101 of the Housing and Urban Development Act of 1965; “(4) which is financed in whole or in part with a loan made under section 202 of the Housing Act of 1959; “(5) which contains dwelling units constituting low-rent housing in private accommodations within the meaning of section 23 of the United States Housing Act of 1937: or “(6) with respect to which there is an outstanding rehabilitation loan made under section 312 of the Housing Act of 1964, shall not, so long as the mortgage or loan involved remains outstanding or the assistance involved continues to be received, be considered a building used for purposes of public charity; except that this sentence84 Stat. 1933 will not apply to those organizations granted an exemption under this paragraph before the date of enactment of this sentence.”