Pub. L. 111-117, div. A, tit. II, sec. 233

Pub. L. 111-117, div. A, tit. II, sec. 233

EnactedYear: 2009Length: 90 wordsOfficial source
Sec. 233. Notwithstanding any other provision of law, in determining the market value of any multifamily real property or multifamily loan for any noncompetitive sale to a State or local government, the Secretary shall in fiscal year 2010 consider, but not be limited to, industry standard appraisal practices, including the cost of repairs needed to bring the property into such condition as to satisfy minimum State and local code standards and the cost of maintaining the affordability restrictions imposed by the Secretary on the multifamily real property or multifamily loan.
Pub. L. 111-117, div. A, tit. II, sec. 233 | Justis AI