Section 17. Housing Development Projects And Eligible Costs

A. The board may recommend to the authority that housing development assistance from the housing development revolving fund should be made available for housing development projects as provided by Section 6- 34-13.3, NMSA 1978. B. Housing development assistance from the housing development revolving fund shall be made only for eligible items, a determined by the authority, which includes: (1) housing development assistance; (2) paying the reasonably necessary administrative costs and other costs and fees incurred by the authority in carrying out the provisions of the act.