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1 Legislative History of Mobile Home Loans P.L. 94-173 1 (1975)

handle is hein.leghis/legmobhml0001 and id is 1 raw text is: Public Law 94-173 94th Congress, S. 848 December 23, 1975 51n ct Y llneii( section 2 of the National Housing Act to increase tile maximum loan amounts for the purchase of mobile homes. Be it enacted by the Sevate and House of Representatives of the United States of America in ofngres assembled, That section 2 (b) (1) of the National Housing Act is amended by striking out $10,000 ($15,000 and inserting in lieu thereof $12,500 ($20,000. SEc. 2. Notwithstanding the provisions of section 103(a) (2) and (3) and section 104 of the Housing Act of 1949 or of any other law (1) the maximun project capital grant for Project No. Mass. R-107 may exceed two-thirds of the net project costs of said project, and any such excess shall not be considered in determining the project capital grant for any other project in the same municipality and (2) the maximum alount of local grants-in-aid required in connection with Project No. Mass. R-107, under the Contract No. Mass. R-107 (LG) or amendatory contracts for capital grant for said project, shall be one-half of the maximum project capital grant for said project authorized under section 7(d) of said contract, dated Decem- ber 28. 1965, prior to any amendatory contract, and any local grants- in-aid provided in connection with said project in excess of such maximiniu amount or any local grants-in-aid provided in connection with any other project in the same municipality shall not decrease the ..iount of the project capital grant for said project under said contract and amendatory contracts: Provided, That any local grants-in-aid provided in connection with said project in excess of such maximum :,,mount shall not be considercd in determining the local grants-in-aid required for any other project in the same municipality. SEC. 3. The National Housing Act is amended by striking out the words by not to exceed 45 per centum in any geographical area where they appear in sections 207(c) (3), 213(b) (2), 220(d) (3) (B) (iii), 221(d) (3) (ii), 221(d) (4) (ii), 231(c) (2), and 234(e) (3) and insert- ing in lieu thereof in each such section the words by not to exceed 75 per centuin in any geographical area. SEC. 4. (a) The seventh sentence of section 221(f) of the National Housing Act is amended by striking out , but not more than 10 per centuni of the dwelling units in any such project shall be available for occupancy by such persons. (b) The proviso to subparagraph (C) of section 236(j) (5) of such Act is amended by striking out , but not more than 10 per centum of the dwelling units in any such project shall be available for occu- pancy by such persons. Mobile home loans. 12 USC 1703. 42 USC 1453, 1454. 12 USC 1713, 1715e, 17151, 17151 1715v, 171i. 12 USC 1715z-1. 89 STAT. 1027

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