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Municipal Housing Law

Iowa · Municipal Housing Projects · §§ 403A.1 to 403A.9 · 26 sections

Overview

The act empowers municipalities to undertake housing projects, either directly or through a municipal housing agency, subject to a public hearing and defined limits on the powers that may be exercised. It authorizes such projects to acquire property, including by condemnation, to be operated on a not-for-profit basis, and to be financed by issuing bonds, with provisions governing the form and sale of bonds, trust indentures and mortgages, and the remedies available to bondholders. It also addresses tax treatment through exemption coupled with payments in lieu of taxes, sets terms for rents and tenant admission, and provides for cooperation with the federal government and among municipalities.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

Enacted in other states

New Mexico

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