§ 16. The Department, with the approval of the Department of Commerce and Economic Opportunity
and the governing body of the municipality in which the redevelopment project is located,
may sell and convey not to exceed 15% of all the real property which is to be used
for residential purposes in the area or areas of a redevelopment project or projects
to a Housing Authority created under an Act entitled “An Act in relation to housing
authorities,” approved March 19, 1934, as amended, 1 having jurisdiction within the area of the redevelopment project or projects, to
provide housing projects pursuant to said last mentioned Act; provided the Department
of Commerce and Economic Opportunity determines that it is not practicable or feasible
to otherwise relocate eligible persons residing in the area of the redevelopment project
or projects in decent, safe and uncongested dwelling accommodations within their financial
reach, unless such a housing project is undertaken by the Housing Authority, and provided
further that first preference for occupancy in any such housing project developed
by the Housing Authority on such real property shall be granted to eligible persons
from the area included in the redevelopment project or projects that cannot otherwise
be relocated in decent, safe and uncongested dwelling accommodations within their
Any real property sold and conveyed to a Housing Authority pursuant to the provisions
of this Section shall be sold at its use value (which may be less than its acquisition
cost), which represents the value at which the Department determines such land should
be made available in order that it may be redeveloped for the purposes specified in
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