Pennsylvania Statutes Title 7 P.S. Banks and Banking § 6020-150. Urban renewal loans

An insured association may grant or participate in a grant of mortgage loans within an urban renewal area as defined in subsection (a) of section 110  1 of the Housing Act of 1949 as amended, provided, such loans shall not exceed ninety percent of the fair market value of any type of improved property. An association may make investments in real property and obligations secured by liens on real property located within a geographic area or neighborhood receiving concentrated development assistance by a local government under Title I of the Housing and Community Development Act of 1974 (Public Law 93-383)  2 limited to not in excess of two percent of the assets of an association.