Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The Rhode Island housing and mortgage finance corporation is a public housing authority and public housing agency authorized to administer housing assistance programs throughout this state for the benefit of persons of low- or moderate-income, subject to the limited exception in § 45-25-15.1.
(b) Notwithstanding any other provision of law, no other person, public housing authority, or public housing agency, domestic or foreign, shall be authorized to administer allocations of money under 42 U.S.C. § 1437f, or other federal statute authorizing project-based rental subsidies under an annual contributions contract for the benefit of persons of low- or moderate-income, on a statewide basis within this state, or on a regional basis that includes this state, except:
(1) The Rhode Island housing and mortgage finance corporation;
(2) A person authorized to administer such allocations pursuant to an agreement with the Rhode Island housing and mortgage finance corporation; or
(3) An organization, of which the Rhode Island housing and mortgage finance corporation is a promoter, member, associate, owner, partner, manager, or other joint venturer, that is authorized by a federal agency to administer such allocations in this state.
(c) In addition to the powers granted by this chapter and chapter 55 of title 42, the Rhode Island housing and mortgage finance corporation shall have all the powers necessary or convenient for the administration of federal monies pursuant to subsection (b) of this section, including the power:
(1) To enter into one or more agreements for the administration of federal monies on a statewide basis;
(2) To be a promoter, partner, member, associate, owner, partner, manager, or other joint venturer of any partnership, limited liability company, joint venture, association, trust, or other organization;
(3) To conduct its activities, locate offices, and exercise the powers granted by this title within or outside this state, in compliance with all applicable laws;
(4) To carry on a business in the furtherance of its purposes; and
(5) To do all things necessary or convenient, consistent with law, to further the activities and affairs of the Rhode Island housing and mortgage finance corporation.
Cite this article: FindLaw.com - Rhode Island General Laws Title 45. Towns and Cities § 45-25-15.2. Section 8 performance-based contract administration program - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-45-towns-and-cities/ri-gen-laws-sect-45-25-15-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)