1106-B - Low income turnkey/enhanced housing trust fund program established.

§  1106-b.  Low  income  turnkey/enhanced  housing  trust fund program  established. There is hereby established within the housing  trust  fund  corporation  a  low  income turnkey/enhanced housing trust fund program.  Within  the  limit  of  funds  available  for  this   purpose   in   the  turnkey/enhanced  housing  account, the corporation is hereby authorized  to  enter  into  contracts  to  provide  grants  or  loans  to  eligible  applicants for all or a portion of turnkey/enhanced rental project costs  to construct or rehabilitate turnkey/enhanced rental projects subject to  the   terms   and   conditions  of  this  article.  Upon  completion  of  construction or rehabilitation of a turnkey/enhanced rental project,  an  eligible  applicant  may, where appropriate, transfer such project to an  eligible owner.