§ 45-25-35.1 - Powers of authority.

SECTION 45-25-35.1

   § 45-25-35.1  Powers of authority. –The authority:

   (1) May participate in any state or federal programs of lowand moderate income housing assistance and community development; and

   (2) For this purpose may:

   (i) Enter into and perform a contract or agreement with thestate, the United States, or a federal agency;

   (ii) Develop or operate a housing project if approval byordinance or resolution is obtained from the governing body and chief electedofficial of the local jurisdiction where the housing project is located;

   (iii) Act as a public housing agency within the meaning ofthe federal law and as an authority within the meaning of state law; and

   (iv) Do anything necessary or convenient for itsparticipation.