§ 45-33.1-1 - Rehabilitation loans.
SECTION 45-33.1-1
§ 45-33.1-1 Rehabilitation loans. –The various cities and towns and their respective redevelopment agencies areseverally authorized to make secured and unsecured loans with or withoutinterest to any one or more persons, partnerships, or corporations for thepurpose of making repairs, rehabilitation, or alterations to structures locatedwithin their respective communities. These loans may be made to bring thosestructures into compliance with their respective housing standards, or intocompliance with rehabilitation standards contained in any redevelopment planapproved pursuant to chapters 31 – 33 of this title, or to improve therespective structures, real estate, or neighborhoods. These loans may also bemade to state-chartered limited equity housing cooperatives.