§ 4230. Program requirements
(a)
Rents
(1)
Establishment
Subject to paragraph (2), as a condition to receiving grant amounts under this subchapter, the Director shall develop written policies governing rents and homebuyer payments charged for dwelling units assisted under this subchapter, including methods by which such rents and homebuyer payments are determined.
(b)
Maintenance and efficient operation
(1)
In general
The Director shall, using amounts of any grants received under this subchapter, reserve and use for operating under section
4229 of this title such amounts as may be necessary to provide for the continued maintenance and efficient operation of such housing.
(c)
Insurance coverage
As a condition to receiving grant amounts under this subchapter, the Director shall require adequate insurance coverage for housing units that are owned or operated or assisted with grant amounts provided under this subchapter.
(d)
Eligibility for admission
As a condition to receiving grant amounts under this subchapter, the Director shall develop written policies governing the eligibility, admission, and occupancy of families for housing assisted with grant amounts provided under this subchapter.
(e)
Management and maintenance
As a condition to receiving grant amounts under this subchapter, the Director shall develop policies governing the management and maintenance of housing assisted with grant amounts under this subchapter.