§ 491. Purpose.  


Latest version.
  • The authority shall exist for the purpose of developing and promoting the development of decent, safe and sanitary housing and other community facilities in its area of operation for lease or sale to families and persons of limited income pursuant to the declaration of necessity set forth above.

    In no event, however, shall the authority be obliged to require that resales of individual residences which it shall have sold or on which it shall hold a mortgage or with respect to which it shall have indirectly provided a mortgage loan through a loan to a lender, be made only to a person or family of limited income, since any such resales to persons or families of more than limited income will also serve a broad housing purpose of this state and DeKalb County, namely, that of dispersing publicly assisted housing.

(Acts 1974, p. 2591, § 6; Acts 1975, p. 3053, § 10)