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<br />. " <br /> <br />. <br />- <br /> <br />. <br /> <br />" <br /> <br />'. <br />. <br /> <br />. <br />'. <br /> <br />e <br /> <br />. <br />e <br /> <br />. <br /> <br />. ,.h retum (i) when the Government is satisfied that all defaults hav~ <br />been cured and that the Còntract will thereafter be administered in ac- <br />ooriance with its terms and the terms of this Annual Contributions Con- <br />, tract, or (11) when the Rouøing Asøistance P~nts Contract is at an <br />end, whichever occurs sooner. <br /> <br />(0) The provisions of this Section 1.11 are made with, and for <br />the benefit of, the OWner or his assignees who will have been specifi- <br />cally approved by the Government prior to such assignment. '1'0 enforce <br />the performance of this provision the OWner and such assignees, as well <br />&. the Local Authority, shall have the right to proceed against the <br />Qovernment by suit at law or in equity. . <br /> <br />. . . . . <br />1.12 Additional Provisions It is hereby expressly agreed that the <br />following provisions shall supersede any other oontraotual provisions <br />in oonflict therewith: . <br /> <br />(1) Under section 3(1) of the Act: <br /> <br />At least 20 percentum of the dwelling units in any project placed <br />under annual contributions contract after September 26', 191.5 shall <br />be occupied by very low-income families. <br /> <br />. . <br /> <br />(2) Under section 4(0.) of the Act: <br /> <br />(a) * * * such loans g. e., loans to public housing agencies to help <br />t1Dance or refinance the development, aC.!J,uiøition, or operation of low- <br />income hcusing projects by such agencie!j shall bear interest at a rate <br />specified by the Secretary which shall not be less than a. rate deter- <br />Idned by the Secretary of the Treasury- taking into consideration the <br />ourrent average market yield on outstanding marketable obligations of <br />the United States with remaining period to maturity comparable to the <br />average maturities of such loans, plus one-eighth of one per centum. * * * <br /> <br />(3) Under section 6(0.) of the Aot: <br /> <br />(a) * * * except in the case of housing predominantly for the elerly, <br />hiBh-rise elevator projects shall not be provided for families with, <br />ohUdren unless the Secretary makes a. determination that there is no <br />';,ractical alternative. <br /> <br />, (4) Under section 6(b) of the Act: <br /> <br />(b) * * * the cost of constructd.on and equipment of the project (exclud- <br />'big land, demolition, and nondwelling facilities) on which the computa- . <br />tion of any annual contributions under this Act ma:y be ba.sed shall not <br />exceed by more than 10 per oentum the appropriate prototype cost for the <br />area. * * * .' <br /> <br />(S) Under section 6(c) of the Act: <br /> <br />. (c) (1) the Secretary may require the public housing agency to review <br />and revise its maximum income limits if the Secretary determines that <br />changed conditions in the locality makes such revision necessary in <br />achieving the purpose of this Act: <br /> <br />(2) the public housing agency shall determine, and so certify to the <br />Seoretary, that each family in the project was admitted in accordance <br />with duly adopted regulations and approved income limits; and the pub- <br />, lic housing agency shall review the incomes of families living in the <br />~:project at intervals of two years (or at shorter intervals where the <br />Sçcretary deewo'it desirable); <br /> <br />" , <br /> <br />. <br /> <br />{'Co., <br /> <br />~ 0- - <br />. . .~. - - . <br /> <br />. .... . <br />~,... '-""'. . . - <br /> <br />6 <br />