PocketLaw | North Carolina General Statutes | Housing Authorities Law.

Housing Authorities Law.

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Title of Article.

Finding and declaration of necessity.

Definitions.

Notice, hearing and creation of authority; cancellation of certificate of incorporation.

Section
157-4.1

Alternative organization any city.

Section
157-4.1A

Alternative organization cities under 250,000 only.

Section
157-4.2

Authority budgeting and accounting systems as a part of city or county budgeting and accounting systems.

Appointment, qualifications and tenure of commissioners.

Duty of authority.

Interested commissioners or employees.

Removal of commissioners.

Powers of authority.

Section
157-9.1

Moderate income.

Section
157-9.2

Additional powers.

Section
157-9.3

Mixed income projects owned or operated by authorities.

Section
157-9.4

Multi-family rental housing projects.

Cooperation of authorities.

Eminent domain.

Acquisition of land for government.

Zoning and building laws.

Types of bonds authority may issue.

Form and sale of bonds.

Provisions of bonds, trust indentures, and mortgages.

Power to mortgage when project financed with governmental aid.

Section
157-17.1

Approval of mortgages by Local Government Commission; considerations; rules and regulations.

Remedies of an obligee of authority.

Additional remedies conferrable by mortgage or trust indenture.

Remedies cumulative.

Limitations on remedies of obligee.

Title obtained at foreclosure sale subject to agreement with government.

Contracts with federal government.

Security for funds deposited by authorities.

Housing bonds, legal investments and security.

Tax exemptions.

Section
157-26.1

Exemption from real estate licensure requirements.

Reports.

Restriction on right of eminent domain; right of appeal preserved; investigation by Utilities Commission.

Rentals; tenant selections; and summary ejectments.

Section
157-29.1

Fraudulent misrepresentation.

Creation and establishment validated.

Contracts, agreements, etc., validated.

Proceedings for issuance, etc., of bonds and notes validated.

Section
157-32.1

Other validation of creation, etc.

Section
157-32.2

Other validation of contracts, agreements, etc.

Section
157-32.3

Other validation of bonds and notes.

Section
157-32.4

Further validation of contracts, agreements, etc.

Notice, hearing and creation of authority for a county.

Commissioners and powers of authority for a county.

Creation of regional housing authority.

Commissioners of regional housing authority.

Powers of regional housing authority.

Rural housing projects.

Housing applications by farmers.

Section
157-39.1

Area of operation of city, county and regional housing authorities.

Section
157-39.2

Increasing area of operation of regional housing authority.

Section
157-39.3

Decreasing area of operation of regional housing authority.

Section
157-39.4

Requirements of public hearings.

Section
157-39.5

Consolidated housing authority.

Section
157-39.6

Findings required for authority to operate in municipality.

Section
157-39.7

Meetings and residence of commissioners.

Section
157-39.8

Agreement to sell as security for obligations to federal government.