11-7-56. Purchase or lease of existing buildings in lieu of new construction for housing project. In order to conserve the existing housing supply, a commission is authorized to purchase or lease or otherwise acquire existing buildings for low-rent housing whenever this is feasible, in lieu of new construction. All provisions of this chapter relating to other low-rent housing projects shall be applicable to such projects.
Source: SL 1950 (SS), ch 13, § 17; SDC Supp 1960, § 45.3617.
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