There is established within the Farmers Home Administration an Office of Rental Housing Preservation (hereafter in this section referred to as the “Office”). The Office shall be headed by a Director designated by the Secretary of Agriculture.
The purposes of the Office are:
(1) to review and process applications under section 1472(c) of this title and section 1485(t) of this title related to the preservation of rural rental housing;
(2) to provide technical or financial assistance to any other projects needing such assistance;
(3) to coordinate and direct all other activities related to the preservation of rural housing; and
(4) to monitor compliance of projects prepaid or receiving incentives under the Housing Act of 1949.
(July 15, 1949, ch. 338, title V, § 537, as added Pub. L. 102–550, title VII, § 712(c), Oct. 28, 1992, 106 Stat. 3841.)
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