2024 -- S 2763

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LC005622

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2024

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A N   A C T

RELATING TO TOWNS AND CITIES -- CITY HOUSING AUTHORITIES

     

     Introduced By: Senator Matthew L. LaMountain

     Date Introduced: March 08, 2024

     Referred To: Senate Housing & Municipal Government

     It is enacted by the General Assembly as follows:

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     SECTION 1. Chapter 45-25 of the General Laws entitled "City Housing Authorities" is

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hereby amended by adding thereto the following section:

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     45-25-15.2. Section 8 performance-based contract administration program.

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     (a) The Rhode Island housing and mortgage finance corporation is a public housing

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authority and public housing agency authorized to administer housing assistance programs

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throughout this state for the benefit of persons of low- or moderate-income, subject to the limited

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exception in § 45-25-15.1.

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     (b) Notwithstanding any other provision of law, no other person, public housing authority,

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or public housing agency, domestic or foreign, shall be authorized to administer allocations of

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money under 42 U.S.C.A. § 1437f, or other federal statute authorizing project-based rental

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subsidies under an annual contributions contract for the benefit of persons of low- or moderate-

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income, on a statewide basis within this state, or on a regional basis that includes this state, except:

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     (1) The Rhode Island housing and mortgage finance corporation;

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     (2) A person authorized to administer such allocations pursuant to an agreement with the

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Rhode Island housing and mortgage finance corporation; or

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     (3) An organization, of which the Rhode Island housing and mortgage finance corporation

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is a promoter, member, associate, owner, partner, manager, or other joint venturer, that is authorized

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by a federal agency to administer such allocations in this state.

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     (c) In addition to the powers granted by this chapter and chapter 55 of title 42, the Rhode

 

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Island housing and mortgage finance corporation shall have all the powers necessary or convenient

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for the administration of federal monies pursuant to subsection (b) of this section, including the

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power:

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     (1) To enter into one or more agreements for the administration of federal monies on a

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statewide basis;

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     (2) To be a promoter, partner, member, associate, owner, partner, manager, or other joint

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venturer of any partnership, limited liability company, joint venture, association, trust, or other

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organization;

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     (3) To conduct its activities, locate offices, and exercise the powers granted by this title

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within or outside this state, in compliance with all applicable laws;

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     (4) To carry on a business in the furtherance of its purposes; and

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     (5) To do all things necessary or convenient, consistent with law, to further the activities

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and affairs of the Rhode Island housing and mortgage finance corporation.

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO TOWNS AND CITIES -- CITY HOUSING AUTHORITIES

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     This act would grant sole authority to administer allocations of money under 42 USC §

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1437f, regarding low-income housing assistance, to the Rhode Island housing and mortgage finance

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corporation (RIHMFC) and related organizations and would spell out their powers in order to

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further the activities and affairs of RIHMFC.

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     This act would take effect upon passage.

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