Statute 268 759

To carry out a community development program, a city may provide payments for: 1. Loss of rental income by housing owners where the loss results from temporarily holding real property used to relocate individuals and families displaced by the community development program. 2. The nonfederal share required in connection with a federal grant-in-aid program undertaken as part of the community development program. 3. Completion and financial settlement of a project funded under the federal Housing Act of 1949