Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
854 — Puerto Rico Law | CourtGPT
  1. Home/
  2. Laws/
  3. Puerto Rico/
  4. Title Seventeen - Housing (§§ 1 — 1546)/
  5. Chapter 29 - Subsidies on Interest and Mortgage Guarantees § 851 - Subsidies Authorized; Guidelines/
  6. 854
Puerto Rico Legal Code

854

Ask AI about this
The Secretary of Housing shall have the faculty to extend the mortgage-interest subsidy to the families who acquire a dwelling by a contract of sale which has been acquired from the previous owner by the Department of Housing or the Housing Bank and Finance Agency due to default of the mortgage contract, or when by payment in kind, surrender their homes because it is impossible to fulfill their contracted obligations, or for other reasons. The families to whom these dwellings are sold must be eligible for the benefits of §§ 851—856 of this title. History —June 1, 1979, No. 58, p. 119, added as § 3A on June 3, 1982, No. 33, p. 72, § 3.