209d

The Executive Director of the Virgin Islands Housing Finance Authority with the approval of the Governor is authorized with respect to the sale of emergency housing units:\nto issue certificates of eligibility as provided in sections 209a-209h of this title; to fix the purchase price which shall be fair and reasonable taking into consideration among other factors the cost of the land, the cost of construction and depreciation which has occurred; to apply the rents, paid by the eligible occupant on the unit that he is purchasing, to the purchase price; to issue rules and regulations to implement the purpose of sections 209a-209h of this title; to execute deeds of conveyance in accordance with the provisions of sections 209a-209h of this title.