The class of housing developments to which the provisions of this subchapter shall apply and for which a service charge shall be paid in lieu of taxes shall be housing developments located east of Gratiot Avenue and north of North River Road in the Township of Clinton containing more than 150 dwelling units for persons of low income which are or were constructed with funds provided in the form of a mortgage loan insured by HUD under Section 236 of the National Housing Act of 1937 and are rehabilitated pursuant to an approved rehabilitation plan with funds provided in the form of a mortgage loan insured by HUD under Section 241 of the National Housing Act of 1937, and where all of the units in such housing development are occupied by tenants who are receiving assistance from HUD under Section 8 of the National Housing Act of 1937 at the time the rehabilitation is undertaken.
(Ord. 285. Passed 7-30-90.)