To be eligible to receive rent supplement payments, the owner of the multifamily project may be a nonprofit, limited distribution, or a profit motivated entity. The project may be financed by, but not limited to, one of the following ways:
(a) By a mortgage under any section of the United States Housing Act.
(b) By federal, state or local assistance through tax exemptions or credits if the project is approved by the Mayor for receiving rent supplement payments.
(Added by Ord. 290-72, App. 10/10/72; amended by Ord. 243-00, File No. 001309, App. 10/27/2000)