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RESOLUTION APPROVING PARTICIPATION BY LOCAL HOUSING OWNERS IN THE FEDERAL RENT SUPPLEMENT PROGRAM
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WHEREAS, under the provisions of Section 101 of the Housing and Urban Development Act of 1965, the Secretary of Housing and Urban is authorized to enter into contracts to make rent supplement payment s to certain qualified housing owners on behalf of qualified low-income families who are elderly, handicapped, displaced, victims of natural disaster, or occupants os substandard housing; and
WHEREAS, the provisions of said Section 101 cannot be made available to housing owners in certain localities unless the governing body of the locality has by resolution given approval for such participation in the Federal Rent Supplement Program.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Jonesboro, Arkansas, as follows:
Approval is hereby granted for participation in the Federal Rent Supplement Program by Guaranty of Jonesboro, Inc., a qualified housing owner of property located in Jonesboro, Arkansas.
PASSED AND ADOPTED this 5th day of August, 1968.