PUBLIC LAW 95-557—OCT. 31, 1978
92 STAT. 2089
than other reasonable alternatives by which the Secretary can further the goals of— (1) preserving the housing units so that they can remain available to and affordable by low- and moderate-income families; (2) preserving and revitalizing residential neighborhoods; (3) maintaining the existing housing stock in a decent, safe, and sanitary condition; (4) minimizing the involuntary displacement of tenants; and (5) minimizing the need to demolish projects. The Secretary, in determining the manner by which a project shall be managed or disposed of, may balance competing goals relating to individual projects in a manner which will further the achievement of the overall purpose of this section. (b) The Secretary is authorized, in carrying out this section— (1) to dispose of a niultifamily housing project owned by the Secretary on a negotiated, competitive bid, or other basis, on such terms as the Secretary deems appropriate considering the lowand moderate-income character of the project and the requirements of subsection (a) of this section, to a purchaser determined by the Secretary to be capable of (A) satisfying the conditions of the disposition; (B) implementing a sound financial and physical management program; (C) responding to the needs of the tenants and working cooperatively with resident organizations; (D) providing adequate organizational, staff and financial resources to the project; and (E) meeting such other requirements as the Secretary may determine; and (2) to contract for management services for a multifamily housing project, owned by the Secretary, on a negotiated, competitive bid, or other basis at a price determined by the Secretary to be reasonable, with a manager the Secretary has determined is capable of (A) implementing a sound financial and physical management program, (B) responding to the needs of the tenants and working cooperatively with resident organizations, (C) providing adequate organizational, staff, and other resources to implement a management program determined by the Secretary, and (D) meeting such other requirements as the Secretary may determine. (e) Except where the Secretary has determined on a case-by-case basis that it would be clearly inappropriate, given the manner by which an individual project is to be managed or disposed of pursuant to subsection (a) of this section, the Secretary shall seek to— (1) maintain all occupied multifamily housing projects owned by the Secretary in a decent, safe, and sanitary condition; and (2) to the greatest extent possible, maintain full occupancy in all multifamily housing projects owned by the Secretary. (d)(1) Whenever tenants will be displaced as a result of the dis- Tenant position of, or repairs to, a multifamily housing project owned by the displacement, Secretary, the Secretary shall identify tenants who will be displaced, notification. and shall notify all such tenants of their pending displacement and of any relocation assistance which may be available. (2) The Secretary shall seek to assure the maximum opportunity for any such tenant— (A) to return, whenever possible, to a repaired unit; (B) to occupy a unit in another multifamily housing project owned by the Secretary; (C) to obtain housing assistance under the United States Housing Act of 1937; or 42 USC 1437 note.