[§201H‑58]  Leases; self-help housing. 
(a)  The [corporation] may lease parcels that it deems suitable for affordable
housing at $1 per year for up to fifty years to organizations or community
trusts to develop the parcel with ownership units through self-help
development.



(b)  The [corporation] may extend or modify the
fixed rental period of the lease or extend the term of the lease.



(c)  Parcels leased under this section may be
transferred or assigned by devise, bequest, or intestate succession, and may be
sublet with the approval of the [corporation]. [L 2006, c 179, §4]