[§201H-9]  Acquisition, use, and disposition
of property.  (a)  The corporation may acquire any real or personal
property or interest therein by purchase, exchange, gift, grant, lease, or
other means from any person or government to provide housing.  Exchange of real
property shall be in accordance with section 171-50.



(b)  The corporation may own or hold real
property.  All real property owned or held by the corporation shall be exempt
from mechanic's or materialman's liens and also from levy and sale by virtue of
an execution, and no execution or other judicial process shall issue against
the same nor shall any judgment against the corporation be a charge or lien
upon its real property; provided that this subsection shall not apply to or
limit the right of obligees to foreclose or otherwise enforce any mortgage of
the corporation or the right of obligees to pursue any remedies for the
enforcement of any pledge or lien given by the corporation on its rents, fees,
or revenues.  The corporation and its property shall be exempt from all taxes
and assessments.



(c)  The corporation may lease or rent all or a
portion of any housing project and establish and revise the rents or charges
therefor.  The corporation may sell, exchange, transfer, assign, or pledge any
property, real or personal, or any interest therein to any person or
government.



(d)  The corporation may insure or provide for
the insurance of its property or operations against risks as it deems
advisable. [L 2005, c 196, pt of §20; am L 2006, c 180, §15]