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

(b)  The corporation may own or hold realproperty.  All real property owned or held by the corporation shall be exemptfrom mechanic's or materialman's liens and also from levy and sale by virtue ofan execution, and no execution or other judicial process shall issue againstthe same nor shall any judgment against the corporation be a charge or lienupon its real property; provided that this subsection shall not apply to orlimit the right of obligees to foreclose or otherwise enforce any mortgage ofthe corporation or the right of obligees to pursue any remedies for theenforcement 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 taxesand assessments.

(c)  The corporation may lease or rent all or aportion of any housing project and establish and revise the rents or chargestherefor.  The corporation may sell, exchange, transfer, assign, or pledge anyproperty, real or personal, or any interest therein to any person orgovernment.

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