Rhode Island § 34-45-7 - Preservation of Federally Insured or Assisted Housing
Full text of Rhode Island Rhode Island General Laws § 34-45-7 — Preservation of Federally Insured or Assisted Housing, with citation guidance and answers to common questions.
§ 34-45-7. Preservation of Federally Insured or Assisted Housing
R.I. Gen. Laws § 34-45-7
§ 34-45-7. Opportunity to purchase.
No owner shall:
(1) Sell, lease, or otherwise dispose of, or prepay any obligation secured by, a federally insured or assisted development in a manner which would result in either:
(i) A discontinuance of the use of the development as a federally insured or assisted housing development or a development that was federally insured or assisted within the preceding two year period, or
(ii) Cause the termination of any use restrictions which apply to the development, or
(2) Record a declaration of condominium, pursuant to chapter 36.1 of this title, with respect to all or any portion of a federally insured or assisted development, or
(3) Terminate any contract subject to the provisions of § 34-45-5 of this chapter unless he or she shall have first provided each of the persons and entities listed below an opportunity to purchase the development at a price and upon terms which represent a bona fide offer to sell, in compliance with the provisions of § 34-45-8. The persons and entities to whom such an opportunity to purchase shall be provided are:
(i) The tenant association of the development,
(ii) The corporation,
(iii) The housing authority of the city or town in which the development is located, and
(iv) The municipal government of the city or town in which the development is located.
History of Section.
P.L. 1988, ch. 508, § 1; P.L. 1989, ch. 493, §§ 1, 4; P.L. 2006, ch. 267, § 1; P.L.
2006, ch. 295, § 1.
Source: official Rhode Island text · Last verified 2026-08-27
Frequently Asked Questions About Rhode Island § 34-45-7
What does Rhode Island General Laws § 34-45-7 cover?
Section 34-45-7 ("Preservation of Federally Insured or Assisted Housing") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 34-45-7?
A common citation format is "Rhode Island General Laws § 34-45-7" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 34-45-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.