Section 1106-B. Low income turnkey/enhanced housing trust fund program established

There is hereby established within the housing  trust  fund
  corporation  a  low  income turnkey/enhanced housing trust fund program.
  Within  the  limit  of  funds  available  for  this   purpose   in   the
  turnkey/enhanced  housing  account, the corporation is hereby authorized
  to  enter  into  contracts  to  provide  grants  or  loans  to  eligible
  applicants for all or a portion of turnkey/enhanced rental project costs
  to construct or rehabilitate turnkey/enhanced rental projects subject to
  the   terms   and   conditions  of  this  article.  Upon  completion  of
  construction or rehabilitation of a turnkey/enhanced rental project,  an
  eligible  applicant  may, where appropriate, transfer such project to an
  eligible owner.