(b) PurposesThe purposes of the Office are:
(1)
to review and process applications under section 1472(c) of this title and section 1485(t) of this title related to the preservation of rural rental housing;
(4)
to monitor compliance of projects prepaid or receiving incentives under the Housing Act of 1949.
(July 15, 1949, ch. 338, title V, § 537, as added Pub. L. 102–550, title VII, § 712(c), Oct. 28, 1992, 106 Stat. 3841.)