Section 11-7-57 - Conditions required for purchase or lease of existing buildings for housing project Before proceeding with a project under § 11-7-56 a commission shall make an analysis demonstrating:
(1) The buildings to be acquired shall be in such condition that it is feasible to remodel, repair, or reconstruct them and the buildings, when rehabilitated will provide decent, safe, and sanitary housing;(2) The rehabilitation of the buildings comprising the project will prevent or arrest the spread of blight so as to protect the neighborhood in which the buildings are located;(3) The rehabilitated buildings will provide low-rent housing and will otherwise accomplish the purposes of this chapter. SL 1950 (SS), ch 13, § 17; SDC Supp 1960, § 45.3617.