### Question
How does the law define acquisition cost?


### Answer
Under *42 U.S.C. § 1437a*, **acquisition cost** is defined as:

> the amount prudently required to be expended by a public housing agency in acquiring property for a low-income housing project

#### Citation:
  - *42 U.S.C. § 1437a*
  - Heading: **CHAPTER 8-LOW-INCOME HOUSING > SUBCHAPTER I-GENERAL PROGRAM OF ASSISTED HOUSING**

