### Question
How does HOUSING RENOVATION AND MODERNIZATION define preservation?


### Answer
Under *12 U.S.C. § 1703*, **preservation** is defined as:

> restoration or rehabilitation undertaken for such purposes as are approved by the Secretary in regulations issued by him, after consulting with the Secretary of the Interior

#### Citation:
  - *12 U.S.C. § 1703*
  - Heading: **CHAPTER 13-NATIONAL HOUSING > SUBCHAPTER I-HOUSING RENOVATION AND MODERNIZATION**

