12 USC Ch. 42: Front Matter
Result 1 of 1
   
 
<< Previous   TITLE 12 / CHAPTER 42 / Front Matter   Next >>
 
12 USC Ch. 42: Front Matter
From Title 12-BANKS AND BANKINGCHAPTER 42-LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP
Jump To: Codification

CHAPTER 42-LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP

SUBCHAPTER I-PREPAYMENT OF MORTGAGES INSURED UNDER NATIONAL HOUSING ACT

Sec.
4101.
General prepayment limitation.
(a)
Prepayment and termination.
(b)
Foreclosure.
(c)
Effect of unauthorized prepayment.
4102.
Notice of intent.
(a)
Filing with Secretary.
(b)
Filing with State or local government, tenants, and mortgagee.
(c)
Ineligibility for filing.
4103.
Appraisal and preservation value of eligible low-income housing.
(a)
Appraisal.
(b)
Preservation value.
(c)
Guidelines.
4104.
Annual authorized return and preservation rents.
(a)
Annual authorized return.
(b)
Preservation rents.
4105.
Federal cost limits and limitations on plans of action.
(a)
Determination of relationship to Federal cost limits.
(b)
Limitations on action pursuant to Federal cost limits.
4106.
Information from Secretary.
(a)
Information to owners terminating affordability restrictions.
(b)
Information to owners extending low-income affordability restrictions.
(c)
Availability to tenants.
(d)
Second notice of intent.
4107.
Plan of action.
(a)
Submission to Secretary.
(b)
Contents.
(c)
Revisions.
4108.
Prepayment and voluntary termination.
(a)
Approval.
(b)
Standards and procedure for written findings.
(c)
Disapproval.
4109.
Incentives to extend low-income use.
(a)
Agreements by Secretary.
(b)
Permissible incentives.
4110.
Incentives for transfer to qualified purchasers.
(a)
In general.
(b)
Right of first offer to priority purchasers.
(c)
Right of refusal for other qualified purchasers.
(d)
Assistance.
4111.
Mandatory sale for housing exceeding Federal cost limits.
(a)
In general.
(b)
Right of first refusal to priority purchasers.
(c)
Right of refusal for other qualified purchasers.
(d)
Assistance.
4112.
Criteria for approval of plan of action involving incentives.
(a)
In general.
(b)
Implementation.
(c)
Determination of remaining useful life.
(d)
Housing standards.
4113.
Assistance for displaced tenants.
(a)
Section 1437f assistance.
(b)
Relocation assistance.
(c)
Continued occupancy.
(d)
Required acceptance of section 1437f assistance.
(e)
Regional pools.
(f)
Enhanced voucher assistance for certain tenants.
4114.
Permissible prepayment or voluntary termination and modification of commitments.
(a)
In general.
(b)
Section 1437f rental assistance.
4115.
Timetable for approval of plan of action.
(a)
Notification of deficiencies.
(b)
Notification of approval.
(c)
Delayed approval.
4116.
Resident homeownership program.
(a)
Formation of resident council.
(b)
Other program requirements and limitations.
4117.
Delegated responsibility to State agencies.
(a)
In general.
(b)
Approval.
(c)
Implementation agreements.
4118.
Consultations with other interested parties.
4119.
Definitions.
4120.
Notice to tenants.
4121.
Definitions of qualified and priority purchaser and related party rule.
(a)
Priority purchaser.
(b)
Qualified purchaser.
(c)
Related parties.
(d)
Management exception.
4122.
Preemption of State and local laws.
(a)
In general.
(b)
Effect.
4123.
Severability.
4124.
Authorization of appropriations.
(a)
In general.
(b)
Grants.
4125.
State preservation project assistance.
(1)
In general.
(2)
Section 1437f.
(3)
Restriction.

        

SUBCHAPTER II-TECHNICAL ASSISTANCE AND CAPACITY BUILDING

4141.
Authority.
4142.
Purposes.
4143.
Grants for building resident capacity and funding predevelopment costs.
(a)
In general.
(b)
Allocation.
(c)
Limitation on grant amounts.
(d)
Resident capacity grants.
(e)
Predevelopment grants.
(f)
Grant applications.
(g)
Appeal.
4144.
Grants for other purposes.
4145.
Delivery of assistance through intermediaries.
(a)
In general.
(b)
Selection of eligible intermediaries.
(c)
Conflicts of interest.
(d)
"Eligible intermediary" defined.
4146.
Definitions.
4147.
Funding.

        

Codification

Subtitles A and B of the Low-Income Housing Preservation and Resident Homeownership Act of 1990, Pub. L. 100–242, title II, as revised generally by Pub. L. 101–625, title VI, §601(a), Nov. 28, 1990, 104 Stat. 4249 , comprise subchapter I of this chapter. Prior to the general revision by Pub. L. 101–625 subtitles A and B (§§201–235) of the Emergency Low Income Housing Preservation Act of 1987, Pub. L. 100–242, title II, Feb. 5, 1988, 101 Stat. 1877 , as amended by Pub. L. 100–628, title X, §§1021–1027, Nov. 7, 1988, 102 Stat. 3270 , 3271; Pub. L. 101–235, title II, §§201, 202(a)–(c), 203(b), Dec. 15, 1989, 103 Stat. 2037 , 2038; Pub. L. 101–402, §1, Oct. 1, 1990, 104 Stat. 866 ; Pub. L. 101–494, §§1(c), 2(a), Oct. 31, 1990, 104 Stat. 1185 , were set out as a note under section 1715l of this title and amended section 1715z–6 of this title.

Subtitle C of the Low-Income Housing Preservation and Resident Homeownership Act of 1990, Pub. L. 100–242, title II, as added by Pub. L. 102–550, title III, §312, Oct. 28, 1992, 106 Stat. 3765 , comprises subchapter II of this chapter. Another subtitle C of title II of Pub. L. 100–242 amended sections 1472, 1485, and 1487 of Title 42, The Public Health and Welfare.

Chapter Referred to in Other Sections

This chapter is referred to in sections 1715z–1, 1715z–1b of this title; title 42 sections 1437n, 8107, 12742, 12877.