12 USC Ch. 42: Front Matter
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12 USC Ch. 42: Front Matter
From Title 12-BANKS AND BANKINGCHAPTER 42-LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP
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CHAPTER 42-LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP

SUBCHAPTER I-PREPAYMENT OF MORTGAGES INSURED UNDER NATIONAL HOUSING ACT

Sec.
4101.
General prepayment limitation.
4102.
Notice of intent.
4103.
Appraisal and preservation value of eligible low-income housing.
4104.
Annual authorized return and preservation rents.
4105.
Federal cost limits and limitations on plans of action.
4106.
Information from Secretary.
4107.
Plan of action.
4108.
Prepayment and voluntary termination.
4109.
Incentives to extend low-income use.
4110.
Incentives for transfer to qualified purchasers.
4111.
Mandatory sale for housing exceeding Federal cost limits.
4112.
Criteria for approval of plan of action involving incentives.
4113.
Assistance for displaced tenants.
4114.
Permissible prepayment or voluntary termination and modification of commitments.
4115.
Timetable for approval of plan of action.
4116.
Resident homeownership program.
4117.
Delegated responsibility to State agencies.
4118.
Consultations with other interested parties.
4119.
Definitions.
4120.
Notice to tenants.
4121.
Definitions of qualified and priority purchaser and related party rule.
4122.
Preemption of State and local laws.
4123.
Severability.
4124.
Authorization of appropriations.
4125.
State preservation project assistance.

        

SUBCHAPTER II-TECHNICAL ASSISTANCE AND CAPACITY BUILDING

4141.
Authority.
4142.
Purposes.
4143.
Grants for building resident capacity and funding predevelopment costs.
4144.
Grants for other purposes.
4145.
Delivery of assistance through intermediaries.
4146.
Definitions.
4147.
Funding.

        

Editorial Notes

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.