§4117 Delegated responsibility to State agencies

Summary

The Secretary must give a State housing agency some or all of the job of running this part of the law if the State sends a preservation plan the Secretary accepts. This is in addition to any duties already given under section 4103(c). The Secretary will decide how plans must be submitted. Approved plans can include things like an inventory of low‑income housing that will be eligible within 5 years; the agency’s experience with multifamily financing and restructuring; the staff and other resources it will use to process and monitor action plans; an independent review of housing performance; a certification that the activities match the State’s approved housing strategy under section 12705 of title 42; and any other information the Secretary needs. The Secretary may make agreements, including allowed incentives, to carry out an approved plan.