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Title 22 — Foreign Relations and IntercourseRelease 119-73

§2182 Authorization for worldwide shelter guarantees

Title 22 › Chapter CHAPTER 32— - FOREIGN ASSISTANCE › Subchapter SUBCHAPTER I— - INTERNATIONAL DEVELOPMENT › Part Part II— - Other Programs › Subpart subpart iii— - shelter and other credit guaranty programs › § 2182

Last updated Apr 6, 2026|Official source

Summary

The President may guarantee loans for shelter projects that meet the rules in section 2181. These guarantees protect eligible investors (those named in section 2198(c)) from losses on those loans. The total amount guaranteed and still outstanding at any time must not be more than $2,558,000,000. The authority to make these guarantees lasts through September 30, 1992. The President can make rules about the guarantee terms and which lenders can take part. The guaranteed projects focus on five kinds of activities, including better home sites for poor families, expandable core shelters, slum upgrading, demonstration or institution-building shelter projects for low-income people, and supporting community facilities. For projects that use or save energy, the President must consider solar and other renewable technologies (for example, solar hot water, solar heating and cooling, passive solar, biomass, photovoltaic, wind, and community solar systems). For fiscal years 1986 and 1987, the total guarantees must be similar to those made in fiscal year 1984, subject to the overall dollar limits and appropriations.

Full Legal Text

Title 22, §2182

Foreign Relations and Intercourse — Source: USLM XML via OLRC

(a)To carry out the policy of section 2181 of this title, the President is authorized to issue guaranties to eligible investors (as defined in section 2198(c) 11 See References in Text note below. of this title) assuring against losses incurred in connection with loans made for projects meeting the criteria set forth in section 2181 of this title. The total principal amount of guaranties issued under this subpart or heretofore issued under prior housing guaranty authorities, which are outstanding at any one time, shall not exceed $2,558,000,000. The authority of this section shall continue through September 30, 1992. The President may issue regulations from time to time with regard to the terms and conditions upon which such guaranties shall be issued and the eligibility of lenders.
(b)Activities carried out under this section shall emphasize—
(1)projects which provide improved home sites to poor families on which to build shelter, and related services;
(2)projects comprised of expandable core shelter units on serviced sites;
(3)slum upgrading projects designed to conserve and improve existing shelter;
(4)shelter projects for low-income people designed for demonstration or institution building purposes; and
(5)community facilities and services in support of projects authorized under this section to improve the shelter occupied by the poor.
(c)In issuing guaranties under this section with respect to projects in a country which require the use or conservation of energy, the President shall give consideration to the use of solar energy technologies, where such technologies are economically and technically feasible. Technologies which may be used include solar hot water systems, solar heating and cooling, passive solar heating, biomass conversion, photovoltaic and wind applications, and community-scale solar thermal applications.
(k)The total principal amount of guaranties issued under this section for each of the fiscal years 1986 and 1987 shall be comparable to the total principal amount of such guaranties issued for fiscal year 1984, subject to the dollar limitations on the issuance of guaranties under this section which are contained in subsection (a) and in appropriation Acts.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

section 2198(c) of this title, referred to in subsec. (a), was repealed by Pub. L. 115–254, div. F, title VI, § 1464(2), Oct. 5, 2018, 132 Stat. 3513. Codification Amendment by Pub. L. 98–473 is based on section 311(b) of H.R. 5119, Ninety-eighth Congress, as passed by the House of Representatives May 10, 1984, which was enacted into permanent law by Pub. L. 98–473.

Prior Provisions

A prior section 222 of Pub. L. 87–195, pt. I, Sept. 4, 1961, 75 Stat. 430, as amended by Pub. L. 87–565, pt. I, § 104(b), Aug. 1, 1962, 76 Stat. 257; Pub. L. 88–205, pt. I, § 104(b)–(f), Dec. 16, 1963, 77 Stat. 381, 382; Pub. L. 89–171, pt. I, § 104(c), Sept. 6, 1965, 79 Stat. 654; Pub. L. 89–583, pt. I, § 104(b), Sept. 19, 1966, 80 Stat. 798; Pub. L. 90–137, pt. I, § 104(b), Nov. 14, 1967, 81 Stat. 451, contained general provisions concerning foreign investment guaranties, prior to the general reorganization of this subpart by Pub. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 807.

Amendments

1990—Subsec. (a). Pub. L. 101–513 substituted “1992” for “1991”. Pub. L. 101–302 substituted “$2,558,000,000” for “$2,158,000,000”. 1989—Subsec. (a). Pub. L. 101–167 substituted “1991” for “1990”. 1987—Subsec. (a). Pub. L. 100–202 substituted “1990” for “1988”. 1985—Subsec. (a). Pub. L. 99–83, § 313(a), (b), substituted “$2,158,000,000” for “$1,958,000,000” and “1988” for “1986”. Subsec. (k). Pub. L. 99–83, § 313(c), added subsec. (k). 1984—Subsec. (a). Pub. L. 98–473 substituted “$1,958,000,000” for “$1,718,000,000” and “1986” for “1984”. 1981—Subsec. (a). Pub. L. 97–113 increased limitation on total principal amount of outstanding guarantees to $1,718,000,000 from $1,555,000,000 and extended termination date for exercise of guarantee authority to Sept. 30, 1984, from Sept. 30, 1982. 1979—Subsec. (a). Pub. L. 96–53 substituted “$1,555,000,000” for “$1,180,000,000”, and “through
September 30, 1982” for “until
September 30, 1980”. 1978—Pub. L. 95–424 amended section generally to provide a new consolidated section which provides a single authorization for the worldwide housing guarantee program, a new list of the types of programs to be emphasized, increased the worldwide authorization to $1,180,000,000, and encourages officials and governments in developing countries to consider the use of solar energy in housing projects. 1977—Subsec. (c). Pub. L. 95–88 inserted “or under section 2181 of this title” after “Latin American housing guaranty authority repealed by the Foreign Assistance Act of 1969” and substituted “$1,030,000,000” for “$600,000,000”. 1975—Subsec. (c). Pub. L. 94–161 substituted “$600,000,000” for “$550,000,000”.

Statutory Notes and Related Subsidiaries

Effective Date

of 1985 AmendmentAmendment by Pub. L. 99–83 effective Oct. 1, 1985, see section 1301 of Pub. L. 99–83, set out as a note under section 2151–1 of this title.

Effective Date

of 1979 AmendmentAmendment by Pub. L. 96–53 effective Oct. 1, 1979, see section 512(a) of Pub. L. 96–53, set out as a note under section 2151 of this title.

Effective Date

of 1978 AmendmentAmendment by Pub. L. 95–424 effective Oct. 1, 1978, see section 605 of Pub. L. 95–424, set out as a note under section 2151 of this title.

Executive Documents

Delegation of Functions For delegation of functions of President under this section, see Ex. Ord. No. 12163, Sept. 29, 1979, 44 F.R. 56673, as amended, set out as a note under section 2381 of this title.

Reference

Citations & Metadata

Citation

22 U.S.C. § 2182

Title 22 — Foreign Relations and Intercourse

Last Updated

Apr 6, 2026

Release point: 119-73