§12774 — Title 42 The Public Health and Welfare | U.S. Code

Summary

Community housing development organizations that get program money must have a plan for tenant involvement in management and must use a fair lease and grievance process approved by the local government. They cannot receive more than the larger of 50 percent of their yearly operating budget or $50,000 in any fiscal year. The Secretary must count the help given under this program when adjusting other aid for the same project.

Title 42, §12774

The Public Health and Welfare — Source: USLM XML via OLRC

(a)A community housing development organization that receives assistance under this part shall provide a plan for and follow a program of tenant participation in management decisions and shall adhere to a fair lease and grievance procedure approved by the participating jurisdiction.

(b)A community housing development organization may not receive assistance under this subchapter for any fiscal year in an amount that provides more than 50 percent of the organization’s total operating budget in the fiscal year or $50,000 annually, whichever is greater.

(c)The Secretary shall take account of assistance provided to a project under this part when adjusting other assistance to be provided to the project as required by section 3545(d) of this title.

Notes & Related Subsidiaries

Editorial Notes

Amendments

1992—Subsec. (b). Pub. L. 102–550 struck out “, together with other Federal assistance,” after “in an amount that” and inserted before period “or $50,000 annually, whichever is greater”.

Statutory Notes and Related Subsidiaries

Effective Date

of 1992 AmendmentAmendment by Pub. L. 102–550 applicable to unexpended funds allocated under subchapter II of this chapter in fiscal year 1992, except as otherwise specifically provided, see section 223 of Pub. L. 102–550, set out as a note under section 12704 of this title.

§12774 Other requirements