Title 42 — The Public Health and WelfareRelease 119-73

§12785 REACH: asset recycling information dissemination

Title 42 › Chapter CHAPTER 130— - NATIONAL AFFORDABLE HOUSING › Subchapter SUBCHAPTER II— - INVESTMENT IN AFFORDABLE HOUSING › Part Part C— - Other Support for State and Local Housing Strategies › § 12785

Last updated Apr 6, 2026|Official source

Summary

The Secretary must give any participating jurisdiction, on request, a list of HUD-owned or HUD-controlled properties in that area to help buy, develop, or rehab those properties. Eligible properties are vacant single- or multi‑family homes that won’t force people to move and whose appraised value does not exceed 95 percent of the area median for 1‑ to 4‑family homes, or the dollar limit in 12 U.S.C. 1715l(d)(3)(ii) for buildings with more than four units.

Full Legal Text

Title 42, §12785

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

(a)The Secretary shall make available upon request by any participating jurisdiction a list of eligible properties that are located within the jurisdiction and that are owned or controlled by the Department of Housing and Urban Development to facilitate the purchase, development, or rehabilitation of such properties with assistance made available under this subchapter.

(b)An eligible property under this section shall—

(1)be an unoccupied single-family or multifamily dwelling, such that acquisition and rehabilitation of the dwelling would not result in the displacement of any residents of the dwelling; and

(2)have an appraised value that does not exceed (A) in the case of a 1- to 4-family dwelling, 95 percent of the median purchase price for the area for such dwellings, as determined by the Secretary, or (B) in the case of a dwelling with more than 4 units, the applicable maximum dollar amount limitation under section 1715l(d)(3)(ii) of title 12 for elevator-type structures.

Reference

Citations & Metadata

Citation

42 U.S.C. § 12785

Title 42 — The Public Health and Welfare

Last Updated

Apr 6, 2026

Release point: 119-73