Title 42 › Chapter CHAPTER 130— - NATIONAL AFFORDABLE HOUSING › Subchapter SUBCHAPTER IV— - HOPE FOR HOMEOWNERSHIP OF MULTIFAMILY AND SINGLE FAMILY HOMES › Part Part A— - HOPE for Homeownership of Multifamily Units › § 12876
Lists what key words mean for this part. Applicant — a group that can represent tenants, such as a resident management corporation set up under section 1437r, a resident council, a cooperative association, a public or private nonprofit, a public body, a public housing agency (including an Indian housing authority), or a mutual housing association. Eligible family — a tenant of the property when the Secretary approves an implementation grant, or a person or family with income at or below 80 percent of the area median income (with size adjustments). Eligible property — a multifamily rental building with 5 or more units that is owned or financed by the Secretary, found by the Secretary to have serious physical or financial problems under its programs, or owned by certain federal or state agencies. Homeownership program — a program for homeownership under this part. Indian housing authority — means what section 1437a(b)(11) says. Low-income family — means what section 1437a(b)(2) says. Public housing agency — means what section 1437a(b)(6) says. Recipient — an approved applicant getting a grant under this title or another entity named in the approved application that will take on the recipient’s duties. Resident council — a tenant-led nonprofit that represents tenants, has written election rules, and a democratically elected board. Secretary — the Secretary of Housing and Urban Development.
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The Public Health and Welfare — Source: USLM XML via OLRC
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Citation
42 U.S.C. § 12876
Title 42 — The Public Health and Welfare
Last Updated
Apr 6, 2026
Release point: 119-73