Title 12, Banks and BankingRelease 119-102
§1747c Rent Schedules
Title 12 › CHAPTER 13 — NATIONAL HOUSING › SUBCHAPTER VII — INSURANCE FOR INVESTMENTS IN RENTAL HOUSING FOR FAMILIES OF MODERATE INCOME › § 1747c
Summary
The Secretary must approve rent schedules for units in projects insured under this law, and investors may not charge more than the latest approved rents. Before approving any schedule, the Secretary must find that the rents will both cover operating costs, annual amortization, and the minimum return, and are not higher than needed for families of moderate income.
Full Legal Text
Title 12, §1747c
Banks and Banking, Source: USLM XML via OLRC
The Secretary shall require that the rents for the dwellings in any project insured under this subchapter shall be established in accordance with a rent schedule approved by the Secretary, and that the investor shall not charge or collect rents for any dwellings in the project in excess of the appropriate rents therefor as shown in the latest rent schedule approved pursuant to this section. Prior to approving the initial or any subsequent rent schedule pursuant to this section, the Secretary shall find that such schedule affords reasonable assurance that the rents to be established thereunder are (1) not lower than necessary, together with all other income to be derived from or in connection with the project, to produce reasonably stable revenues sufficient to provide for the payment of the operating expenses, the minimum annual amortization charge, and the minimum annual return; and (2) not higher than necessary to meet the need for dwellings for families of moderate income.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1967—Pub. L. 90–19 substituted “Secretary” for “Commissioner” wherever appearing. 1950—Act Apr. 20, 1950, substituted “Commissioner” for “Administrator” wherever appearing.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1747c
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102