Title 22, Foreign Relations and IntercourseRelease 119-110
§2182 Authorization for Worldwide Shelter Guarantees
Title 22 › CHAPTER 32 — FOREIGN ASSISTANCE › SUBCHAPTER I — INTERNATIONAL DEVELOPMENT › Part II — Other Programs › subpart iii — shelter and other credit guaranty programs › § 2182
Summary
The President can approve guarantees that protect eligible investors from losses on loans for projects that meet the housing goals in the law. All guarantees outstanding at any one time cannot be more than $2,558,000,000. This power lasts until September 30, 1992. The President may make rules about the guarantee terms and which lenders can qualify. Projects should focus on helping poor people get or improve shelter — for example, better home sites, expandable core housing on serviced lots, slum upgrading, demonstration or institution-building shelter projects for low-income people, and supporting community facilities and services. For projects that need or save energy, the President must consider solar and similar technologies where they are practical, including solar hot water, solar heating and cooling, passive solar, biomass conversion, photovoltaics, wind, and community-scale solar thermal. For fiscal years 1986 and 1987, total guarantees should be comparable to those in fiscal year 1984, but still within the $2,558,000,000 cap and any appropriation limits.
Full Legal Text
Title 22, §2182
Foreign Relations and Intercourse, Source: USLM XML via OLRC
(a)Authorization to issue guarantees to eligible investors
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) 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)Emphasis on certain activities
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)Use of solar energy technology
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)Minimum annual program levels
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
Sep 23, 2026
Release point: 119-110