Title 42 — The Public Health and WelfareRelease 119-73not60

§12785 Reach: Asset Recycling Information Dissemination

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

Last updated Apr 5, 2026|Official source

Summary

The Secretary of Housing and Urban Development must give any participating jurisdiction, when it asks, a list of HUD-owned properties in that area. The list is meant to help the jurisdiction buy, develop, or repair those properties using funds under this program. A property is eligible if it is empty and is a single-family or multi-family dwelling that can be bought and fixed without moving anyone out. Its appraised value must be no more than: for 1- to 4-family homes, 95 percent of the area’s median purchase price (as set by the Secretary); for buildings with more than 4 units, the dollar limit in section 1715l(d)(3)(ii) of title 12.

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 5, 2026

Release point: 119-73not60