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Title 42, The Public Health and WelfareRelease 119-110

§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 Sep 22, 2026|Official source

Summary

The Secretary must give any participating local government, if it asks, a list of properties owned or controlled by the Department of Housing and Urban Development (HUD) in that area. The list is meant to help buy, develop, or fix up those properties with help from this program. Eligible properties must be empty houses or apartment buildings that can be bought and rehabbed without forcing anyone to move. The appraised value must not be more than: for 1- to 4-family dwellings, 110 percent of the area’s median purchase price as set by the Secretary; for buildings with more than 4 units, the dollar limit in 12 U.S.C. 1715l(d)(3)(ii) for elevator-type structures.

Full Legal Text

Title 42, §12785

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

(a)In general
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)Eligible properties
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, 110 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.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2026—Subsec. (b)(2). Pub. L. 119–101 substituted “110 percent” for “95 percent”.

Reference

Citations & Metadata

Citation

42 U.S.C. § 12785

Title 42, The Public Health and Welfare

Last Updated

Sep 22, 2026

Release point: 119-110