Title 42 — The Public Health and WelfareRelease 119-73not60
§12871 Program Authority
Title 42 › Chapter 130— NATIONAL AFFORDABLE HOUSING › Subchapter IV— HOPE FOR HOMEOWNERSHIP OF MULTIFAMILY AND SINGLE FAMILY HOMES › Part A— HOPE for Homeownership of Multifamily Units › § 12871
Summary
The Secretary may give planning grants to create homeownership programs and implementation grants to carry them out, and may reserve rental assistance under section 1437f so a nonpurchasing tenant living in the project at the time an implementation grant is approved can use it in another project.
Full Legal Text
Title 42, §12871
The Public Health and Welfare — Source: USLM XML via OLRC
(a)The Secretary is authorized to make—
(1)planning grants to enable applicants to develop homeownership programs; and
(2)implementation grants to enable applicants to carry out homeownership programs.
(b)In connection with a grant under this part, the Secretary may reserve authority to provide assistance under section 1437f of this title to the extent necessary to provide rental assistance for a nonpurchasing tenant who resides in the project on the date the Secretary approves the application for an implementation grant, for use by the tenant in another project.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
This part, referred to in subsec. (b), was in the original “this subtitle”, meaning subtitle B (§§ 421–431) of title IV of Pub. L. 101–625, Nov. 28, 1990, 104 Stat. 4162, which enacted this part and amended section 1709 of Title 12, Banks and Banking.
Amendments
1992—Subsec. (c). Pub. L. 102–550 struck out subsec. (c) which read as follows: “Authorization of Appropriations.—There is authorized to be appropriated for grants under this part $51,000,000 for fiscal year 1991 and $280,000,000 for fiscal year 1992. Any amounts appropriated pursuant to this subsection shall remain available until expended.”
Reference
Citations & Metadata
Citation
42 U.S.C. § 12871
Title 42 — The Public Health and Welfare
Last Updated
Apr 5, 2026
Release point: 119-73not60