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 › § 12876
Defines key words used in this part. Applicant — one of seven types of groups that can represent tenants, such as resident management corporations, resident councils, cooperatives, public or private nonprofits, public bodies (including agencies), public housing agencies (including Indian housing authorities), and mutual housing associations. Eligible family — a tenant when an implementation grant is approved, or anyone with income at or below 80 percent of the area median income as set by the Secretary, with family-size adjustments. Eligible property — a multifamily rental building with five or more units that meets certain federal ownership, financing, or trouble conditions. Homeownership program — a home-buying program under this part. Indian housing authority, low-income family, and public housing agency — have the meanings in sections 1437a(b)(11), 1437a(b)(2), and 1437a(b)(6). Recipient — an approved applicant getting a grant, or another entity named in the approved application that will take on the recipient’s duties. Resident council — an incorporated nonprofit that represents tenants, holds regular officer elections, and has a democratically elected tenant board. Secretary — the Secretary of Housing and Urban Development.
Full Legal Text
The Public Health and Welfare, Source: USLM XML via OLRC
Legislative History
Reference
Citation
42 U.S.C. § 12876
Title 42, The Public Health and Welfare
Last Updated
Sep 23, 2026
Release point: 119-110