Title 42 — The Public Health and WelfareRelease 119-73not60
§12877 Exemption
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 › § 12877
Summary
Homes in an approved homeownership program are exempt from the Low‑Income Housing Preservation and Resident Homeownership Act of 1990 and from the rules in 12 U.S.C. 1701z–11.
Full Legal Text
Title 42, §12877
The Public Health and Welfare — Source: USLM XML via OLRC
Eligible property covered by a homeownership program approved under this part shall not be subject to—
(1)the Low-Income Housing Preservation and Resident Homeownership Act of 1990 [12 U.S.C. 4101 et seq.], or
(2)the requirements of section 1701z–11 of title 12 applicable to the sale of projects either at foreclosure or after acquisition by the Secretary.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
The Low-Income Housing Preservation and Resident Homeownership Act of 1990, referred to in par. (1), is title II of Pub. L. 100–242, as amended by Pub. L. 101–625, title VI, § 601(a), Nov. 28, 1990, 104 Stat. 4249, which is classified principally to chapter 42 (§ 4101 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see
Short Title
note set out under section 4101 of Title 12 and Tables.
Reference
Citations & Metadata
Citation
42 U.S.C. § 12877
Title 42 — The Public Health and Welfare
Last Updated
Apr 5, 2026
Release point: 119-73not60