Title 42 › CHAPTER 130 — NATIONAL AFFORDABLE HOUSING › SUBCHAPTER IV — HOPE FOR HOMEOWNERSHIP OF MULTIFAMILY AND SINGLE FAMILY HOMES › Part B — HOPE for Homeownership of Single Family Homes › § 12896
Defines key words used in this part. Applicant means a private nonprofit, a cooperative, or a public agency, including a public agency working with a nonprofit. Displaced homemaker and first-time homebuyer have the same meanings as in section 12704 of this title. Eligible family means a family or person whose income does not exceed 80 percent of the area median income as set by the Secretary (with adjustments for smaller and larger families) and who is a first-time homebuyer. Eligible property means a single-family property with no more than four units owned or held by federal agencies, the Resolution Trust Corporation, the FDIC, state or local governments (including in rem property), public housing agencies, or Indian housing authorities, but excludes public or Indian housing under the United States Housing Act of 1937 [42 U.S.C. 1437 et seq.] (properties held by institutions under the RTC are included). Homeownership program means a program for homeownership under this part. Indian housing authority, low-income family, and public housing agency have the meanings given in section 3(b)(11), 3(b)(2), and 3(b)(6) respectively of the United States Housing Act of 1937. Recipient means an approved applicant or another entity named in the approved application that will take on the recipient’s duties. Secretary means the Secretary of Housing and Urban Development. Single parent means a person who is unmarried or legally separated and who either has custody or joint custody of one or more minor children or is pregnant.
Full Legal Text
The Public Health and Welfare, Source: USLM XML via OLRC
Legislative History
Reference
Citation
42 U.S.C. § 12896
Title 42, The Public Health and Welfare
Last Updated
Sep 23, 2026
Release point: 119-110