Title 42, The Public Health and WelfareRelease 119-102
§8102 Neighborhood Reinvestment Corporation
Title 42 › CHAPTER 90 — NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND REVITALIZATION › SUBCHAPTER I — NEIGHBORHOOD REINVESTMENT CORPORATION › § 8102
Full Legal Text
Title 42, §8102
The Public Health and Welfare, Source: USLM XML via OLRC
(a)There is established a Neighborhood Reinvestment Corporation (hereinafter referred to as the “corporation”) which shall be a body corporate and shall possess the powers, and shall be subject to the direction and limitations specified herein.
(b)The corporation shall implement and expand the demonstration activities carried out by the Urban Reinvestment Task Force.
(c)The corporation shall maintain its principal office in the District of Columbia or at such other place the corporation may from time to time prescribe.
(d)The corporation, including its franchise, activities, assets, and income, shall be exempt from all taxation now or hereafter imposed by the United States, by any territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority, except that any real property of the corporation shall be subject to State, territorial, county, municipal, or local taxation to the same extent according to its value as other real property is taxed.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1980—Subsec. (a). Pub. L. 96–399 struck out “National” before “Neighborhood”.
Reference
Citations & Metadata
Citation
42 U.S.C. § 8102
Title 42, The Public Health and Welfare
Last Updated
Aug 21, 2026
Release point: 119-102