12 U.S.C. § 1701z–3 — Experimental housing allowance payment program
submitted 56 years ago by Pub. L. 91-609 to r/title-12-BANKS-AND-BANKING · 242 words · no verdicts yet
This section authorizes experimental housing-allowance programs for rental and homeownership expenses. It sets end dates, permits administrative contracts, preserves limited assistance for certain homeowners, and requires a report.
(a) The Secretary may experimentally demonstrate whether housing-allowance payments can help families pay rental or homeownership expenses. (b)(1) No housing-allowance payments may be made after July 1, 1985. After January 1, 1975, the Secretary may not make contracts under the United States Housing Act of 1937 for this section’s purposes, but may contract with public or private agencies for related administrative work. (2) Despite paragraph (1), subject to appropriations, the Secretary must extend annual-contributions contracts for the experimental housing-allowance supply program through September 30, 1989, on the original terms, solely to assist homeowners participating on June 1, 1983. The Secretary may use section 5(c) authority for the extensions to the extent appropriated. (c) No later than 18 months after August 22, 1974, the Secretary must report findings under this section to Congress.
The Secretary is authorized to undertake on an experimental basis programs to demonstrate the feasibility of providing housing allowance payments to assist families in meeting rental or homeownership expenses.
No housing allowance payments shall be made after July 1, 1985. After January 1, 1975, the Secretary shall not enter into contracts under the United States Housing Act of 1937 [42 U.S.C. 1437 et seq.] to carry out the purposes of this section. The Secretary may contract with public or private agencies for the performance of administrative functions in connection with the programs authorized by this section.
Notwithstanding the provisions of paragraph (1), the Secretary shall, to the extent approved in appropriation Acts, extend the annual contributions contracts for the experimental housing allowance supply program through September 30, 1989, on the same terms and conditions as the original contracts, for the sole purpose of providing assistance for homeowners participating in such program on June 1, 1983. In extending such contracts, the Secretary may, to the extent approved in appropriation Acts, use authority available under section 5(c) of the United States Housing Act of 1937 [42 U.S.C. 1437c(c)].
The Secretary shall report to the Congress on his findings pursuant to this section not later than eighteen months after August 22, 1974.
Source credit: (Pub. L. 91–609, title V, § 504, Dec. 31, 1970, 84 Stat. 1786; Pub. L. 93–383, title VIII, § 804, Aug. 22, 1974, 88 Stat. 725; Pub. L. 94–375, § 23(b), Aug. 3, 1976, 90 Stat. 1078; Pub. L. 98–35, § 6(a), May 26, 1983, 97 Stat. 198.)
- 1970Enacted · Pub. L. 91-609 · 84 Stat. 1786
- 1974Amended · Pub. L. 93-383 · 88 Stat. 725
- 1976Amended · Pub. L. 94-375 · 90 Stat. 1078
- 1983Amended · Pub. L. 98-35 · 97 Stat. 198
A history note hasn’t been published yet. The record shows enactment by Pub. L. 91-609 on 1970-12-31.
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