42 U.S.C. § 12785 — REACH: asset recycling information dissemination

(a) In general: On request from any participating jurisdiction, the Secretary must provide a list of eligible properties in that jurisdiction that are owned or controlled by HUD, to help the jurisdiction buy, develop, or rehabilitate them with assistance under this subchapter. (b) Eligible properties: A property qualifies if it (1) is an unoccupied single-family or multifamily dwelling, so that buying and fixing it up would not displace anyone living there, and (2) has an appraised value that does not go over: (A) for a 1- to 4-family dwelling, 110% of the area's median purchase price for that kind of dwelling, as the Secretary determines, or (B) for a dwelling with more than 4 units, the applicable dollar limit under section 1715l(d)(3)(ii) of title 12 for elevator-type buildings.