42 U.S.C. § 12871 — Program authority

submitted 36 years ago by Pub. L. 101-625 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 96 words · no verdicts yet

in plain englishAI-generated · not legal advice

The Secretary may give planning grants for designing homeownership programs. The Secretary may also give implementation grants to carry them out. Non-purchasing tenants can get reserved rental assistance to use elsewhere.

(a) In general: The Secretary may make (1) planning grants, so applicants can develop homeownership programs, and (2) implementation grants, so applicants can carry those programs out. (b) Authority to reserve housing assistance: With an implementation grant, the Secretary may reserve the authority to provide section 1437f rental assistance, as needed, for a tenant who does not buy their unit but still lives in the project on the date the Secretary approves the implementation grant application — so that tenant can use the assistance in another project.

the actual law source: uscode.house.gov ↗public domain

(a) In general

The Secretary is authorized to make—

(1)

planning grants to enable applicants to develop homeownership programs; and

(2)

implementation grants to enable applicants to carry out homeownership programs.

(b) Authority to reserve housing assistance

In connection with a grant under this part, the Secretary may reserve authority to provide assistance under section 1437f of this title to the extent necessary to provide rental assistance for a nonpurchasing tenant who resides in the project on the date the Secretary approves the application for an implementation grant, for use by the tenant in another project.

Source credit: (Pub. L. 101–625, title IV, § 421, Nov. 28, 1990, 104 Stat. 4162; Pub. L. 102–550, title I, § 181(a)(2)(B)(i), Oct. 28, 1992, 106 Stat. 3735.)

history & why it existsrecord from the source credit

1990Enacted · Pub. L. 101-625 · 104 Stat. 4162
1992Amended · Pub. L. 102-550 · 106 Stat. 3735

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-625 on 1990-11-28.

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