42 U.S.C. § 1490r — Rural housing voucher program
submitted 77 years ago by Pub. L. 102-550 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 304 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
To such extent or in such amounts as are approved in appropriation Acts, the Secretary* shall carry out a rural housing voucher program to assist very low-income* families and persons to reside in rental housing in rural areas. For such purposes, the Secretary may provide assistance using a payment standard based on the fair market rental rate established by the Secretary for the area. The monthly assistance payment for any family shall be the amount by which the payment standard for the area exceeds 30 per centum of the family’s monthly adjusted income*, except that such monthly assistance payment shall not exceed the amount which the rent for the dwelling unit (including the amount allowed for utilities in the case of a unit with separate utility metering) exceeds 10 per centum of the family’s monthly gross income.
In carrying out the rural housing voucher program under this section, the Secretary shall—
coordinate activities under this section with activities assisted under sections 1485 and 1490m of this title; and
enter into contracts for assistance for not more than 5000 units in any fiscal year.
The Secretary may provide rural housing vouchers under this section for any low-income household (including those not receiving rental assistance) residing for a term longer than the remaining term of their lease that is in effect on the date of prepayment, foreclosure, or mortgage maturity, in a property financed with a loan under section 1484 or 1485 of this title or a grant under section 1486 of this title that has—
been prepaid with or without restrictions imposed by the Secretary pursuant to section 1472(c)(5)(G)(ii)(I) of this title;
been foreclosed; or
matured after September 30, 2005.
Source credit: (July 15, 1949, ch. 338, title V, § 542, as added Pub. L. 102–550, title VII, § 706(2), Oct. 28, 1992, 106 Stat. 3835; Pub. L. 119–101, title V, § 502(l), July 11, 2026, 140 Stat. 925.)
- 1949Enacted · Pub. L. 102-550 · 106 Stat. 3835
- 2026Amended · Pub. L. 119-101 · 140 Stat. 925
A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-550 on 1949-07-15.
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