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42 U.S.C. § 19501 — Increasing housing in opportunity zones

submitted this year by Pub. L. 119-101 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 84 words · no verdicts yet

in plain englishAI-generated · not legal advice

HUD may favor grant applicants building or fixing housing in opportunity zones. This applies to any competitive housing construction, rehab, or preservation grant.

(a) Covered grant defined. A "covered grant" is any competitive grant for building, changing, fixing up, or preserving housing, as the Secretary of Housing and Urban Development decides. (b) Priority. When deciding who gets a covered grant, the Secretary of Housing and Urban Development may give extra weight to applicants whose proposed projects are located in, or substantially and directly benefit, a community designated as a "qualified opportunity zone" under a separate tax law.
the actual law source: uscode.house.gov ↗public domain
(a) Covered grant defined

In this section, the term “covered grant” means any competitive grant relating to the construction, modification, rehabilitation, or preservation of housing, as determined by the Secretary of Housing and Urban Development.

(b) Priority

When awarding a covered grant, the Secretary of Housing and Urban Development may give additional weight to applicants with proposed activities or projects that are located in or substantially and directly benefit a community designated as a qualified opportunity zone under section 1400Z–1 of title 26.

Source credit: (Pub. L. 119–101, title II, § 201, July 11, 2026, 140 Stat. 859.)

history & why it existsrecord from the source credit
  • 2026Enacted · Pub. L. 119-101 · 140 Stat. 859

A history note hasn’t been published yet. The record shows enactment by Pub. L. 119-101 on 2026-07-11.

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