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42 U.S.C. § 5319 — Community participation in programs
Federal law — U.S. Code and appendices · legal_authorities
No community shall be barred from participating in any program authorized under this chapter solely on the basis of population, except as expressly authorized by statute.
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Source location: Title 42, Chapter 69, § 5319; chapter-069-community-development.md
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No community shall be barred from participating in any program authorized under this chapter solely on the basis of population, except as expressly authorized by statute.
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Federal law — U.S. Code and appendices · legal_authorities
The Secretary shall transfer all assets and liabilities of the fund established pursuant to section 717 of the Housing and Urban Development Act of 1970, as amended ([42 U.S.C. 4518](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section4518&num=0&edition=prelim)), to the Revolving fund (liquidating programs) established pursuant to title II of the Independent Offices Appropriation Act, 1955, as amended ([12 U.S.C. 1701g–5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701g-5&num=0&edition=prelim)).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authorization** The Secretary is authorized, upon application by the mortgagee, to insure as hereinafter provided any mortgage offered to him which is eligible for insurance as hereinafter provided, and, upon such terms as the Secretary may prescribe, to make commitments for the insuring of such mortgages prior to the date of their execution or disbursement thereon.
**(b) Eligibility for insurance; mortgage limits** To be eligible for insurance under this section a mortgage shall comply with the following:
(1) Have been made to, and be held by, a mortgagee approved by the Secretary as responsible and able to service the mortgage properly.
(2) Involve a principal obligation (including such initial service charges, appraisal, inspection, and other fees as the Secretary shall approve) in an amount—
(A) not to exceed the lesser of—
(i) in the case of a 1-family residence, 115 percent of the median 1-family house price in the area, as determined by the Secretary; and in the case of a 2-, 3-, or 4-family residence, the percentage of such median price that bears the same ratio to such median price as the dollar amount limitation determined under the sixth sentence of [section 1454(a)(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1454/a/2&num=0&edition=prelim) for a 2-, 3-, or 4-family residence, respectively, bears to the dollar amount limitation determined under such section for a 1-family residence; or
(ii) 150 percent of the dollar amount limitation determined under the sixth sentence of such section 1454(a)(2) for a residence of applicable size;
except that the dollar amount limitation in effect under this subparagraph for any size residence for any area may not be less than the greater of: (I) the d
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Federal law — U.S. Code and appendices · legal_authorities
Page 6546
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 5319
1 See References in Text note below.
Subsec. (b)(2). Pub. L. 102–550, § 832(b)(2), (g)(2), struck
out ‘‘demonstration’’ before ‘‘program.’’ and sub-
stituted ‘‘For fiscal year 1993 and thereafter, not more
than 50 percent’’ for ‘‘Not more than 30 per centum’’.
Subsec. (b)(3)(B). Pub. L. 102–550, § 832(f)(2)(A), struck
out ‘‘and’’ at end.
Subsec. (b)(3)(C). Pub. L. 102–550, § 832(f)(2)(B), sub-
stituted ‘‘, especially in cooperation with a neighbor-
hood development funding organization, except that an
eligible neighborhood development organization shall
be deemed to have the full benefit of the cooperation of
a neighborhood development funding organization if
the eligible neighborhood development organization—’’
and cls. (i) and (ii) for period at end.
Subsec. (b)(3)(D). Pub. L. 102–550, § 832(f)(2)(C), added
subpar. (D).
Subsec. (c)(3). Pub. L. 102–550, § 832(f)(3), inserted be-
fore semicolon ‘‘and by the extent of participation in
the proposed activities by a neighborhood development
funding organization that has a branch or office in the
neighborhood, except that an eligible neighborhood de-
velopment organization shall be deemed to have the
full benefit of the participation of a neighborhood de-
velopment funding organization if the eligible neigh-
borhood development organization—’’ and subpars. (A)
and (B).
Subsec. (e)(1). Pub. L. 102–550, § 832(f)(4), inserted
‘‘, and from neighborhood development funding organi-
zations,’’ after ‘‘neighborhood’’.
Subsec. (e)(3). Pub. L. 102–550, § 832(b)(4), inserted be-
fore period ‘‘, except that, if appropriations for this
section exceed $3,000,000, the Secretary may pay not
more than $75,000 to any participating neighborhood de-
velopment organi
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 5319
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