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12 U.S.C. § 1715o — Economic opportunities for low- and very low-income persons

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1715o — Economic opportunities for low- and very low-income persons

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Stable record: federal_law:legal_authorities:record_usc_55f86cb37ebdd0ab72789911
Source file: Laws/federal/codes/united-states-code/title-12/section-1715o-economic-opportunities-for-low-and-very-low-income-persons--ef9c74ad30.md
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Source location: Title 12, Chapter 13, § 1715o; chapter-013-national-housing.md

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**(a) Findings** The Congress finds that— (1) Federal housing and community development programs provide State and local governments and other recipients of Federal financial assistance with substantial funds for projects and activities that produce significant employment and other economic opportunities; (2) low- and very low-income persons, especially recipients of government assistance for housing, often have restricted access to employment and other economic opportunities; (3) the employment and other economic opportunities generated by projects and activities that receive Federal housing and community development assistance offer an effective means of empowering low- and very low-income persons, particularly persons who are recipients of government assistance for housing; and (4) prior Federal efforts to direct employment and other economic opportunities generated by Federal housing and community development programs to low- and very low-income persons have not been fully effective and should be intensified. **(b) Policy** It is the policy of the Congress and the purpose of this section to ensure that the employment and other economic opportunities generated by Federal financial assistance for housing and community development programs shall, to the greatest extent feasible, be directed toward low- and very low-income persons, particularly those who are recipients of government assistance for housing. **(c) Employment** (1) **Public and Indian housing program** (A) *In general* — The Secretary shall require that public and Indian housing agencies, and their contractors and subcontractors, make their best efforts, consistent with existing Federal, State, and local laws and regulations, to give to low- and very low-income persons the training and employment opportunities generated by development assistance provided pursuant to [section 1437c of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437c&num=0&edition=prelim), operating assistance provided pursuant to [section 1437g of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437g&num=0&edition=prelim), and modernization grants provided pursuant to section 1437l of title 42.11 See References in Text note below. (B) *Priority* — The efforts required under subparagraph (A) shall be directed in the following order of priority: (i) To residents of the housing developments for which the assistance is expended. (ii) To residents of other developments managed by the public or Indian housing agency that is expending the assistance. (iii) To participants in YouthBuild programs receiving assistance under [section 3226 of title 29](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section3226&num=0&edition=prelim). (iv) To other low- and very low-income persons residing within the metropolitan area (or nonmetropolitan county) in which the assistance is expended. (2) **Other programs** (A) *In general* — In other programs that provide housing and community development assistance, the Secretary shall ensure that, to the greatest extent feasible, and consistent with existing Federal, State, and local laws and regulations, opportunities for training and employment arising in connection with a housing rehabilitation (including reduction and abatement of lead-based paint hazards), housing construction, or other public construction project are given to low- and very low-income persons residing within the metropolitan area (or nonmetropolitan county) in which the project is located. (B) *Priority* — Where feasible, priority should be given to low- and very low-income persons residing within the service area of the project or the neighborhood in which the project is located and to participants in YouthBuild programs receiving assistance under [section 3226 of title 29](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section3226&num=0&edition=prelim). **(d) Contracting** (1) **Public and Indian housing program** (A) *In general* — The Secretary shall require that public and Indian housing agencies, and their contractors and subcontractors, make their best efforts, consistent with existing Federal, State, and local laws and regulations, to award contracts for work to be performed in connection with development assistance provided pursuant to [section 1437c of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437c&num=0&edition=prelim), operating assistance provided pursuant to [section 1437g of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437g&num=0&edition=prelim), and modernization grants provided pursuant to section 1437l of title 42,1 to business concerns that provide economic opportunities for low- and very low-income persons. (B) *Priority* — The efforts required under subparagraph (A) shall be directed in the following order of priority: (i) To business concerns that provide economic opportunities for residents of the housing development for which the assistance is provided. (ii) To business concerns that provide economic opportunities for residents of other housing developments operated by the public and Indian housing agency that is providing the assistance. (iii) To YouthBuild programs receiving assistance under [section 3226 of title 29](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section3226&num=0&edition=prelim). (iv) To business concerns that provide economic opportunities for low- and very low-income persons residing within the metropolitan area (or nonmetropolitan county) in which the assistance is provided. (2) **Other programs** (A) *In general* — In providing housing and community development assistance pursuant to other programs, the Secretary shall ensure that, to the greatest extent feasible, and consistent with existing Federal, State, and local laws and regulations, contracts awarded for work to be performed in connection with a housing rehabilitation (including reduction and abatement of lead-based paint hazards), housing construction, or other public construction project are given to business concerns that provide economic opportunities for low- and very low-income persons residing within the metropolitan area (or nonmetropolitan county) in which the assistance is expended. (B) *Priority* — Where feasible, priority should be given to business concerns which provide economic opportunities for low- and very low-income persons residing within the service area of the project or the neighborhood in which the project is located and to YouthBuild programs receiving assistance under [section 3226 of title 29](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title29-section3226&num=0&edition=prelim). **(e) Definitions** For the purposes of this section the following definitions shall apply: (1) **Low- and very low-income persons** — The terms “low-income persons” and “very low-income persons” have the same meanings given the terms “low-income families” and “very low-income families”, respectively, in [section 1437a(b)(2) of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437a/b/2&num=0&edition=prelim). (2) **Business concern that provides economic opportunities** — The term “a business concern that provides economic opportunities” means a business concern that— (A) provides economic opportunities for a class of persons that has a majority controlling interest in the business; (B) employs a substantial number of such persons; or (C) meets such other criteria as the Secretary may establish. **(f) Coordination with other Federal agencies** The Secretary shall consult with the Secretary of Labor, the Secretary of Health and Human Services, the Secretary of Commerce, the Administrator of the Small Business Administration, and such other Federal agencies as the Secretary determines are necessary to carry out this section. **(g) Regulations** Not later than 180 days after October 28, 1992, the Secretary shall promulgate regulations to implement this section.

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 1437g — Repealed. Pub. L. 90–448, title XVII, § 1719(b), Aug. 1, 1968, 82 Stat. 610

### Statutory Notes Section, act Sept. 1, 1937, ch. 896, § 17, 50 Stat. 897, related to capital stock of the Authority. #### Retirement of Capital Stock Pub. L. 90–448, title XVII, § 1719(b), Aug. 1, 1968, 82 Stat. 610, provided in part that the capital stock referred to in this section be retired and the sum of $1,000,000 represented by such stock returned to the Treasury of the United States.

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 1437g

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Federal law — U.S. Code and appendices · legal_authorities

25 U.S.C. § 4183 — Reports to Congress

**(a) In general** Not later than 90 days after the conclusion of each fiscal year in which assistance under this chapter is made available, the Secretary shall submit to the Congress a report that contains— (1) a description of the progress made in accomplishing the objectives of this chapter; (2) a summary of the use of funds available under this chapter during the preceding fiscal year; and (3) a description of the aggregate outstanding loan guarantees under subchapter VI. **(b) Related reports** The Secretary may require recipients of grant amounts under this chapter to submit to the Secretary such reports and other information as may be necessary in order for the Secretary to make the report required by subsection (a).

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 12870 — Repealed. Pub. L. 109–281, § 2(e), Sept. 22, 2006, 120 Stat. 1181

### Statutory Notes Section 12899, Pub. L. 101–625, title IV, § 451, as added Pub. L. 102–550, title I, § 164, Oct. 28, 1992, 106 Stat. 3723, set forth the statement of purpose of this part. Section 12899a, Pub. L. 101–625, title IV, § 452, as added Pub. L. 102–550, title I, § 164, Oct. 28, 1992, 106 Stat. 3723, authorized the Secretary to make planning and implementation grants. Section 12899b, Pub. L. 101–625, title IV, § 453, as added Pub. L. 102–550, title I, § 164, Oct. 28, 1992, 106 Stat. 3723, related to planning grants. Section 12899c, Pub. L. 101–625, title IV, § 454, as added Pub. L. 102–550, title I, § 164, Oct. 28, 1992, 106 Stat. 3725; amended Pub. L. 105–277, div. A, § 101(f) [title VIII, § 405(d)(43)(A), (f)(34)], Oct. 21, 1998, 112 Stat. 2681–337, 2681–428, 2681–434, related to implementation grants. Section 12899d, Pub. L. 101–625, title IV, § 455, as added Pub. L. 102–550, title I, § 164, Oct. 28, 1992, 106 Stat. 3728; amended Pub. L. 105–276, title V, § 514(a)(2)(B), Oct. 21, 1998, 112 Stat. 2547; Pub. L. 106–400, § 2, Oct. 30, 2000, 114 Stat. 1675, set forth Youthbuild program requirements. Section 12899e, Pub. L. 101–625, title IV, § 456, as added Pub. L. 102–550, title I, § 164, Oct. 28, 1992, 106 Stat. 3730; amended Pub. L. 105–277, div. A, § 101(f) [title VIII, § 405(d)(43)(B)], Oct. 21, 1998, 112 Stat. 2681–337, 2681–428, set forth additional program requirements. Section 12899f, Pub. L. 101–625, title IV, § 457, as added Pub. L. 102–550, title I, § 164, Oct. 28, 1992, 106 Stat. 3731; amended Pub. L. 103–382, title III, § 394(d), Oct. 20, 1994, 108 Stat. 4027; Pub. L. 105–244, title I, § 102(a)(13)(M), Oct. 7, 1998, 112 Stat. 1621; Pub. L. 106–400, § 2, Oct. 30, 2000, 114 Stat. 1675; Pub. L. 109–136, § 5, Dec. 22, 2005, 119 Stat. 2644, de

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 12870

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Federal law — U.S. Code and appendices · legal_authorities

29 U.S.C. § 3226 — National dislocated worker grants

**(a) Definitions** In this section: (1) **Emergency or disaster** — The term “emergency or disaster” means— (A) an emergency or a major disaster, as defined in paragraphs (1) and (2), respectively, of [section 5122 of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section5122&num=0&edition=prelim); or (B) an emergency or disaster situation of national significance that could result in a potentially large loss of employment, as declared or otherwise recognized by the chief official of a Federal agency with authority for or jurisdiction over the Federal response to the emergency or disaster situation. (2) **Disaster area** — The term “disaster area” means an area that has suffered or in which has occurred an emergency or disaster. **(b) In general** (1) **Grants** — The Secretary is authorized to award national dislocated worker grants— (A) to an entity described in subsection (c)(1)(B) to provide employment and training assistance to workers affected by major economic dislocations, such as plant closures, mass layoffs, or closures and realignments of military installations; (B) to provide assistance to— (i) the Governor of any State within the boundaries of which is a disaster area, to provide disaster relief employment in the disaster area; or (ii) the Governor of any State to which a substantial number of workers from an area in which an emergency or disaster has been declared or otherwise recognized have relocated; (C) to provide additional assistance to a State board or local board for eligible dislocated workers in a case in which the State board or local board has expended the funds provided under this section to carry out activities described in subparagraphs (A) and (B) and can demonstrate the need for

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Federal law — U.S. Code and appendices · legal_authorities

42 U.S.C. § 1437c — Expenses of uncompensated advisers serving United States Housing Authority away from home

On and after May 10, 1939, the funds made available for administrative expenses of the United States Housing Authority shall be available for the payment, when specifically authorized by the Administrator, of actual transportation expenses and not to exceed $10 per diem in lieu of subsistence and other expenses to persons serving, while away from their homes, without other compensation from the United States, in an advisory capacity to the Authority.

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Federal law — U.S. Code and appendices · legal_authorities

29 U.S.C. § 3101 — Reduction of reporting burdens and requirements

In order to simplify reporting requirements and reduce reporting burdens, the Secretary of Labor, the Secretary of Education, and the Secretary of Health and Human Services shall establish procedures and criteria under which a State board and local board may reduce reporting burdens and requirements under this Act (including the amendments made by this Act).

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1715o — Interest rate on debentures; method of

Page 632 TITLE 12—BANKS AND BANKING § 1715o 1 So in original. to ensure mortgages under such section 223(d) with re- spect to healthcare facilities— ‘‘(1) insured under section 232 or section 242 of the National Housing Act (12 U.S.C. 1715w, 1715z–7); ‘‘(2) that were financially sound immediately prior to the President’s March 13, 2020 Proclamation on De- claring a National Emergency Concerning the Novel Coronavirus Disease (COVID–19) Outbreak [Proc. No. 9994, 50 U.S.C. 1621 note]; ‘‘(3) that have exhausted all other forms of assist- ance; and ‘‘(4) subject to— ‘‘(A) the limitation for new commitments to guarantee loans insured under the General and Spe- cial Risk Insurance Funds under the heading ‘Gen- eral and Special Risk Program Account’ for fiscal years 2020 and 2021; and ‘‘(B) the underwriting parameters and other terms and conditions that the Secretary determines appropriate through guidance. ‘‘(c) AMOUNT OF LOAN.—After all other realized or rea- sonably anticipated assistance (including reimburse- ments, loans, or other payments from other Federal sources) are taken into account, a loan insured under subsection (b) shall be in an amount not exceeding the lesser of— ‘‘(1) the temporary losses or additional expenses in- curred or expected to be incurred by the healthcare facility as a result of the impact of the circumstances giving rise to the President’s March 13, 2020 Procla- mation on Declaring a National Emergency Con- cerning the Novel Coronavirus Disease (COVID–19) Outbreak; or ‘‘(2) the amount expected to be needed to cover the sum of— ‘‘(A) 1 year of principal and interest payments for the existing loans of the healthcare facility insured by the Secretary; ‘‘(B) 1 year of principal and interest payments for the loan pursuant to

Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1715o

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