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12 U.S.C. § 1715c — Annual report of Secretary
Federal law — U.S. Code and appendices · legal_authorities
The Secretary of Housing and Urban Development shall, as soon as practicable during each calendar year, make a report to the President for submission to the Congress on all operations and programs (including but not limited to the insurance, urban renewal, public housing, and rent supplement programs) under the jurisdiction of the Department of Housing and Urban Development during the previous calendar year. Such report shall contain recommendations for strengthening or improving such programs, or, when necessary to implement more effectively Congressional policies and purposes, for establishing new or alternative programs.
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Source file: Laws/federal/codes/united-states-code/title-12/section-1715c-annual-report-of-secretary--1788e7bc8c.md
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Source location: Title 12, Chapter 13, § 1715c; chapter-013-national-housing.md
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The Secretary of Housing and Urban Development shall, as soon as practicable during each calendar year, make a report to the President for submission to the Congress on all operations and programs (including but not limited to the insurance, urban renewal, public housing, and rent supplement programs) under the jurisdiction of the Department of Housing and Urban Development during the previous calendar year. Such report shall contain recommendations for strengthening or improving such programs, or, when necessary to implement more effectively Congressional policies and purposes, for establishing new or alternative programs.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Limitations; termination of certain commitments; requirements; discrimination against children** This subchapter is designed to supplement systems of mortgage insurance under other provisions of this chapter in order to assist in providing adequate housing in areas which the President, pursuant to [section 1591 of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1591&num=0&edition=prelim), shall have determined to be critical defense housing areas. The Secretary is authorized, upon application by the mortgagee, to insure under this section or [section 1750g of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1750g&num=0&edition=prelim) as hereinafter provided any mortgage 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: Provided, That the property covered by the mortgage is in an area which the President, pursuant to [section 1591 of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1591&num=0&edition=prelim), shall have determined to be a critical defense housing area, and that the total number of dwelling units in properties covered by mortgages insured under this subchapter in any such area does not exceed the number authorized by the Secretary of Housing and Urban Development from time to time as needed in such area for defense purposes and to be insured pursuant to this subchapter: Provided further, That in the event the Secretary has issued a commitment to insure a mortgage under this section, which commitment was in force and effect on June 1, 1953, and the Secretary determin
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1701z–11
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Projects insurable** In addition to mortgages insured under [section 1713 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1713&num=0&edition=prelim), the Secretary is authorized to insure mortgages as defined in [section 1713(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1713/a&num=0&edition=prelim) (including advances on such mortgages during construction), which cover property held by—
(1) a nonprofit cooperative ownership housing corporation or nonprofit cooperative ownership housing trust, the permanent occupancy of the dwellings of which is restricted to members of such corporation or to beneficiaries of such trust;
(2) a nonprofit corporation or nonprofit trust organized for the purpose of construction of homes for members of the corporation or for beneficiaries of the trust; or
(3) a mortgagor, approved by the Secretary which (A) has certified to the Secretary, as a condition of obtaining the insurance of a mortgage under this section, that upon completion of the property or project covered by such mortgage it intends to sell such property or project to a nonprofit corporation or nonprofit trust of the character described in paragraph (1) of this subsection at the actual cost of such property or project as certified pursuant to [section 1715r of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715r&num=0&edition=prelim) and will faithfully and diligently make and carry out all reasonable efforts to consummate such sale, and (B) shall be regulated or restricted by the Secretary as to rents, charges, capital structure, rate of return, and methods of operation during any period while it holds the mortgaged property or project; a
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1723b
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Purpose of section** The purpose of this section is to aid in the elimination of slums and blighted conditions and the prevention of the deterioration of residential property by supplementing the insurance of mortgages under sections 1709 and 1713 of this title with a system of loan and mortgage insurance designed to assist the financing required for the rehabilitation of existing dwelling accommodations and the construction of new dwelling accommodations where such dwelling accommodations are located in an area referred to in paragraph (1) of subsection (d) of this section.
**(b) Authorization** The Secretary is authorized, upon application by the mortgagee, to insure, as hereinafter provided, any mortgage (including advances during construction on mortgages covering property of the character described in paragraph (3)(B) of subsection (d) of this section) which is eligible for insurance as hereinafter provided, and, upon such terms and conditions as he may prescribe, to make commitments for the insurance of such mortgages prior to the date of their execution or disbursement thereon.
**(c) Definitions** As used in this section, the terms “mortgage”, “first mortgage”, “mortgagee”, “mortgagor”, “maturity date”, and “State” shall have the same meaning as in [section 1707 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1707&num=0&edition=prelim).
**(d) Eligibility for insurance; conditions; limits** To be eligible for insurance under this section a mortgage shall meet the following conditions:
(1) The mortgaged property shall—
(A) be located in (i) the area of a slum clearance and urban redevelopment project covered by a Federal-aid contract executed or a prior approval granted, pursuant to title I of the Housing Act
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1723i
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Projects covered** Notwithstanding any of the provisions of this chapter and without regard to limitations upon eligibility contained in any section or subchapter of this chapter, other than the limitation in [section 1709(g) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1709/g&num=0&edition=prelim), the Secretary is authorized, upon application by the mortgagee, to insure or make commitments to insure under any section or subchapter of this chapter any mortgage—
(1) executed in connection with the sale by the Government, or any agency or official thereof, of any housing acquired or constructed under Public Law 849, Seventy-sixth Congress, as amended; Public Law 781, Seventy-sixth Congress, as amended; or Public Laws 9, 73, or 353, Seventy-seventh Congress, as amended (including any property acquired, held, or constructed in connection with such housing or to serve the inhabitants thereof); or
(2) executed in connection with the sale by the Secretary of Housing and Urban Development, or by any public housing agency with the approval of the Secretary, of any housing (including any property acquired, held, or constructed in connection with such housing or to serve the inhabitants thereof) owned or financially assisted pursuant to the provisions of Public Law 671, Seventy-sixth Congress; or
(3) executed in connection with the sale by the Government, or any agency or official thereof, of any of the so-called Greenbelt towns, or parts thereof, including projects, or parts thereof, known as Greenhills, Ohio; Greenbelt, Maryland; and Greendale, Wisconsin, developed under the Emergency Relief Appropriation Act of 1935, or of any of the village properties or employee’s housing under the jurisdiction of Tennessee Valley Author
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1730f to 1730i
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authorization to insure; “supplemental loan” defined** With respect to a multifamily project, hospital, or group practice facility covered by a mortgage insured under any section or subchapter of this chapter or covered by a mortgage held by the Secretary, the Secretary is authorized, upon such terms and conditions as he may prescribe, to make commitments to insure, and to insure, supplemental loans (including advances during construction or improvement) made by financial institutions approved by the Secretary. As used in this section, “supplemental loan” means a loan, advance of credit, or purchase of an obligation representing a loan or advance of credit made for the purpose of financing improvements or additions to such project, hospital, or facility: Provided, That a loan involving a nursing home, hospital, or a group practice facility may also be made for the purpose of financing equipment to be used in the operation of such nursing home, hospital, or facility.
**(b) Eligibility for insurance** To be eligible for insurance under this section, a supplemental loan shall—
(1) be limited to 90 per centum of the amount which the Secretary estimates will be the value of such improvements, additions, and equipment, except that such amount when added to the outstanding balance of the mortgage covering the project or facility, shall not exceed the maximum mortgage amount insurable under the section or subchapter pursuant to which the mortgage covering such project or facility is insured or an amount acceptable to the Secretary;
(2) have a maturity satisfactory to the Secretary;
(3) bear interest at such rate as may be agreed upon by the borrower and the financial institution;
(4) be secured in such manner as the Secretary may require;
(5) be governed by the lab
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1735f–7a
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Federal law — U.S. Code and appendices · legal_authorities
Page 582
TITLE 12—BANKS AND BANKING
§ 1715a
count or accounts, as the Commissioner shall deter-
mine’’ for ‘‘shall be charged as a general expense of the
Fund, the Housing Fund, and the Defense Housing In-
surance Fund in such proportion as the Commissioner
shall determine’’.
1950—Act Apr. 20, 1950, substituted ‘‘Commissioner’’
for ‘‘Administrator’’ wherever appearing.
1941—Act Mar. 28, 1941, substituted ‘‘Fund, the Hous-
ing Fund, and the Defense Housing Insurance Fund’’ for
‘‘Fund and the Housing Fund’’.
1938—Act Feb. 3, 1938, inserted ‘‘and the Housing
Fund in such proportion as the Administrator shall de-
termine’’ after ‘‘Fund’’.
§ 1715a. Repealed. June 3, 1939, ch. 175, § 13, 53
Stat. 807
Section, act June 27, 1934, ch. 847, title II, § 210, as
added by act Feb. 3, 1938, ch. 13, § 3, 52 Stat. 22, related
to additional housing insurance.
Statutory Notes and Related Subsidiaries
APPLICATIONS PRIOR TO REPEAL
Act June 3, 1939, ch. 175, § 13, 53 Stat. 807, which re-
pealed this section, also provided: ‘‘That the Adminis-
trator is authorized to insure under said section [this
section] any mortgage for the insurance of which an ap-
plication has been filed with him prior to the effective
date of this act [June 3, 1939].’’
§ 1715b. Rules and regulations
The Secretary is authorized and directed to
make such rules and regulations as may be nec-
essary to carry out the provisions of this sub-
chapter.
(June 27, 1934, ch. 847, title II, § 211, as added Feb.
3, 1938, ch. 13, § 3, 52 Stat. 23; amended Apr. 20,
1950, ch. 94, title I, § 122, 64 Stat. 59; Pub. L. 90–19,
§ 1(a)(3), May 25, 1967, 81 Stat. 17.)
Editorial Notes
AMENDMENTS
1967—Pub. L. 90–19 substituted ‘‘Secretary’’ for ‘‘Com-
missioner’’.
1950—Act Apr. 20, 1950, substituted ‘‘Commissioner’’
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1715c
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