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12 U.S.C. § 4144 — Grants for other purposes
Federal law — U.S. Code and appendices · legal_authorities
The Secretary may provide grants under this subchapter—
(1) to resident-controlled or community-based nonprofit organizations with experience in resident education and organizing for the purpose of conducting community, city or county wide outreach and training programs to identify and organize residents of eligible low-income housing; and
(2) to State and local government agencies and nonprofit intermediaries for the purpose of carrying out such activities as the Secretary deems appropriate to further the preservation program established under this title.11 See References in Text note below.
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Source file: Laws/federal/codes/united-states-code/title-12/section-4144-grants-for-other-purposes--05fcfc5b42.md
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Source location: Title 12, Chapter 42, § 4144; chapter-042-low-income-housing-preservation-and-resident-homeownership.md
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The Secretary may provide grants under this subchapter—
(1) to resident-controlled or community-based nonprofit organizations with experience in resident education and organizing for the purpose of conducting community, city or county wide outreach and training programs to identify and organize residents of eligible low-income housing; and
(2) to State and local government agencies and nonprofit intermediaries for the purpose of carrying out such activities as the Secretary deems appropriate to further the preservation program established under this title.11 See References in Text note below.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Prepayment and termination** An owner of eligible low-income housing may prepay, and a mortgagee may accept prepayment of, a mortgage on such housing only in accordance with a plan of action approved by the Secretary under this subchapter or in accordance with [section 4114 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4114&num=0&edition=prelim). An insurance contract with respect to eligible low-income housing may be terminated pursuant to [section 1715t of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1715t&num=0&edition=prelim) only in accordance with a plan of action approved by the Secretary under this subchapter or in accordance with [section 4114 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4114&num=0&edition=prelim).
**(b) Foreclosure** A mortgagee may foreclose the mortgage on, or acquire by deed in lieu of foreclosure, any eligible low-income housing project only if the mortgagee also conveys title to the project to the Secretary in connection with a claim for insurance benefits.
**(c) Effect of unauthorized prepayment** Any prepayment of a mortgage on eligible low-income housing or termination of the mortgage insurance on such housing not in compliance with the provisions of this subchapter shall be null and void and any low-income affordability restrictions on the housing shall continue to apply to the housing.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The Secretary shall approve and disburse assistance under [section 4143 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4143&num=0&edition=prelim) through eligible intermediaries selected by the Secretary under subsection (b). If the Secretary does not receive an acceptable proposal from an intermediary offering to administer assistance under this section in a given State, the Secretary shall administer the program in such State directly.
**(b) Selection of eligible intermediaries**
(1) **In general** — The Secretary shall develop criteria to select eligible intermediaries, through a competitive process, to administer assistance under this subchapter. The process shall include provision for a reasonable administrative fee.
(2) **Priority** — With respect to all forms of grants available under [section 4143 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4143&num=0&edition=prelim), such criteria shall give priority to applications from eligible intermediaries with demonstrated expertise or experience with the program established under this title 11 See References in Text note below. or under the Emergency Low Income Housing Preservation Act of 1987.
(3) **Criteria** — The criteria developed under this subsection shall—
(A) not assign any preference or priority to applications from eligible intermediaries based on their previous participation in administering or receiving Federal grants or loans (but may exclude applicants who have failed to perform under prior contracts of a similar nature);
(B) require an applicant to prepare a proposal that demonstrates adequate staffing, qualifications, prior experience, and a plan for participation; and
(C) permit an
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4145
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Federal law — U.S. Code and appendices · legal_authorities
Page 1616
TITLE 12—BANKS AND BANKING
§ 4143
1 So in original. Probably should be ‘‘subsection’’.
1 See References in Text note below.
the Low-Income Housing Preservation and Resident
Homeownership Act of 1990, which is classified prin-
cipally to this chapter. For complete classification of
this Act to the Code, see Short Title note set out under
section 4101 of this title and Tables.
§ 4143. Grants for building resident capacity and
funding predevelopment costs
(a) In general
Assistance made available under this section
shall be used for direct assistance grants to resi-
dent organizations and community-based non-
profit housing developers and resident councils
to assist the acquisition of specific projects (in-
cluding the payment of reasonable administra-
tive expenses to participating intermediaries).
(b) Allocation
30 percent of the assistance made available
under this section shall be used for resident ca-
pacity grants in accordance with subsection (d).
The remainder shall be used for predevelopment
grants in connection with specific projects in ac-
cordance with subsection (e).
(c) Limitation on grant amounts
A resident capacity grant under subsection (d)
may not exceed $30,000 per project and a grant
under subsection (e) for predevelopment costs
may not exceed $200,000 per project, exclusive of
any fees paid to a participating intermediary by
the Secretary for administering the program.
(d) Resident capacity grants
(1) Use
Resident capacity grants under this sub-
section shall be available to eligible appli-
cants to cover expenses for resident outreach,
incorporation of a resident organization or
council,
conducting
democratic
elections,
training, leadership development, legal and
other technical assistance to the board of di-
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 4144
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