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42 U.S.C. § 12721 — Labor
Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** Any contract for the construction of affordable housing with 12 or more units assisted with funds made available under this part shall contain a provision requiring that not less than the wages prevailing in the locality, as predetermined by the Secretary of Labor pursuant to sections 3141–3144, 3146, and 3147 of title 40, shall be paid to all laborers and mechanics employed in the development of affordable housing involved, and participating jurisdictions shall require certification as to compliance with the provisions of this section prior to making any payment under such contract.
**(b) Waiver** Subsection (a) shall not apply if the individual receives no compensation or is paid expenses, reasonable benefits, or a nominal fee to perform the services for which the individual volunteered and such persons are not otherwise employed at any time in the construction work.
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 12721
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Stable record: federal_law:legal_authorities:record_usc_c3f756f0b9034547908d665e
Source file: Laws/federal/codes/united-states-code/title-42/section-12721-labor--8aa6f6d7b2.md
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Source location: Title 42, Chapter 130, § 12721; chapter-130-national-affordable-housing.md
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**(a) In general** Any contract for the construction of affordable housing with 12 or more units assisted with funds made available under this part shall contain a provision requiring that not less than the wages prevailing in the locality, as predetermined by the Secretary of Labor pursuant to sections 3141–3144, 3146, and 3147 of title 40, shall be paid to all laborers and mechanics employed in the development of affordable housing involved, and participating jurisdictions shall require certification as to compliance with the provisions of this section prior to making any payment under such contract.
**(b) Waiver** Subsection (a) shall not apply if the individual receives no compensation or is paid expenses, reasonable benefits, or a nominal fee to perform the services for which the individual volunteered and such persons are not otherwise employed at any time in the construction work.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Purpose** The purposes of this section are to provide assistance to restore or maintain the financial soundness, to assist in the improvement of the management, to permit capital improvements to be made to maintain certain projects as decent, safe, and sanitary housing, and to maintain the low- to moderate-income character of certain projects assisted or approved for assistance under the National Housing Act [[12 U.S.C. 1701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701&num=0&edition=prelim) et seq.], the United States Housing Act of 1937 [[42 U.S.C. 1437](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437&num=0&edition=prelim) et seq.], the Housing Act of 1959, or the Housing and Urban Development Act of 1965, without regard to whether such projects are insured under the National Housing Act.
**(b) Availability of financial assistance** The Secretary of Housing and Urban Development (hereinafter referred to in this section as the “Secretary”) may make available, and contract to make available, to such extent and in such amounts as may be approved in appropriation Acts, financial assistance to owners of rental or cooperative housing projects meeting the requirements of this section. Such assistance shall be made on an annual basis and in accordance with the provisions of this section, without regard to whether such projects are insured under the National Housing Act [[12 U.S.C. 1701](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701&num=0&edition=prelim) et seq.].
**(c) Eligibility for financial assistance** A rental or cooperative housing project is eligible for assistance under this section only if such project—
(1)
(A) is assisted under section 236 [[12 U.S.C.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1735f
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Purpose** The purpose of this section is to provide homeownership and rental housing opportunities for very low-income, low-income, and moderate-income families.
**(b) Funding and limitations of program**
(1) **Duration of program** — The provisions of this section shall be effective, subject to the provisions of paragraph (2), only during the 3-year period beginning upon the commencement of the first fiscal year for which amounts are provided pursuant to paragraph (2)(A).
(2) **Annual fiscal limitations**
(A) *In general* — In each fiscal year during the 3-year period referred to in paragraph (1), the provisions of this section shall apply only—
(i) to such extent or in such amounts as are provided in appropriations Acts for any losses resulting during the fiscal year from the sale of properties under this section, except that such amounts for losses may not exceed $30,000,000 in any fiscal year; and
(ii) to the extent that amounts are provided in appropriations Acts pursuant to subparagraph (C) for any other costs relating to the program under this section.
(B) *Definition of losses* — For purposes of this paragraph, the amount of losses resulting from the sale of properties under this section during any fiscal year shall be the amount equal to the sum of any affordable housing discounts reasonably anticipated to accrue during the fiscal year.
(C) *Authorization of appropriations* — There are authorized to be appropriated, for each fiscal year during the 3-year period referred to in paragraph (1), such sums as may be necessary for any costs of the program under this section other than losses resulting from the sale of properties under this section.
(D) *Other definitions* — For purposes of this paragraph:
(i) *Affordable housing dis
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1831q
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Determination of credits for increases in community enterprise activities**
(1) **In general** — The Community Enterprise Assessment Credit Board established under subsection (d) shall issue guidelines for insured depository institutions eligible under this subsection for any community enterprise assessment credit with respect to any semiannual period. Such guidelines shall—
(A) designate the eligibility requirements for any institution meeting applicable capital standards to receive an assessment credit under [section 1817(b)(7) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1817/b/7&num=0&edition=prelim); and
(B) determine the community enterprise assessment credit available to any eligible institution under paragraph (3).
(2) **Qualifying activities** — An insured depository institution may apply for for 11 So in original. any community enterprise assessment credit for any semiannual period for—
(A) the amount, during such period, of new originations of qualified loans and other assistance provided for low- and moderate-income persons in distressed communities, or enterprises integrally involved with such neighborhoods, which the Board determines are qualified to be taken into account for purposes of this subsection;
(B) the amount, during such period, of deposits accepted from persons domiciled in the distressed community, at any office of the institution (including any branch) located in any qualified distressed community, and new originations of any loans and other financial assistance made within that community, except that in no case shall the credit for deposits at any institution or branch exceed the credit for loans and other financial assistance by the bank or branch in the distressed community;
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1834a
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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.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4101
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment and purpose**
(1) **In general** — The Secretary of Housing and Urban Development (in this section referred to as the “Secretary”) shall establish and manage a Housing Trust Fund, which shall be funded with amounts allocated by the enterprises under [section 4567 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4567&num=0&edition=prelim) and any amounts as are or may be appropriated, transferred, or credited to such Housing Trust Fund under any other provisions of law. The purpose of the Housing Trust Fund under this section is to provide grants to States (as such term is defined in [section 4502 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4502&num=0&edition=prelim)) for use—
(A) to increase and preserve the supply of rental housing for extremely low- and very low-income families, including homeless families; and
(B) to increase homeownership for extremely low- and very low-income families.
(2) **Federal assistance** — For purposes of the application of Federal civil rights laws, all assistance provided from the Housing Trust Fund shall be considered Federal financial assistance.
**(b) Allocations for HOPE bond payments**
(1) **In general** — Notwithstanding subsection (c), to help address the mortgage crisis, of the amounts allocated pursuant to clauses (i) and (ii) of [section 4567(a)(1)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4567/a/1/B&num=0&edition=prelim) and clauses (i) and (ii) of [section 4567(a)(2)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4567/a/2/B&num=0&edition=prelim) in excess of amounts described in [section 4567(e) of this title](ht
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 4582
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Existing rights and duties** Except as provided in sections 4181 and 4182 of this title, this chapter may not be construed to affect the validity of any right, duty, or obligation of the United States or other person arising under or pursuant to any commitment or agreement lawfully entered into before October 1, 1997, under the United States Housing Act of 1937 [[42 U.S.C. 1437](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437&num=0&edition=prelim) et seq.], subtitle D of title IV of the Cranston-Gonzalez National Affordable Housing Act [[42 U.S.C. 12899](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12899&num=0&edition=prelim) et seq.],11 See References in Text note below. title II of the Cranston-Gonzalez National Affordable Housing Act [[42 U.S.C. 12721](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12721&num=0&edition=prelim) et seq.], title IV of the McKinney-Vento Homeless Assistance Act [[42 U.S.C. 11360](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section11360&num=0&edition=prelim) et seq.], or section 2 of the HUD Demonstration Act of 1993.
**(b) Obligations under repealed provisions** Notwithstanding the amendments made by this subchapter, any obligation of the Secretary made under or pursuant to title II of the Cranston-Gonzalez National Affordable Housing Act [[42 U.S.C. 12721](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12721&num=0&edition=prelim) et seq.], title IV of the McKinney-Vento Homeless Assistance Act [[42 U.S.C. 11360](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section11360&num=0&edition=prelim) et seq.], or section 2 of the HUD Demonstration Act of 1993 shall continu
Source: Supplied U.S. Code snapshot — release unconfirmed · 25 U.S.C. § 4193
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Federal law — U.S. Code and appendices · legal_authorities
Nothing in this chapter or an amendment made by this chapter prohibits or prevents any participating jurisdiction (within the meaning of the HOME Investment Partnerships Act ([42 U.S.C. 12721](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12721&num=0&edition=prelim) et seq.)) from providing any amounts made available to the participating jurisdiction under that Act ([42 U.S.C. 12721](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12721&num=0&edition=prelim) et seq.) to an Indian tribe or a tribally designated housing entity for use in accordance with that Act ([42 U.S.C. 12721](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12721&num=0&edition=prelim) et seq.).
Source: Supplied U.S. Code snapshot — release unconfirmed · 25 U.S.C. § 4194
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Federal law — U.S. Code and appendices · legal_authorities
For purposes of this subpart—
(1) the term “assisted housing” means housing assisted—
(A) under sections 11 So in original. Probably should be “section”. 1715e, 1715k, 1715l(d)(3), 1715l(d)(4), 1715n(e), 1715v, or 1715z–1 of title 12;
(B) under [section 1701s of title 12](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701s&num=0&edition=prelim);
(C) under [section 1701q of title 12](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701q&num=0&edition=prelim);
(D) under section 811 of the Cranston-Gonzales 22 So in original. Probably should be “Cranston-Gonzalez”. National Affordable Housing Act ([42 U.S.C. 8013](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section8013&num=0&edition=prelim));
(E) under title II of the Cranston-Gonzales 2 National Affordable Housing Act [[42 U.S.C. 12721](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12721&num=0&edition=prelim) et seq.];
(F) under subtitle D of title VIII of the Cranston-Gonzalez National Affordable Housing Act ([42 U.S.C. 12901](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12901&num=0&edition=prelim) et seq.);
(G) under title I of the Housing and Community Development Act of 1974 ([42 U.S.C. 5301](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section5301&num=0&edition=prelim) et seq.); or
(H) under [section 1437f of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437f&num=0&edition=prelim);
(2) the term “continuum of care” means a community plan developed to organize and deliver housing and services to meet the specific needs of people who are homeless as they move to stable housing and achieve
Source: Supplied U.S. Code snapshot — release unconfirmed · 34 U.S.C. § 12474
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Federal law — U.S. Code and appendices · legal_authorities
As used in this subchapter and in subchapter II:
(1) The term “unit of general local government” means a city, town, township, county, parish, village, or other general purpose political subdivision of a State; the Federated States of Micronesia and Palau, the Marshall Islands, or a general purpose political subdivision thereof; a consortium of such political subdivisions recognized by the Secretary in accordance with [section 12746(2) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12746/2&num=0&edition=prelim); and any agency or instrumentality thereof that is established pursuant to legislation and designated by the chief executive to act on behalf of the jurisdiction with regard to provisions of this Act.
(2) The term “State” means any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, or any agency or instrumentality thereof that is established pursuant to legislation and designated by the chief executive officer to act on behalf of the State with regard to the provisions of this Act.
(3) The term “jurisdiction” means a State or unit of general local government.
(4) The term “participating jurisdiction” means any State or unit of general local government that has been so designated in accordance with [section 12746 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12746&num=0&edition=prelim).
(5) The term “nonprofit organization” means any private, nonprofit organization (including a State or locally chartered, nonprofit organization) that—
(A) is organized under State or local laws,
(B) has no part of its net earnings inuring to the benefit of any member, founder, contributor, or individual,
(C) complies with standards of financial
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 12704
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Federal law — U.S. Code and appendices · legal_authorities
The Congress finds that—
(1) the Nation has not made adequate progress toward the goal of national housing policy, as set out in the Housing Act of 1949 [[42 U.S.C. 1441](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1441&num=0&edition=prelim) et seq.] and reaffirmed in the Housing and Urban Development Act of 1968, which would provide decent, safe, sanitary, and affordable living environments for all Americans;
(2) the supply of affordable rental housing is diminishing;
(3) the Tax Reform Act of 1986 removed major tax incentives for the production of affordable rental housing;
(4) the living environments of an increasing number of Americans have deteriorated over the past several years as a result of reductions in Federal assistance to low-income and moderate-income families;
(5) many Americans face the possibility of homelessness unless Federal, State, and local governments work together with the private sector to develop and rehabilitate the housing stock of the Nation to provide decent, safe, sanitary, and affordable housing for very low-income and low-income families;
(6) reliable Federal leadership is needed to achieve an adequate supply of affordable housing for all Americans;
(7) to achieve the goal of national housing policy, there is a need to strengthen nationwide a cost-effective community-based housing partnership designed to—
(A) expand the supply of rental housing that is affordable to very low-income and low-income families,
(B) improve homeownership opportunities for low-income families,
(C) carry out comprehensive housing strategies tailored to local housing market conditions, and
(D) protect the Federal, State, and local investment in low-income housing to ensure affordability of the housing for the rem
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 12741
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