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42 U.S.C. § 1490j — Conditions on rent increases in projects receiving assistance under other provisions of law
Federal law — U.S. Code and appendices · legal_authorities
The Secretary may not approve any increase in rental payments, with respect to units in which the tenants are paying rentals in excess of 30 per centum of their incomes, in any project which is assisted under section 1484, 1485, or 1487 of this title and under [section 1490a(a)(1)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1490a/a/1/B&num=0&edition=prelim) unless the project owner is receiving, or has applied for (within the most recent period of 180 days prior to the effective date of such increase), assistance payments with respect to such project under section 1490a(a)(2)(A) or 1490a(a)(5) of this title or [section 1437f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437f&num=0&edition=prelim).
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Source file: Laws/federal/codes/united-states-code/title-42/section-1490j-conditions-on-rent-increases-in-projects-receiving-assistance-under-othe--ef4f567318.md
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Source location: Title 42, Chapter 8A, § 1490j; chapter-8a-slum-clearance-urban-renewal-and-farm-housing.md
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The Secretary may not approve any increase in rental payments, with respect to units in which the tenants are paying rentals in excess of 30 per centum of their incomes, in any project which is assisted under section 1484, 1485, or 1487 of this title and under [section 1490a(a)(1)(B) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1490a/a/1/B&num=0&edition=prelim) unless the project owner is receiving, or has applied for (within the most recent period of 180 days prior to the effective date of such increase), assistance payments with respect to such project under section 1490a(a)(2)(A) or 1490a(a)(5) of this title or [section 1437f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1437f&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, act Aug. 2, 1954, ch. 649, title VIII, § 815, 68 Stat. 647, required submission of specifications by applicants prior to award of any contract for construction of a project and submission of data with respect to acquisition of land prior to authorization to purchase such land.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Interest rates; additional assistance; payments to owners; rent limitations**
(1)
(A) Notwithstanding the provisions of sections 1472, 1487(a) and 1485 of this title, loans to persons of low or moderate income under section 1472 or 1487(a)(1) 11 See References in Text note below. of this title, loans under [section 1485 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1485&num=0&edition=prelim) to provide rental or cooperative housing and related facilities for persons and families of low or moderate income or elderly or handicapped persons or families and loans under [section 1490f of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1490f&num=0&edition=prelim) to provide condominium housing for persons and families of low or moderate income, shall bear interest at a rate prescribed by the Secretary at not less than a rate determined by the Secretary of the Treasury upon the request of the Secretary taking into consideration the current average market yield on outstanding marketable obligations of the United States with remaining periods to maturity comparable to the average maturities of such loans, adjusted to the nearest one-eighth of 1 per centum. Any loan guaranteed under this subchapter shall bear interest at such rate as may be agreed upon by the borrower and the lender.
(B) From the interest rate so determined, the Secretary may provide the borrower with assistance in the form of credits so as to reduce the effective interest rate to a rate not less than 1 per centum per annum for such periods of time as the Secretary may determine for applicants described in subparagraph (A) if without such assistance such applicants could not afford the dwelling or make payments on th
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Federal law — U.S. Code and appendices · legal_authorities
Page 4804
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 1490i
shall incur or be under any liability by reason of hav-
ing made or authorized any such payments.’’
§ 1490i. Repealed. Pub. L. 98–181, title I [title V,
§ 506(b)], Nov. 30, 1983, 97 Stat. 1242
Section, act July 15, 1949, ch. 338, title V, § 529, as
added Nov. 9, 1978, Pub. L. 95–619, title II, § 252(b), 92
Stat. 3236, required the Secretary of Agriculture to pro-
mote the use of energy saving techniques through the
establishment of minimum property standards for
newly constructed residential housing.
§ 1490j. Conditions on rent increases in projects
receiving assistance under other provisions
of law
The Secretary may not approve any increase
in rental payments, with respect to units in
which the tenants are paying rentals in excess of
30 per centum of their incomes, in any project
which is assisted under section 1484, 1485, or 1487
of this title and under section 1490a(a)(1)(B) of
this title unless the project owner is receiving,
or has applied for (within the most recent period
of 180 days prior to the effective date of such in-
crease), assistance payments with respect to
such project under section 1490a(a)(2)(A) or
1490a(a)(5) of this title or section 1437f of this
title.
(July 15, 1949, ch. 338, title V, § 530, as added Pub.
L. 96–399, title V, § 509, Oct. 8, 1980, 94 Stat. 1670;
amended Pub. L. 98–181, title I [title V, § 517(d)],
Nov. 30, 1983, 97 Stat. 1248; Pub. L. 105–276, title
V, § 599C(e)(2)(G), Oct. 21, 1998, 112 Stat. 2663.)
Editorial Notes
AMENDMENTS
1998—Pub. L. 105–276 substituted ‘‘assistance pay-
ments with respect to such project under section
1490a(a)(2)(A) or 1490a(a)(5) of this title’’ for ‘‘rental as-
sistance payments with respect to such project under
section
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 1490j
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