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42 U.S.C. § 12851 — National Homeownership Trust

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

42 U.S.C. § 12851 — National Homeownership Trust

**(a) Establishment** There is established the National Homeownership Trust, which shall be in the Department of Housing and Urban Development and shall provide assistance to first-time homebuyers in accordance with this subchapter. **(b) Board of Directors** The Trust shall be governed by a Board of Directors, which shall be composed of— (1) the Secretary of Housing and Urban Development, who shall be the chairperson of the Board; (2) the Secretary of the Treasury; (3) the chairperson of the Board of Directors of the Federal Deposit Insurance Corporation; (4) the chairperson of the Federal Housing Finance Board; (5) the chairperson of the Board of Directors of the Federal National Mortgage Association; (6) the chairperson of the Board of Directors of the Federal Home Loan Mortgage Corporation; and (7) 1 individual representing consumer interests, who shall be appointed by the President of the United States, by and with the advice and consent of the Senate. **(c) Powers of Trust** The Trust shall have the same powers as the powers given the Government National Mortgage Association in [section 1723a(a) of title 12](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1723a/a&num=0&edition=prelim). **(d) Travel and per diem** Members of the Board of Directors shall receive no additional compensation by reason of service on the Board, but shall be allowed travel expenses, including per diem in lieu of subsistence, as provided for employees of the Federal Government or in the same manner as persons employed intermittently in the Government service are allowed under [section 5703 of title 5](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title5-section5703&num=0&edition=prelim), as appropriate. **(e) Director and staff** (1) *

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Stable record: federal_law:legal_authorities:record_usc_e6d4b5633c0a4c16c18d1785
Source file: Laws/federal/codes/united-states-code/title-42/section-12851-national-homeownership-trust--f8c7fe04d5.md
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Source location: Title 42, Chapter 130, § 12851; chapter-130-national-affordable-housing.md

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

42 U.S.C. § 12701 — National housing goal

The Congress affirms the national goal that every American family be able to afford a decent home in a suitable environment.

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

5 U.S.C. § 5703 — Per diem, travel, and transportation expenses; experts and consultants; individuals serving without pay

An employee serving intermittently in the Government service as an expert or consultant and paid on a daily when-actually-employed basis, or serving without pay or at $1 a year, may be allowed travel or transportation expenses, under this subchapter, while away from his home or regular place of business and at the place of employment or service.

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

42 U.S.C. § 12854 — Definitions

For purposes of this subchapter: (1) **Board of Directors** — The term “Board of Directors” or “Board” means the Board of Directors of the National Homeownership Trust under [section 12851(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12851/b&num=0&edition=prelim). (2) **Displaced homemaker** — The term “displaced homemaker” means an individual who— (A) is an adult; (B) has not worked full-time full-year in the labor force for a number of years, but has during such years, worked primarily without remuneration to care for the home and family; and (C) is unemployed or underemployed and is experiencing difficulty in obtaining or upgrading employment. (3) **Fund** — The term “Fund” means the National Homeownership Trust Fund established in [section 12853 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12853&num=0&edition=prelim). (4) **Single parent** — The term “single parent” means an individual who— (A) is unmarried or legally separated from a spouse; and (B) (i) has 1 or more minor children for whom the individual has custody or joint custody; or (ii) is pregnant. (5) **State** — The term “State” means the States of the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Commonwealth of the Northern Mariana Islands, Guam, the Virgin Islands, American Samoa, the Trust Territory of the Pacific Islands, and any other territory or possession of the United States. (6) **Trust** — The term “Trust” means the National Homeownership Trust established in [section 12851 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section12851&num=0&edition=prelim).

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

42 U.S.C. § 1437o — Restriction on use of assisted housing by non-resident aliens

**(a) Conditions for assistance** Notwithstanding any other provision of law, the applicable Secretary may not make financial assistance available for the benefit of any alien unless that alien is a resident of the United States and is— (1) an alien lawfully admitted for permanent residence as an immigrant as defined by section 1101(a)(15) and (20) of title 8, excluding, among others, alien visitors, tourists, diplomats, and students who enter the United States temporarily with no intention of abandoning their residence in a foreign country; (2) an alien who entered the United States prior to June 30, 1948, or such subsequent date as is enacted by law, has continuously maintained his or her residence in the United States since then, and is not ineligible for citizenship, but who is deemed to be lawfully admitted for permanent residence as a result of an exercise of discretion by the Attorney General pursuant to [section 1259 of title 8](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title8-section1259&num=0&edition=prelim); (3) an alien who is lawfully present in the United States pursuant to an admission under [section 1157 of title 8](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title8-section1157&num=0&edition=prelim) or pursuant to the granting of asylum (which has not been terminated) under [section 1158 of title 8](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title8-section1158&num=0&edition=prelim); (4) an alien who is lawfully present in the United States as a result of an exercise of discretion by the Attorney General for emergent reasons or reasons deemed strictly in the public interest pursuant to [section 1182(d)(5) of title 8](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title8-section1182/d/

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

42 U.S.C. § 12851 — National Homeownership Trust

Page 8483 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 12851 that remain uncommitted on that date, with Secretary to issue any regulations necessary to carry out such amendment not later than end of 45-day period begin- ning on that date, see section 209 of Pub. L. 103–233, set out as a note under section 5301 of this title. § 12839. Termination of existing housing pro- grams (a) In general Except with respect to projects and programs for which binding commitments have been en- tered into prior to October 1, 1991, no new grants or loans shall be made after October 1, 1991, under— (1) section 17 of the United States Housing Act of 1937 [42 U.S.C. 1437o]; (2) section 312 of the Housing Act of 1964 [42 U.S.C. 1452b]; (3) title VI of the Housing and Community Development Act of 1987; (4) section 8(e)(2) of the United States Hous- ing Act of 1937 [42 U.S.C. 1437f(e)(2)], except for funds allocated under such section for single room occupancy dwellings as authorized by title IV of the McKinney-Vento Homeless As- sistance Act [42 U.S.C. 11360 et seq.]; and (5) section 810 of the Housing and Commu- nity Development Act of 1974 [12 U.S.C. 1706e]. (b) Repeals (1) In general Except as provided in paragraph (2), effective on October 1, 1991, the provisions of law re- ferred to in subsection (a) are repealed. (2) No effect on SRO program The provision of law referred to in sub- section (a)(4) shall remain in effect with re- spect to single room occupancy dwellings as authorized by title IV of the McKinney-Vento Homeless Assistance Act [42 U.S.C. 11360 et seq.]. (c) Disposition of repayments Any amounts received on or after October 1, 1991, as repayments or recaptures in connection with the programs referred to in subsection (a) and any other amounts for

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