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42 U.S.C. § 12878 — Limitation on selection criteria

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

42 U.S.C. § 12878 — Limitation on selection criteria

Page 8495 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 12880 1 See References in Text note below. (4) The term ‘‘homeownership program’’ means a program for homeownership under this part. (5) The term ‘‘Indian housing authority’’ has the meaning given such term in section 1437a(b)(11) 1 of this title. (6) The term ‘‘low-income family’’ has the meaning given such term in section 1437a(b)(2) of this title. (7) The term ‘‘public housing agency’’ has the meaning given such term in section 1437a(b)(6) of this title. (8) The term ‘‘recipient’’ means an applicant approved to receive a grant under this title 1 or such other entity specified in the approved application that will assume the obligations of the recipient under this part. (9) The term ‘‘resident council’’ means any incorporated nonprofit organization or asso- ciation that— (A) is representative of the tenants of the housing; (B) adopts written procedures providing for the election of officers on a regular basis; and (C) has a democratically elected governing board, elected by the tenants of the housing. (10) The term ‘‘Secretary’’ means the Sec- retary of Housing and Urban Development. (Pub. L. 101–625, title IV, § 426, Nov. 28, 1990, 104 Stat. 4170; Pub. L. 102–550, title I, § 181(d), (e), (h), Oct. 28, 1992, 106 Stat. 3735, 3736.) Editorial Notes REFERENCES IN TEXT Section 1437a(b)(11) of this title, referred to in par. (5), was repealed by Pub. L. 104–330, title V, § 501(b)(1)(D), Oct. 26, 1996, 110 Stat. 4041, and a new sec- tion 1437a(b)(11), defining ‘‘public housing agency plan’’, was enacted by Pub. L. 105–276, title V, § 506(4), Oct. 21, 1998, 112 Stat. 2524. This title, referred to in par. (8), means title IV of Pub. L. 101–625, known as the Homeownership and Op- por

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Page 8495 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 12880 1 See References in Text note below. (4) The term ‘‘homeownership program’’ means a program for homeownership under this part. (5) The term ‘‘Indian housing authority’’ has the meaning given such term in section 1437a(b)(11) 1 of this title. (6) The term ‘‘low-income family’’ has the meaning given such term in section 1437a(b)(2) of this title. (7) The term ‘‘public housing agency’’ has the meaning given such term in section 1437a(b)(6) of this title. (8) The term ‘‘recipient’’ means an applicant approved to receive a grant under this title 1 or such other entity specified in the approved application that will assume the obligations of the recipient under this part. (9) The term ‘‘resident council’’ means any incorporated nonprofit organization or asso- ciation that— (A) is representative of the tenants of the housing; (B) adopts written procedures providing for the election of officers on a regular basis; and (C) has a democratically elected governing board, elected by the tenants of the housing. (10) The term ‘‘Secretary’’ means the Sec- retary of Housing and Urban Development. (Pub. L. 101–625, title IV, § 426, Nov. 28, 1990, 104 Stat. 4170; Pub. L. 102–550, title I, § 181(d), (e), (h), Oct. 28, 1992, 106 Stat. 3735, 3736.) Editorial Notes REFERENCES IN TEXT Section 1437a(b)(11) of this title, referred to in par. (5), was repealed by Pub. L. 104–330, title V, § 501(b)(1)(D), Oct. 26, 1996, 110 Stat. 4041, and a new sec- tion 1437a(b)(11), defining ‘‘public housing agency plan’’, was enacted by Pub. L. 105–276, title V, § 506(4), Oct. 21, 1998, 112 Stat. 2524. This title, referred to in par. (8), means title IV of Pub. L. 101–625, known as the Homeownership and Op- portunity Through HOPE Act, and probably should have been ‘‘this subtitle’’, meaning subtitle B (§§ 421–431) of title IV of Pub. L. 101–625, which is classi- fied principally to this part. For complete classifica- tion of title IV of Pub. L. 101–625 to the Code, see Short Title note set out under section 1437aaa of this title and Tables. AMENDMENTS 1992—Par. (1)(G). Pub. L. 102–550, § 181(d), added sub- par. (G). Par. (3)(D). Pub. L. 102–550, § 181(e), (h), inserted ‘‘the Federal Deposit Insurance Corporation, the Secretary of Defense, the Secretary of Transportation, the Gen- eral Services Administration, any other Federal agen- cy,’’ after ‘‘Corporation,’’ and ‘‘or an agency or instru- mentality thereof’’ before period at end. § 12877. Exemption Eligible property covered by a homeownership program approved under this part shall not be subject to— (1) the Low-Income Housing Preservation and Resident Homeownership Act of 1990 [12 U.S.C. 4101 et seq.], or (2) the requirements of section 1701z–11 of title 12 applicable to the sale of projects either at foreclosure or after acquisition by the Sec- retary. (Pub. L. 101–625, title IV, § 427, Nov. 28, 1990, 104 Stat. 4171.) Editorial Notes REFERENCES IN TEXT The Low-Income Housing Preservation and Resident Homeownership Act of 1990, referred to in par. (1), is title II of Pub. L. 100–242, as amended by Pub. L. 101–625, title VI, § 601(a), Nov. 28, 1990, 104 Stat. 4249, which is classified principally to chapter 42 (§ 4101 et seq.) of Title 12, Banks and Banking. For complete clas- sification of this Act to the Code, see Short Title note set out under section 4101 of Title 12 and Tables. § 12878. Limitation on selection criteria In establishing criteria for selecting appli- cants to receive assistance under this part, the Secretary may not establish any selection cri- terion or criteria that grant or deny such assist- ance to an applicant (or have the effect of grant- ing or denying assistance) based on the imple- mentation, continuation, or discontinuation of any public policy, regulation, or law of any ju- risdiction in which the applicant or project is lo- cated. (Pub. L. 101–625, title IV, § 428, Nov. 28, 1990, 104 Stat. 4171.) § 12879. Implementation Not later than the expiration of the 180-day period beginning on the date that funds author- ized under this part first become available for obligation, the Secretary shall by notice estab- lish such requirements as may be necessary to carry out the provisions of this part. Such re- quirements shall be subject to section 553 of title 5. The Secretary shall issue regulations based on the initial notice before the expiration of the 8-month period beginning on the date of the notice. (Pub. L. 101–625, title IV, § 430, Nov. 28, 1990, 104 Stat. 4172.) § 12880. Report The Secretary shall no later than December 31, 1995, submit to the Congress a report setting forth— (1) the number, type and cost of eligible properties transferred pursuant to this part; (2) the income, race, gender, children and other characteristics of families participating (or not participating) in homeownership pro- grams funded under this part; (3) the amount and type of financial assist- ance provided under and in conjunction with this part; (4) the amount of financial assistance pro- vided under this part that was needed to en- sure continued affordability and meet future maintenance and repair costs; and (5) the recommendations of the Secretary for statutory and regulatory improvements to the program. (Pub. L. 101–625, title IV, § 431, Nov. 28, 1990, 104 Stat. 4172; Pub. L. 104–66, title I, § 1072(a), Dec. 21, 1995, 109 Stat. 721.)

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

12 U.S.C. § 4101 — General prepayment limitation

**(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

12 U.S.C. § 4101 — General prepayment limitation

Page 1592 TITLE 12—BANKS AND BANKING § 4101 Statutory Notes and Related Subsidiaries EFFECTIVE DATE Section effective Sept. 1, 1988, see section 613(b) of Pub. L. 100–86, set out as a note under section 4001 of this title. CHAPTER 42—LOW-INCOME HOUSING PRES- ERVATION AND RESIDENT HOMEOWNER- SHIP SUBCHAPTER I—PREPAYMENT OF MORTGAGES INSURED UNDER NATIONAL HOUSING ACT Sec. 4101. General prepayment limitation. 4102. Notice of intent. 4103. Appraisal and preservation value of eligible low-income housing. 4104. Annual authorized return and preservation rents. 4105. Federal cost limits and limitations on plans of action. 4106. Information from Secretary. 4107. Plan of action. 4108. Prepayment and voluntary termination. 4109. Incentives to extend low-income use. 4110. Incentives for transfer to qualified pur- chasers. 4111. Mandatory sale for housing exceeding Federal cost limits. 4112. Criteria for approval of plan of action involv- ing incentives. 4113. Assistance for displaced tenants. 4114. Permissible prepayment or voluntary termi- nation and modification of commitments. 4115. Timetable for approval of plan of action. 4116. Resident homeownership program. 4117. Delegated responsibility to State agencies. 4118. Consultations with other interested parties. 4119. Definitions. 4120. Notice to tenants. 4121. Definitions of qualified and priority pur- chaser and related party rule. 4122. Preemption of State and local laws. 4123. Severability. 4124. Authorization of appropriations. 4125. State preservation project assistance. SUBCHAPTER II—TECHNICAL ASSISTANCE AND CAPACITY BUILDING 4141. Authority. 4142. Purposes. 4143. Grants for building resident capacity and funding predevelopment costs. 4144. Grants for

Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 4101

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

42 U.S.C. § 12878 — Exemption

Eligible property covered by a homeownership program approved under this part shall not be subject to— (1) the Low-Income Housing Preservation and Resident Homeownership Act of 1990 [[12 U.S.C. 4101](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section4101&num=0&edition=prelim) et seq.], or (2) the requirements of [section 1701z–11 of title 12](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1701z–11&num=0&edition=prelim) applicable to the sale of projects either at foreclosure or after acquisition by the Secretary.

Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 12878

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