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42 U.S.C. § 12807 — Low-income housing conservation and

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42 U.S.C. § 12807 — Low-income housing conservation and

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Page 8478 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 12806 and shall apply beginning upon, the date of the enact- ment of this Act [Oct. 21, 1998].’’] FUNDING FOR SELF-HELP HOUSING ASSISTANCE, NA- TIONAL CITIES IN SCHOOLS COMMUNITY DEVELOPMENT PROGRAM, AND CAPACITY BUILDING THROUGH NA- TIONAL COMMUNITY DEVELOPMENT INITIATIVE Pub. L. 104–120, § 12, Mar. 28, 1996, 110 Stat. 845, pro- vided that: ‘‘(a) AUTHORITY TO USE ASSISTED HOUSING AMOUNTS.— To the extent and for the purposes specified in sub- section (b), the Secretary of Housing and Urban Devel- opment may use amounts in the account of the Depart- ment of Housing and Urban Development known as the Annual Contributions for Assisted Housing account, but only such amounts which— ‘‘(1) have been appropriated for a fiscal year that occurs before the fiscal year for which the Secretary uses the amounts; and ‘‘(2) have been obligated before becoming available for use under this section. ‘‘(b) FISCAL YEAR 1996.—Of the amounts described in subsection (a), $60,000,000 shall be available to the Sec- retary of Housing and Urban Development for fiscal year 1996 in the following amounts for the following purposes: ‘‘(1) SELF-HELP HOUSING ASSISTANCE.—$40,000,000 for carrying out section 11 of this Act [set out above]. ‘‘(2) NATIONAL CITIES IN SCHOOLS COMMUNITY DEVEL- OPMENT PROGRAM.—$10,000,000 for carrying out section 930 of the Housing and Community Development Act of 1992 (Public Law 102–550; 106 Stat. 3887). ‘‘(3) CAPACITY BUILDING THROUGH NATIONAL COMMU- NITY DEVELOPMENT INITIATIVE.—$10,000,000 for car- rying out section 4 of the HUD Demonstration Act of 1993 (42 U.S.C. 9816 note).’’ § 12806. Home repair services grants for older and disabled homeowners (a) In general The Secretary shall make available a model program to provide home repair services for older homeowners and disabled homeowners, in- cluding such services as the examination of homes, repair services, and follow-up to ensure the continued effectiveness of the repairs pro- vided. (b) Eligible recipients Home repair services shall be provided to homeowners who— (1) own and reside in the dwellings for which services are provided; (2) are older or disabled; and (3) are members of low-income families. (c) Permitted restrictions Guidelines for the model program shall require that— (1) assisted dwelling units be the primary residence of the homeowner for whom services are provided; (2) preferences be provided for (A) very low- income families, and (B) individuals with in- tense need characterized by noneconomic fac- tors such as physical and mental disabilities, language barriers, and cultural, social, or geo- graphical isolation caused by racial or ethnic status that restricts the ability of an indi- vidual to perform normal daily tasks or that threatens the capacity of the individual to live independently; (3) any fees charged be based on the income of the individual receiving the home repair services. (Pub. L. 101–625, title II, § 256, Nov. 28, 1990, 104 Stat. 4122.) § 12807. Low-income housing conservation and efficiency grant programs (a) In general The Secretary shall make available a model program to provide safe, energy-efficient afford- able housing for low-income persons. (b) Activities The model program shall provide for— (1) identification of housing that is— (A) owned and occupied by low-income families who have received, are currently re- ceiving, or are scheduled to receive assist- ance under the weatherization assistance for low-income persons program under part A of title IV of the Energy Conservation and Pro- duction Act [42 U.S.C. 6861 et seq.] (or a com- parable Federal or State program); (B) in danger of becoming uninhabitable within a 5-year period because of structural weaknesses or problems; and (C) not sufficiently sound to permit energy conservation improvements without other repair or rehabilitation measures to protect such energy investments; (2) repairs that will significantly prolong the habitability of units identified under para- graph (1), including roofing, electrical, plumb- ing, furnace, and foundation repairs or re- placement that will prolong the use of the unit as a safe and energy-efficient residence for low-income persons; and (3) reasonable steps to ensure that any units so repaired will remain occupied by persons or families eligible for assistance under this sub- chapter. (Pub. L. 101–625, title II, § 257, Nov. 28, 1990, 104 Stat. 4122.) Editorial Notes REFERENCES IN TEXT The Energy Conservation and Production Act, re- ferred to in subsec. (b)(1)(A), is Pub. L. 94–385, Aug. 14, 1976, 90 Stat. 1142. Part A of title IV of the Act is classi- fied generally to part A (§ 6861 et seq.) of subchapter III of chapter 81 of this title. For complete classification of this Act to the Code, see Short Title note set out under section 6801 of this title and Tables. § 12808. Second mortgage assistance for first-time homebuyers (a) In general The Secretary shall make available a model program under which units of general local gov- ernment provide loans (secured by second mort- gages) with deferred payment of interest and principal to first-time homebuyers. (b) Homeownership counseling The program under this section shall provide for homeownership counseling to first-time homebuyers assisted, which shall include— (1) counseling before and after purchase of the property; (2) assisting first-time homebuyers in identi- fying the most suitable and affordable prop- erties;

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

42 U.S.C. § 12807 — Rental housing production

**(a) Repayable advances** (1) **In general** — The Secretary shall make available a model program under which repayable advances may be made to public and private project sponsors in constructing, acquiring, or substantially rehabilitating projects to be used as affordable rental housing, including limited equity cooperatives and mutual housing. (2) **Maximum amount of advance** — An advance under this model program shall not exceed 50 percent of the total costs associated with the construction, acquisition, or substantial rehabilitation of the project, as determined by the participating jurisdiction. (3) **Terms of repayment** (A) *Interest payments* (i) *In general* — Under the model program, advances shall be repaid with interest calculated at a rate of not more than 3 percent per year, as determined by the participating jurisdiction to be appropriate. Interest shall begin to accrue 1 year after the completion of the construction, acquisition, or substantial rehabilitation of the project and shall be payable in annual installments. (ii) *Exception* — Interest and any accrued interest shall be payable only from the surplus cash flow of the project, after a minimum return on equity determined by the participating jurisdiction to be appropriate. As used in the previous sentence, the term “surplus cash flow” means the cash flow of the project after the payment of all amounts due under the first mortgage, operating expenses, and required replacement reserves, as determined by the participating jurisdiction. (B) *Additional interest payments* — Under the model program, for any year in which the sum of the surplus cash flow of a project and the return on equity exceeds all interest payments due under subparagraph (A), 50 percent of the excess surplus cas

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

42 U.S.C. § 6861 — Congressional findings and purpose

**(a)** The Congress finds that— (1) the fastest, most cost-effective, and most environmentally sound way to prevent future energy shortages in the United States, while reducing the Nation’s dependence on imported energy supplies, is to encourage and facilitate, through major programs, the implementation of energy conservation and renewable-resource energy measures with respect to dwelling units, nonresidential buildings, and industrial plants; (2) current efforts to encourage and facilitate such measures are inadequate as a consequence of— (A) a lack of adequate and available financing for such measures, particularly with respect to individual consumers and owners of small businesses; (B) a shortage of reliable and impartial information and advisory services pertaining to practicable energy conservation measures and renewable-resource energy measures and the cost savings that are likely if they are implemented in such units, buildings, and plants; and (C) the absence of organized programs which, if they existed, would enable consumers, especially individuals and owners of small businesses, to undertake such measures easily and with confidence in their economic value; (3) major programs of financial incentives and assistance for energy conservation measures and renewable-resource energy measures in dwelling units, nonresidential buildings, and industrial plants would— (A) significantly reduce the Nation’s demand for energy and the need for petroleum imports; (B) cushion the adverse impact of the high price of energy supplies on consumers, particularly elderly and handicapped low-income persons who cannot afford to make the modifications necessary to reduce their residential energy use; and (C) increase, directly and indirectly, job opportunities and

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

42 U.S.C. § 6861 — Congressional findings and purpose

Page 6901 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 6862 under section 6801 of this title. For complete classifica- tion of this Act to the Code, see Short Title note set out under section 6801 of this title and Tables. Statutory Notes and Related Subsidiaries SHORT TITLE For short title of title IV of Pub. L. 94–385, which is classified principally to this subchapter, as the ‘‘En- ergy Conservation in Existing Buildings Act of 1976’’, see section 401 of Pub. L. 94–385, set out as a note under section 6801 of this title. PART A—WEATHERIZATION ASSISTANCE FOR LOW-INCOME PERSONS § 6861. Congressional findings and purpose (a) The Congress finds that— (1) a fast, cost-effective, and environ- mentally sound way to prevent future energy shortages in the United States while reducing the Nation’s dependence on imported energy supplies, is to encourage and facilitate, through major programs, the implementation of energy conservation and renewable-resource energy measures with respect to dwelling units; (2) existing efforts to encourage and facili- tate such measures are inadequate because— (A) many dwellings owned or occupied by low-income persons are energy inefficient; (B) low-income persons can least afford to make the modifications necessary to provide for efficient energy equipment in such dwell- ings and otherwise to improve the energy ef- ficiency of such dwellings; (3) weatherization of such dwellings would lower shelter costs in dwellings owned or occu- pied by low-income persons as well as save en- ergy and reduce future energy capacity re- quirements; and (4) States, through Community Action Agen- cies established under the Economic Oppor- tunity Act of 1964 [42 U.S.C. 2701 et seq.] and units of general purpose local government, should

Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 6861

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

42 U.S.C. § 9816 — Interest rates payable on certain rural development loans; assignment of loan contracts

**(a) Modification of interest rates** Notwithstanding any other provision of law— (1) any outstanding loan made after December 31, 1982, by the Secretary of Health and Human Services; or (2) any loan made after September 30, 1986; with moneys from the Rural Development Loan Fund established by [section 9812(c)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9812/c/1&num=0&edition=prelim) or with funds available (before October 27, 1998) under [section 9910(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9910/a&num=0&edition=prelim) (as in effect before October 27, 1998) to an intermediary borrower shall bear interest at a fixed rate equal to the rate of interest that was in effect on the date of issuance for loans made in 1980 with such moneys or such funds if the weighted average rate of interest for all loans made after December 31, 1982, by such intermediary borrower with such moneys or such funds does not exceed the sum of 6 percent and the rate of interest payable under this subsection by such intermediary borrower. **(b) Assignment of certain loan contracts** Any contract for a loan made during the period beginning on December 31, 1982, and ending on September 30, 1986, with— (1) moneys from the Rural Development Loan Fund established by [section 9812(c)(1) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9812/c/1&num=0&edition=prelim); or (2) funds available (before October 27, 1998) under [section 9910(a) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section9910/a&num=0&edition=prelim) (as in effect before October 27, 1998); to an intermediary borrower that is a county government may be

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

42 U.S.C. § 9816 — Department of Housing and Urban Devel-

Page 7830 TITLE 42—THE PUBLIC HEALTH AND WELFARE § 9815 1 See References in Text note below. 2 So in original. Probably should be ‘‘Public’’. 1 See References in Text note below. bers of urban and rural cooperatives shall in- clude on-the-job training, classroom instruction, and scholarships to assist them in development, managerial, entrepreneurial, planning, and other technical and organizational skills which will contribute to the effectiveness of programs assisted under this subchapter. (Pub. L. 97–35, title VI, § 625, Aug. 13, 1981, 95 Stat. 496.) § 9815. Small Business Administration and De- partment of Commerce economic develop- ment programs; regulations (a)(1) Funds granted under this subchapter which are invested directly or indirectly, in a small investment company, local development company, limited small business investment company, or small business investment com- pany licensee under section 681(d) 1 of title 15 shall be included as ‘‘private paid-in capital and paid-in surplus’’, ‘‘combined paid-in capital and paid-in surplus’’, and ‘‘paid-in capital’’ for pur- poses of sections 682, 683, and 696, respectively, of title 15. (2) Not later than 90 days after August 13, 1981, the Administrator of the Small Business Admin- istration, after consultation with the Secretary, shall promulgate regulations to ensure the availability to community development cor- porations of such programs as shall further the purposes of this subchapter, including programs under section 637(a) of title 15. (b)(1) Areas selected for assistance under this subchapter shall be deemed ‘‘redevelopment areas’’ within the meaning of section 401 of the Publc 2 Works and Economic Development Act of 1965,1 shall qualify for assistance under the pro- visions

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