The Congress recognizes that shelter, including essential urban development services, is among the most fundamental of human needs. Shelter for most people in the developing countries consists largely of domestic materials assembled by local labor. While recognizing that most financing for such shelter must come from domestic resources, the Congress finds that carefully designed programs involving United States capital and expertise can increase the availability of domestic financing for improved shelter and related services for low-income people by demonstrating to local entrepreneurs and institutions that providing low-cost shelter can be financially viable. The Congress reaffirms, therefore, that the United States should continue to assist developing countries in marshalling resources for low-cost shelter. Particular attention should be given to programs which will support pilot projects for low-cost shelter or which will have a maximum demonstration impact on local institutions and national policy. The Congress declares that the long run goal of all such programs should be to develop domestic construction capabilities and to stimulate local credit institutions to make available domestic capital and other management and technological resources required for effective low-cost shelter programs and policies.
Pub. L. 87–195Pub. L. 91–17583 Stat. 807Pub. L. 92–22686 Stat. 22Pub. L. 93–189, § 5(1)87 Stat. 717Pub. L. 93–559, § 7(1)88 Stat. 1796Pub. L. 94–161, title III, § 311(3)89 Stat. 861Pub. L. 95–88, title I, § 117(a)(1)91 Stat. 540Pub. L. 95–424, title I, § 115(a)92 Stat. 950Pub. L. 98–473, title I, § 101(1) [title V, § 541(a)]98 Stat. 1884(, pt. I, § 221, as added , pt. I, § 105, , ; amended , pt. I, § 103(a), , ; , , ; , , ; , , ; , , ; , , ; , , , 1903.)
Editorial Notes
Codification
Pub. L. 98–473Pub. L. 98–473Amendment by is based on section 311(a) of H.R. 5119, Ninety-eighth Congress, as passed by the House of Representatives , which was enacted into permanent law by .
Prior Provisions
section 221 of Pub. L. 87–19575 Stat. 429Pub. L. 87–56576 Stat. 256Pub. L. 88–20577 Stat. 381Pub. L. 88–63378 Stat. 1009Pub. L. 89–17179 Stat. 654Pub. L. 89–58380 Stat. 798Pub. L. 90–13781 Stat. 450Pub. L. 90–55482 Stat. 960Pub. L. 91–17583 Stat. 807A prior , pt. I, , , as amended by , pt. I, § 104(a), , ; , pt. I, § 104(a), , ; , pt. I, § 103(a), , ; , pt. I, § 104(a), (b), , ; , pt. I, § 104(a), , ; , pt. I, § 104(a), , ; , pt. I, § 103, , , related to general authority for foreign investment guaranties by the President, prior to the general reorganization of this subpart by , pt. I, § 105, , .
Amendments
Pub. L. 98–4731984— substituted “, including essential urban development services, is” for “requirements are” after “The Congress recognizes that shelter” and, in the remainder of the section substituted “shelter” for “housing” wherever appearing.
Pub. L. 95–4241978— generally revised the statement of policy to clarify that in developing countries, financing, materials and labor for most housing must be obtained from local sources, while United States capital and technical expertise can increase the availability of housing and related services for low-income people by demonstrating financial viability of credit systems for low-cost housing.
Pub. L. 95–88section 2182(c) of this title1977— struck out provisions that the total face amount of guaranties issued under this section outstanding at any one time not exceed $430,000,000 and added to the enumeration of sections setting out the conditions under which guaranties shall be issued.
Pub. L. 94–1611975— substituted “$430,000,000” for “$355,000,000”.
Pub. L. 93–5591974— substituted “$355,000,000” for “$305,000,000”.
Pub. L. 93–1891973— substituted “$305,000,000” for “$205,000,000”.
Pub. L. 92–2261972— substituted “$205,000,000” for “$130,000,000”.
Statutory Notes and Related Subsidiaries
Effective Date of 1978 Amendment
Pub. L. 95–424section 605 of Pub. L. 95–424section 2151 of this titleAmendment by effective , see , set out as a note under .
Use of Funds From Sale of Notes for Discharge of Liabilities Under Guaranties; Transfer of Funds and Cancellation of Notes and Interest
Pub. L. 90–249, title I, § 12081 Stat. 941