Public Law 119-93 (05/19/2026)

42 U.S.C. § 12871

Program authority

(a)

In general

The Secretary is authorized to make—
(1)
planning grants to enable applicants to develop homeownership programs; and
(2)
implementation grants to enable applicants to carry out homeownership programs.
(b)

Authority to reserve housing assistance

section 1437f of this titleIn connection with a grant under this part, the Secretary may reserve authority to provide assistance under to the extent necessary to provide rental assistance for a nonpurchasing tenant who resides in the project on the date the Secretary approves the application for an implementation grant, for use by the tenant in another project.

Pub. L. 101–625, title IV, § 421104 Stat. 4162 Pub. L. 102–550, title I, § 181(a)(2)(B)(i)106 Stat. 3735 (, , ; , , .)

Editorial Notes

References in Text

Pub. L. 101–625104 Stat. 4162 section 1709 of Title 12This part, referred to in subsec. (b), was in the original “this subtitle”, meaning subtitle B (§§ 421–431) of title IV of , , , which enacted this part and amended , Banks and Banking.

Amendments

Pub. L. 102–550Authorization of Appropriations1992—Subsec. (c). struck out subsec. (c) which read as follows: “.—There is authorized to be appropriated for grants under this part $51,000,000 for fiscal year 1991 and $280,000,000 for fiscal year 1992. Any amounts appropriated pursuant to this subsection shall remain available until expended.”