§ 1430c. Housing goals

242 words·~1 min read·/usc/title-12/section-1430c

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(a)In general The Director shall establish housing goals with respect to the purchase of mortgages, if any, by the Federal Home Loan Banks. Such goals shall be consistent with the goals established under sections 4561 through 4564 of this title.

(b)Considerations In establishing the goals required by subsection (a), the Director shall consider the unique mission and ownership structure of the Federal Home Loan Banks.

(c)Transition period To facilitate an orderly transition, the Director shall establish interim target goals for purposes of this section for each of the 2 calendar years following July 30, 2008.

(d)Monitoring and enforcement of goals The requirements of section 4566 1 of this title, shall apply to this section, in the same manner and to the same extent as that section applies to the Federal housing enterprises.

(e)Annual report The Director shall annually report to Congress on the performance of the Banks in meeting the goals established under this section.

(July 22, 1932, ch. 522, § 10C, as added Pub. L. 110–289, div. A, title II, § 1205, July 30, 2008, 122 Stat. 2786.)

Connections58 cite this · traces to 1

Cited by 58 sections · top 31

CFR

statute-compilations

Sec. 10C
HOUSING GOALS

statutes-at-large

Public Law 110–289
To provide needed housing reform and for other purposes

Traces to 1 document

U.S. Code

Monitoring and enforcing compliance with housing goals
§ 4566

4 references not yet in our index

1
July 22, 1932, ch. 522, § 10C
Pub. L. 110–289, div. A, title II, § 1205
122 Stat. 2786

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cites case law

§ 1430c

Housing goals

Fed. Reg.×54

C.F.R.×2

Stat. Comp.×1

Stat.×1

U.S.C.§ 4566

Cite1

ActJuly 22, 1932, ch. 522, § 10C

Pub. L.Pub. L. 110–289, div. A, title II, § 1205

Stat.122 Stat. 2786

Cites 5Cited by 58 across 4 sources