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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 42— LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP · SUBCHAPTER II— TECHNICAL ASSISTANCE AND CAPACITY BUILDING · § 4142

§ 4142. Purposes

216 words·~1 min read·/usc/title-12/section-4142

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The purposes of this subchapter are—
(1)to promote the ability of residents of eligible low-income housing to meaningfully participate in the preservation process established by this title 1 and affect decisions about the future of their housing;
(2)to promote the ability of community-based nonprofit housing developers and resident councils to acquire, rehabilitate, and competently own and manage eligible housing as rental or cooperative housing for low- and moderate-income people; and
(3)to assist the Secretary in discharging the obligation under section 4110 of this title to notify potential qualified purchasers of the availability of properties for sale and to otherwise facilitate the coordination and oversight of the preservation program established under this title.1
(Pub. L. 100–242, title II, § 252, as added Pub. L. 102–550, title III, § 312, Oct. 28, 1992, 106 Stat. 3766.)
Connections2 cite this · traces to 2
7 references not yet in our index
  • 1
  • Pub. L. 100–242, title II, § 252
  • Pub. L. 102–550, title III, § 312
  • 106 Stat. 3766
  • Pub. L. 100–242
  • Pub. L. 101–625, title VI, § 601(a)
  • 104 Stat. 4249
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cites case law
§ 4142
Purposes
Stat. Comp.×1
Stat.×1
Cite1
Pub. L.Pub. L. 100–242, title II, § 252
Pub. L.Pub. L. 102–550, title III, § 312
Stat.106 Stat. 3766
Pub. L.Pub. L. 100–242
Cites 9 · showing 7Cited by 2 across 2 sources
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