§ 12853. National Homeownership Trust Fund
341 words·~2 min read·
/usc/title-42/section-12853A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Establishment There is established in the Treasury of the United States a revolving fund, to be known as the National Homeownership Trust Fund.
(b)Assets The Fund shall consist of—
(1)any amount approved in appropriation Acts under section 12857 of this title for purposes of carrying out this subchapter;
(2)any amount received by the Trust as repayment for payments made under this subchapter; and
(3)any amount received by the Trust under subsection (d).
(c)Use of amounts The Fund shall, to the extent approved in appropriations Acts, be available to the Trust for purposes of carrying out this subchapter.
(d)Investment of excess amounts Any amounts in the Fund determined by the Trust to be in excess of the amounts currently required to carry out the provisions of this subchapter shall be invested by the Trust in obligations of, or obligations guaranteed as to both principal and interest by, the United States or any agency of the United States.
(e)Demonstration programs Using not more than $20,000,000 of any amounts appropriated for the Fund under section 12857 of this title in fiscal year 1991, the Secretary shall carry out demonstration programs for combining housing activities and economic development activities, as follows:
(1)In Milwaukee, Wisconsin, in an amount not to exceed $4,200,000, for development, rehabilitation, and revitalization of 2 vacant structures in a blighted minority neighborhood.
(2)In Washington, District of Columbia, in an amount not to exceed $10,000,000, for nonprofit neighborhood-based groups to acquire and rehabilitate vacant public and private housing for resale or rent to low- and moderate-income families and to the extent of and subject to engage in neighborhood-based economic development activities.
(3)In Philadelphia, Pennsylvania, in an amount not to exceed $1,000,000, for technical assistance and organizational support for a community development corporation that is a city-wide public/private partnership engaged in the provision of technical assistance to neighborhood community development corporations.
(4)In other areas, as the Secretary may determine.
(Pub. L. 101–625, title III, § 304, Nov. 28, 1990, 104 Stat. 4132.)
Connections17 cite this · traces to 1
Cited by 17 sections · top 14
statutes-at-large
- Public Law 104–133To amend the Indian Self-Determination and Education Assistance Act to extend for two months the authority for promulgating regulations under the Act
- Public Law 105–64
- Public Law 106–377Making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 2001, and for other purposes
- Public Law 108–199Making appropriations for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies for the fiscal year ending September 30, 2004, and for other purposes
- Public Law 107–73Making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 2002, and for other purposes
- Public Law 108–7
- Public Law 108–447Making appropriations for foreign operations, export financing, and related programs for the fiscal year ending September 30, 2005, and for other purposes
- Public Law 109–149Making appropriations for the Departments of Labor, Health and Human Services, and Education, and Related Agencies for the fiscal year ending September 30, 2006, and for other purposes
- Public Law 104–204Making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 1997, and for other purposes
- Public Law 106–74Making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 2000, and for other purposes
- Public Law 105–276Making appropriations for the Departments of Veterans Affairs and Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 1999, and for other purposes
- Public Law 101–625To authorize a new HOME Investment Partnerships program, a National Homeownership Trust program, and HOPE programs, to amend and extend certain laws relating to housing, community and neighborhood preservation, and related programs, and for other purposes
U.S. Code
statute-compilations
Traces to 1 document
2 references not yet in our index
- Pub. L. 101–625, title III, § 304
- 104 Stat. 4132
Citation graph
cites case law
§ 12853
National Homeownership Trust Fund
Stat.×15
Stat. Comp.×1
U.S.C.×1
Pub. L.Pub. L. 101–625, title III, § 304
Stat.104 Stat. 4132
Cites 3Cited by 17 across 3 sources