12-U.S.C.-4142

§4142 – Purposes

Pathway

Title 12 > Chapter 42 > Subchapter II > Section 4142

Details

• Reference: Section 4142
• Legend: §4142 – Purposes
• USCode Year: 2013

Provision Content

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  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.

(Pub. L. 100–242, title II, §252, as added Pub. L. 102–550, title III, §312, Oct. 28, 1992, 106 Stat. 3766.)

References in Text

This title, referred to in pars. (1) and (3), means title II of Pub. L. 100–242, as amended by Pub. L. 101–625, title VI, §601(a), Nov. 28, 1990, 104 Stat. 4249, known as the Low-Income Housing Preservation and Resident Homeownership Act of 1990, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 4101 of this title and Tables.

U.S. Encyclopedia of Law Coverage

12-U.S.C.-4141 in the Legal Encyclopedia: Banking Law

In this entry about 12-U.S.C.-4141, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

Subchapter II – Technical Assistance and Capacity Building in the Legal Encyclopedia: Mortgage

In this entry about Subchapter II – Technical Assistance and Capacity Building, find legal reference material, bibliographies and premiere content related to mortgage in the American Encyclopedia of Law, presenting a comprehensive view of the United States mortgage-specific issues, written by authorities in the field.

12-U.S.C.-4114 in the Legal Encyclopedia: Housing

In this entry about 12-U.S.C.-4114, find legal reference material, bibliographies and premiere content related to housing in the American Encyclopedia of Law, presenting a comprehensive view of the United States housing-specific issues, written by authorities in the field.

Topic Map

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