42-U.S.C.-12785

§12785 – Reach: Asset Recycling Information Dissemination

Pathway

Title 42 > Chapter 130 > Subchapter II > Part C > Section 12785

Details

• Reference: Section 12785
• Legend: §12785 – Reach: Asset Recycling Information Dissemination
• USCode Year: 2011

Provision Content

(a) In general

The Secretary shall make available upon request by any participating jurisdiction a list of eligible properties that are located within the jurisdiction and that are owned or controlled by the Department of Housing and Urban Development to facilitate the purchase, development, or rehabilitation of such properties with assistance made available under this subchapter.

(b) Eligible properties

An eligible property under this section shall—

(1) be an unoccupied single-family or multifamily dwelling, such that acquisition and rehabilitation of the dwelling would not result in the displacement of any residents of the dwelling; and

(2) have an appraised value that does not exceed (A) in the case of a 1- to 4-family dwelling, 95 percent of the median purchase price for the area for such dwellings, as determined by the Secretary, or (B) in the case of a dwelling with more than 4 units, the applicable maximum dollar amount limitation under section 1715l(d)(3)(ii) of title 12 for elevator-type structures.

(Pub. L. 101–625, title II, §245, Nov. 28, 1990, 104 Stat. 4119.)

U.S. Encyclopedia of Law Coverage

42-U.S.C.-12785 in the Legal Encyclopedia: Welfare

In this entry about 42-U.S.C.-12785, find legal reference material, bibliographies and premiere content related to welfare in the American Encyclopedia of Law, presenting a comprehensive view of the United States welfare-specific issues, written by authorities in the field.

42-U.S.C.-12751 in the Legal Encyclopedia: Housing

In this entry about 42-U.S.C.-12751, 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.

Part C – Other Support For State and Local Housing Strategies in the Legal Encyclopedia: Affordable Housing

In this entry about Part C – Other Support For State and Local Housing Strategies, find legal reference material, bibliographies and premiere content related to affordable housing in the American Encyclopedia of Law, presenting a comprehensive view of the United States affordable housing-specific issues, written by authorities in the field.

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