42 U.S.C. · The Public Health and Welfare
42 U.S.C. § 12785

REACH: asset recycling information dissemination

Ch. 130 — NATIONAL AFFORDABLE HOUSING
Title 42 U.S.C. ● ACTIVE Primary Source Ch. 130
Statutory Text

42 U.S.C. § 12785 — REACH: asset recycling information dissemination

U.S.C. Title 42 - THE PUBLIC HEALTH AND WELFARE 42 U.S.C. United States Code, 2023 Edition Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 130 - NATIONAL AFFORDABLE HOUSING SUBCHAPTER II - INVESTMENT IN AFFORDABLE HOUSING Part C - Other Support for State and Local Housing Strategies Sec. 12785 - REACH: asset recycling information dissemination From the U.S. Government Publishing Office, www.gpo.gov

§12785. REACH: asset recycling information dissemination

(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.)

Source: uscode.house.gov — public domain Official Source ↗
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42 U.S.C. § 12785
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The statutory text of 42 U.S.C. § 12785 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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