-CITE-
    42 USC CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT,
           SELF-HELP AND REVITALIZATION                    01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  

-HEAD-
      CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                              REVITALIZATION


-MISC1-
           SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT CORPORATION       
    Sec.                                                     
    8101.       Congressional findings and declaration of purpose.    
    8102.       Neighborhood Reinvestment Corporation.                
    8103.       Board of Directors.                                   
    8104.       Officers and employees.                               
    8105.       Powers and duties of corporation.                     
    8106.       Reports and audits.                                   
    8107.       Appropriations.                                       

            SUBCHAPTER II - NEIGHBORHOOD SELF-HELP DEVELOPMENT        
    8121 to 8124. Repealed.                                           

                      SUBCHAPTER III - LIVABLE CITIES                  
    8141.       Congressional findings.                               
    8142.       Statement of purpose.                                 
    8143.       Definitions.                                          
    8144.       Grants to or contracts with organizations.            
    8145.       Coordination and development of program with other
                 Federal and non-Federal programs.                    
    8146.       Authorization of appropriations.                      

-End-


-CITE-
    42 USC SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT
           CORPORATION                                     01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT CORPORATION

-HEAD-
           SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT CORPORATION       

-End-



-CITE-
    42 USC Sec. 8101                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT CORPORATION

-HEAD-
    Sec. 8101. Congressional findings and declaration of purpose

-STATUTE-
      (a) The Congress finds that - 
        (1) the neighborhood housing services demonstration of the
      Urban Reinvestment Task Force has proven its worth as a
      successful program to revitalize older urban neighborhoods by
      mobilizing public, private, and community resources at the
      neighborhood level; and
        (2) the demand for neighborhood housing services programs in
      cities throughout the United States warrants the creation of a
      public corporation to institutionalize and expand the
      neighborhood housing services program and other programs of the
      present Urban Reinvestment Task Force.

      (b) The purpose of this subchapter is to establish a public
    corporation which will continue the joint efforts of the Federal
    financial supervisory agencies and the Department of Housing and
    Urban Development to promote reinvestment in older neighborhoods by
    local financial institutions working cooperatively with community
    people and local government, and which will continue the
    nonbureaucratic approach of the Urban Reinvestment Task Force,
    relying largely on local initiative for the specific design of
    local programs.

-SOURCE-
    (Pub. L. 95-557, title VI, Sec. 602, Oct. 31, 1978, 92 Stat. 2115.)


-MISC1-
                                SHORT TITLE                            
      Section 601 of title VI of Pub. L. 95-557 provided that: "This
    title [enacting this subchapter] may be cited as the 'Neighborhood
    Reinvestment Corporation Act'."
      Section 701 of title VII of Pub. L. 95-557, which provided that
    such title, which was classified to subchapter II of this chapter,
    was to be cited as the "Neighborhood Self-Help Development Act of
    1978", was repealed by Pub. L. 97-35, title III, Sec. 313(a), Aug.
    13, 1981, 95 Stat. 398.
      Section 801 of title VIII of Pub. L. 95-557 provided that: "This
    title [enacting subchapter III of this chapter] may be cited as the
    'Livable Cities Act of 1978'."

-End-



-CITE-
    42 USC Sec. 8102                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT CORPORATION

-HEAD-
    Sec. 8102. Neighborhood Reinvestment Corporation

-STATUTE-
    (a) Establishment
      There is established a Neighborhood Reinvestment Corporation
    (hereinafter referred to as the "corporation") which shall be a
    body corporate and shall possess the powers, and shall be subject
    to the direction and limitations specified herein.
    (b) Implementation and expansion of demonstration activities
      The corporation shall implement and expand the demonstration
    activities carried out by the Urban Reinvestment Task Force.
    (c) Principal office
      The corporation shall maintain its principal office in the
    District of Columbia or at such other place the corporation may
    from time to time prescribe.
    (d) Exemption from taxation
      The corporation, including its franchise, activities, assets, and
    income, shall be exempt from all taxation now or hereafter imposed
    by the United States, by any territory, dependency, or possession
    thereof, or by any State, county, municipality, or local taxing
    authority, except that any real property of the corporation shall
    be subject to State, territorial, county, municipal, or local
    taxation to the same extent according to its value as other real
    property is taxed.

-SOURCE-
    (Pub. L. 95-557, title VI, Sec. 603, Oct. 31, 1978, 92 Stat. 2115;
    Pub. L. 96-399, title III, Sec. 315(1), Oct. 8, 1980, 94 Stat.
    1645.)


-MISC1-
                                AMENDMENTS                            
      1980 - Subsec. (a). Pub. L. 96-399 struck out "National" before
    "Neighborhood".

-End-



-CITE-
    42 USC Sec. 8103                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT CORPORATION

-HEAD-
    Sec. 8103. Board of Directors

-STATUTE-
    (a) Membership
      The corporation shall be under the direction of a board of
    directors made up of the following members:
        (1) the Chairman of the Federal Home Loan Bank Board or a
      member of the Federal Home Loan Bank Board to be designated by
      the Chairman;
        (2) the Secretary of Housing and Urban Development;
        (3) the Chairman of the Board of Governors of the Federal
      Reserve System, or a member of the Board of Governors of the
      Federal Reserve System to be designated by the Chairman;
        (4) the Chairman of the Federal Deposit Insurance Corporation
      or the appointive member of the Board of Directors of the Federal
      Deposit Insurance Corporation if so designated by the Chairman;
        (5) the Comptroller of the Currency; and
        (6) the Chairman of the National Credit Union Administration or
      a member of the Board of the National Credit Union Administration
      to be designated by the Chairman.
    (b) Election of chairman
      The Board shall elect from among its members a chairman who shall
    serve for a term of two years, except that the Chairman of the
    Federal Home Loan Bank Board shall serve as Chairman of the Board
    of Directors for the first such two-year term.
    (c) Terms of office
      Each director of the corporation shall serve ex officio during
    the period he holds the office to which he is appointed by the
    President.
    (d) Compensation and expenses
      The directors of the corporation, as full-time officers of the
    United States, shall serve without additional compensation but
    shall be reimbursed for travel, subsistence, and other necessary
    expenses incurred in the performance of their duties as directors
    of the corporation.
    (e) Bylaws, policies and administrative provisions
      The directors of the corporation shall adopt such bylaws,
    policies, and administrative provisions as are necessary to the
    functioning of the corporation and consistent with the provisions
    of this subchapter.
    (f) Director absences; designated representatives
      A director who is necessarily absent from a meeting of the board,
    or of a committee of the board, may participate in such meeting
    through a duly designated representative who is serving, pursuant
    to appointment by the President of the United States, by and with
    the advice and consent of the Senate, in the same department,
    agency, corporation, or instrumentality as the absent director, or
    in the case of the Comptroller of the Currency, through a duly
    designated Deputy Comptroller.
    (g) Quorum
      The presence of a majority of the board members, or their
    representatives as provided in subsection (f) of this section,
    shall constitute a quorum.
    (h) Application of other laws
      The corporation shall be subject to the provisions of section 552
    of title 5.
    (i) Meetings of board
      All meetings of the board of directors will be conducted in
    accordance with the provisions of section 552b of title 5.

-SOURCE-
    (Pub. L. 95-557, title VI, Sec. 604, Oct. 31, 1978, 92 Stat. 2115;
    Pub. L. 97-320, title VII, Sec. 710(a), Oct. 15, 1982, 96 Stat.
    1544; Pub. L. 100-242, title V, Sec. 520(a), Feb. 5, 1988, 101
    Stat. 1938; Pub. L. 100-628, title X, Sec. 1085, Nov. 7, 1988, 102
    Stat. 3278.)


-MISC1-
                                AMENDMENTS                            
      1988 - Subsec. (a)(1). Pub. L. 100-242, Sec. 520(a)(1), inserted
    "or a member of the Federal Home Loan Bank Board to be designated
    by the Chairman" before semicolon.
      Subsec. (a)(3). Pub. L. 100-242, Sec. 520(a)(2), added par. (3)
    and struck out former par. (3) which read as follows: "a member of
    the Board of Governors of the Federal Reserve System, to be
    designated by the Chairman of the Board of Governors of the Federal
    Reserve System;".
      Subsec. (a)(4). Pub. L. 100-242, Sec. 520(a)(3), inserted "or the
    appointive member of the Board of Directors of the Federal Deposit
    Insurance Corporation if so designated by the Chairman" before
    semicolon.
      Subsec. (a)(6). Pub. L. 100-628 struck out second of the two
    periods at end.
      Pub. L. 100-242, Sec. 520(a)(4), substituted "Chairman" for
    "Administrator" and inserted "or a member of the Board of the
    National Credit Union Administration to be designated by the
    Chairman." before period.
      1982 - Subsecs. (f) to (i). Pub. L. 97-320 added subsec. (f),
    redesignated former subsecs. (f) to (h) as (g) to (i),
    respectively, and in subsec. (g) inserted ", or their
    representatives as provided in subsection (f) of this section,".


-TRANS-
                           TRANSFER OF FUNCTIONS                       
      Federal Home Loan Bank Board abolished and functions transferred,
    see sections 401 to 406 of Pub. L. 101-73, set out as a note under
    section 1437 of Title 12, Banks and Banking.

-End-



-CITE-
    42 USC Sec. 8104                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT CORPORATION

-HEAD-
    Sec. 8104. Officers and employees

-STATUTE-
    (a) Employment, compensation and benefits
      The board shall have power to select, employ, and fix the salary
    and benefits of such officers, employees, attorneys, and agents as
    shall be necessary for the performance of its duties under this
    subchapter, without regard to the provisions of title 5 governing
    appointments in the competitive service, classification, and
    General Schedule pay rates, except that no officer, employee,
    attorney, or agent of the corporation may be paid salary at a rate
    in excess of the rate for level IV of the Executive Schedule. The
    Corporation shall also apply the provisions of section 5307(a)(1),
    (b)(1) and (b)(2) of title 5 governing limitations on certain pay
    as if its employees were Federal employees receiving payments under
    title 5.
    (b) Appointment of executive director
      The directors of the corporation shall appoint an executive
    director who shall serve as chief executive officer of the
    corporation.
    (c) Appointment and removal of employees by executive director
      The executive director of the corporation, subject to approval by
    the board, may appoint and remove such employees of the corporation
    as he determines necessary to carry out the purposes of the
    corporation.
    (d) Prohibition of political tests and qualifications in selection,
      etc., of personnel
      No political test or political qualification shall be used in
    selecting, appointing, promoting, or taking any other personnel
    action with respect to any officer, agent, or employee of the
    corporation or of any recipient, or in selecting or monitoring any
    grantee, contractor, or person or entity receiving financial
    assistance under this subchapter.
    (e) Employee status; applicability of administrative and cost
      standards of Office of Management and Budget
      Officers and employees of the corporation shall not be considered
    officers or employees of the United States, and the corporation
    shall not be considered a department, agency, or instrumentality of
    the Federal Government. The corporation shall be subject to
    administrative and cost standards issued by the Office of
    Management and Budget similar to standards applicable to non-profit
    grantees and educational institutions.

-SOURCE-
    (Pub. L. 95-557, title VI, Sec. 605, Oct. 31, 1978, 92 Stat. 2116;
    Pub. L. 108-199, div. G, title III,[(1), (2)], Jan. 23, 2004, 118
    Stat. 413.)

-REFTEXT-
                            REFERENCES IN TEXT                        
      The provisions of title 5 governing appointments in the
    competitive service, referred to in subsec. (a), are classified to
    section 3301 et seq. of Title 5, Government Organization and
    Employees.
      Level IV of the Executive Schedule, referred to in subsec. (a),
    is set out in section 5315 of Title 5, Government Organization and
    Employees.


-MISC1-
                                AMENDMENTS                            
      2004 - Subsec. (a). Pub. L. 108-199, title III, [(2)], added
    second sentence.
      Pub. L. 108-199, title III, [(1)], which directed the
    substitution of "salary" for "compensation", was executed by making
    the substitution both places that "compensation" appeared to
    reflect the probable intent of Congress.
      Pub. L. 108-199, title III, [(1)], which directed substitution of
    "rate for level IV of the Executive Schedule" for "highest rate
    provided for GS-18 of the General Schedule under section 5332 of
    title 5 United States Code", was executed by making the
    substitution for "highest rate provided for GS-18 of the General
    Schedule under section 5332 of title 5, United States Code" to
    reflect the probable intent of Congress.

-End-



-CITE-
    42 USC Sec. 8105                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT CORPORATION

-HEAD-
    Sec. 8105. Powers and duties of corporation

-STATUTE-
    (a) Continuance of work of Urban Reinvestment Task Force regarding
      neighborhood housing services programs and preservation projects
      (1) The corporation shall continue the work of the Urban
    Reinvestment Task Force in establishing neighborhood housing
    services programs in neighborhoods throughout the United States,
    monitoring their progress, and providing them with grants and
    technical assistance. For the purpose of this paragraph, a
    neighborhood housing services program may involve a partnership of
    neighborhood residents and representatives of local governmental
    and financial institutions, organized as a State-chartered non-
    profit corporation, working to bring about reinvestment in one or
    more neighborhoods through a program of systematic housing
    inspections, increased public investment, increased private
    lending, increased resident investment, and a revolving loan fund
    to make loans available at flexible rates and terms to homeowners
    not meeting private lending criteria.
      (2) The corporation shall continue the work of the Urban
    Reinvestment Task Force in identifying, monitoring, evaluating, and
    providing grants and technical assistance to selected neighborhood
    preservation projects which show promise as mechanisms for
    reversing neighborhood decline and improving the quality of
    neighborhood life.
      (3) The corporation shall experimentally replicate neighborhood
    preservation projects which have demonstrated success, and after
    creating reliable developmental processes, bring the new programs
    to neighborhoods throughout the United States which in the judgment
    of the corporation can benefit therefrom, by providing assistance
    in organizing programs, providing grants in partial support of
    program costs, and providing technical assistance to ongoing
    programs.
      (4) The corporation shall continue the work of the Urban
    Reinvestment Task Force in supporting Neighborhood Housing Services
    of America, a nonprofit corporation established to provide services
    to local neighborhood housing services programs, with support which
    may include technical assistance and grants to expand its national
    loan purchase pool and may contract with it for services which it
    can perform more efficiently or effectively than the corporation.
      (5) The corporation shall, in making and providing the foregoing
    grants and technical and other assistance, determine the reporting
    and management restrictions or requirements with which the
    recipients of such grants or other assistance must comply. In
    making such determinations, the corporation shall assure that
    recipients of grants and other assistance make available to the
    corporation such information as may be necessary to determine
    compliance with applicable Federal laws.
    (b) General administrative powers
      To carry out the foregoing purposes and engage in the foregoing
    activities, the corporation is authorized - 
        (1) to adopt, alter, and use a corporate seal;
        (2) to have succession until dissolved by Act of Congress;
        (3) to make and perform contracts, agreements, and commitments;
        (4) to sue and be sued, complain and defend, in any State,
      Federal, or other court;
        (5) to determine its necessary expenditures and the manner in
      which the same shall be incurred, allowed, and paid, and appoint,
      employ, and fix and provide for the compensation of consultants,
      without regard to any other law, except as provided in section
      8107(d) of this title;
        (6) to settle, adjust, and compromise, and with or without
      compensation or benefit to the corporation to release or waive in
      whole or in part, in advance or otherwise, any claim, demand, or
      right of, by, or against the corporation;
        (7) to invest such funds of the corporation in such investments
      as the board of directors may prescribe;
        (8) to acquire, take, hold, and own, and to deal with and
      dispose of any property; and
        (9) to exercise all other powers that are necessary and proper
      to carry out the purposes of this subchapter.
    (c) Contracting powers
      (1) The corporation may contract with the Office of Neighborhood
    Reinvestment of the Federal home loan banks for all staff,
    services, facilities, and equipment now or in the future furnished
    by the Office of Neighborhood Reinvestment to the Urban
    Reinvestment Task Force, including receiving the services of the
    Director of the Office of Neighborhood Reinvestment as the
    corporation's executive director.
      (2) The corporation shall have the power to award contracts and
    grants to - 
        (A) neighborhood housing services corporations and other
      nonprofit corporations engaged in neighborhood preservation
      activities; and
        (B) local governmental bodies.

      (3) The Secretary of Housing and Urban Development, the Federal
    Home Loan Bank Board and the Federal home loan banks, the Board of
    Governors of the Federal Reserve System and the Federal Reserve
    banks, the Federal Deposit Insurance Corporation, and the
    Comptroller of the Currency, the National Credit Union
    Administration or any other department, agency, or other
    instrumentality of the Federal Government are authorized to provide
    funds, services and facilities, with or without reimbursement,
    necessary to achieve the objectives and to carry out the purposes
    of this subchapter.
    (d) Non-profit nature of corporation
      (1) The corporation shall have no power to issue any shares of
    stocks, or to declare or pay any dividends.
      (2) No part of the income or assets of the corporation shall
    inure to the benefit of any director, officer, or employee, except
    as reasonable compensation for services or reimbursement for
    expenses.
      (3) The corporation may not contribute to or otherwise support
    any political party or candidate for elective public office.

-SOURCE-
    (Pub. L. 95-557, title VI, Sec. 606, Oct. 31, 1978, 92 Stat. 2117;
    Pub. L. 96-399, title III, Sec. 315(2), Oct. 8, 1980, 94 Stat.
    1645; Pub. L. 97-320, title VII, Sec. 710(b), Oct. 15, 1982, 96
    Stat. 1544.)


-MISC1-
                                AMENDMENTS                            
      1982 - Subsec. (c)(3). Pub. L. 97-320 inserted "funds," after
    "provide".
      1980 - Subsec. (a)(1). Pub. L. 96-399 substituted "monitoring"
    for "supervising".


-TRANS-
                           TRANSFER OF FUNCTIONS                       
      Federal Home Loan Bank Board abolished and functions transferred,
    see sections 401 to 406 of Pub. L. 101-73, set out as a note under
    section 1437 of Title 12, Banks and Banking.

-End-



-CITE-
    42 USC Sec. 8106                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT CORPORATION

-HEAD-
    Sec. 8106. Reports and audits

-STATUTE-
    (a) Annual report to President and Congress
      The corporation shall publish an annual report which shall be
    transmitted by the corporation to the President and the Congress.
    (b) Annual audit of accounts
      The accounts of the corporation shall be audited annually. Such
    audits shall be conducted in accordance with generally accepted
    auditing standards by independent certified public accountants who
    are certified by a regulatory authority of the jurisdiction in
    which the audit is undertaken.
    (c) Additional audits by Government Accountability Office
      In addition to the annual audit, the financial transactions of
    the corporation for any fiscal year during which Federal funds are
    available to finance any portion of its operations may be audited
    by the Government Accountability Office in accordance with such
    rules and regulations as may be prescribed by the Comptroller
    General of the United States.
    (d) Audit of grantees and contractors of corporation
      For any fiscal year during which Federal funds are available to
    finance any portion of the corporation's grants or contracts, the
    Government Accountability Office, in accordance with such rules and
    regulations as may be prescribed by the Comptroller General of the
    United States, may audit the grantees or contractors of the
    corporation.
    (e) Annual financial audit
      The corporation shall conduct or require each grantee or
    contractor to provide for an annual financial audit. The report of
    each such audit shall be maintained for a period of at least five
    years at the principal office of the corporation.

-SOURCE-
    (Pub. L. 95-557, title VI, Sec. 607, Oct. 31, 1978, 92 Stat. 2118;
    Pub. L. 104-66, title II, Sec. 2161, Dec. 21, 1995, 109 Stat. 731;
    Pub. L. 108-271, Sec. 8(b), July 7, 2004, 118 Stat. 814.)


-MISC1-
                                AMENDMENTS                            
      2004 - Subsecs. (c), (d). Pub. L. 108-271 substituted "Government
    Accountability Office" for "General Accounting Office".
      1995 - Subsec. (c). Pub. L. 104-66 struck out at end "The
    financial transactions of the corporation shall be audited by the
    General Accounting Office at least once during each three years."

      NATIONAL DEMONSTRATION PROGRAM OF MUTUAL HOUSING ASSOCIATIONS;
                            REPORT TO CONGRESS
      Pub. L. 96-399, title III, Sec. 316, Oct. 8, 1980, 94 Stat. 1645,
    directed submission to Congress, not later than Sept. 30, 1981, of
    report by Neighborhood Reinvestment Corporation, in conjunction
    with the National Consumer Cooperative Bank and the Secretary of
    Housing and Urban Development, on the findings, conclusions, and
    legislative recommendations reached as a result of the national
    demonstration program of mutual housing associations.

-End-



-CITE-
    42 USC Sec. 8107                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER I - NEIGHBORHOOD REINVESTMENT CORPORATION

-HEAD-
    Sec. 8107. Appropriations

-STATUTE-
    (a) Authorization
      (1) There are authorized to be appropriated to the corporation to
    carry out this subchapter $29,476,000 for fiscal year 1993 and
    $30,713,992 for fiscal year 1994. Not more than 15 percent of any
    amount appropriated under this paragraph for any fiscal year may be
    used for administrative expenses.
      (2) Of the amount appropriated pursuant to this subsection for
    any fiscal year, amounts appropriated in excess of the amount
    necessary to continue existing services of the Neighborhood
    Reinvestment Corporation in revitalizing declining neighborhoods
    shall be available - 
        (A) to expand the national neighborhood housing services
      network and to assist network capacity development, including
      expansion of rental housing resources;
        (B) to expand the loan purchase capacity of the national
      neighborhood housing services secondary market operated by
      Neighborhood Housing Services of America;
        (C) to make grants to provide incentives to extend low-income
      housing use in connection with properties subject to prepayment
      pursuant to the Low-Income Housing Preservation and Resident
      Ownership Act of 1990 [12 U.S.C. 4101 et seq.];
        (D) to increase the resources available to the national
      neighborhood housing services network programs for the purchase
      of multifamily and single-family properties owned by the
      Secretary of Housing and Urban Development for rehabilitation (if
      necessary) and sale to low- and moderate-income families; and
        (E) to provide matching capital grants, operating subsidies,
      and technical services to mutual housing associations for the
      development, acquisition, and rehabilitation of multifamily and
      single-family properties (including properties owned by the
      Secretary of Housing and Urban Development) to ensure
      affordability by low- and moderate-income families.
    (b) Availability of funds until expended
      Funds appropriated pursuant to this section shall remain
    available until expended.
    (c) Accounting and reporting of non-Federal funds
      Non-Federal funds received by the corporation, and funds received
    by any recipient from a source other than the corporation, shall be
    accounted for and reported as receipts and disbursements separate
    and distinct from Federal funds.
    (d) Preparation of business-type budget
      The corporation shall prepare annually a business-type budget
    which shall be submitted to the Office of Management and Budget,
    under such rules and regulations as the President may establish as
    to the date of submission, the form and content, the
    classifications of data, and the manner in which such budget
    program shall be prepared and presented. The budget of the
    corporation as modified, amended, or revised by the President shall
    be transmitted to the Congress as a part of the annual budget
    required by chapter 11 of title 31. Amendments to the annual budget
    program may be submitted from time to time.

-SOURCE-
    (Pub. L. 95-557, title VI, Sec. 608, Oct. 31, 1978, 92 Stat. 2119;
    Pub. L. 96-153, title III, Sec. 307, Dec. 21, 1979, 93 Stat. 1113;
    Pub. L. 96-399, title III, Sec. 315(3), Oct. 8, 1980, 94 Stat.
    1645; Pub. L. 97-35, title III, Sec. 314, Aug. 13, 1981, 95 Stat.
    398; Pub. L. 98-181, title I, Sec. 125, Nov. 30, 1983, 97 Stat.
    1175; Pub. L. 98-479, title II, Sec. 203(m), Oct. 17, 1984, 98
    Stat. 2231; Pub. L. 100-242, title V, Sec. 520(b), Feb. 5, 1988,
    101 Stat. 1938; Pub. L. 101-625, title IX, Sec. 917(c), Nov. 28,
    1990, 104 Stat. 4398; Pub. L. 102-550, title VIII, Sec. 831, Oct.
    28, 1992, 106 Stat. 3851.)

-REFTEXT-
                            REFERENCES IN TEXT                        
      The Low-Income Housing Preservation and Resident Ownership Act of
    1990, referred to in subsec. (a)(2)(C), probably means the Low-
    Income Housing Preservation and Resident Homeownership Act of
    1990, title II of Pub. L. 100-242, as amended by Pub. L. 101-625,
    title VI, Sec. 601(a), Nov. 28, 1990, 104 Stat. 4249, which is
    classified principally to chapter 42 (Sec. 4101 et seq.) of Title
    12, Banks and Banking. For complete classification of this Act to
    the Code, see Short Title note set out under section 4101 of Title
    12 and Tables.


-MISC1-
                                AMENDMENTS                            
      1992 - Subsec. (a)(1). Pub. L. 102-550, Sec. 831(a), amended
    first sentence generally, substituting present provisions for
    provisions authorizing appropriations of $35,000,000 for fiscal
    year 1991 and $36,500,000 for fiscal year 1992.
      Subsec. (a)(2). Pub. L. 102-550, Sec. 831(b), substituted "any
    fiscal year" for "each of the fiscal years 1991 and 1992" in
    introductory provisions.
      1990 - Subsec. (a). Pub. L. 101-625 amended subsec. (a)
    generally. Prior to amendment, subsec. (a) read as follows: "There
    are authorized to be appropriated to the corporation to carry out
    this subchapter $19,000,000 for fiscal year 1988, and $19,000,000
    for fiscal year 1989."
      1988 - Subsec. (a). Pub. L. 100-242 amended subsec. (a)
    generally, substituting appropriations authorization of $19,000,000
    for fiscal years 1988 and 1989 for prior authorizations not to
    exceed $16,512,000 for fiscal year 1984, and such sums as may be
    necessary for fiscal year 1985.
      1984 - Subsec. (d). Pub. L. 98-479 substituted "chapter 11 of
    title 31" for "the Budget and Accounting Act, 1921".
      1983 - Subsec. (a). Pub. L. 98-181 substituted appropriations
    authorization not in excess of $16,512,000 for fiscal year 1984,
    and such sums as may be necessary for fiscal year 1985 for prior
    authorization not to exceed $12,500,000, $12,000,000, $13,426,000,
    and $14,950,000 for fiscal years 1979, 1980, 1981, and 1982,
    respectively.
      1981 - Subsec. (a). Pub. L. 97-35 inserted authorized of
    appropriations for fiscal year 1982.
      1980 - Subsec. (a). Pub. L. 96-399 authorized appropriations of
    not to exceed $13,426,000 for fiscal year 1981.
      1979 - Subsec. (a). Pub. L. 96-153 authorized appropriation of
    $12,000,000 for fiscal year 1980.

                     EFFECTIVE DATE OF 1981 AMENDMENT                 
      Amendment by Pub. L. 97-35 effective Oct. 1, 1981, see section
    371 of Pub. L. 97-35, set out as an Effective Date note under
    section 3701 of Title 12, Banks and Banking.

        EXPANSION OF NATIONAL NEIGHBORHOOD HOUSING SERVICES NETWORK    
      Section 917(a), (b) of Pub. L. 101-625 provided that:
      "(a) Findings. - The Congress finds that - 
        "(1) protecting the existing stock of unsubsidized privately
      held lower income housing through the rehabilitation and
      revitalization of declining neighborhoods is essential to a
      national housing policy that seeks to increase the availability
      of affordable housing for low- and moderate-income families;
        "(2) the Neighborhood Reinvestment Corporation, the anchor of
      the national neighborhood housing services network, was chartered
      by Congress more than 10 years ago to revitalize neighborhoods
      for the benefit of current residents by mobilizing public,
      private, and community resources at the neighborhood level;
        "(3) the national neighborhood housing services network has
      proven its worth as a successful cost-effective program relying
      largely on local initiative for the specific design of local
      programs;
        "(4) the national neighborhood housing services network has had
      more than 10 years of experience in revitalizing declining
      neighborhoods, creating housing for low- and moderate-income
      families, and equipping residents with skills and resources
      required to maintain safe and healthy communities; and
        "(5) expanding upon the existing capabilities, resources, and
      potential of the national neighborhood housing services network
      is a cost-effective response to the affordable housing and
      neighborhood revitalization needs confronting the Nation, and is
      a strong preventive measure in addressing the national tragedy of
      homelessness.
      "(b) Purpose. - It is the purpose of this section [amending this
    section] to authorize appropriations for the Neighborhood
    Reinvestment Corporation for fiscal years 1991 and 1992 to permit
    the corporation - 
        "(1) to carefully expand the capacities of the national
      neighborhood housing services network;
        "(2) to begin to meet the urgent need for neighborhood housing
      services and mutual housing associations in neighborhoods across
      the Nation as the effort to preserve affordable housing for low-
      and moderate-income American families increases;
        "(3) to increase and provide ongoing technical and capacity
      development assistance to neighborhood housing services and
      related public-private partnership-based nonprofit institutions
      involved in the revitalization of neighborhoods for the benefit
      of current residents, rehabilitation, preservation of existing
      housing stock, and production of additional housing opportunities
      for low- and moderate-income families;
        "(4) to expand the loan purchase capacity of the national
      neighborhood housing services secondary market, operated by
      Neighborhood Housing Services of America, for loans made by
      neighborhood housing services to residents who are unable to meet
      conventional lending standards, and other loans for community
      development purposes;
        "(5) to provide increased capacity development and matching
      grants to preserve existing privately held unsubsidized rental
      housing affordable to low- and moderate-income households and to
      create flexible strategies effective in the diverse economic and
      geographic environments of the Nation;
        "(6) to make grants to provide incentives to extend low-income
      housing use in connection with properties subject to prepayment
      pursuant to the Low-Income Housing Preservation and Resident
      Ownership [Homeownership] Act of 1990 [12 U.S.C. 4101 et seq.];
        "(7) to increase the resources available to neighborhood
      housing services network programs for the purchase of multifamily
      and single-family properties owned by the Secretary of Housing
      and Urban Development for rehabilitation (if necessary) and sale
      to low- and moderate-income families;
        "(8) to expand the national mutual housing association
      demonstration by providing technical assistance and matching
      grants to assist low- and moderate-income families to participate
      in such associations;
        "(9) to increase resources available to neighborhood housing
      services network programs for foreclosure intervention and
      prevention; and
        "(10) to create additional neighborhood housing services
      partnership organizations to serve rural communities, Native
      Americans, Native Hawaiians, and other communities in need."

-End-


-CITE-
    42 USC SUBCHAPTER II - NEIGHBORHOOD SELF-HELP DEVELOPMENT    01/03/2007 

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER II - NEIGHBORHOOD SELF-HELP DEVELOPMENT

-HEAD-
            SUBCHAPTER II - NEIGHBORHOOD SELF-HELP DEVELOPMENT        

-End-



-CITE-
    42 USC Secs. 8121 to 8124                                   01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER II - NEIGHBORHOOD SELF-HELP DEVELOPMENT

-HEAD-
    Secs. 8121 to 8124. Repealed.

-MISC1-
    Secs. 8121 to 8124. Repealed. Pub. L. 97-35, title III, Sec.
      313(a), Aug. 13, 1981, 95 Stat. 398.
      Section 8121, Pub. L. 95-557, title VII, Sec. 702, Oct. 31, 1978,
    92 Stat. 2119, set forth congressional findings and statement of
    purposes for neighborhood self-help development programs.
      Section 8122, Pub. L. 95-557, title VII, Sec. 703, Oct. 31, 1978,
    92 Stat. 2120, defined terms applicable to subchapter.
      Section 8123, Pub. L. 95-557, title VII, Sec. 704, Oct. 31, 1978,
    92 Stat. 2120; Pub. L. 96-153, title I, Sec. 107(b), Dec. 21, 1979,
    93 Stat. 1104, set forth provisions respecting grants and other
    forms of assistance.
      Section 8124, Pub. L. 95-557, title VII, Sec. 705, Oct. 31, 1978,
    92 Stat. 2121; Pub. L. 96-153, title I, Sec. 107(a), Dec. 21, 1979,
    93 Stat. 1104; Pub. L. 96-399, title I, Sec. 115, Oct. 8, 1980, 94
    Stat. 1623, related to authorization of appropriations for grants.

                         EFFECTIVE DATE OF REPEAL                     
      Sections 8121 to 8124 repealed effective Oct. 1, 1981, see
    section 371 of Pub. L. 97-35, set out as an Effective Date note
    under section 3701 of Title 12, Banks and Banking.

-End-


-CITE-
    42 USC SUBCHAPTER III - LIVABLE CITIES                      01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER III - LIVABLE CITIES

-HEAD-
                      SUBCHAPTER III - LIVABLE CITIES                  

-End-



-CITE-
    42 USC Sec. 8141                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER III - LIVABLE CITIES

-HEAD-
    Sec. 8141. Congressional findings

-STATUTE-
      The Congress finds and declares - 
        (1) that artistic, cultural, and historic resources, including
      urban design, constitute an integral part of a suitable living
      environment for the residents of the Nation's urban areas, and
      should be available to all residents of such areas, regardless of
      income;
        (2) that the development or preservation of such resources is a
      significant and necessary factor in restoring and maintaining the
      vitality of the urban environment, and can serve as a catalyst
      for improving decaying or deteriorated urban communities and
      expanding economic opportunities, and for creating a sense of
      community identity, spirit, and pride; and
        (3) that the encouragement and support of local initiatives to
      develop or preserve such resources, particularly in connection
      with federally assisted housing or community development
      activities or in communities with a high proportion of low-income
      residents, is an appropriate function of the Federal Government.

-SOURCE-
    (Pub. L. 95-557, title VIII, Sec. 802, Oct. 31, 1978, 92 Stat.
    2122.)


-MISC1-
                                SHORT TITLE                            
      For short title of this subchapter as the "Livable Cities Act of
    1978", see section 801 of Pub. L. 95-557, set out as a note under
    section 8101 of this title.

-End-



-CITE-
    42 USC Sec. 8142                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER III - LIVABLE CITIES

-HEAD-
    Sec. 8142. Statement of purpose

-STATUTE-
      The primary purpose of this subchapter is to assist the efforts
    of States, local governments, neighborhood and other organizations
    to provide a more suitable living environment, expand cultural
    opportunities, and to the extent practicable, stimulate economic
    opportunities, primarily for the low and moderate income residents
    of communities and neighborhoods in need of conservation and
    revitalization, through the utilization, design or development of
    artistic, cultural, or historic resources.

-SOURCE-
    (Pub. L. 95-557, title VIII, Sec. 803, Oct. 31, 1978, 92 Stat.
    2122.)

-End-



-CITE-
    42 USC Sec. 8143                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER III - LIVABLE CITIES

-HEAD-
    Sec. 8143. Definitions

-STATUTE-
      For the purpose of this subchapter - 
        (1) the terms "art" and "arts" include, but are not limited to,
      architecture (including preservation, restoration, or adaptive
      use of existing structures), landscape architecture, urban
      design, interior design, graphic arts, fine arts (including
      painting and sculpture), performing arts (including music, drama,
      and dance), literature, crafts, photography, communications media
      and film, as well as other similar activities which reflect the
      cultural heritage of the Nation's communities and their citizens;
        (2) the term "nonprofit organization" means an organization in
      which no part of its net earnings inures to the benefit of any
      private stockholder or stockholders, individual or individuals
      and, if a private entity, which is not disqualified for tax
      exemption under section 501(c)(3) of title 26 by reason of
      attempting to influence legislation and does not participate in
      or intervene in (including the publishing or distribution of
      statements) any political campaign on behalf of any candidate for
      public office; such organizations may include States and units of
      local government (including public agencies or special
      authorities thereof), regional organizations of local governments
      and nonprofit societies, neighborhood groups, institutions,
      organizations, associations or museums;
        (3) the term "project" means a program or activity intended to
      carry out the purposes of this subchapter, including programs for
      neighborhood and community-based arts programs, urban design,
      user needs design, and the encouragement of the preservation of
      historic or other structures which have neighborhood or community
      significance;
        (4) the term "Secretary" means the Secretary of Housing and
      Urban Development;
        (5) the term "Chairman" means the Chairman of the National
      Endowment for the Arts;
        (6) the term "Department" means the Department of Housing and
      Urban Development; and
        (7) the term "Endowment" means the National Endowment for the
      Arts.

-SOURCE-
    (Pub. L. 95-557, title VIII, Sec. 804, Oct. 31, 1978, 92 Stat.
    2122; Pub. L. 99-514, Sec. 2, Oct. 22, 1986, 100 Stat. 2095.)


-MISC1-
                                AMENDMENTS                            
      1986 - Par. (2). Pub. L. 99-514 substituted "Internal Revenue
    Code of 1986" for "Internal Revenue Code of 1954", which for
    purposes of codification was translated as "title 26" thus
    requiring no change in text.

-End-



-CITE-
    42 USC Sec. 8144                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER III - LIVABLE CITIES

-HEAD-
    Sec. 8144. Grants to or contracts with organizations

-STATUTE-
    (a) Authorization; purposes
      The Secretary is authorized to make grants to, or enter into
    contracts with, nonprofit organizations for the purpose of enabling
    such organizations to undertake or support in cities, urban
    communities, or neighborhoods, projects which the Secretary, in
    consultation with the Chairman, determines will carry out the
    purposes of this subchapter and which - 
        (1) have substantial artistic, cultural, historical, or design
      merit,
        (2) represent community or neighborhood initiatives which have
      a significant potential for conserving or revitalizing
      communities or neighborhoods, and for enhancing community or
      neighborhood identity and pride, and
        (3) meet the criteria established jointly by the Secretary and
      the Chairman pursuant to this section.
    (b) Establishment of criteria and procedures for evaluation and
      selection of projects; scope of criteria
      The Secretary and the Chairman shall establish jointly criteria
    and procedures for evaluating and selecting projects to be assisted
    under this subchapter. Such criteria shall address, but need not be
    limited to - 
        (1) artistic, cultural, historical, or design quality;
        (2) the degree of broadly based, active involvement of
      neighborhood residents, community groups, local officials, and
      persons with expertise in the arts with the proposed project;
        (3) the degree of or the potential for utilization or
      stimulation of assistance or cooperation from other Federal,
      State, and local public and private sources, including arts
      organizations;
        (4) the feasibility of project implementation, including the
      capability of the sponsor organization;
        (5) the potential contribution to neighborhood revitalization
      and the creation of a sense of community identity and pride;
        (6) the potential for stimulating neighborhood economic and
      community development, particularly for the benefit of persons of
      low and moderate income; and
        (7) the potential of utilization of the project by neighborhood
      residents, particularly residents of low and moderate income,
      senior citizens, and handicapped persons.
    (c) Application requirements
      No assistance shall be made under this subchapter except upon
    application therefor submitted to the Secretary in accordance with
    regulations and procedures established jointly by the Secretary and
    the Chairman.
    (d) Consultation requirements
      Prior to the approval of any application for assistance under
    this subchapter, the Secretary shall consult with the Chairman and,
    in accordance with regulations and procedures established jointly
    by the Secretary and the Chairman, seek the recommendations of
    State and local officials and private citizens who have broad
    knowledge of, or experience or expertise in, community and economic
    development and revitalization, and of such officials and citizens
    who have broad knowledge of, or expertise in, the arts.
    (e) Regulations respecting matching requirements; waiver, etc.
      The Secretary, in cooperation with the Chairman, shall prescribe
    regulations which require that specific portions of the cost of any
    projects assisted under this subchapter shall be provided from
    sources other than funds made available under this subchapter. Such
    matching requirements may vary depending on the type of applicant,
    and the Secretary may reduce or waive such requirements solely in
    order to take account of the financial capacity of the applicant.
    (f) Certification of application
      Grants and other assistance may be made available under this
    subchapter only if the application contains a certification by the
    unit of general local government in which the project will be
    located that the project is consistent with and supportive of the
    objectives of that government for the area in which the project is
    located.
    (g) Available funds not to supplant other public or private funds
      Funds made available under this subchapter shall not be used to
    supplant other public or private funds.
    (h) Availability of funds for administrative expenses
      No more than 10 per centum of the funds appropriated for any
    fiscal year under section 8146 of this title shall be available for
    administrative expenses.

-SOURCE-
    (Pub. L. 95-557, title VIII, Sec. 805, Oct. 31, 1978, 92 Stat.
    2123.)

-End-



-CITE-
    42 USC Sec. 8145                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER III - LIVABLE CITIES

-HEAD-
    Sec. 8145. Coordination and development of program with other
      Federal and non-Federal programs

-STATUTE-
      The Secretary shall coordinate the administration of the
    provisions of this subchapter in cooperation with other Federal
    agencies and assure that projects assisted under this subchapter
    are coordinated with efforts undertaken by State and local public
    and private entities, including arts organizations.

-SOURCE-
    (Pub. L. 95-557, title VIII, Sec. 806, Oct. 31, 1978, 92 Stat.
    2124.)

-End-



-CITE-
    42 USC Sec. 8146                                            01/03/2007

-EXPCITE-
    TITLE 42 - THE PUBLIC HEALTH AND WELFARE
    CHAPTER 90 - NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND
                  REVITALIZATION                  
    SUBCHAPTER III - LIVABLE CITIES

-HEAD-
    Sec. 8146. Authorization of appropriations

-STATUTE-
      There are authorized to be appropriated for carrying out the
    purposes of this subchapter not to exceed $5,000,000 for fiscal
    year 1979, and not to exceed $5,000,000 for fiscal year 1980. Any
    amounts appropriated under this section shall remain available
    until expended.

-SOURCE-
    (Pub. L. 95-557, title VIII, Sec. 807, Oct. 31, 1978, 92 Stat.
    2124; Pub. L. 96-153, title I, Sec. 108, Dec. 21, 1979, 93 Stat.
    1105.)


-MISC1-
                                AMENDMENTS                            
      1979 - Pub. L. 96-153 reduced authorization of appropriation for
    fiscal year 1980 from "$10,000,000" to "$5,000,000".

-End-