Source: https://www.law.cornell.edu/uscode/text/42/12742
Timestamp: 2017-03-30 00:55:32
Document Index: 776420849

Matched Legal Cases: ['§ 12742', '§ 12742', '§ 12742', '§\u202f12742', '§\u202f212', '§\u202f203', '§\u202f1012', '§\u202f522', '§\u202f601', '§\u202f4101', '§\u202f207', '§\u202f205', '§\u202f203', '§\u202f204', '§\u202f204', '§\u202f203', '§\u202f203', '§\u202f1012', '§\u202f207', '§\u202f207', '§\u202f207', '§\u202f206', '§\u202f207', '§\u202f207']

42 U.S. Code § 12742 - Eligible uses of investment | US Law | LII / Legal Information Institute
U.S. Code › Title 42 › Chapter 130 › Subchapter II › Part A › § 12742 42 U.S. Code § 12742 - Eligible uses of investment
§ 12742.
Eligible uses of investment
Funds made available under this part may be used by participating jurisdictions to provide incentives to develop and support affordable rental housing and homeownership affordability through the acquisition, new construction, reconstruction, or moderate or substantial rehabilitation of affordable housing, including real property acquisition, site improvement, conversion, demolition, and other expenses, including financing costs, relocation expenses of any displaced persons, families, businesses, or organizations, to provide for the payment of reasonable administrative and planning costs, to provide for the payment of operating expenses of community housing development organizations, and to provide tenant-based rental assistance. For the purpose of this part, the term “affordable housing” includes permanent housing for disabled homeless persons, transitional housing, and single room occupancy housing.
(2) Preference to rehabilitationA participating jurisdiction shall give preference to rehabilitation of substandard housing unless the jurisdiction determines that—
such rehabilitation is not the most cost effective way to meet the jurisdiction’s need to expand the supply of affordable housing; and
the jurisdiction’s housing needs cannot be met through rehabilitation of the available stock.
The Secretary shall not restrict a participating jurisdiction’s choice of rehabilitation, substantial rehabilitation, new construction, reconstruction, acquisition, or other eligible housing use unless such restriction is explicitly authorized under section 12753(2) of this title.
(A) In generalA participating jurisdiction may use funds provided under this part for tenant-based rental assistance only if—
the jurisdiction certifies that the use of funds under this part for tenant-based rental assistance is an essential element of the jurisdiction’s annual housing strategy for expanding the supply, affordability, and availability of decent, safe, sanitary, and affordable housing, and specifies the local market conditions that lead to the choice of this option; and
the tenant-based rental assistance is provided in accordance with written tenant selection policies and criteria that are consistent with the purposes of providing housing to very low- and low-income families and are reasonably related to preference rules established under section 1437d(c)(4)(A) [1] of this title.
A jurisdiction’s section 8 [42 U.S.C. 1437f] fair share allocation shall be unaffected by the use of assistance under this subchapter.
(d) Prohibited usesFunds made available under this part may not be used to—
defray any administrative cost of a participating jurisdiction that exceed the amount specified under subsection (c),
provide tenant-based rental assistance for the special purposes of the existing section 8 [42 U.S.C. 1437f] program, including replacing public housing that is demolished or disposed of, preserving federally assisted housing, assisting in the disposition of housing owned or held by the Secretary, preventing displacement from rental rehabilitation projects, or extending or renewing tenant-based assistance under section 1437f of this title,
provide non-Federal matching contributions required under any other Federal program,
provide assistance authorized under section 1437g of this title,
carry out activities authorized under section 1437g(d)(1) 1 of this title, or
provide assistance to eligible low-income housing under the Emergency Low Income Housing Preservation Act of 1987 or the Low-Income Housing Preservation and Resident Homeownership Act of 1990 [12 U.S.C. 4101 et seq.].
(2) CriteriaIn calculating per unit limits, the Secretary shall take into account that assistance under this subchapter is intended to—
provide nonluxury housing with suitable amenities;
operate effectively in all jurisdictions;
facilitate mixed-income housing; and
reflect the costs associated with meeting the special needs of tenants or homeowners that the housing is designed to serve.
(Pub. L. 101–625, title II, § 212, Nov. 28, 1990, 104 Stat. 4097; Pub. L. 102–550, title II, §§ 203(a), 204–207(b), (d), title X, § 1012(e), Oct. 28, 1992, 106 Stat. 3752–3754, 3905; Pub. L. 105–276, title V, § 522(b)(5), Oct. 21, 1998, 112 Stat. 2565.)
Section 1437d(c)(4)(A) of this title, referred to in subsec. (a)(3)(A)(ii), was in the original “section 6(c)(4)(A) of the Housing Act of 1937”, and was translated as reading “section 6(c)(4)(A) of the United States Housing Act of 1937”, act Sept. 1, 1937, ch. 896, to reflect the probable intent of Congress.
Section 1437g(d)(1) of this title, referred to in subsec. (d)(5), was in the original “section 9(d)(1) of the Housing Act of 1937”, and was translated as reading “section 9(d)(1) of the United States Housing Act of 1937”, act Sept. 1, 1937, ch. 896, to reflect the probable intent of Congress.
The Emergency Low Income Housing Preservation Act of 1987, referred to in subsec. (d)(6), is title II of Pub. L. 100–242, Feb. 5, 1988, 102 Stat. 1877, as amended, which was classified principally as a note under section 1715l of Title 12, Banks and Banking. Title II of Pub. L. 100–242, was amended generally by Pub. L. 101–625, title VI, § 601(a), Nov. 28, 1990, 104 Stat. 4249, and is now known as the Low-Income Housing Preservation and Resident Homeownership Act of 1990, which is classified principally to chapter 42 (§ 4101 et seq.) of Title 12. For complete classification of this Act to the Code, see Short Title note set out under section 4101 of Title 12 and Tables.
1998—Subsec. (d)(5). Pub. L. 105–276 substituted “section 1437g(d)(1)” for “section 1437l”.
1992—Subsec. (a)(1). Pub. L. 102–550, § 207(a), inserted “to provide for the payment of reasonable administrative and planning costs, to provide for the payment of operating expenses of community housing development organizations,” after “or organizations,”.
Pub. L. 102–550, § 205, inserted at end “For the purpose of this part, the term ‘affordable housing’ includes permanent housing for disabled homeless persons, transitional housing, and single room occupancy housing.”
Subsec. (a)(2). Pub. L. 102–550, § 203(a)(1), struck out “under paragraph (3) of this subsection or” after “authorized” in concluding provisions.
Subsec. (a)(3). Pub. L. 102–550, § 204(b), added cl. (ii) of par. (3)(A) and struck out former cl. (ii) which read as follows: “the tenant-based rental assistance is provided to persons from the waiting lists eligible for section 8 assistance in accordance with the applicable preferences.”
Pub. L. 102–550, § 204(a), added subpar. (E).
Pub. L. 102–550, § 203(a)(2), (3), redesignated par. (4) as (3) and struck out former par. (3) which provided for conditions for new construction of housing.
Subsec. (a)(4). Pub. L. 102–550, § 203(a)(3), redesignated par. (4) as (3).
Subsec. (a)(5). Pub. L. 102–550, § 1012(e), added par. (5).
Subsec. (c). Pub. L. 102–550, § 207(b)(3), added subsec. (c). Former subsec. (c) redesignated (d).
Pub. L. 102–550, § 207(b)(1), inserted before comma at end of par. (1) “that exceed the amount specified under subsection (c)”.
Subsec. (d). Pub. L. 102–550, § 207(b)(2), redesignated subsec. (c) as (d). Former subsec. (d) redesignated (e).
Pub. L. 102–550, § 206, inserted after first sentence of par. (1) “For multifamily housing, such limits shall not be less than the per unit dollar amount limitations set forth in section 1715l(d)(3)(ii) of title 12, as such limitations may be adjusted in accordance therewith, except that for purposes of this subsection the Secretary shall, by regulation, increase the per unit dollar amount limitations in any geographical area by an amount, not to exceed 140 percent, that equals the amount by which the costs of multifamily housing construction in the area exceed the national average of such costs.”
Subsecs. (e), (f). Pub. L. 102–550, § 207(b)(2), redesignated subsecs. (d) and (e) as (e) and (f), respectively.
Subsec. (g). Pub. L. 102–550, § 207(d), added subsec. (g).