Source: https://www.law.cornell.edu/uscode/text/42/11408a
Timestamp: 2015-11-29 03:57:38
Document Index: 7633244

Matched Legal Cases: ['§ 11408', '§ 11408', '§ 11408', '§\u202f11408', '§\u202f592', '§\u202f1414', '§\u202f1471']

42 U.S. Code § 11408a - Use of FMHA inventory for transitional housing for homeless persons and for turnkey housing | US Law | LII / Legal Information Institute
U.S. Code › Title 42 › Chapter 119 › Subchapter IV › Part D › § 11408a 42 U.S. Code § 11408a - Use of FMHA inventory for transitional housing for homeless persons and for turnkey housing
§ 11408a.
Use of FMHA inventory for transitional housing for homeless persons and for turnkey housing
(a) In generalThe Secretary of Agriculture (in this section referred to as the “Secretary”) shall, on a priority basis, lease or sell program and nonprogram inventory properties held by the Secretary under title V of the Housing Act of 1949 [42 U.S.C. 1471 et seq.]—
to provide transitional housing; and
to provide turnkey housing for tenants of such transitional housing and for eligible families.
(b) PriorityThe priority uses of inventory property under this section shall not have a higher priority than—
the disposition of such property by sale to eligible families; or
the disposition of such property by transfer for use as rental housing by eligible families.
(1) Identification of propertyUpon receipt by the Secretary of written notification from a public agency or nonprofit organization that it proposes to lease a property for the purpose of providing transitional housing or for the purpose of providing transitional housing and turnkey housing opportunities, the Secretary shall—
withdraw the property from the market for not more than 30 days for the purpose of negotiations under subparagraph (B);
negotiate a lease agreement with the organization or agency; and
if a lease is agreed to, commence the repairs necessary to make the property meet standards for decent, safe, and sanitary housing.
(2) Lease termsA lease of inventory property under this section shall—
be for a period of not more than 10 years;
provide for the payment of $1 for the 10-year lease; and
the right to use the property for transitional housing; and
the option to arrange for the sale of the property to an eligible purchaser.
(1) Identification of propertyUpon receipt by the Secretary of written notification from a public agency or nonprofit organization that it proposes to purchase a property for the purpose of providing transitional housing or for the purpose of providing transitional housing and turnkey housing opportunities, the Secretary shall—
negotiate a purchase agreement with the organization or agency; and
if a purchase agreement is agreed to, commence the repairs necessary to make the property meet standards for decent, safe, and sanitary housing.
(Pub. L. 100–77, title IV, § 592[492], as added Pub. L. 102–550, title XIV, § 1414, Oct. 28, 1992, 106 Stat. 4041.)
The Housing Act of 1949, referred to in subsecs. (a) and (c)(2), is act July 15, 1949, ch. 338, 63 Stat. 413, as amended. Title V of the Act is classified generally to subchapter III (§ 1471 et seq.) of chapter 8A of this title. For complete classification of this Act to the Code, see Short Title note set out under section 1441 of this title and Tables.