§ 1703. Insurance of financial institutions

Footnotes

1. 1 So in original. The word “and” probably should not appear.
2. 2 So in original. The period probably should be “; and”.
3. 3 So in original. Probably should be followed by a period.
4. 4 See References in Text note below.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1934

   National Housing Act.”

   Pub. L. 73–847 · 48 Stat. 1246

   Enacted · 12 U.S.C. § 1703

   June 27, 1934, ch. 847, title I, § 2, 48 Stat. 1246

   Source evidence

   Code source credit
   June 27, 1934, ch. 847, title I, § 2, 48 Stat. 1246

2. 1935

   Public Law not identified

   Substituted · 12 U.S.C. § 1703(a)

   Subsec. (a). Act Aug. 23, 1935, substituted “and the purchase and installation of equipment and machinery on real property” for “including the installation of equipment and machinery” in first sentence

   Unresolved: No Public Law or Statutes at Large citation in the Code source.

   Source evidence

   Code amendment note
   Subsec. (a). Act Aug. 23, 1935, substituted “and the purchase and installation of equipment and machinery on real property” for “including the installation of equipment and machinery” in first sentence.

   Act May 28, 1935, substituted “April” for “January” in first sentence and inserted “including the installation of equipment and machinery”, and amended generally the last sentence.

3. 1936

   Public Law not identified

   Amended · 12 U.S.C. § 1703(a)(d)

   Subsecs. (a) to (d). Act Apr. 3, 1936, amended provisions generally

   Unresolved: No Public Law or Statutes at Large citation in the Code source.

   Source evidence

   Code amendment note
   Subsecs. (a) to (d). Act Apr. 3, 1936, amended provisions generally.

4. 1936

   Public Law not identified

   Added · 12 U.S.C. § 1703(e)

   Subsec. (e). Act Apr. 17, 1936, added subsec. (e)

   Unresolved: No Public Law or Statutes at Large citation in the Code source.

   Source evidence

   Code amendment note
   Subsec. (e). Act Apr. 17, 1936, added subsec. (e).

5. 1937

   Public Law not identified

   Changed · 12 U.S.C. § 1703(a)

   Subsec. (a). Act Apr. 22, 1937, in third sentence, limited the total liability for all insurance under this section and former section 1026a of this title, not to exceed in the aggregate $100,000,000

   Unresolved: No Public Law or Statutes at Large citation in the Code source.

   Source evidence

   Code amendment note
   Subsec. (a). Act Apr. 22, 1937, in third sentence, limited the total liability for all insurance under this section and former section 1026a of this title, not to exceed in the aggregate $100,000,000.

6. 1938

   Public Law not identified

   Amended · 12 U.S.C. § 1703(a); 12 U.S.C. § 1703(b)

   Subsecs. (a), (b). Act Feb. 3, 1938, amended provisions generally

   Unresolved: No Public Law or Statutes at Large citation in the Code source.

   Source evidence

   Code amendment note
   Subsecs. (a), (b). Act Feb. 3, 1938, amended provisions generally.

7. 1939

   Public Law not identified

   Amended · 12 U.S.C. § 1703(a); 12 U.S.C. § 1703(b)

   Subsecs. (a), (b). Act June 3, 1939, § 1, amended provisions generally

   Unresolved: No Public Law or Statutes at Large citation in the Code source.

   Source evidence

   Code amendment note
   Subsecs. (a), (b). Act June 3, 1939, § 1, amended provisions generally.

8. 1939

   Public Law not identified

   Added · 12 U.S.C. § 1703(f); 12 U.S.C. § 1703(g)

   Subsecs. (f), (g). Act June 3, 1939, § 2, added subsecs. (f) and (g)

   Unresolved: No Public Law or Statutes at Large citation in the Code source.

   Source evidence

   Code amendment note
   Subsecs. (f), (g). Act June 3, 1939, § 2, added subsecs. (f) and (g).

9. 1941

   Public Law not identified

   1. Substituted · 12 U.S.C. § 1703(a)

      Subsec. (a). Act June 28, 1941, §§ 1, 2, substituted “July 1, 1943” for “July 1, 1941” in first sentence; inserted “and other sources” after “premiums”;

   2. Substituted · 12 U.S.C. § 1703(a)

      Subsec. (a). Act June 28, 1941, §§ 1, 2, substituted “$165,000,000” for “$100,000,000”

   Unresolved: No Public Law or Statutes at Large citation in the Code source.

   Source evidence

   Code amendment note
   Subsec. (a). Act June 28, 1941, §§ 1, 2, substituted “July 1, 1943” for “July 1, 1941” in first sentence; inserted “and other sources” after “premiums”; and substituted “$165,000,000” for “$100,000,000”.

10. 1941

    Public Law not identified

    1. Substituted · 12 U.S.C. § 1703(b)

       Subsec. (b). Act June 28, 1941, § 3, substituted “made for the purpose of financing the alteration, repair, or improvement of existing structures exceeds $2,500 (or in the case of the alteration, repair, or improvement of an existing dwelling designed or to be designed for more than one family, exceeds $5,000), or for the purpose of financing the construction of new structures exceeds $3,000” for “exceeds $2,500”

    2. Substituted · 12 U.S.C. § 1703(b)

       Subsec. (b). Act June 28, 1941, § 3, substituted “where the loan, advance of credit, or purchase does not exceed $2,500, or has a maturity in excess of five years and thirty-two days, where the loan, advance of credit, or purchase exceeds $2,500 but does not exceed $5,000; except that such maturity limitations shall not apply if” for “unless”

    3. Inserted · 12 U.S.C. § 1703(b)

       Subsec. (b). Act June 28, 1941, § 3, inserted proviso at end

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (b). Act June 28, 1941, § 3, substituted “made for the purpose of financing the alteration, repair, or improvement of existing structures exceeds $2,500 (or in the case of the alteration, repair, or improvement of an existing dwelling designed or to be designed for more than one family, exceeds $5,000), or for the purpose of financing the construction of new structures exceeds $3,000” for “exceeds $2,500”; substituted in cl. (2) “where the loan, advance of credit, or purchase does not exceed $2,500, or has a maturity in excess of five years and thirty-two days, where the loan, advance of credit, or purchase exceeds $2,500 but does not exceed $5,000; except that such maturity limitations shall not apply if” for “unless”; and inserted proviso at end.

11. 1941

    Public Law not identified

    1. Amended · 12 U.S.C. § 1703(c)

       Subsec. (c). Act June 28, 1941, § 4, designated existing provisions as par. (1)

    2. Inserted · 12 U.S.C. § 1703(c)

       Subsec. (c). Act June 28, 1941, § 4, inserted “personal” before “property”

    3. Added · 12 U.S.C. § 1703(c)

       Subsec. (c). Act June 28, 1941, § 4, added par. (2)

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (c). Act June 28, 1941, § 4, designated existing provisions as par. (1), inserted “personal” before “property”, and added par. (2).

12. 1941

    Public Law not identified

    Inserted · 12 U.S.C. § 1703(f)

    Subsec. (f). Act June 28, 1941, § 5, inserted “and all moneys collected by the Administrator as fees of any kind in connection with the granting of insurance as provided in this section, and all moneys derived from the sale, collection, disposition, or compromise of any evidence of debt, contract, claim, property, or security assigned to or held by the Administrator as provided in subsection (c) of this section with respect to insurance collected on and after July 1, 1939” in last sentence

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (f). Act June 28, 1941, § 5, inserted “and all moneys collected by the Administrator as fees of any kind in connection with the granting of insurance as provided in this section, and all moneys derived from the sale, collection, disposition, or compromise of any evidence of debt, contract, claim, property, or security assigned to or held by the Administrator as provided in subsection (c) of this section with respect to insurance collected on and after July 1, 1939” in last sentence.

13. 1942

    Public Law not identified

    Amended · 12 U.S.C. § 1703(b)

    Subsec. (b). Act May 26, 1942, amended provisions generally

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (b). Act May 26, 1942, amended provisions generally.

14. 1943

    Public Law not identified

    Substituted · 12 U.S.C. § 1703(a)

    Subsec. (a). Act Oct. 15, 1943, substituted “1947” for “1944” in first sentence

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (a). Act Oct. 15, 1943, substituted “1947” for “1944” in first sentence.

    Act Mar. 23, 1943, substituted “1944” for “1943” in first sentence.

15. 1943

    Public Law not identified

    Struck · 12 U.S.C. § 1703(f)

    Subsec. (f). Act Oct. 15, 1943, § 4, struck out “three-fourths of” before “1 per centum” in first sentence

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (f). Act Oct. 15, 1943, § 4, struck out “three-fourths of” before “1 per centum” in first sentence.

16. 1947

    Public Law not identified

    Changed · 12 U.S.C. § 1703(a)

    Subsec. (a). Act June 26, 1947, extended provisions of section for two years from 1947 to 1949

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (a). Act June 26, 1947, extended provisions of section for two years from 1947 to 1949.

17. 1948

    Public Law not identified

    Substituted · 12 U.S.C. § 1703(a)

    Subsec. (a). Act Aug. 10, 1948, § 101(s)(1), substituted “$200,000,000” for “$165,000,000”

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (a). Act Aug. 10, 1948, § 101(s)(1), substituted “$200,000,000” for “$165,000,000”.

18. 1948

    Public Law not identified

    1. Substituted · 12 U.S.C. § 1703(b)

       Subsec. (b). Act Aug. 10, 1948, § 101(s)(2)–(4), substituted “$4,500” for “$3,000”

    2. Struck and inserted · 12 U.S.C. § 1703(b)

       Subsec. (b). Act Aug. 10, 1948, § 101(s)(2)–(4), struck out first proviso and inserted in lieu a new proviso

    3. Struck · 12 U.S.C. § 1703(b)

       Subsec. (b). Act Aug. 10, 1948, § 101(s)(2)–(4), struck out last sentence

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (b). Act Aug. 10, 1948, § 101(s)(2)–(4), substituted “$4,500” for “$3,000”, struck out first proviso and inserted in lieu a new proviso, and struck out last sentence.

19. 1949

    Public Law not identified

    1. Substituted · 12 U.S.C. § 1703(a)

       Subsec. (a). Joint Res. Oct. 25, 1949, substituted “March 1, 1950” for “November 1, 1949” in last sentence

    2. Substituted · 12 U.S.C. § 1703(a)

       Subsec. (a). Joint Res. Oct. 25, 1949, substituted “$225,000,000” for “$200,000,000” in last sentence

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (a). Joint Res. Oct. 25, 1949, substituted “March 1, 1950” for “November 1, 1949” in first sentence and “$225,000,000” for “$200,000,000” in last sentence.

    Act Aug. 30, 1949, substituted “November 1, 1949” for “September 1, 1949”. Act July 15, 1949, substituted “September 1, 1949” for “July 1, 1949”.

20. 1950

    Public Law not identified

    Substituted · 12 U.S.C. § 1703(a)

    Subsec. (a). Act Apr. 20, 1950, § 101(a)(1), (2), substituted “July 1, 1955” for “Mar. 1, 1950”, and limited the total amount of outstanding loans with respect to which insurance is granted under this section to $1,250,000,000 outstanding at any one time

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (a). Act Apr. 20, 1950, § 101(a)(1), (2), substituted “July 1, 1955” for “Mar. 1, 1950”, and limited the total amount of outstanding loans with respect to which insurance is granted under this section to $1,250,000,000 outstanding at any one time.

21. 1950

    Public Law not identified

    Substituted · 12 U.S.C. § 1703(b)(1)

    Subsec. (b)(1). Act Apr. 20, 1950, § 101(a)(3), substituted “$3,000” for “$4,500”

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (b)(1). Act Apr. 20, 1950, § 101(a)(3), substituted “$3,000” for “$4,500”.

22. 1950

    Public Law not identified

    Struck · 12 U.S.C. § 1703(b)(2)

    Subsec. (b)(2). Act Apr. 20, 1950, § 101(a)(4), struck out “residential or” before “agricultural purposes”

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (b)(2). Act Apr. 20, 1950, § 101(a)(4), struck out “residential or” before “agricultural purposes”.

23. 1950

    Public Law not identified

    Substituted · 12 U.S.C. § 1703(f)

    Subsec. (f). Act Apr. 20, 1950, § 101(a)(5), substituted “section” for “subchapter” wherever appearing

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (f). Act Apr. 20, 1950, § 101(a)(5), substituted “section” for “subchapter” wherever appearing.

24. 1953

    Public Law not identified

    Changed · 12 U.S.C. § 1703(a)

    Subsec. (a). Act Mar. 10, 1953, increased the Subchapter I loan insurance authorization from $1,250,000,000 to $1,750,000,000

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (a). Act Mar. 10, 1953, increased the Subchapter I loan insurance authorization from $1,250,000,000 to $1,750,000,000.

25. 1954

    Public Law not identified

    1. Inserted · 12 U.S.C. § 1703(a)

       Subsec. (a). Act Aug. 2, 1954, § 101(a), in second sentence, inserted proviso restricting claims for losses on individual loans, advances of credit, and purchases to 90 per centum of loss in each such case

    2. Added · 12 U.S.C. § 1703(a)

       Subsec. (a). Act Aug. 2, 1954, § 101(a), in second sentence, added second par

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (a). Act Aug. 2, 1954, § 101(a), in second sentence, inserted proviso restricting claims for losses on individual loans, advances of credit, and purchases to 90 per centum of loss in each such case, and added second par.

26. 1954

    Public Law not identified

    Inserted · 12 U.S.C. § 1703(f)

    Subsec. (f). Act Aug. 2, 1954, § 102, inserted last two sentences with respect to termination of the Title I Claims Account as of August 1, 1954

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (f). Act Aug. 2, 1954, § 102, inserted last two sentences with respect to termination of the Title I Claims Account as of August 1, 1954.

27. 1955

    Public Law not identified

    Substituted · 12 U.S.C. § 1703(a)

    Subsec. (a). Act Aug. 11, 1955, substituted “September 30, 1956” for “August 1, 1955”

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (a). Act Aug. 11, 1955, substituted “September 30, 1956” for “August 1, 1955”.

    Act June 30, 1955, substituted “August 1, 1955” for “July 1, 1955”.

28. 1956

    Public Law not identified

    Substituted · 12 U.S.C. § 1703(a)

    Subsec. (a). Act Aug. 7, 1956, § 101(a), substituted “September 30, 1959” for “September 30, 1956” and proviso of second par. authorizing waiver of clause (iii) in discretion of Commissioner with respect to occupancy of completion of new residential structures, for former proviso providing that the clause (iii) occupancy requirement should not be mandatory with respect to new residences damaged by a major disaster

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (a). Act Aug. 7, 1956, § 101(a), substituted “September 30, 1959” for “September 30, 1956” and proviso of second par. authorizing waiver of clause (iii) in discretion of Commissioner with respect to occupancy of completion of new residential structures, for former proviso providing that the clause (iii) occupancy requirement should not be mandatory with respect to new residences damaged by a major disaster.

    Act Feb. 10, 1956, removed the six months’ occupancy requirement with respect to new residences damaged by a major disaster.

29. 1956

    Public Law not identified

    1. Inserted · 12 U.S.C. § 1703(b)

       Subsec. (b). Act Aug. 7, 1956, § 101(b), (c), increased amount of loans which can be insured to $3,500 in lieu of former provisions providing $2,500 for improvement of existing structures and $3,000 for construction of new structures, increased maximum term of loans which can be insured from 3 years and thirty-two days to 5 years and thirty-two days, inserted proviso limiting interest and premium charges equivalent to $5 discount per $100 for proceeds of loan up to $2,500 and $4 discount per $100 for proceeds in excess of $2,500

    2. Substituted · 12 U.S.C. § 1703(b)

       Subsec. (b). Act Aug. 7, 1956, § 101(b), (c), increased amount of loans which can be insured to $3,500 in lieu of former provisions providing $2,500 for improvement of existing structures and $3,000 for construction of new structures, increased maximum term of loans which can be insured from 3 years and thirty-two days to 5 years and thirty-two days, substituted “$15,000 nor an average amount of $2,500 per family unit” for “$10,000”

    Unresolved: No Public Law or Statutes at Large citation in the Code source.

    Source evidence

    Code amendment note
    Subsec. (b). Act Aug. 7, 1956, § 101(b), (c), increased amount of loans which can be insured to $3,500 in lieu of former provisions providing $2,500 for improvement of existing structures and $3,000 for construction of new structures, increased maximum term of loans which can be insured from 3 years and thirty-two days to 5 years and thirty-two days, inserted proviso limiting interest and premium charges equivalent to $5 discount per $100 for proceeds of loan up to $2,500 and $4 discount per $100 for proceeds in excess of $2,500, and substituted “$15,000 nor an average amount of $2,500 per family unit” for “$10,000”.

30. 1957

    Housing Act of 1957

    Pub. L. 85–104 title I § 105 · 71 Stat. 294

    1. Added · 12 U.S.C. § 1703(g); 12 U.S.C. § 1703(h)

       Pub. L. 85–104 added subsec. (g)

    2. Redesignated · 12 U.S.C. § 1703(g); 12 U.S.C. § 1703(h)

       Pub. L. 85–104 redesignated former subsec. (g) as (h)

    Source evidence

    Code amendment note
    Subsecs. (g), (h). Pub. L. 85–104 added subsec. (g) and redesignated former subsec. (g) as (h).

    Enacted provision · exact public law section
    Sec. 105. other provisions relating to fha insurance programs Section 2 of the National Housing Act is amended by 48 Stat. 1246. 12 USC 1703. redesignating subsection (g) as subsection (h) and by inserting after subsection (f) the following new subsection: “(g) Any payment for loss made after December 31, 1957, to an Financial institutions. approved financial institution under this section shall be final and incontestable after two years from the date the claim was certified for payment by the Commissioner, in the absence of fraud or misrepresentation on the part of such institution, unless a demand for repurchase of the obligation shall have been made on behalf of the United States prior to the expiration of such two-year period.”.

31. 1959

    Housing Act of 1959

    Pub. L. 86–372 title I § 101 · 73 Stat. 654

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 86–372 substituted “October 1, 1960” for “September 30, 1959”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 86–372 substituted “October 1, 1960” for “September 30, 1959”.

    Enacted provision · exact public law section
    Sec. 101. property improvement loans Section 2(a) of the National Housing Act is amended by striking out “September 30, 1959” and inserting in lieu thereof “October 1, 1960”.

32. 1960

    Pub. L. 86–788 § 2(a) · 74 Stat. 1027

    1. Substituted · 12 U.S.C. § 1703(a)

       Pub. L. 86–788 substituted “October 1, 1961” for “October 1, 1960”

    2. Struck · 12 U.S.C. § 1703(a)

       Pub. L. 86–788 struck out provisions limiting the aggregate amount of all loans, advances of credit, and obligations purchased, with respect to which insurance could be granted under the section, at $1,750,000,000

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 86–788 substituted “October 1, 1961” for “October 1, 1960”, and struck out provisions limiting the aggregate amount of all loans, advances of credit, and obligations purchased, with respect to which insurance could be granted under the section, at $1,750,000,000.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended by (1) striking out “1960” and inserting in lieu thereof “1961”, and (2) striking out the last sentence of the first paragraph thereof.

33. 1961

    Housing Act of 1961

    Pub. L. 87–70 title VI § 604(a) · 75 Stat. 149

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 87–70 substituted “October 1, 1965” for “October 1, 1961”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 87–70 substituted “October 1, 1965” for “October 1, 1961”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended 74 Stat. 1028. 12 USC 1703. by striking out in the first sentence “1961” and inserting in lieu thereof “1965”.

34. 1964

    Housing Act of 1964

    Pub. L. 88–560 title I § 101 · 78 Stat. 769

    Struck · 12 U.S.C. § 1703(g)

    Pub. L. 88–560 struck out “after December 31, 1957,” after “Any payment for loss made”

    Source evidence

    Code amendment note
    Subsec. (g). Pub. L. 88–560 struck out “after December 31, 1957,” after “Any payment for loss made”.

    Enacted provision · exact public law section
    Sec. 101. time limit on fha recoupment of title i insurance payments Section 2(g) of the National Housing Act is amended by 71 stat. 297. 12 USC 1703. striking out “after December 31, 1957,”.

35. 1965

    Housing and Urban Development Act of 1965

    Pub. L. 89–117 § 202(a) · 79 Stat. 451

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 89–117, § 202(a), substituted “October 1, 1969” for “October 1, 1965”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 89–117, § 202(a), substituted “October 1, 1969” for “October 1, 1965”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended 75 Stat. 177. 12 USC 1703. by striking out “October 1, 1965” and inserting in lieu thereof “October 1, 1969”.

36. 1965

    Housing and Urban Development Act of 1965

    Pub. L. 89–117 § 1108(a) · 79 Stat. 451

    Struck · 12 U.S.C. § 1703(f)

    Pub. L. 89–117, § 1108(a), struck out provisions directing the deposit of premium charges and fees and property held with respect to insurance into a United States Treasury account to be used to defray Federal Housing Administration expenses and to pay insurance claims and making allowance for transfer and merger of funds and disposition of surplus funds

    Source evidence

    Code amendment note
    Subsec. (f). Pub. L. 89–117, § 1108(a), struck out provisions directing the deposit of premium charges and fees and property held with respect to insurance into a United States Treasury account to be used to defray Federal Housing Administration expenses and to pay insurance claims and making allowance for transfer and merger of funds and disposition of surplus funds.

    Enacted provision · exact public law section
    (a) Section 2(f) of the National Housing Act is amended by striking out all that follows the first sentence.

37. 1967

    Pub. L. 90–19 § 1(a)(3) · 81 Stat. 17

    Substituted · 12 U.S.C. § 1703

    Pub. L. 90–19, § 1(a)(3), substituted “Secretary” for “Commissioner” wherever appearing in subsecs. (a), (b), (c)(1), (2), and (d) to (h)

    Source evidence

    Code amendment note
    Pub. L. 90–19, § 1(a)(3), substituted “Secretary” for “Commissioner” wherever appearing in subsecs. (a), (b), (c)(1), (2), and (d) to (h).

    Enacted provision · exact public law section
    (1) by striking out “Federal Housing Administration” each place it appears and inserting in lieu thereof “Department of Housing and Urban Development”;

38. 1967

    Pub. L. 90–19 § 1(d) · 81 Stat. 17

    Substituted · 12 U.S.C. § 1703(c)(2)

    Pub. L. 90–19, § 1(d), substituted “an officer” for “the Commissioner or by any Assistant Commissioner”

    Source evidence

    Code amendment note
    Subsec. (c)(2). Pub. L. 90–19, § 1(d), substituted “an officer” for “the Commissioner or by any Assistant Commissioner”.

    Enacted provision · exact public law section
    (1) by striking out “Federal Housing Administration” each place it appears and inserting in lieu thereof “Department of Housing and Urban Development”;

39. 1968

    Housing and Urban Development Act of 1968

    Pub. L. 90–448 title III § 308 · 82 Stat. 476

    1. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 90–448 substituted “$5,000” for “$3,500”

    2. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 90–448 substituted “seven years” for “five years”

    3. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 90–448 substituted “$5.50 discount” for “$5 discount”

    4. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 90–448 substituted “$4.50 discount” for “$4 discount”

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 90–448 substituted “$5,000” for “$3,500”, “seven years” for “five years”, “$5.50 discount” for “$5 discount”, and “$4.50 discount” for “$4 discount”.

    Enacted provision · exact public law section
    Sec. 308. home improvement loans-increase in maximum maturity, finance charge, and loan amount Section 2(b) of the National Housing Act is amended— 56 stat. 305; 70 stat. 1091. 12 USC 1703. (1) by striking out “$3,500” and inserting in lieu thereof “$5,000”; (2) by striking out “five year’s” and inserting in lieu thereof “seven years”; (3) by striking out “$5 discount” and inserting in lieu thereof “$5.50 discount”; and (4) by striking out “$1 discount” and inserting in lieu thereof “$4.50 discount”.

40. 1969

    Pub. L. 91–78 § 2(a) · 83 Stat. 125

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 91–78 substituted “January 1, 1970” for “October 1, 1969”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 91–78 substituted “January 1, 1970” for “October 1, 1969”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended Post, p. 379. by striking out “October 1, 1969” in the first sentence and inserting in lieu thereof “January 1, 1970”.

41. 1969

    Housing and Urban Development Act of 1969

    Pub. L. 91–152 title I · 83 Stat. 379

    1. Substituted · 12 U.S.C. § 1703(a)

       Pub. L. 91–152, §§ 101(a), 103(c)(1)(4), substituted “October 1, 1970” for “January 1, 1970”

    2. Amended · 12 U.S.C. § 1703(a)

       Pub. L. 91–152, §§ 101(a), 103(c)(1)(4), designated as “(i)” provisions authorizing and empowering the Secretary to insure institutions financing alterations, repairs, and improvements, etc.

    3. Inserted · 12 U.S.C. § 1703(a)

       Pub. L. 91–152, §§ 101(a), 103(c)(1)(4), inserted provisions designated as “(ii)” dealing with institutions which finance the purchase of mobile homes used by the owner as his principal residence

    4. Inserted · 12 U.S.C. § 1703(a)

       Pub. L. 91–152, §§ 101(a), 103(c)(1)(4), inserted “(other than mobile homes)” after “(1) with respect to new residential structures”

    5. Inserted · 12 U.S.C. § 1703(a)

       Pub. L. 91–152, §§ 101(a), 103(c)(1)(4), inserted provisions authorizing and directing the Secretary to prescribe minimum property standards and conformance to local zoning requirements with respect to mobile homes financed by insured institutions

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 91–152, §§ 101(a), 103(c)(1)(4), substituted “October 1, 1970” for “January 1, 1970”, designated as “(i)” provisions authorizing and empowering the Secretary to insure institutions financing alterations, repairs, and improvements, etc., inserted provisions designated as “(ii)” dealing with institutions which finance the purchase of mobile homes used by the owner as his principal residence, inserted “(other than mobile homes)” after “(1) with respect to new residential structures”, and inserted provisions authorizing and directing the Secretary to prescribe minimum property standards and conformance to local zoning requirements with respect to mobile homes financed by insured institutions.

    Enacted provision · exact public law
    TITLE I— MORTGAGE CREDIT Sec. 101. extension of programs (a) Section 2(a) of the National Housing Act is amended 53 Stat. 804; Ante, p. 125. 12 USC 1703. by striking out “January 1, 1970” in the first sentence and inserting in lieu thereof “October 1, 1970”. (b) Section 217 of such Act is amended— 75 Stat. 177; Ante, p. 125. 12 USC 1715h. (1) by striking out “title VIII, or title X” and inserting in lieu thereof “section 235, section 236, title VIII, title X, or title XI”; and (2) by striking out “January 1, 1970” and inserting in lieu thereof “October 1, 1970”. (c) Section 221(f) of such Act is amended by striking out “January 75 Stat. 152; Ante, p. 125. 12 USC 1715l. 1, 1970” in the fifth sentence and inserting in lieu thereof “October 1, 1970”. (d) Section 235 of such Act is amended by adding at the end thereof 82 Stat. 477. 12 USC 1715z. the following new subsection: “(m) No mortgage shall be insured under this section after October 1, 1071 except pursuant to a commitment to insure before that date.” (e) Section 236 of such Act is amended by adding at the end thereof 82 Stat. 498. 12 USC 1715z–1. the following new subsection: “(n) No mortgage shall be insured under this section after October 1, 1971, except pursuant to a commitment to insure before that date.” (f) Section 809(f) of such Act is amended by striking out “January 76 Stat. 418; Ante, p. 125. 12 USC 1748h–1. 1, 1970” in the second sentence and inserting in lieu thereof “October 1, 1970”. (g) Section 810(k) of such Act is amended by striking out “January 76 Stat. 418; Ante, p. 125. 12 USC 1748h–2. 1, 1970” in the second sentence and inserting in lieu thereof “October 1, 1970”. (h) Section 1002(a) of such Act is amended by striking out “January 79 Stat. 462; Ante, p. 125. 12 USC 1749bb. 1, 1970” in the second sentence and inserting in lieu thereof “October 1, 1970”. (i) Section 1101(a) of such Act is amended by striking out “January 80 Stat. 1274; Ante, p. 125. 12 USC 1749aaa. 1, 1970” in the second sentence and inserting in lieu thereof “October 1, 1970”. Sec. 102. lower downpayments for fha-financed sales housing (a) Section 203(b)(2) of the National Housing Act is 71 Stat. 294; 79 Stat. 466. 12 USC 1709. amended by striking out “$20,000” each place it appears and inserting in lieu thereof “$25,000”. (b) Section 220(d)(3)(A)(i) of such Act is amended by striking out “$20,000” each place it appears and inserting in lieu thereof “$25,000”. (c) Section 222(b)(3) of such Act is amended by striking out “$20,000” each place it appears and inserting in lieu thereof “$25,000”. (d) Section 234(c) of such Act is amended by striking out “$20,000” each place it appears and inserting in lieu thereof “$25,000”. Sec. 103. mobile homes (a) (1) Section 207(a) of the National Housing Act is amended— (A) by striking out “trailer coach mobile dwellings” in paragraph (1) and inserting in lieu thereof “mobile homes”; (B) by striking out “trailer court or park” in paragraph (6) and inserting in lieu thereof “mobile home court or park”; and (C) by striking out “trailer coach mobile dwellings” in paragraph (6) and inserting in lieu thereof “mobile homes”. (2) Section 207(c)(3) of such Act is amended by striking out “trailer courts or parks” and inserting in lieu thereof “mobile home courts or parks”. (b) Section 207(c)(3) of such Act is amended by striking out “$1,800 per space or $500,000 per mortgage” and inserting in lieu thereof “$2,500 per space or $1,000,000 per mortgage”. (c) Section 2 of such Act is amended— (1) by inserting “(i)” after the words “for the purpose of” in the first sentence of subsection (a); (2) by inserting “; and for the purpose of (ii) financing the purchase of a mobile home to be used by the owner as his principal residence” before the period at the end of the first sentence of subsection (a); (3) by inserting “(other than mobile homes)” after “new residential structures” in clause (1) of subparagraph (iii) of the 68 Stat. 590. second paragraph of subsection (a); (4) by inserting the following new sentence at the end of subsection (a): “The Secretary is hereby authorized and directed, with respect to mobile homes to be financed under this section to (i) prescribe minimum property standards to assure the livability and durability of the mobile home and the suitability of the site on which the mobile home is to be located; and (ii) obtain assurances from the borrower that the mobile home will be placed on a site which complies with the standards prescribed by the Secretary and with local zoning and other applicable local requirements.”; (5) by inserting “, except that an obligation financing the purchase of a mobile home may he in an amount not exceeding $10,000” before the semicolon at the end of clause (1) in the first 56 Stat. 305. sentence of subsection (b); (6) by inserting “: Provided, That an obligation financing the purchase of a mobile home may have a maturity not in excess of twelve years and thirty-two days” before the semicolon at the end of clause (2) in the first sentence of subsection (b); and (7) by striking out “real property” each place it appears in 55 Stat. 364. subsection (c)(2) and inserting in lieu thereof “real or personal property”. Sec. 104. maximum mortgage amount under section 220 multifamily housing program Section 220(d)(3)(B)(i) of the National Housing Act 68 Stat. 598; 78 Stat. 777. 12 USC 1715k. is amended to read as follows: “(i) not exceed $50,000,000;”. Sec. 105. mortgage insurance on condominium units for servicemen Section 222(b)(1) of the National Housing Act is 71 Stat. 296; 78 Stat. 779. 12 USC 1715m. amended by inserting “or 234(c),” immediately after “221(d)(2),”. Sec. 106. assistance payments under section 235 for purchaser assuming mortgage (a) Section 235(c) of the National Housing Act is 82 Stat. 477. 12 USC 1715z. amended by striking out “subsection (j)(4)” and inserting in lieu thereof “subsection (i) or (j)(4)”. (b) Section 235(b)(2) of such Act is amended by striking out the first proviso and inserting in lieu thereof the following: “: Provided, That if any cooperative member who has received assistance payments transfers his membership and occupancy rights to another person who satisfies the eligibility requirements prescribed by the Secretary and undertakes the obligation to pay occupancy charges, the new cooperative member may qualify for assistance payments upon the filing of an application with respect to the dwelling unit involved to be occupied by him”. Sec. 107. authorization for assistance payments under sections 233 and 236 (a) The second sentence of section 285(h) of the National Housing Act is amended by striking out “$100,000,000 on July 1, 1969, and by $125,000,000 on July 1, 1970” and inserting in lieu thereof “$125,000,000 on July 1, 1969, by $125,000,000 on July 1, 1970, and by $170,000,000 on July 1, 1971”. (b) The second sentence of section 236(i)(1) of such Act is amended 82 Stat. 498. 12 USC 1715z–1. by striking out “$100,000,000 on July 1, 1969, and by $125,000,000 on July 1, 1970” and inserting in lieu thereof “$125,000,000 on July 1, 1969, by $125,000,000 on July 1, 1970, and by $170,000,000 on July 1, 1971”. Sec. 108. interest reduction payments under section 236 on certain projects financed under state or local housing programs The proviso in section 236(b) of the National Housing Act is amended by striking out “with respect to a rental or cooperative housing project” and inserting in lieu thereof “with respect to a mortgage or part thereof on a rental or cooperative housing project”. Sec. 109. assistance payments with respect to existing dwellings under section 233 Section 235(h)(3) of the National Housing Act is amended— (1) by inserting “and” at the end of subparagraph (A); and (2) by striking out subparagraphs (B) and (C) and inserting in lieu thereof the following: “(B) 30 per centum of the total additional amount of contracts for assistance payments authorized by appropriation Acts to be made prior to July 1, 1971,”. Sec. 110. preferences in section 237 mortgage insurance program Section 237(d) of the National Housing Act is amended— (1) by inserting “and in providing counseling services” after “applications”; and (2) by inserting “(1) to families which are eligible for assistance payments under section 235, and (2)” after “this section”. Sec. 111. expansion of the fha nursing home program to include intermediate care facilities Section 232 of the National Housing Act is amended— (1) by striking out subsection (a) and inserting in lieu thereof the following: “(a) The purpose of this section is to assist in the provision of facilities for either of the following purposes or for a combination of such purposes: “(1) The development of nursing homes for the care and treatment of convalescents and other persons who are not acutely ill and do not need hospital care but who require skilled nursing care and related medical services. “(2) The development of intermediate care facilities for the care of persons who, while not in need of nursing home care and treatment, nevertheless are unable to live fully independently and who are in need of minimum but continuous care provided by licensed or trained personnel.”; (2) by striking out “and” at the end of paragraph (1) of subsection (b); (3) by redesignating paragraph (2) of subsection (b) as paragraph (3) and inserting after paragraph (1) of such subsection the following new paragraph: “(2) the term ‘intermediate care facility’ means a proprietary facility or facility of a private nonprofit corporation or association licensed or regulated by the State (or, if there is no State law providing for such licensing and regulation by the State, by the municipality or other political subdivision in which the facility is located) for the accommodation of persons who, because of incapacitating infirmities, require minimum but continuous care but are not in need of continuous medical or nursing services; and”; (4) by striking out “a new or rehabilitated nursing home” in the 82 Stat. 512. introductory text of subsection (d) and inserting in lieu thereof “a new or rehabilitated nursing home or intermediate care facility or combined nursing home and intermediate care facility”; (5) by striking out “operation of the nursing home” in subsection (d)(2) and inserting in lieu thereof “operation of the home or facility or combined home and facility”; (6) by striking out paragraph (4) of subsection (d) and inserting in lieu thereof the following: “(4) The Secretary shall not insure any mortgage under this section unless he has received, from the State agency designated in accordance with section 604(a)(1) of the Public Health Service 78 Stat. 452. 42 USC 291d. Act for the State in which is located the nursing home or intermediate care facility or combined nursing home and intermediate care facility covered by the mortgage, a certification that (A) there is a need for such home or facility or combined home and facility, and (B) there are in force in such State or in the municipality or other political subdivision of the State in which the proposed home or facility or combined home and facility is to be located reasonable minimum standards of licensure and methods of operation governing it. No such mortgage shall be insured under this section unless the Secretary has received such assurance as he may deem satisfactory from the State agency that such standards will be applied and enforced with respect to any home or facility or combined home and facility located in the State for which mortgage insurance is provided under this section.”; and (7) by adding at the end thereof the following new subsections: 73 Stat. 663. 12 USC 1715w. “(g) The Secretary shall prescribe such regulations as may be necessary to carry out the provisions of this section relating to intermediate care facilities, after consulting with the Secretary of Health, Education, and Welfare with respect to any health or medical aspects of the program which may be involved in such regulations. “(h) The Secretary shall also consult with the Secretary of Health, Education, and Welfare as to the need for and the availability of intermediate care facilities in any area for which an intermediate care facility is proposed under this section.” Sec. 112. rent supplement units in section 236 projects Section 101(j)(1)(D) of the Housing and Urban Development Act of 1965 is amended by inserting before the period at the end 82 Stat. 502. 12 USC 1701s. thereof a comma and the following: “except that the foregoing limitation may be increased to 40 per centum of the dwelling units in any such property if the Secretary determines that such increase is necessary and desirable in order to provide additional housing for individuals and families meeting the requirements of subsection (c)”. Sec. 113. increase in maximum mortgage amounts under fha insurance programs (a) (1) Section 203(b)(2) of the National Housing Act is 71 Stat. 295; 78 Stat. 769. 12 USC 1709. amended by striking out “$30,000”, “$32,500”, and “$37,500” wherever they appear and inserting in lieu thereof “$33,000”, “$35,750”, and “$41,250”, respectively. (2) Section 203(h) of such Act is amended by striking out “$12,000” 70 Stat. 1092. and inserting in lieu thereof “$14,400”. (3) Section 203(i) of such Act is amended by striking out “$13,500” 82 Stat. 512. and inserting in lieu thereof “$16,200”. (4) Section 203(m) of such Act is amended by striking out “$15,000” 82 Stat. 512. and inserting in lieu thereof “$18,000”. (b) (1) Section 207(c)(3) of such Act is amended by striking out 78 Stat. 774; 79 Stat. 467. 12 USC 1713. “$9,000”, “$12,500”, “$15,000”, “$18,500”, and “$21,000” wherever they appear and inserting in lieu thereof “$9,900”, “$13,750”, “$16,500”, “$20,350”, and “$23,100”, respectively. (2) Section 207(c)(3) of such Act is further amended by striking out “$10,500”, “$18,000”, “$22,500”, and “$25,500” and inserting in lieu thereof “$11,550”, “$19,800”, “$24,750”, and “$28,050”, respectively. (c) (1) Section 213 (b)(2) of such Act is amended by striking out 78 Stat. 774; 79 Stat. 467. 12 USC 1715e. “$9,000”, “$12,500”, “$15,000”, “$18,500”, and “$21,000” wherever they appear and inserting in lieu thereof “$9,900”, “$13,750”, “$16,500”, “$20,350”, and “$23,100”, respectively. (2) Section 218(b)(2) of such Act is further amended by striking out “$10,500”, “$18,000”, “$22,500”, and “$25,500” and inserting in lieu thereof “$11,550”, “$19,800”, “$24,750”, and “$28,050”, respectively. (d) (1) Section 220(d)(3)(A)(i) of such Act is amended by striking out “$30,000”, “$32,500”, “$37,500”, and “$7,000” wherever they appear and inserting in lieu thereof “$33,000”, “$35,750”, “$41,250”, and “$7,700”, respectively. (2) Section 220(d)(3)(B)(iii) of such Act is amended by striking out “$9,000”, “$12,500”, “$15,000”, “$18,500” and “$21,000” wherever they appear and inserting in lieu thereof “$9,900”, “$13,750”, “$16,500”, “$20,350”, and “$23,100”, respectively. (3) Section 220(d)(3)(B)(iii) of such Act is further amended by striking out “$10,500”, “$18,000”, “$22,500”, and “$25,500” wherever they appear and inserting in lieu thereof “$11,550”, “$19,800”, “$24,750”, and “$28,050”, respectively. (4) Section 220(h)(2) of such Act is amended by striking out “$10,000” and inserting in lieu thereof “$12,000”. (e) (1) Section 221(d)(2) of such Act is amended by striking out “$15,000”, “$17,500”, “$20,000”, “$27,000”, and “$33,000” wherever they appear and inserting in lieu thereof “$18,000”, “$21,000”, “$24,000”, “$32,400”, and “$39,600” respectively. (2) Section 221(d)(2) of such tact is further amended by striking out “$25,000”, “$32,000”, and “$38,000” and inserting in lieu thereof “$30,000”, “$38,400”, and “$45,600”, respectively. (3) Section 221(d)(3)(ii) of such Act is amended by striking out “$8,000”, “$11,250”, “$13,500”, “$17,000”, and “$19,250” wherever they appear and inserting in lieu thereof “$9,200”, “$12,937.50”, “$15,525”, “$19,550”, and “$22,137.50”, respectively. (4) Section 221(d)(3)(ii) of such Act is further amended by striking out “$9,500”, “$16,000”, “$20,000”, and “$22,750” and inserting in lieu thereof “$10,925”, “$18,400”, “$23,000”, and “$26,162.50”, respectively. (5) Section 221(d)(4)(ii) of such Act is amended by striking out “$8,000”, “$11,250”, “$13,500”, “$17,000”, and “$19,250” wherever they appear and inserting in lieu thereof “$9,200”, “$12,937.10”, “$15,525”, “$19,550”, and “$22,137.50”, respectively. (6) Section 221(d)(4)(ii) of such Act is further amended by striking out “$9,500”, “$16,000”, “$20,000”, and “$22,750” and inserting in lieu thereof “$10,925”, “$18,400”, “$23,000”, and “$26,162.50”, respectively. (7) Section 221(h)(6)(A) of such Act is amended by striking out “$15,000” and inserting in lieu thereof “$18,000”. (f) Section 222(b)(2) of such Act is amended by striking out “$30,000” and inserting in lieu thereof “$33,000”. (g) (1) Section 231(c)(2) of such Act is amended by striking out “$8,000”, “$11,250”, “$13,500”, “$17,000”, and “$19,250” wherever they appear and inserting in lieu thereof “$8,800”, “$12,375”, “$14,850”, “$18,700”, “$21,175”, respectively. (2) Section 231(e)(2) of such Act is further amended by striking out “$9,500”, “$16,000”, “$20,000”, and “$22,750” and inserting in lieu thereof “$10,450”, “$17,600”, “$22,000”, and “$25,025”, respectively. (h) (1) Section 234(e) of such Act is amended by striking out “$30,000” and inserting in lieu thereof “$33,000”. (2) Section 234(e)(3) of such Act is amended by striking out “$9,000”, “$12,500”, “$15,000”, “$18,500”, and “$21,000” wherever they “appear and inserting in lieu thereof “$9,900”, “$13,750”, “$16,500”, $20,350”, and “$23,100”, respectively. (3) Section 234(e)(3) of such Act is further amended by striking out “$10,500”, “$18,000”, “$22,500”, and “$25,500” and inserting in lieu thereof “$11,550”, “$19,800”, “$24,750”, and “$28,050”, respectively. (i) Section 235 of such Act is amended by striking out “$15,000”, 82 Stat. 477. 12 USC 1715z. “$17,500”, and “$20,000” wherever they appear and inserting in lieu thereof “$18,000”, “$21,000”, and “$24,000”, respectively. (j) Section 237(c)(2) of such Act is amended by striking out 82 Stat. 485. 12 USC 1715z–2. “$15,000” and “$17,500” and inserting in lieu thereof “$18,000” and “$21,000”, respectively. Sec. 114. increase in gnma purchase authority Section 302(b) of the National Housing Act is amended— 73 Stat. 669. 12 USC 1717. (1) by striking out “exceeds or exceeded $17,500” in clause (3) of the proviso in the first sentence and inserting in lieu thereof “exceeds or exceeded $22,000”; (2) by striking out “that exceeds $17,500” in the second sentence 79 Stat. 494. and inserting in lieu thereof “that exceeds the otherwise applicable maximum amount”; and (3) by striking out “did not exceed $17,500” in the second sentence and inserting in lieu thereof “did not exceed the otherwise applicable maximum amount”. Sec. 115. gnma special assistance purchases Section 305 of the National Housing Act is amended by 68 Stat. 616; 80 Stat. 1285. 12 USC 1720. adding at the end thereof the following new subsection: “(j) Notwithstanding any other provision of this Act, the Association is authorized to purchase pursuant to commitments or otherwise mortgages otherwise eligible for purchase under this section at a price equal to the unpaid principal amount thereof at the time of purchase, with adjustments for interest and any comparable items, and to sell such mortgages at any time at a price within the range of market prices for the particular class of mortgages involved at the time of sale as determined by the Association. Mortgages insured under title V of the Housing Act of 1949, except mortgages for above moderate 63 Stat. 432; 79 Stat. 498. 42 USC 1471–1490c. income families insured under section 517(a) of such Act, are eligible for purchase under this section.”

42. 1969

    Housing and Urban Development Act of 1969

    Pub. L. 91–152 § 103(c)(5) · 83 Stat. 379

    Inserted · 12 U.S.C. § 1703(b)

    Pub. L. 91–152, § 103(c)(5), (6), in cl. (1) inserted provision excepting obligations financing the purchase of mobile homes in an amount not exceeding $10,000, and in cl. (2) inserted proviso limiting obligations financing the purchase of mobile homes to a maturity date not in excess of twelve years and thirty-two days

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 91–152, § 103(c)(5), (6), in cl. (1) inserted provision excepting obligations financing the purchase of mobile homes in an amount not exceeding $10,000, and in cl. (2) inserted proviso limiting obligations financing the purchase of mobile homes to a maturity date not in excess of twelve years and thirty-two days.

    Enacted provision · exact public law section
    (5) by inserting “, except that an obligation financing the purchase of a mobile home may he in an amount not exceeding $10,000” before the semicolon at the end of clause (1) in the first 56 Stat. 305. sentence of subsection (b);

43. 1969

    Housing and Urban Development Act of 1969

    Pub. L. 91–152 § 103(c)(7) · 83 Stat. 379

    Substituted · 12 U.S.C. § 1703(c)(2)

    Pub. L. 91–152, § 103(c)(7), substituted “real or personal property” for “real property” wherever appearing

    Source evidence

    Code amendment note
    Subsec. (c)(2). Pub. L. 91–152, § 103(c)(7), substituted “real or personal property” for “real property” wherever appearing.

    Enacted provision · exact public law section
    (7) by striking out “real property” each place it appears in 55 Stat. 364. subsection (c)(2) and inserting in lieu thereof “real or personal property”.

44. 1970

    Pub. L. 91–432 § 1(a) · 84 Stat. 886

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 91–432 substituted “November 1, 1970” for “October 1, 1970”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 91–432 substituted “November 1, 1970” for “October 1, 1970”.

45. 1970

    Pub. L. 91–473 § 1(a) · 84 Stat. 1064

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 91–473 substituted “December 1, 1970” for “November 1, 1970”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 91–473 substituted “December 1, 1970” for “November 1, 1970”.

46. 1970

    Pub. L. 91–525 § 1(a) · 84 Stat. 1384

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 91–525 substituted “January 1, 1971” for “December 1, 1970”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 91–525 substituted “January 1, 1971” for “December 1, 1970”.

47. 1970

    Housing and Urban Development Act of 1970

    Pub. L. 91–609 § 101(a) · 84 Stat. 1770

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 91–609, § 101(a), substituted “October 1, 1972” for “January 1, 1971”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 91–609, § 101(a), substituted “October 1, 1972” for “January 1, 1971”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended by striking out “January 1, 1971” in the first sentence and inserting in lieu thereof “October 1, 1972”.

48. 1970

    Housing and Urban Development Act of 1970

    Pub. L. 91–609 § 113(1) · 84 Stat. 1770

    Changed · 12 U.S.C. § 1703(b)

    Pub. L. 91–609, § 113(1), (2), in cl. (1) prohibited insurance with respect to obligations representing a loan where loan exceeds “($15,000 in the case of a mobile home composed of two or more modules)”, and in cl. (2) prescribed maturity date for obligation financing purchase of a mobile home of “(fifteen years and thirty-two days in the case of a mobile home composed of two or more modules)”

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 91–609, § 113(1), (2), in cl. (1) prohibited insurance with respect to obligations representing a loan where loan exceeds “($15,000 in the case of a mobile home composed of two or more modules)”, and in cl. (2) prescribed maturity date for obligation financing purchase of a mobile home of “(fifteen years and thirty-two days in the case of a mobile home composed of two or more modules)”.

    Enacted provision · exact public law section
    (1) by inserting in clause (1) after “$10,000” the following: “($15,000 in the case of a mobile home composed of two or more modules)”; and

49. 1972

    Pub. L. 92–503 § 1(a) · 86 Stat. 906

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 92–503 substituted “June 30, 1973” for “October 1, 1972”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 92–503 substituted “June 30, 1973” for “October 1, 1972”.

    Enacted provision · exact public law section
    (1) by striking out “and $225,000,000 on July 1, 1971,” in subsection 84 Stat. 1776. (e) and inserting in lieu thereof “$225,000,000 on July 1, 1971, and $150,(100,0(H) on July 1, 1972,”;

50. 1973

    Pub. L. 93–85 § 1(a) · 87 Stat. 220

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 93–85 substituted “October 1, 1973” for “June 30, 1973”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 93–85 substituted “October 1, 1973” for “June 30, 1973”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended by striking out “June 30, 1973” in the first sentence and inserting in lieu thereof “October 1, 1973”.

51. 1973

    Pub. L. 93–117 § 1(a) · 87 Stat. 421

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 93–117 substituted “October 1, 1974” for “October 1, 1973”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 93–117 substituted “October 1, 1974” for “October 1, 1973”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is Ante, p. 220. amended by striking out “October 1, 1973” in the first sentence and inserting in lieu thereof “October 1, 1974”.

52. 1974

    Housing and Community Development Act of 1974

    Pub. L. 93–383 title III · 88 Stat. 634

    1. Substituted · 12 U.S.C. § 1703(a)

       Pub. L. 93–383, §§ 309(b)(1), (2), (c), 316(a), substituted “June 30, 1977” for “October 1, 1974” in provisions preceding initially designated cl. (i)

    2. Inserted · 12 U.S.C. § 1703(a)

       Pub. L. 93–383, §§ 309(b)(1), (2), (c), 316(a), inserted “or mobile homes” after “in connection with existing structures” in initial cl. (i), provisions relating to the financing of the purchase of a lot on which a mobile home is to be placed and payment of reasonable expenses for the appropriate preparation of such lot, and paragraph relating to alteration, repair, and improvement upon or in connection with existing structures with respect to inclusion of fire safety equipment, etc

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 93–383, §§ 309(b)(1), (2), (c), 316(a), substituted “June 30, 1977” for “October 1, 1974” in provisions preceding initially designated cl. (i), inserted “or mobile homes” after “in connection with existing structures” in initial cl. (i), provisions relating to the financing of the purchase of a lot on which a mobile home is to be placed and payment of reasonable expenses for the appropriate preparation of such lot, and paragraph relating to alteration, repair, and improvement upon or in connection with existing structures with respect to inclusion of fire safety equipment, etc.

    Enacted provision · exact public law
    TITLE III— MORTGAGE CREDIT ASSISTANCE Sec. 301. insured advances Title V of the National Housing Act is amended by adding at the end thereof the following new section: “Sec. 525. “advances The Secretary is authorized to insure mortgage proceeds 12 USC 1735f–3. advanced during construction or rehabilitation or otherwise prior to final endorsement of a project mortgage for the purpose of (1) financing improvements to the property and the purchase of materials and building components delivered to the property, and (2) providing funds to cover the cost of building components where such components have been assembled and specifically identified for incorporation into the property but are located at a site other than the mortgaged property, with such security as the Secretary may require.” Sec. 302. increase in maximum mortgage amounts under fha one- to four-family mortgage insurance programs (a) Section 203(b)(2) of the National Housing Act is 12 USC 1709. amended by striking out “$33,000”, “$35,750”, and “$41,250” wherever they appear and inserting in lieu thereof “$45,000”, “$48,750”, and “$56,000”, respectively. (b) Section 220(d)(3)(A) of such Act is amended by striking out 12 USC 1715k. “$33,000”, “$35,750”, and “$41,250” wherever they appear and inserting in lieu thereof “$45,000”, “$48,750”, and “$56,000”, respectively. (c) Section 221(d)(2)(A) of such Act is amended— 12 USC 1715l. (1) by striking out “$18,000”, “$21,000”, “$24,000”, “$32,400”, and “$39,600” in the matter preceding the first proviso and inserting in lieu thereof “$21,600”, “$25,200”, “28,000”, “$38,880”, and “$47,520”, respectively; and (2) by striking out “$21,000”, “$24,000”, “$30,000”, “$38,400”, and “$45,600” in the second proviso and inserting in lieu thereof “$25,200”, “$28,800”, “$36,000”, “$46,080”, and “$54,720”, respectively. (d) Section 222(b)(2) of such Act is amended by striking out 12 USC 1715m. “$33,000” and inserting in lieu thereof “$45,000”. (e) Section 234(c) of such Act is amended by striking out “$33,000” 12 USC 1715y. and inserting in lieu thereof “$45,000”. Sec. 303. increase in maximum mortgage amounts under fha multifamily mortgage insurance programs (a) (1) Section 207(c)(3) of the National Housing Act is 12 USC 1713. amended by striking out “$9,900”, “$13,750”, “$16,500”, “$20,350”, “$23,100”, and “$2,500” in the matter preceding the first semicolon and inserting in lieu thereof “$13,000”, “$18,000”, “$21,500”, “$26,500”, “$30,000”, and “$8,250”, respectively. (2) Section 207(c)(3) of such Act is further amended by striking out “$11,550”, “$16,500”, “$19,800”, “$24,750”, and “$28,050” in the matter following the first semicolon and inserting in lieu thereof “$15,000”, “21,000”, “$25,750”, “$32,250”, and “$36,465”, respectively. (b) (1) Section 213(b)(2) of such Act is amended by striking out 12 USC 1715e. “$9,900”, “$13,750”, “$16,500”, “$20,350”, and “$23,100” in the matter preceding the first proviso and inserting in lieu thereof “$13,000”, “$18,000”, “$21,500”, “$26,500”, and “$30,000”, respectively. (2) Section 213(b)(2) of such Act is further amended by striking out “$11,550”, “$16,500”, “$19,800”, “$24,750”, and “$28,050” in the first proviso and inserting in lieu thereof “$15,000”, “$21,000”, “$25,750”, “$32,250”, and “$36,465”, respectively. (c) (1) Section 220(d)(3)(B)(iii) of such Act is amended by striking 12 USC 1715k. out “$9,900”, “$13,750”, “$16,500”, “$20,350”, and “$23,100” in the matter preceding “except” where it first appears and inserting in lieu thereof “$13,000”, “$18,000”, “$21,500”, “$26,500”, and “$30,000”, respectively. (2) Section 220(d)(3)(B)(iii) of such Act is further amended by striking out “$11,550”, “$16,500”, “$19,800”, “$24,750”, and “$28,050” in the matter following “except” where it first appears and inserting in lieu thereof “$15,000”, “$21,000”, “$25,750”, “$32,250” and “$36,465”, respectively. (d) Section 221(d)(3)(ii) of such Act is amended— 12 USC 1715l. (A) by striking out “$9,200”, “$12,937.50”, “$15,525”, “$19,550”, and “$22,137.50” and inserting in lieu thereof “$11,240”, “$15,540”, “$18,630”, “$23,460”, and “$26,570”, respectively; and (B) by striking out “$10,925”, “$13,500”, “$18,400”, “$23,000”, and “$26,162.50” and inserting in lieu thereof “$13,120”, “$16,200”, “$22,080”, “$27,600”, and “$32,000”, respectively. (e) (1) Section 221(d)(4)(ii) of such Act is amended by striking out “$9,200”, “$12,937.50”, “$15,525”, “$19,550”, and “$22,137.50” in the matter preceding the first semicolon and inserting in lieu thereof “$12,300”, “$17,188”, “$20,525”, “$24,700”, and “$29,038”, respectively. (2) Section 221(d)(4)(ii) of such Act is further amended by striking out “$10,525”, “$15,525”, “$18,400”, “$23,000”, and “$26,162.50” in the matter following the first semicolon and inserting in lieu thereof “$13,975”, “$20,025”, “$24,350”, “$31,500”, and “$34,578”, respectively. (f) (1) Section 231(c)(2) of such Act is amended by striking out 12 USC 1715v. “$8,800”, “$12,375”, “$14,850”, “$18,700”, and “$21,175” in the matter preceding the first semicolon and inserting in lieu thereof “$12,300”, “$17,188”, “$20,525”, “$24,700”, and “$29,038”, respectively. (2) Section 231(c)(2) of such Act is further amended by striking out “$10,450”, “$14,850”, “$17,600”, “$22,000”, and “$25,025” in the matter following the first semicolon and inserting in lieu thereof “$13,975”, “$20,025”, “$24,350”, “$31,500”, and “$34,578”, respectively. (g) (1) Section 234(e)(3) of such Act is amended by striking out 12 USC 1715y. “$9,900”, “$13,750”, “$16,500”, “$20,350”, and “$23,100” in the matter preceding the first proviso and inserting in lieu thereof “$13,000”, “$18,000”, “$21,500”, “$26,500”, and “$30,000”, respectively. (2) Section 234(e)(3) of such Act is further amended by striking out “$11,550”, “$16,500”, “$19,800”, “$24,750”, and “$28,050” in the first proviso and inserting in lieu thereof “$15,000”, “$21,000”, “$25,750”, “$32,250”, and “$36,465”, respectively. Sec. 304. elimination of project mortgage dollar limits (a) (1) Section 207(c) of the National Housing Act is 12 USC 1713. amended by striking out paragraph (1). (2) Section 207(c)(3) of such Act is amended by striking out “or $1,000,000 per mortgage for trailer courts or parks”. (b) Section 213(b) of such Act is amended by striking out 12 USC 1715e. paragraph (1). (c) Section 213(c) of such Act is amended by striking out “not to exceed $12,500,000 and”. (d) Section 220(d)(3)(B) of such Act is amended by striking out 12 USC 1715k. clause (i). (e) Section 221(d) of such Act is amended— 12 USC 1715l. (1) by striking out clause (i) in paragraph (3); and (2) by striking out clause (i) in paragraph (4). (f) Section 231(c) of such Act is amended by striking out 12 USC 1715v. paragraph (1). (g) Section 232(d)(2) of such Act is amended by striking out “not 12 USC 1715w. to exceed $12,500,000, and”. (h) Section 234(e) of such Act is amended by striking out 12 USC 1715y. paragraph (1). (i) Section 242(d)(2) of such Act is amended by striking out “not 12 USC 1715z–7. to exceed $50,000,000, and”. (j) (1) Section 810(f) of such Act is amended by striking out 12 USC 1748h–2. “(1) not to exceed $5,000,000 or (2)”. (2) Section 810(g) of such Act is amended by striking out “not to exceed $5,000,000 and”. (k) Section 1002(c) of such Act is amended by striking out the 12 USC 1749bb. second sentence. (l) Section 1101(c) of such Act is amended by striking out paragraph 12 USC 1749aaa. (1). Sec. 305. energy conservation Title V of the National Housing Act (as amended by section 301 of this Act) is amended by adding at the end thereof the following new section: “Sec. 526. “energy conservation To the maximum extent feasible, the Secretary of Housing 12 USC 1735f–4. and Urban Development shall promote the use of energy saving techniques through minimum property standards established by him for newly constructed residential housing subject to mortgages insured under this Act.” Sec. 306. compensation for defects Section 518(b) of the National Housing Act is amended to 12 USC 1735b. read as follows: “(b) The Secretary is authorized to make expenditures to correct, or to reimburse the owner for the correction of, structural or other major defects which so seriously affect use and livability as to create a serious danger to the life or safety of inhabitants of any one or two family dwelling which is covered by a mortgage insured under section 235 of this Act or which is located in an older, declining urban area and is covered by a mortgage insured under section 203 or 221 on or 12 USC 1709, 1715l. after August 1, 1968, but prior to January 1, 1973, and which is more than one year old on the date of the issuance of the insurance commitment, if (1) the owner requests assistance from the Secretary not later than one year after the insurance of the mortgage, or, in the case of a dwelling covered by a mortgage insured under section 203 or 221 the insurance commitment for which was issued on or after August 1, 1968, but prior to January 1, 1973, not more than one year after the date of enactment of the Housing and Community Development Act of 1974, and (2) the defect is one that existed on the date of the issuance of the insurance commitment and is one that a proper inspection could reasonably be expected to disclose. The Secretary may require from the seller of any such dwelling an agreement to reimburse him for any payments made pursuant to this subsection with respect to such dwelling. Expenditures pursuant to this subsection shall be the obligation of the Special Risk Insurance Fund.” Sec. 307. co-insurance Title II of the National Housing Act is amended by adding at the end thereof the following new section: “Sec. 244. “co-insurance (a) In addition to providing insurance as otherwise 12 USC 1715z–9. authorized under this Act, and notwithstanding any other provision of this Act inconsistent with this section, the Secretary, upon request of any mortgagee and for such mortgage insurance premium as he may prescribe (which premium, or other charges to be paid by the mortgagor, shall not exceed the premium, or other charges, that would otherwise be applicable), may insure and make a commitment to insure under any provision of this title any mortgage, advance, or loan otherwise eligible under such provision, pursuant to a co-insurance contract providing that the mortgagee will— “(1) assume a percentage of any loss on the insured mortgage, advance, or loan in direct proportion to the amount of the co-insurance, which co-insurance shall not be less than 10 per centum, subject to any reasonable limit or limits on the liability of the mortgagee that may be specified in the event of unusual or catastrophic losses that may be incurred by any one mortgagee; and “(2) carry out (under a delegation or otherwise and with or without compensation but subject to audit, exception, or review requirements) such credit approval, appraisal, inspection, commitment, property disposition, or other functions as the Secretary, pursuant to regulations, shall approve as consistent with the purposes of this Act. Any contract of co-insurance under this section shall contain such provisions relating to the sharing of premiums on a sound actuarial basis, establishment of mortgage reserves, manner of calculating insurance benefits, conditions with respect to foreclosure, handling and disposition of property prior to claim or settlement, rights of assignees (which may elect not to be subject to the loss sharing provisions), and other similar matters as the Secretary may prescribe pursuant to regulations. “(b) No insurance shall be granted pursuant to this section with respect to dwellings or projects approved for insurance prior to the beginning of construction unless the inspection of such construction is conducted in accordance with at least the minimum standards and criteria used with respect to dwellings or projects approved for mortgage insurance pursuant to other provisions of this title. “(c) No insurance shall be granted pursuant to this section unless the Secretary has, after due consultation with the mortgage lending industry, determined that the demonstration program of co-insurance authorized by this section will not disrupt the mortgage market or reduce the availability of mortgage credit to borrowers who depend upon mortgage insurance provided under this Act. “(d) No mortgage, advance, or loan shall be insured pursuant to this section after June 30, 1977, except pursuant to a commitment to insure made before that date. The aggregate principal amount of mortgages and loans insured pursuant to this section in any fiscal year beginning on or after July 1, 1974, and ending prior to October 1, 1977, shall not exceed 20 per centum of the aggregate principal amount of all mortgages and loans insured under this title during such fiscal year. The overall percentage limitation specified in the preceding sentence shall also apply separately within each of the following categories— “(1) mortgages and loans covering one- to four-family dwellings; and “(2) mortgages and loans covering projects with five or more dwelling units. “(e) The Secretary shall not withdraw, deny, or delay insurance otherwise authorized under any other provision of this Act by reason of the availability of insurance pursuant to this section. The Secretary shall exercise his authority under this section only to the extent that he finds that the continued exercise of such authority will not adversely affect the flow of mortgage credit to older and declining neighborhoods and to the purchasers of older and lower cost housing. “(f) The Secretary shall submit to the Congress a report, not later Report to Congress. than March 1, 1975, and annually thereafter, describing operations under this section, including the extent of mortgage participation and any special problems encountered, particularly with respect to the flow of mortgage credit to older and declining neighborhoods and to purchasers of older and lower cost housing, and setting forth any recommendations he may deem appropriate with respect to the continuation or modification of the authority contained in this section. If the Secretary shall fail to submit any such report by the date due, his authority under this section shall terminate.” Sec. 308. experimental financing Title II of the National Housing Act (as amended by section 307 of this Act) is amended by adding at the end thereof the following new section: “Sec. 245. “experimental financing The Secretary may insure on an experimental basis under 12 USC 1715z–10. any provision of this title mortgages and loans with provisions of varying rates of amortization corresponding to anticipated variations in family income to the extent he determines such mortgages or loans (1) have promise for expanding housing opportunities or meet special needs, (2) can be developed to include any safeguards for mortgagors or purchasers that may be necessary to offset special risks of such mortgages, and (3) have a potential for acceptance in the private market. The outstanding aggregate principal amount of mortgages which are insured pursuant to this section may not exceed 1 per centum of the outstanding aggregate principal amount of mortgages and loans estimated to be insured during any fiscal year under this title. A mortgage or loan may not be insured pursuant to this section after June 30, 1976, except pursuant to a commitment entered into prior to such date.” Sec. 309. property improvement and mobile home loans (a) Section 2(b) of the National Housing Act is amended— 12 USC 1703. (1) by striking out “$5,000” in clause (1) and inserting in lieu thereof “$10,000”; (2) by striking out “if such obligation” in clause (2) and all that follows down through “the general economy, and” and inserting in lieu thereof the following: “if such obligation has a maturity in excess of twelve years and thirty-two days, except that”; (3) by striking out “twelve years and thirty-two days (fifteen years and thirty-two days in the case of a mobile home composed of two or more modules)” in the proviso in clause (2) and inserting in lieu thereof “fifteen years and thirty-two days”; and (4) by striking out “$15,000”, “$2,500”, and “seven years” in the third proviso in clause (3) and inserting in lieu thereof “$25,000”, “$5,000”, and “twelve years”, respectively. (b) (1) Section 2(a) of such Act is amended by adding at the end 12 USC 1703. thereof the following new paragraph: “Alterations, repairs, and improvements upon or in connection with existing structures may include the provision of fire safety equipment, energy conserving improvements, or the installation of solar energy systems. As used in this section— Definitions. “(1) the term ‘fire safety equipment’ means any device or facility which is designed to reduce the risk of personal injury or property damage resulting from fire and is in conformity with such criteria and standards as shall be prescribed by the Secretary; “(2) the term ‘energy conserving improvements’ means any addition, alteration, or improvement to an existing or new structure which is designed to reduce the total energy requirements of that structure, and which is in conformity with such criteria and standards as shall be prescribed by the Secretary in consultation with the National Bureau of Standards; and “(3) the term ‘ solar energy system’ means any addition, alteration, or improvement to an existing or new structure which is designed to utilize solar energy to reduce the energy requirements of that structure from other energy sources, and which is in conformity with such criteria and standards as shall be prescribed by the Secretary in consultation with the National Bureau of Standards.” (2) The first sentence of section 2(a) of such Act is amended by inserting before the period at the end thereof the following: “or financing the purchase of a lot on which to place such home and paying expenses reasonably necessary for the appropriate preparation of such lot, including the installation of utility connections, sanitary facilities, and paving, and the construction of a suitable pad, or financing only the acquisition of such a lot either with or without such preparation by an owner of a mobile home.”. (3) Section 2(b) of such Act is amended by adding at the end thereof the following new sentence: “Notwithstanding the foregoing limitations, any loan to finance fire safety equipment for a nursing home, extended health care facility, intermediate health care facility, or other comparable health care facility may involve such principal amount and have such maturity as the Secretary may prescribe.”. (c) Clause (i) in the first paragraph of section 2(a) of such Act is amended by inserting “or mobile homes” immediately after “in connection with existing structures”. (d) Section 2(b) of such Act (as amended by subsection (b)(3) of this section) is amended by adding at the end thereof the following new paragraphs: “Notwithstanding the limitations contained in the first proviso to clause (2) of the preceding sentence, a loan financing the purchase of a mobile home and an undeveloped lot on which to place the home shall— “(A) involve an amount not exceeding (i) the maximum amount under clause (1) of the first paragraph of this subsection, and (ii) such amount not to exceed $5,000 as may be necessary to cover the cost of purchasing the lot; and “(B) have a maturity not exceeding fifteen years and thirty-two days (twenty years and thirty-two days in the case of a mobile home composed of two or more modules). “A loan financing the purchase of a mobile home and a suitably developed lot on which to place the home shall— “(A) involve an amount not exceeding (i) the maximum amount under clause (1) of the first paragraph of this subsection, and (ii) such amount not to exceed $7,500 as may be necessary to cover the cost of purchasing the lot; and “(B) have a maturity not exceeding fifteen years and thirty-two days (twenty years and thirty-two days in the case of a mobile home composed of two or more modules). “A loan financing the purchase, by an owner of a mobile home which is the principal residence of that owner, of only a lot on which to place that mobile home shall— “(A) involve such an amount as may be necessary to cover the cost of purchasing the lot but not exceeding (i) $5,000 in the case of an undeveloped lot, or (ii) $7,500 in the case of a developed lot; and “(B) have a maturity not exceeding ten years and thirty-two days. A mobile home lot loan may be made only if the owner certifies that he will place his mobile home on the lot acquired with such loan within six months after the date of such loan.” (e) The last sentence of section 3(a) of the Act entitled “An Act to amend chapter 37 of title 38 of the United States Code with respect 38 USC 1801 et seq. to the veterans’ home loan program, to amend the National Housing Act with respect to interest rates on insured mortgages, and for other purposes,” approved May 7, 1968, as amended (12 U.S.C. 1709–1), is amended by striking out “, and which represent loans and advances of credit made for the purpose of financing purchases of mobile homes,”. Sec. 310. down-payment requirements for regular fha one- to four-family mortgages (a) The first and second sentences of section 203(b)(2) of the National Housing Act are each amended— 12 USC 1709. (1) by striking out “$15,000” in clause (i) and inserting in lieu thereof “$25,000”; (2) by striking out “$15,000” and “$25,000” in clause (ii) and inserting in lieu thereof “$25,000” and “$35,000”, respectively; and (3) by striking out “$25,000” in clause (iii) and inserting in lieu thereof “$35,000”. (b) Section 220(d)(3)(A)(i) of such Act is amended by— 12 USC 1715k. (1) by striking out “$15,000” in each clause numbered (1) and inserting in lieu thereof “$25,000”; (2) by striking out “$15,000” and “$25,000” in each clause numbered (2) and inserting in lieu thereof “$25,000” and “$35,000”, respectively; and (3) by striking out “$25,000” in each clause numbered (3) and inserting in lieu thereof “$35,000”. (c) Section 222(b)(3) of such Act is amended to read as follows: 12 USC 1715m. “(3) have a principal obligation not in excess of the sum of (i) 97 per centum of $25,000 of the appraised value of the property as of the date the mortgage is accepted for insurance, (ii) 90 per centum of such value in excess of $25,000 but not in excess of $35,000, and (iii) 80 per centum of such value in excess of $35,000; and”. (d) That part of clause (A) of the third sentence of section 234(c) of such Act which begins “and not to exceed” is amended to read as 12 USC 1715y. follows “and not to exceed the sum of (i) 97 per centum of $25,000 of the appraised value of the property as of the date the mortgage is accepted for insurance, (ii) 90 per centum of such value in excess of $25,000 but not in excess of $35,000, (iii) 80 per centum of such value in excess of $35,000”. Sec. 311. multifamily mortgages (a) Section 223 of the National Housing Act is amended 12 USC 1715n. by adding at the end thereof the following new subsections: “(f) Notwithstanding any of the provisions of this Act, the Secretary is authorized, in his discretion, to insure under any section of this title a mortgage executed in connection with the purchase of refinancing of an existing multifamily housing project. In the case of refinancing under this subsection of property located in an older, declining urban area, the Secretary shall prescribe such terms and conditions as he deems necessary to assure that— “(1) the refinancing is used to lower the monthly debt service only to the extent necessary to assure the continued economic viability of the project, taking into account any rent reductions to be implemented by the mortgagor; and “(2) during the mortgage term no rental increases shall be made except those which are necessary to offset actual and reasonable operating expense increases or other necessary expense increases approved by the Secretary. “(g) Notwithstanding any other provisions of this Act, the Secretary may, in his discretion, insure a mortgage covering a multifamily housing project including units which are not self-contained.” (b) Section 213(b)(2) of such Act is amended by striking out “97 12 USC 1715e. per centum” and inserting in lieu thereof “98 per centum”. Sec. 312. group practice facilities (a) Title XI of the National Housing Act is amended— (1) by inserting after “unit or organization” in section 1101 12 USC 1749aaa. (b)(1) the following: “or other mortgagor”; (2) by inserting after “group practice facility” in section 1101 (b)(3) the following: “or medical practice facility”; (3) by inserting after “group practice facility” in section 1101 (e) the following: “or medical practice facility”; (4) by inserting after “group practice facility” in section 1101(f) the following: “or medical practice facility”; (5) by striking out in “(as defined in section 1106(1))” section 1105(a) and inserting in lieu thereof “or medical practice facility 12 USC 1749aaa–4. (as defined in section 1106)”; and (6) by redesignating paragraphs (2) through (8) of section 1106 as paragraphs (3) through (9), respectively, and by inserting 12 USC 1749aaa–5. after paragraph (1) of such section the following: “(2) The term ‘medical practice facility’ means an adequately Definitions. equipped facility in which not more than four persons licensed to practice medicine in the State where the facility is located can provide, as may be appropriate, preventive, diagnostic, and treatment services, and which is situated in a rural area or small town, or in a low-income section of an urban area, in which there exists, as determined by the Secretary, a critical shortage of physicians. As used in this paragraph— “(A) the term ‘small town’ means any town, village, or city having a population of not more than 10,000 inhabitants accord-ing to the most recent available data compiled by the Bureau of the Census; and “(B) the term ‘low-income section of an urban area’ means a section of a larger urban area in which the median family income is substantially lower, as determined by the Secretary, than the median family income for the area as a whole.” (b) Section 1106 of such Act is amended as follows: 12 USC 1749aaa–5. (1) Paragraph (1) is amended by inserting “or osteopathy” after “practice medicine”, and by inserting after “State” where it last appears the following: “, or, in the case of podiatric care or treatment, is under the professional supervision of persons licensed to practice podiatry in the State”. (2) Paragraph (2) (as redesignated by subsection (a)(6) of this section) is amended by inserting “, osteopathy,” after “practice medicine”, and by inserting after “dentistry in the State,” the following: “or of persons licensed to practice podiatry in the State,”. (3) Paragraph (3)(A) (as so redesignated) is amended by inserting “osteopathic care,” after “comprehensive medical care,”, by striking out “or” after “optometric care,”, and by inserting after “dental care,” the following: “or podiatric care,”. (4) Paragraph (3)(B) (as so redesignated) is amended by inserting “osteopathic,”, after “medical,”, by striking out “or” after “optometric,”, and by inserting after “dental” the following: “or podiatric”. Sec. 313. supplemental loans Section 241 of the National Housing Act is amended by 12 USC 1715z–6. adding at the end thereof the following new subsection: “(d) Notwithstanding the foregoing, the Secretary may insure a loan for improvements or additions to a multifamily housing project, or a group practice or medical practice facility or hospital or other health facility approved by the Secretary, which is not covered by a mortgage insured under this Act, if he finds that such a loan would assist in preserving, expanding, or improving housing opportunities, or in providing protection against fire or other hazards. Such loans shall have a maturity satisfactory to the Secretary and shall meet such other conditions as the Secretary may prescribe. In no event shall such a loan be insured if it is for an amount in excess of the maximum amount which could be approved if the outstanding indebtedness, if any, covering the property were a mortgage insured under this Act.” Sec. 314. mortgage insurance for land development The first sentence of section 1002(c) of the National Housing Act is amended to read as follows: “The principal obligation of 12 USC 1749bb. the mortgage shall not exceed the sum of 80 per centum of the Secretary’s estimate of the value of the land before development and 90 per centum of his estimate of the cost of such development.”. Sec. 315. sales to cooperatives Title II of the National Housing Act (as amended by sections 307 and 308 of this Act) is amended by adding at the end thereof the following: “Sec. 246. “sale of acquired property to cooperatives In any case in which the Secretary sells a multifamily 12 USC 1715z–11. housing project acquired as the result of a default on a mortgage which was insured under this Act to a cooperative which will operate it on a nonprofit basis and restrict permanent occupancy of its dwellings to members, the Secretary may accept a purchase money mortgage in a principal amount equal to the sum of (1) the appraised value of the property at the time of purchase, which value shall be based upon a mortgage amount on which the debt service can be met from the income of the property when operated on a nonprofit basis after payment of all operating expenses, taxes, and required reserves, and (2) the amount of prepaid expenses and costs involved in achieving cooperative ownership. Prior to such disposition of a project, funds may be expended by the Secretary for necessary repairs and improvements.” Sec. 316. extension of regular fha insurance programs (a) Section 2(a) of the National Housing Act is amended 12 USC 1703. by striking out “October 1, 1974” in the first sentence and inserting in lieu thereof “June 30, 1977”. (b) Section 217 of such Act is amended by striking out “October 1, 12 USC 1715h. 1974” and inserting in lieu thereof “June 30, 1977”. (c) Section 221(f) of such Act is amended by striking out “October 12 USC 1715l. 1, 1974” in the fifth sentence and inserting in lieu thereof “June 30, 1977”. (d) Section 809(f) of such Act is amended by striking out “October 12 USC 1748h–1. 1, 1974” in the second sentence and inserting in lieu thereof “June 30, 1977”. (e) Section 810(k) of such Act is amended by striking out “October 12 USC 1748h–2. 1, 1974” in the second sentence and inserting in lieu thereof “June 30, 1977”. (f) Section 1002(a) of such Act is amended by striking out “October 12 USC 1749bb. 1, 1974” in the second sentence and inserting in lieu thereof “June 30, 1977”. (g) Section 1101(a) of such Act is amended by striking out “October 12 USC 1749aaa. 1, 1974” in the second sentence and inserting in lieu thereof “June 30, 1977”. Sec. 317. extension of flexible interest rate authority Section 3(a) of the Act entitled “An Act to amend chapter 37 of title 38 of the United States Code with respect to the veterans’ 38 USC 1801 et seq. home loan program, to amend the National Housing Act with respect to interest rates on insured mortgages, and for other purposes”, approved May 7, 1968, as amended (12 U.S.C. 1709–1), is amended by striking out “October 1, 1974” and inserting in lieu thereof “June 30, 1977”. Sec. 318. mortgage insurance in military impacted areas Section 238 of the National Housing Act is amended by 12 USC 1715z–3. adding at the end thereof the following new subsection: “(c) The Special Risk Insurance Fund may be used by the Secretary for carrying out the mortgage insurance obligations of sections 203 and 207 to provide housing for military personnel, Federal civilian employees, and Federal contractor employees assigned to duty or employed at or in connection with any installation of the Armed Forces of the United States in federally impacted areas where, in the judgment of the Secretary (1) the residual housing requirements for persons not associated with such installations are insufficient to sustain the housing market in the event of substantial curtailment of employment of personnel assigned to such installations, and (2) the benefits to be derived from such use outweigh the risk of possible cost to the Government.” Sec. 319. amendment to make public housing agencies eligible as mortgagors under section 221(d)(3) of the national housing act (a) Section 221(d)(3) of the National Housing Act is 12 USC 1715l. amended by striking out “(and which certifies that it is not receiving financial assistance from the United States exclusively pursuant to the United States Housing Act of 1937)” and inserting in lieu thereof 42 USC 1430. 42 USC 1408. “(and, except with respect to a project assisted or to be assisted pursuant to section 8 of the United States Housing Act of 1937, which certifies that it is not receiving financial assistance from the United States exclusively pursuant to such Act)”. (b) With respect to any obligation secured by a mortgage which is 12 USC 1715l note. insured under section 221(d)(3) of the National Housing Act and issued by a public agency as mortgagor in connection with the financing of a project assisted under section 8 of the United States Housing Act of 1937, the interest paid on such obligation shall be included in gross income for purposes of chapter 1 of the Internal Revenue Code of 1954.

53. 1974

    Housing and Community Development Act of 1974

    Pub. L. 93–383 § 309(a) · 88 Stat. 634

    1. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 93–383, § 309(a), (b)(3), (d), in cl. (1) substituted “exceeds $10,000” for “exceeds $5,000”, in cl. (2) substituted provisions relating to maturity of obligation in excess of twelve years and thirty-two days for provisions relating to maturity of obligation in excess of three years and thirty-two days and authorization of increase to seven years and thirty-two days under conditions determined by the Secretary

    2. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 93–383, § 309(a), (b)(3), (d), in cl. (1) substituted “fifteen years and thirty-two days” for “twelve years and thirty-two days (fifteen years and thirty-two days in the case of a mobile home composed of two or more modules)”

    3. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 93–383, § 309(a), (b)(3), (d), in cl. (1) substituted “$25,000” for “$15,000”

    4. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 93–383, § 309(a), (b)(3), (d), in cl. (1) substituted “$5,000” for “$2,500”

    5. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 93–383, § 309(a), (b)(3), (d), in cl. (1) substituted “twelve years” for “seven years”

    6. Inserted · 12 U.S.C. § 1703(b)

       Pub. L. 93–383, § 309(a), (b)(3), (d), in cl. (1) inserted provision relating to loans to finance fire safety equipment for a nursing home, etc.

    7. Inserted · 12 U.S.C. § 1703(b)

       Pub. L. 93–383, § 309(a), (b)(3), (d), in cl. (1) inserted paragraphs relating to financing the purchase of a mobile home and an undeveloped lot on which the mobile home is to be placed, financing the purchase of a mobile home and a suitably developed lot on which the mobile home is to be placed, and financing the purchase by the owner of a mobile home of a lot on which the mobile home is to be placed

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 93–383, § 309(a), (b)(3), (d), in cl. (1) substituted “exceeds $10,000” for “exceeds $5,000”, in cl. (2) substituted provisions relating to maturity of obligation in excess of twelve years and thirty-two days for provisions relating to maturity of obligation in excess of three years and thirty-two days and authorization of increase to seven years and thirty-two days under conditions determined by the Secretary and substituted “fifteen years and thirty-two days” for “twelve years and thirty-two days (fifteen years and thirty-two days in the case of a mobile home composed of two or more modules)”, in cl. (3) substituted “$25,000” for “$15,000”, “$5,000” for “$2,500”, and “twelve years” for “seven years”, inserted provision relating to loans to finance fire safety equipment for a nursing home, etc., and inserted paragraphs relating to financing the purchase of a mobile home and an undeveloped lot on which the mobile home is to be placed, financing the purchase of a mobile home and a suitably developed lot on which the mobile home is to be placed, and financing the purchase by the owner of a mobile home of a lot on which the mobile home is to be placed.

    Enacted provision · exact public law section
    (a) Section 2(b) of the National Housing Act is amended— 12 USC 1703. (1) by striking out “$5,000” in clause (1) and inserting in lieu thereof “$10,000”; (2) by striking out “if such obligation” in clause (2) and all that follows down through “the general economy, and” and inserting in lieu thereof the following: “if such obligation has a maturity in excess of twelve years and thirty-two days, except that”; (3) by striking out “twelve years and thirty-two days (fifteen years and thirty-two days in the case of a mobile home composed of two or more modules)” in the proviso in clause (2) and inserting in lieu thereof “fifteen years and thirty-two days”; and (4) by striking out “$15,000”, “$2,500”, and “seven years” in the third proviso in clause (3) and inserting in lieu thereof “$25,000”, “$5,000”, and “twelve years”, respectively.

54. 1974

    Emergency Home Purchase Assistance Act of 1974

    Pub. L. 93–449 § 4(a)(1) · 88 Stat. 1364

    Inserted · 12 U.S.C. § 1703(a)

    Pub. L. 93–449, § 4(a)(1), inserted provisions relating to financing preservation of historic structures and defining “historic structures” and “preservation”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 93–449, § 4(a)(1), inserted provisions relating to financing preservation of historic structures and defining “historic structures” and “preservation”.

    Enacted provision · exact public law section
    (1) The first sentence of section 2(a) of such Act is amended by inserting before the period at the end thereof the following: “; and for the purpose of financing the preservation of historic structures, and, “Historic structures.” “Preservation.” as used in this section, the term ‘historic structures’ means residential structures which are registered in the National Register of Historic Places or which are certified by the Secretary of the Interior to conform to National Register criteria; and the term ‘preservation’ means restoration or rehabilitation undertaken for such purposes as are approved by the Secretary in regulations issued by him, after consulting with the Secretary of the Interior”.

55. 1974

    Emergency Home Purchase Assistance Act of 1974

    Pub. L. 93–449 § 4(a)(2) · 88 Stat. 1364

    Added · 12 U.S.C. § 1703(b)

    Pub. L. 93–449, § 4(a)(2), added par. relating to loans financing preservation of historic structures

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 93–449, § 4(a)(2), added par. relating to loans financing preservation of historic structures.

    Enacted provision · exact public law section
    (2) Section 2(b) of such Act is amended by adding at the end thereof the following new paragraph: “A loan financing the preservation of a historic structure shall— “(1) involve an amount not exceeding $15,000 per family unit; and “(2) have a maturity not exceeding fifteen years and thirty-two days.”.

56. 1975

    Pub. L. 94–173 § 1 · 89 Stat. 1027

    Substituted · 12 U.S.C. § 1703(b)

    Pub. L. 94–173 substituted “$12,500 ($20,000” for “$10,000 ($15,000” in cl. 1

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 94–173 substituted “$12,500 ($20,000” for “$10,000 ($15,000” in cl. 1.

57. 1977

    Pub. L. 95–60 § 1(a) · 91 Stat. 257

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 95–60 substituted “August 1, 1977” for “June 30, 1977”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 95–60 substituted “August 1, 1977” for “June 30, 1977”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is 12 USC 1703. amended by striking out “June 30, 1977” in the first sentence and inserting in lieu thereof “August 1, 1977”.

58. 1977

    Pub. L. 95–80 § 1(a) · 91 Stat. 339

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 95–80 substituted “October 1, 1977” for “August 1, 1977”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 95–80 substituted “October 1, 1977” for “August 1, 1977”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is 12 USC 1703. amended by striking out “August 1, 1977” in the first sentence and inserting in lieu thereof “October 1, 1977”.

59. 1977

    Housing and Community Development Act of 1977

    Pub. L. 95–128 § 301(a) · 91 Stat. 1111

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 95–128, § 301(a), substituted “October 1, 1978” for “October 1, 1977”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 95–128, § 301(a), substituted “October 1, 1978” for “October 1, 1977”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended 12 USC 1703. by striking out “October 1, 1977” in the first sentence and inserting in lieu thereof “October 1, 1978”.

60. 1977

    Housing and Community Development Act of 1977

    Pub. L. 95–128 § 306 · 91 Stat. 1111

    1. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 95–128, § 306, substituted: in cl. (1) of first sentence “$15,000” for “$10,000”

    2. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 95–128, § 306, substituted: in cl. (1) of first sentence “$16,000 ($24,000” for “$12,500 ($20,000”

    3. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 95–128, § 306, substituted: in cl. (1) of first sentence “fifteen years” for “twelve years”

    4. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 95–128, § 306, substituted: in cl. (1) of first sentence “twenty-three years” for “twenty years”

    5. Inserted · 12 U.S.C. § 1703(b)

       Pub. L. 95–128, § 306, inserted paragraph at end of subsec. (b) which authorized the Secretary to increase by regulation any dollar amount limitation on mobile homes or mobile home lot loans contained in this subsection by not to exceed 40 per centum

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 95–128, § 306, substituted: in cl. (1) of first sentence “$15,000” for “$10,000” and “$16,000 ($24,000” for “$12,500 ($20,000”, and in cl. (2) “fifteen years” for “twelve years”; inserted at end of proviso in cl. (2) “(twenty-three years and thirty-two days in the case of a mobile home composed of two or more modules)”; substituted in subpar. (B) of the second and third paragraphs “twenty-three years” for “twenty years”; and inserted paragraph at end of subsec. (b) which authorized the Secretary to increase by regulation any dollar amount limitation on mobile homes or mobile home lot loans contained in this subsection by not to exceed 40 per centum.

    Enacted provision · exact public law section
    Sec. 306. maximum mortgage amount and maturity under title i of the national housing act (a) The first sentence of section 2(b) of the National 12 USC 1703. Housing Act is amended— (1) by striking out “$10,000” the first time it appears in clause (1) and inserting in lieu thereof “$15,000”; and (2) by striking out “twelve years” in clause (2) and inserting in lieu thereof “fifteen years”. (b) Section 2(b) of such Act is amended by striking out “$12,500 ($20,000” in clause (1) and inserting in lieu thereof “$16,000 ($24,000”; and by inserting the following before the semicolon at the end of the proviso in clause (2): “(twenty-three years and thirty-two days in the case of a mobile home composed of two or more modules)”. (c) Subparagraph (B) of the second paragraph of section 2(b) of such Act and subparagraph (B) of the third paragraph of such section 2(b) are each amended by striking out “twenty years” and inserting in lieu thereof in each case “twenty-three years”. (d) Section 2(b) of such Act is amended by adding at the end thereof the following new undesignated paragraph: Increase, regulation. “Because of prevailing higher costs, the Secretary may, by regulation, in Alaska, Guam, or Hawaii, increase any dollar amount limitation on mobile homes or mobile home lot loans contained in this subsection by not to exceed 40 per centum.”.

61. 1978

    Pub. L. 95–406 § 1(a) · 92 Stat. 879

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 95–406 substituted “November 1, 1978” for “October 1, 1978”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 95–406 substituted “November 1, 1978” for “October 1, 1978”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended 12 USC 1703. by striking out “October 1, 1978” in the first sentence and inserting in lieu thereof “November 1, 1978”.

62. 1978

    Housing and Community Development Amendments of 1978

    Pub. L. 95–557 § 301(a) · 92 Stat. 2080

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 95–557, § 301(a), substituted “October 1, 1979” for “November 1, 1978”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 95–557, § 301(a), substituted “October 1, 1979” for “November 1, 1978”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended 12 USC 1703. by striking out “November 1, 1978” in the first sentence and inserting in lieu thereof “October 1, 1979”.

63. 1978

    Housing and Community Development Amendments of 1978

    Pub. L. 95–557 § 320 · 92 Stat. 2080

    Substituted · 12 U.S.C. § 1703(b)

    Pub. L. 95–557, § 320, substituted “not in excess of $37,500 nor an average amount of $7,500 per family unit and having a maturity not in excess of fifteen years” for “not in excess of $25,000 nor an average amount of $5,000 per family unit and having a maturity not in excess of twelve years”

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 95–557, § 320, substituted “not in excess of $37,500 nor an average amount of $7,500 per family unit and having a maturity not in excess of fifteen years” for “not in excess of $25,000 nor an average amount of $5,000 per family unit and having a maturity not in excess of twelve years”.

    Enacted provision · exact public law section
    Sec. 320. title i home improvement loans for multifamily dwellings The first sentence of section 2(b) of the National Housing 12 USC 1703. Act is amended by striking out “$25,000”, “$5,000”, and “twelve years” in the third proviso in clause (3) and inserting in lieu thereof “$37,500”, “$7.500”, and “fifteen years”, respectively.

64. 1978

    Pub. L. 95–619 title II § 241 · 92 Stat. 3206

    Changed · 12 U.S.C. § 1703(a)(2)

    Pub. L. 95–619 defined “energy conserving improvements” in terms of purchase and installation of weatherization materials as defined in section 6862(9) of title 42 rather than additions, alterations, or improvements of an existing or new structure, designed to reduce the total energy requirements of a structure in conformity with standards prescribed by the Secretary

    Source evidence

    Code amendment note
    Subsec. (a)(2). Pub. L. 95–619 defined “energy conserving improvements” in terms of purchase and installation of weatherization materials as defined in section 6862(9) of title 42 rather than additions, alterations, or improvements of an existing or new structure, designed to reduce the total energy requirements of a structure in conformity with standards prescribed by the Secretary.

    Enacted provision · exact public law section
    SEC. 241. LOAN INSURANCE FOR ENERGY CONSERVING IMPROVEMENTS AND SOLAR ENERGY SYSTEMS UNDER TITLE I OF THE NATIONAL HOUSING ACT. Subparagraphs (2) and (3) of the last paragraph of section 2(a) 12 USC 1703. “Energy conserving improvements.” of the National Housing Act are amended to read as follows: “(2) the term ‘energy conserving improvements’ means the purchase and installation of weatherization materials as defined in section 412(9) of the Energy Conservation in Existing Buildings 42 USC 6862. “Solar energy system.” Act of 1976; and “(3) the term ‘solar energy system’ means any addition, alteration, or improvement to an existing or new structure which is designed to utilize wind energy or solar energy either of the active type based on mechanically forced energy transfer or of the passive type, based on convective, conductive, or radiant energy transfer or some combination of these types to reduce the energy requirements of that structure from other energy sources, and which is in conformity with such criteria and standards as shall be prescribed by the Secretary in consultation with the Secretary of Energy.”.

65. 1978

    Pub. L. 95–619 title II § 241 · 92 Stat. 3206

    Added · 12 U.S.C. § 1703(a)(3)

    Pub. L. 95–619 expanded definition of “solar energy system” to include the utilization of wind energy and added the distinction between active and passive types of energy systems

    Source evidence

    Code amendment note
    Subsec. (a)(3). Pub. L. 95–619 expanded definition of “solar energy system” to include the utilization of wind energy and added the distinction between active and passive types of energy systems.

    Enacted provision · exact public law section
    SEC. 241. LOAN INSURANCE FOR ENERGY CONSERVING IMPROVEMENTS AND SOLAR ENERGY SYSTEMS UNDER TITLE I OF THE NATIONAL HOUSING ACT. Subparagraphs (2) and (3) of the last paragraph of section 2(a) 12 USC 1703. “Energy conserving improvements.” of the National Housing Act are amended to read as follows: “(2) the term ‘energy conserving improvements’ means the purchase and installation of weatherization materials as defined in section 412(9) of the Energy Conservation in Existing Buildings 42 USC 6862. “Solar energy system.” Act of 1976; and “(3) the term ‘solar energy system’ means any addition, alteration, or improvement to an existing or new structure which is designed to utilize wind energy or solar energy either of the active type based on mechanically forced energy transfer or of the passive type, based on convective, conductive, or radiant energy transfer or some combination of these types to reduce the energy requirements of that structure from other energy sources, and which is in conformity with such criteria and standards as shall be prescribed by the Secretary in consultation with the Secretary of Energy.”.

66. 1979

    Pub. L. 96–71 § 1(a) · 93 Stat. 501

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 96–71 substituted “November 1, 1979” for “October 1, 1979”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 96–71 substituted “November 1, 1979” for “October 1, 1979”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended 12 USC 1703. by striking out “October 1, 1979” in the first sentence and inserting in lieu thereof “November 1, 1979”.

67. 1979

    Pub. L. 96–105 § 1(a) · 93 Stat. 794

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 96–105 substituted “December 1, 1979” for “November 1, 1979”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 96–105 substituted “December 1, 1979” for “November 1, 1979”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended by striking out “November 1, 1979” in the first sentence and inserting in lieu thereof “December 1, 1979”.

68. 1979

    Housing and Community Development Amendments of 1979

    Pub. L. 96–153 § 301(a) · 93 Stat. 1101

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 96–153, § 301(a), substituted “October 1, 1980” for “December 1, 1979”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 96–153, § 301(a), substituted “October 1, 1980” for “December 1, 1979”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended by striking out “December 1, 1979” in the first sentence and inserting in lieu thereof “October 1, 1980”.

69. 1979

    Housing and Community Development Amendments of 1979

    Pub. L. 96–153 § 313(a) · 93 Stat. 1101

    1. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 96–153, § 313(a), substituted: in cl. (1) of first sentence of first unlettered paragraph “$18,000 ($27,000 in the case of a mobile home containing” for “$16,000 ($24,000 in the case of a mobile home composing”

    2. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 96–153, § 313(a), substituted: in cl. (1) of first sentence of first unlettered paragraph “such an amount not exceeding $24,000 ($33,000 in the case of a mobile home composed of two or more modules)” for “an amount not exceeding (i) the maximum amount under clause (1) of the first paragraph of this subsection, and (ii) such amount not to exceed $5,000 as may be necessary to cover the cost of purchasing the lot”

    3. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 96–153, § 313(a), substituted: in cl. (1) of first sentence of first unlettered paragraph “twenty years and thirty-two days (twenty-five” for “fifteen years and thirty-two days (twenty-three”

    4. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 96–153, § 313(a), substituted: in cl. (1) of first sentence of first unlettered paragraph “such an amount not exceeding $27,500 ($36,500 in the case of a mobile home composed of two or more modules)” for “an amount not exceeding (i) the maximum amount under clause (1) of the first paragraph of this subsection, and (ii) such amount not to exceed $7,500 as may be necessary to cover the cost of purchasing the lot”

    5. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 96–153, § 313(a), substituted: in cl. (1) of first sentence of first unlettered paragraph “$6,250 in the case of an undeveloped lot, or (ii) $9,375” for “$5,000 in the case of an undeveloped lot, or (ii) $7,500”

    6. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 96–153, § 313(a), substituted: in cl. (1) of first sentence of first unlettered paragraph “fifteen years and thirty-two days” for “ten years and thirty-two days”

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 96–153, § 313(a), substituted: in cl. (1) of first sentence of first unlettered paragraph “$18,000 ($27,000 in the case of a mobile home containing” for “$16,000 ($24,000 in the case of a mobile home composing”, in subpar. (A) of second unlettered paragraph “such an amount not exceeding $24,000 ($33,000 in the case of a mobile home composed of two or more modules)” for “an amount not exceeding (i) the maximum amount under clause (1) of the first paragraph of this subsection, and (ii) such amount not to exceed $5,000 as may be necessary to cover the cost of purchasing the lot”, in subpar. (B) of second unlettered paragraph “twenty years and thirty-two days (twenty-five” for “fifteen years and thirty-two days (twenty-three”, in subpar. (A) of third unlettered paragraph “such an amount not exceeding $27,500 ($36,500 in the case of a mobile home composed of two or more modules)” for “an amount not exceeding (i) the maximum amount under clause (1) of the first paragraph of this subsection, and (ii) such amount not to exceed $7,500 as may be necessary to cover the cost of purchasing the lot”, in subpar. (B) of such unlettered paragraph “twenty years and thirty-two days (twenty-five” for “fifteen years and thirty-two days (twenty-three”, in subpar. (A) of the fourth unlettered paragraph “$6,250 in the case of an undeveloped lot, or (ii) $9,375” for “$5,000 in the case of an undeveloped lot, or (ii) $7,500”, and in subpar. (B) of such paragraph “fifteen years and thirty-two days” for “ten years and thirty-two days”.

    Enacted provision · exact public law section
    (a) Section 2(b) of the National Housing Act is amended— (1) by striking out “$16,000 ($24,000 in the case of a mobile home composed of two or more modules” in the first sentence and inserting in lieu thereof “$18,000 ($27,000 in the case of a mobile home containing two or more modules”; (2) by striking out subparagraph (A) of the second paragraph and inserting in lieu thereof the following: “(A) involve such an amount not exceeding $24,000 ($33,000 in the case of a mobile home composed of two or more modules); and”; (3) by striking out “fifteen years and thirty-two days (twenty-three” in subparagraph (B) of the second paragraph and inserting in lieu thereof “twenty years and thirty-two days (twenty-five”; (4) by striking out subparagraph (A) of the third paragraph and inserting in lieu thereof the following: “(A) involve such an amount not exceeding $27,500 ($36,500 in the case of a mobile home composed of two or more modules); and”; (5) by striking out “fifteen years and thirty-two days (twenty-three” in subparagraph (B) of the third paragraph and inserting in lieu thereof “twenty years and thirty-two days (twenty-five”; (6) by striking out “$5,000 in the case of an undeveloped lot, or (ii) $7,500,” in subparagraph (A) of the fourth paragraph and inserting in lieu thereof “$6,250 in the case of an undeveloped lot, or (ii) $9,375”; and (7) by striking out “ten years and thirty-two days” in subparagraph (B) of the fourth paragraph and inserting in lieu thereof “fifteen years and thirty-two days”.

70. 1980

    Pub. L. 96–372 § 1(a) · 94 Stat. 1363

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 96–372 substituted “October 16, 1980” for “October 1, 1980”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 96–372 substituted “October 16, 1980” for “October 1, 1980”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended 12 USC 1703. by striking out “October 1, 1980” in the first sentence and inserting in lieu thereof “October 16, 1980”.

71. 1980

    Housing and Community Development Act of 1980

    Pub. L. 96–399 § 308(c)(1) · 94 Stat. 1614

    1. Substituted · 12 U.S.C. § 1703(a)

       Pub. L. 96–399, § 308(c)(1), which directed substitution of “manufactured home” for “mobile home” wherever appearing pursuant to Pub. L. 97–35, § 339B(c). See 1981 Amendment note above

    2. Substituted · 12 U.S.C. § 1703(a)

       Pub. L. 96–399, § 308(c)(1), which directed substitution of “manufactured homes” for “mobile homes” wherever appearing pursuant to Pub. L. 97–35, § 339B(c). See 1981 Amendment note above

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 96–399, § 308(c)(1), which directed substitution of “manufactured home” for “mobile home” wherever appearing, was executed by substituting “manufactured home” for “mobile home” and “manufactured homes” for “mobile homes” wherever appearing pursuant to Pub. L. 97–35, § 339B(c). See 1981 Amendment note above.

    Enacted provision · exact public law section
    (1) The National Housing Act is amended by striking out “mobile home” each place it appears and inserting in lieu thereof “manufactured home”.

72. 1980

    Housing and Community Development Act of 1980

    Pub. L. 96–399 § 301(a) · 94 Stat. 1614

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 96–399, § 301(a), substituted “October 1, 1981” for “October 16, 1980”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 96–399, § 301(a), substituted “October 1, 1981” for “October 16, 1980”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended by striking out “October 16, 1980” in the first sentence and inserting in lieu thereof “October 1, 1981”.

73. 1980

    Housing and Community Development Act of 1980

    Pub. L. 96–399 § 308(c)(1) · 94 Stat. 1614

    1. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 96–399, § 308(c)(1), which directed substitution of “manufactured home” for “mobile home” wherever appearing pursuant to Pub. L. 97–35, § 339B(c). See 1981 Amendment note above

    2. Substituted · 12 U.S.C. § 1703(b)

       Pub. L. 96–399, § 308(c)(1), which directed substitution of “manufactured homes” for “mobile homes” wherever appearing pursuant to Pub. L. 97–35, § 339B(c). See 1981 Amendment note above

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 96–399, § 308(c)(1), which directed substitution of “manufactured home” for “mobile home” wherever appearing, was executed by substituting “manufactured home” for “mobile home” and “manufactured homes” for “mobile homes” wherever appearing pursuant to Pub. L. 97–35, § 339B(c). See 1981 Amendment note above.

    Enacted provision · exact public law section
    (1) The National Housing Act is amended by striking out “mobile home” each place it appears and inserting in lieu thereof “manufactured home”.

74. 1980

    Housing and Community Development Act of 1980

    Pub. L. 96–399 § 308(a) · 94 Stat. 1614

    Inserted · 12 U.S.C. § 1703(b)

    Pub. L. 96–399, § 308(a), (b), inserted provisions respecting areas of high land costs or high set-up costs and increased amounts with respect to financing purchases of such homes from $18,000 to $20,000 (from $27,000 to $30,000 where there are two or more modules), where an undeveloped lot is concerned from $24,000 to $26,675 (from $33,000 to $36,675 where there are two or more modules), where a suitably developed lot is concerned from $27,500 to $30,550 (from $36,500 to $40,550 where there are two or more modules), and where a principal place of residence of the owner is concerned from $6,250 to $6,950 and $9,375 to $10,425, respectively, for undeveloped and developed lots

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 96–399, § 308(a), (b), inserted provisions respecting areas of high land costs or high set-up costs and increased amounts with respect to financing purchases of such homes from $18,000 to $20,000 (from $27,000 to $30,000 where there are two or more modules), where an undeveloped lot is concerned from $24,000 to $26,675 (from $33,000 to $36,675 where there are two or more modules), where a suitably developed lot is concerned from $27,500 to $30,550 (from $36,500 to $40,550 where there are two or more modules), and where a principal place of residence of the owner is concerned from $6,250 to $6,950 and $9,375 to $10,425, respectively, for undeveloped and developed lots.

    Enacted provision · exact public law section
    (a) Section 2(b) of the National Housing Act is amended— (1) by striking out “$18,000 ($27,000 in the case of a mobile home containing two or more modules)” in the first sentence and inserting in lieu thereof “$20,000 ($30,000 in the case of a manufactured home composed of two or more modules)”; (2) by striking out subparagraph (A) of the second paragraph and inserting in lieu thereof the following: “(A) involve an amount not exceeding $26,675 ($36,675 in the case of a manufactured home composed of more than two modules); and”; (3) by striking out subparagraph (A) of the third paragraph and inserting in lieu thereof the following: “(A) involve an amount not exceeding $30,550 ($40,550 in the case of a manufactured home composed of two or more modules); and”; and (4) by striking out “$6,250 in the case of an undeveloped lot, or (ii) $9,375” in the fourth paragraph and inserting in lieu thereof “$6,950 in the case of an undeveloped lot, or (ii) $10,425”.

75. 1981

    Housing and Community Development Amendments of 1981

    Pub. L. 97–35 § 339B(c) · 95 Stat. 357

    Changed · 12 U.S.C. § 1703

    Pub. L. 97–35, § 339B(c), provided that for purposes of section 308(c)(1) of Pub. L. 96–399, the terms “mobile home” and “manufactured home” shall be deemed to include the terms “mobile homes” and “manufactured homes”, respectively. See 1980 Amendment notes below

    Source evidence

    Code amendment note
    Pub. L. 97–35, § 339B(c), provided that for purposes of section 308(c)(1) of Pub. L. 96–399, the terms “mobile home” and “manufactured home” shall be deemed to include the terms “mobile homes” and “manufactured homes”, respectively. See 1980 Amendment notes below.

    Enacted provision · exact public law section
    (c) For purposes of paragraphs (1) and (4) of section 308(c) of the Definitions. 94 Stat. 1640. 12 USC 1701 et seq., 5401 et seq. Housing and Community Development Act of 1980, the term “mobile home” and the term “manufactured home” shall be deemed to include the term “mobile homes” and the term “manufactured homes”, respectively.

76. 1981

    Housing and Community Development Amendments of 1981

    Pub. L. 97–35 § 331(a) · 95 Stat. 357

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 97–35, § 331(a), substituted “1982” for “1981”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 97–35, § 331(a), substituted “1982” for “1981”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended by striking out “October 1, 1981” in the first sentence and inserting in lieu thereof “October 1, 1982”.

77. 1981

    Housing and Community Development Amendments of 1981

    Pub. L. 97–35 § 338(a) · 95 Stat. 357

    Changed · 12 U.S.C. § 1703(b)

    Pub. L. 97–35, § 338(a), completely revised and reorganized provisions respecting computations, adjustments, applicability, etc., for granting of insurance to financial institutions for obligations representing loans, advances of credit, or purchases

    Source evidence

    Code amendment note
    Subsec. (b). Pub. L. 97–35, § 338(a), completely revised and reorganized provisions respecting computations, adjustments, applicability, etc., for granting of insurance to financial institutions for obligations representing loans, advances of credit, or purchases.

    Enacted provision · exact public law section
    (a) Section 2(b) of the National Housing Act is amended to read as follows: “(b) (1) No insurance shall be granted under this section to any such financial institution with respect to any obligation representing any such loan, advance of credit, or purchase by it if the amount of such loan, advance of credit, or purchase exceeds— “(A) $17,500 ($20,000 where financing the installation of a solar energy system is involved) if made for the purpose of financing alterations, repairs and improvements upon or in connection with existing single-family structures or manufactured homes; “(B) $43,750 or an average amount of $8,750 per family unit ($50,000 and $10,000, respectively, where financing the installation of a solar energy system is involved) if made for the purpose of financing the alteration, repair, improvement, or conversion of an existing structure used or to be used as an apartment house or a dwelling for two or more families; “(C) $22,500 ($35,000 in the case of a manufactured home composed of two or more modules) if made for the purpose of financing the purchase of a manufactured home; “(D) $35,000 ($47,500 in the case of a manufactured home composed of two or more modules) if made for the purpose of financing the purchase of a manufactured home and a suitably developed lot on which to place the home; “(E) such an amount as may be necessary, but not exceeding $12,500, if made for the purpose of financing the purchase, by an owner of a manufactured home which is the principal residence of that owner, of a suitably developed lot on which to place that manufactured home, and if the owner certifies that he or she will place the manufactured home on the lot acquired with such loan within six months after the date of such loan; “(F) $15,000 per family unit if made for the purpose of financing the preservation of an historic structure; and “(G) such principal amount as the Secretary may prescribe if made for the purpose of financing fire safety equipment for a nursing home, extended health care facility, intermediate health care facility, or other comparable health care facility. “(2) Because of prevailing higher costs, the Secretary may, by regulation, in Alaska, Guam, or Hawaii, increase any dollar amount limitation on manufactured homes or manufactured home lot loans contained in this subsection by not to exceed 40 per centum. In other areas where needed to meet higher costs of land acquisition, site development, and construction of a permanent foundation in connection with the purchase of a manufactured home or lot, the Secretary may, by regulation, increase any dollar amount limitation otherwise applicable by an additional $7,500. “(3) No insurance shall be granted under this section to any such financial institution with respect to any obligation representing any such loan, advance of credit, or purchase by it if the term to maturity of such loan, advance of credit or purchase exceeds— “(A) fifteen years and thirty-two days if made for the purpose of financing alterations, repairs, and improvements upon or in connection with an existing single-family structure or manufactured home; “(B) fifteen years and thirty-two days if made for the purpose of financing the alteration, repair, improvement or conversion of an existing structure used or to be used as an apartment house or a dwelling for two or more families; “(C) twenty years and thirty-two days (twenty-three years and thirty-two days in the case of a manufactured home composed of two or more modules) if made for the purpose of financing the purchase of a manufactured home; “(D) twenty years and thirty-two days (twenty-five years and thirty-two days in the case of a manufactured home composed of two or more modules) if made for the purpose of financing the purchase of a manufactured home and a suitably developed lot on which to place the home; “(E) fifteen years and thirty-two days if made for the purpose of financing the purchase, by the owner of a manufactured home which is the principal residence of that owner, of a suitably developed lot on which to place that manufactured home; “(F) fifteen years and thirty-two days if made for the purpose of financing the preservation of an historic structure; “(G) such term to maturity as the Secretary may prescribe if made for the purpose of financing the construction of a new structure for use in whole or in part for agricultural purposes; and “(H) such term to maturity as the Secretary may prescribe if made for the purpose of financing fire safety equipment for a nursing home, extended health care facility, intermediate health care facility, or other comparable health care facility. “(4) For the purpose of this subsection— “(A) the term ‘developed lot’ includes an interest in a condominium project (including any interest in the common areas) or a share in a cooperative association; “(B) a loan to finance the purchase of a manufactured home or a manufactured home and lot may also finance the purchase of a garage, patio, carport, or other comparable appurtenance; and “(C) a loan to finance the purchase of a manufactured home or a manufactured home and lot shall be secured by a first lien upon such home or home and lot, its furnishings, equipment, accessories, and appurtenances. “(5) No insurance shall be granted under this section to any such financial institution with respect to any obligation representing any such loan, advance of credit, or purchase by it unless the obligation bears such interest, has such maturity, and contains such other terms, conditions, and restrictions as the Secretary shall prescribe, in order to make credit available for the purpose of this title. Any such obligation with respect to which insurance is granted under this section shall bear interest and insurance premium charges not exceeding (A) an amount, with respect to so much of the net proceeds thereof as does not exceed $2,500, equivalent to $5.50 discount per $100 of original face amount of a one-year note payable in equal monthly installments, plus (B) an amount, with respect to any portion of the net proceeds thereof in excess of $2,500, equivalent to $4.50 discount per $100 of original face amount of such note. The amounts referred to in clauses (A) and (B) of the preceding sentence, when correctly based on tables of calculations issued by the Secretary or adjusted to eliminate minor errors in computation in accordance with requirements of the Secretary, shall be deemed to comply with such sentence. “(6) (A) Any obligation with respect to which insurance is granted under this section may be refinanced and extended in accordance with such terms and conditions as the Secretary may prescribe, but in no event for an additional amount or term in excess of any applicable maximum provided for in this subsection. “(B) The owner of a manufactured home lot purchased without assistance under this section but otherwise meeting the requirements of this section may refinance such lot under this section in connection with the purchase of a manufactured home if the borrower certifies that the home and lot is or will be his or her principal residence within six months after the date of the loan.”.

78. 1982

    Pub. L. 97–289 § 1(a) · 96 Stat. 1230

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 97–289 substituted “May 21, 1983” for “October 1, 1982”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 97–289 substituted “May 21, 1983” for “October 1, 1982”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended by striking out “October 1, 1982” in the first sentence and inserting in lieu thereof “May 21, 1983”.

79. 1983

    Pub. L. 98–35 § 1(a) · 97 Stat. 197

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 98–35 substituted “October 1, 1983” for “May 21, 1983”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 98–35 substituted “October 1, 1983” for “May 21, 1983”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended 96 Stat. 1230. 12 USC 1703. by striking out “May 21, 1983” in the first sentence and inserting in lieu thereof “October 1, 1983”.

80. 1983

    Pub. L. 98–109 § 1(a) · 97 Stat. 745

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 98–109 substituted “December 1, 1983” for “October 1, 1983”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 98–109 substituted “December 1, 1983” for “October 1, 1983”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended Ante, p. 197. 12 USC 1703. by striking out “October 1, 1983” in the first sentence and inserting in lieu thereof “December 1, 1983”.

81. 1983

    Rural Housing Amendments of 1983

    Pub. L. 98–181 § 415 · 97 Stat. 1153

    Inserted · 12 U.S.C. § 1703(a)

    Pub. L. 98–181, § 415, inserted new undesignated par. authorizing insurance be made available to existing manufactured homes not insured under this section if such homes were constructed in accordance with the standards issued under the National Manufactured Housing Construction and Safety Standards Act of 1974 and meet standards similar to the minimum property standards applicable to existing homes issued under subchapter II of this chapter

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 98–181, § 415, inserted new undesignated par. authorizing insurance be made available to existing manufactured homes not insured under this section if such homes were constructed in accordance with the standards issued under the National Manufactured Housing Construction and Safety Standards Act of 1974 and meet standards similar to the minimum property standards applicable to existing homes issued under subchapter II of this chapter.

    Enacted provision · exact public law section
    Sec. 415. title i insurance for existing manufactured homes Section 2(a) of the National Housing Act is amended by inserting the following before the last undesignated paragraph thereof: “The insurance authority provided under this section may be made available with respect to any existing manufactured home that has not been insured under this section if such home was constructed in accordance with the standards issued under the National Manufactured Housing Construction and Safety Standards 42 USC 5401 note. 12 USC 1707. Act of 1974 and it meets standards similar to the minimum property standards applicable to existing homes insured under title II.”.

82. 1983

    An Act to amend chapter 37 of title 38 of the United States Code with respect to the veterans’ home loan program, to amend the National Housing Act with respect to interest rates on insured mortgages, and for other purposes

    Pub. L. 98–181 § 401(a) · 97 Stat. 1153

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 98–181, § 401(a), substituted “October 1, 1985” for “December 1, 1983”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 98–181, § 401(a), substituted “October 1, 1985” for “December 1, 1983”.

    Enacted provision · exact public law section
    (a) Section 2(a) of the National Housing Act is amended Ante, p. 745. by striking out “December 1, 1983” in the first sentence and inserting in lieu thereof “October 1, 1985”.

83. 1983

    Rural Housing Amendments of 1983

    Pub. L. 98–181 § 416(a)(1) · 97 Stat. 1153

    Substituted · 12 U.S.C. § 1703(b)(1)(C)

    Pub. L. 98–181, § 416(a)(1), substituted “$40,500” for “$22,500 ($35,000 in the case of a manufactured home composed of two or more modules)”

    Source evidence

    Code amendment note
    Subsec. (b)(1)(C). Pub. L. 98–181, § 416(a)(1), substituted “$40,500” for “$22,500 ($35,000 in the case of a manufactured home composed of two or more modules)”.

    Enacted provision · exact public law section
    (1) in subparagraph (C), by striking out “$22,500” and all that follows through “modules)” and inserting in lieu thereof “$40,500”;

84. 1983

    Rural Housing Amendments of 1983

    Pub. L. 98–181 § 416(a)(2) · 97 Stat. 1153

    Substituted · 12 U.S.C. § 1703(b)(1)(D)

    Pub. L. 98–181, § 416(a)(2), substituted “$54,000” for “$35,000 ($47,500 in the case of a manufactured home composed of two or more modules)”

    Source evidence

    Code amendment note
    Subsec. (b)(1)(D). Pub. L. 98–181, § 416(a)(2), substituted “$54,000” for “$35,000 ($47,500 in the case of a manufactured home composed of two or more modules)”.

    Enacted provision · exact public law section
    (2) in subparagraph (D), by striking out “$35,000” and all that follows through “modules)” and inserting in lieu thereof “$54,000”; and

85. 1983

    Rural Housing Amendments of 1983

    Pub. L. 98–181 § 416(a)(3) · 97 Stat. 1153

    Substituted · 12 U.S.C. § 1703(b)(1)(E)

    Pub. L. 98–181, § 416(a)(3), substituted “$13,500” for “such an amount as may be necessary, but not exceeding $12,500,”

    Source evidence

    Code amendment note
    Subsec. (b)(1)(E). Pub. L. 98–181, § 416(a)(3), substituted “$13,500” for “such an amount as may be necessary, but not exceeding $12,500,”.

    Enacted provision · exact public law section
    (3) in subparagraph (E), by striking out “such an amount as may be necessary, but not exceeding $12,500,” and inserting in lieu thereof “$13,500”.

86. 1983

    Rural Housing Amendments of 1983

    Pub. L. 98–181 § 416(b) · 97 Stat. 1153

    Substituted · 12 U.S.C. § 1703(b)(2)

    Pub. L. 98–181, § 416(b), substituted provision authorizing the Secretary, in other areas, to increase the maximum dollar amounts specified in subsec. (b)(1)(D) and (E) on an area-by-area basis as deemed necessary, but not to exceed the percentage by which the maximum mortgage amount of a one-family residence in the area is increased by the Secretary under section 1709(b)(2) of this title for provision which authorized the Secretary, by regulation, in other areas where needed to meet the higher costs of land acquisition, etc., in connection with the purchase of a manufactured home or lot, to increase any dollar amount limitation otherwise applicable by an additional $7,500

    Source evidence

    Code amendment note
    Subsec. (b)(2). Pub. L. 98–181, § 416(b), substituted provision authorizing the Secretary, in other areas, to increase the maximum dollar amounts specified in subsec. (b)(1)(D) and (E) on an area-by-area basis as deemed necessary, but not to exceed the percentage by which the maximum mortgage amount of a one-family residence in the area is increased by the Secretary under section 1709(b)(2) of this title for provision which authorized the Secretary, by regulation, in other areas where needed to meet the higher costs of land acquisition, etc., in connection with the purchase of a manufactured home or lot, to increase any dollar amount limitation otherwise applicable by an additional $7,500.

    Enacted provision · exact public law section
    (b) Section 2(b)(2) of such Act is amended by striking out the last sentence and inserting in lieu thereof the following: “In other areas, the maximum dollar amounts specified in subsections (b)(1)(D) and (b)(1)(E) may be increased on an area-by-area basis to the extent the Secretary deems necessary, but not to exceed the percentage by which the maximum mortgage amount of a one-family residence in Post, pp. 1216, 1217. the area is increased by the Secretary under section 203(b)(2).”.

87. 1983

    An Act to amend chapter 37 of title 38 of the United States Code with respect to the veterans’ home loan program, to amend the National Housing Act with respect to interest rates on insured mortgages, and for other purposes

    Pub. L. 98–181 § 404(b)(1) · 97 Stat. 1153

    1. Amended · 12 U.S.C. § 1703(b)(5)

       Pub. L. 98–181, § 404(b)(1), amended par. (5) generally

    2. Substituted · 12 U.S.C. § 1703(b)(5)

       Pub. L. 98–181, § 404(b)(1), substituting provision that any obligation with respect to which insurance is granted under this section bear interest at such rate as agreed upon by the borrower and the financial institution for provision that any such obligation bear interest and insurance premium charges as do not exceed an amount determined by a specified formula

    Source evidence

    Code amendment note
    Subsec. (b)(5). Pub. L. 98–181, § 404(b)(1), amended par. (5) generally, substituting provision that any obligation with respect to which insurance is granted under this section bear interest at such rate as agreed upon by the borrower and the financial institution for provision that any such obligation bear interest and insurance premium charges as do not exceed an amount determined by a specified formula.

    Enacted provision · exact public law section
    (1) Section 2(b)(5) of the National Housing Act is amended to read as follows: “(5) No insurance shall be granted under this section to any such financial institution with respect to any obligation representing any such loan, advance of credit, or purchase by it unless the obligation has such maturity, bears such insurance premium charges, and contains such other terms, conditions, and restrictions as the Secretary shall prescribe, in order to make credit available for the purpose of this title. Any such obligation with respect to which insurance is granted under this section shall bear interest at such rate as may be agreed upon by the borrower and the financial institution.”.

88. 1983

    Rural Housing Amendments of 1983

    Pub. L. 98–181 § 417 · 97 Stat. 1153

    Added · 12 U.S.C. § 1703(b)(6)(C)

    Pub. L. 98–181, § 417, added subpar. (C)

    Source evidence

    Code amendment note
    Subsec. (b)(6)(C). Pub. L. 98–181, § 417, added subpar. (C).

    Enacted provision · exact public law section
    Sec. 417. refinancing manufactured homes under title i Section 2(b)(6) of the National Housing Act is amended by adding at the end thereof the following new subparagraph: “(C) The owner-occupant of a manufactured home or a home and lot which was purchased without assistance under this section but which otherwise meets the requirements of this section may refinance such home or home and lot under this section if the home was constructed in accordance with standards established under section 604 of the National Manufactured Housing Construction and Safety 42 USC 5403. Standards Act of 1974.”.

89. 1985

    Pub. L. 99–120 § 1(a) · 99 Stat. 502

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 99–120 substituted “November 15, 1985” for “October 1, 1985”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 99–120 substituted “November 15, 1985” for “October 1, 1985”.

    Enacted provision · exact public law section
    (a) Title I Insurance.— Section 2(a) of the National Housing Act is amended by striking out “October 1, 1985” in the first sentence and inserting in lieu thereof “November 15, 1985”.

90. 1985

    Pub. L. 99–156 § 1(a) · 99 Stat. 815

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 99–156 substituted “December 16, 1985” for “November 15, 1985”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 99–156 substituted “December 16, 1985” for “November 15, 1985”.

    Enacted provision · exact public law section
    (a) Title I Insurance.— Section 2(a) of the National Housing Act Ante, p. 502. 12 USC 1703. is amended by striking out “November 15, 1985” in the first sentence and inserting in lieu thereof “December 16, 1985”.

91. 1985

    Pub. L. 99–219 § 1(a) · 99 Stat. 1730

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 99–219 substituted “not later than March 17, 1986” for “prior to December 16, 1985”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 99–219 substituted “not later than March 17, 1986” for “prior to December 16, 1985”.

    Enacted provision · exact public law section
    (a) Title I Insurance.— Section 2(a) of the National Housing Act is amended by striking out “prior to December 16, 1985” in the first sentence and inserting in lieu thereof “not later than March 17, 1986”.

92. 1986

    Pub. L. 99–267 § 1(a) · 100 Stat. 73

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 99–267 substituted “April 30, 1986” for “March 17, 1986”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 99–267 substituted “April 30, 1986” for “March 17, 1986”.

    Enacted provision · exact public law section
    (a) Title I Insurance.— Section 2(a) of the National Housing Act 99 Stat. 1730. 12 USC 1703. is amended by striking out “March 17, 1986” in the first sentence and inserting in lieu thereof “April 30, 1986”.

93. 1986

    Housing and Community Development Reconciliation Amendments of 1985

    Pub. L. 99–272 title III § 3007(a) · 100 Stat. 82

    Changed · 12 U.S.C. § 1703(a)

    Pub. L. 99–272 made amendment identical to Pub. L. 99–219. See 1985 Amendment note below

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 99–272 made amendment identical to Pub. L. 99–219. See 1985 Amendment note below.

    Enacted provision · exact public law section
    (a) Title I Insurance.— Section 2(a) of the National Housing Act is amended by striking out “prior to December 16, 1985” in the first sentence and inserting in lieu thereof “not later than March 17, 1986”.

94. 1986

    Pub. L. 99–289 § 1(b) · 100 Stat. 412

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 99–289 substituted “June 6, 1986” for “April 30, 1986”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 99–289 substituted “June 6, 1986” for “April 30, 1986”.

    Enacted provision · exact public law section
    (b) Each provision of law amended by Public Law 99–267 is amended by striking out “April 30, 1986” wherever it appears and inserting in lieu thereof “June 6, 1986”,

95. 1986

    Pub. L. 99–345 § 1 · 100 Stat. 673

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 99–345 substituted “September 30, 1986” for “June 6, 1986”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 99–345 substituted “September 30, 1986” for “June 6, 1986”.

    Enacted provision · exact public law section
    Section 1. Each provision of law amended by Public Law 99–289, Ante, p. 412. is amended by striking out “June 6, 1986” wherever it appears and inserting in lieu thereof “September 30, 1986”.

96. 1986

    Pub. L. 99–430 · 100 Stat. 986

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 99–430 substituted “September 30, 1987” for “September 30, 1986”

    Source evidence

    Code amendment note
    Subsec. (a). Pub. L. 99–430 substituted “September 30, 1987” for “September 30, 1986”.

97. 1987

    Pub. L. 100–122 § 1 · 101 Stat. 793

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 100–122 substituted “October 31, 1987” for “September 30, 1987”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 100–122 substituted “October 31, 1987” for “September 30, 1987”.

    Enacted provision · exact public law section
    SECTION 1. CONTINUATION OF PRIOR EXTENSIONS. Each provision of law amended by Public Law 99–430 is amended by striking out “September 30, 1987” wherever it appears and inserting in lieu thereof “October 31, 1987”.

98. 1987

    Pub. L. 100–154 · 101 Stat. 890

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 100–154 substituted “November 15, 1987” for “October 31, 1987”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 100–154 substituted “November 15, 1987” for “October 31, 1987”.

99. 1987

    Pub. L. 100–170 · 101 Stat. 914

    Substituted · 12 U.S.C. § 1703(a)

    Pub. L. 100–170 substituted “December 2, 1987” for “November 15, 1987”

    Target inherited from the preceding amendment note.

    Source evidence

    Code amendment note
    Pub. L. 100–170 substituted “December 2, 1987” for “November 15, 1987”.

100. 1987

     Pub. L. 100–179 · 101 Stat. 1018

     Substituted · 12 U.S.C. § 1703(a)

     Pub. L. 100–179 substituted “December 16, 1987” for “December 2, 1987”

     Target inherited from the preceding amendment note.

     Source evidence

     Code amendment note
     Pub. L. 100–179 substituted “December 16, 1987” for “December 2, 1987”.

101. 1987

     Pub. L. 100–200 · 101 Stat. 1327

     Substituted · 12 U.S.C. § 1703(a)

     Pub. L. 100–200 substituted “March 15, 1988” for “December 16, 1987”

     Source evidence

     Code amendment note
     Subsec. (a). Pub. L. 100–200 substituted “March 15, 1988” for “December 16, 1987”.

102. 1988

     Housing and Community Development Act of 1987

     Pub. L. 100–242 title IV § 401(b) · 101 Stat. 1815

     Struck · 12 U.S.C. § 1703(a)

     Pub. L. 100–242 struck out “and not later than March 15, 1988,” after “made by them on or after July 1, 1939,”

     Source evidence

     Code amendment note
     Subsec. (a). Pub. L. 100–242 struck out “and not later than March 15, 1988,” after “made by them on or after July 1, 1939,”.

     Enacted provision · exact public law section
     (b) Amendment.— The first sentence of section 2(a) of the National 12 USC 1703. Housing Act is amended by striking “and not later than March 15, 1988,”.

103. 1989

     Department of Housing and Urban Development Reform Act of 1989

     Pub. L. 101–235 title I § 134(a) · 103 Stat. 1987

     Added · 12 U.S.C. § 1703(b)(7)

     Pub. L. 101–235 added par. (7)

     Source evidence

     Code amendment note
     Subsec. (b)(7). Pub. L. 101–235 added par. (7).

     Enacted provision · exact public law section
     (a) In General.— Section 2(b) of the National Housing Act is 12 USC 1703.. amended by adding at the end the following new paragraph: “(7) With respect to the financing of alterations, repairs, and improvements to existing structures or the building of new structures as authorized under clause (i) of the first sentence of section 2(a), any loan broker (as defined by the Secretary) or any other party having a financial interest in the making of such a loan or advance of credit or in providing assistance to the borrower in preparing the loan application or otherwise assisting the borrower in obtaining the loan or advance of credit who knowingly (as defined in-section 536(g) of this Act) submits to any such financial institution or to the Secretary false information shall be subject to a civil money penalty in the amount and manner provided under section 536 with respect to mortgagees and lenders under this Act.”.

104. 1990

     Cranston-Gonzalez National Affordable Housing Act

     Pub. L. 101–625 § 340(b)(1)(A) · 104 Stat. 4079

     1. Added · 12 U.S.C. § 1703(b)(1)(A)

        Pub. L. 101–625, § 340(b)(1)(A), added subpar. (A)

     2. Struck · 12 U.S.C. § 1703(b)(1)(A)

        Pub. L. 101–625, § 340(b)(1)(A), struck out former subpar. (A) which read as follows: “$17,500 ($20,000 where financing the installation of a solar energy system is involved) if made for the purpose of financing alterations, repairs and improvements upon or in connection with existing single-family structures or manufactured homes;”

     Source evidence

     Code amendment note
     Subsec. (b)(1)(A). Pub. L. 101–625, § 340(b)(1)(A), added subpar. (A) and struck out former subpar. (A) which read as follows: “$17,500 ($20,000 where financing the installation of a solar energy system is involved) if made for the purpose of financing alterations, repairs and improvements upon or in connection with existing single-family structures or manufactured homes;”.

     Enacted provision · exact public law section
     (A) by striking subparagraph (A) and inserting the following new subparagraph: “(A) (i) $25,000 if made for the purpose of financing alterations, repairs and improvements upon or in connection with existing single-family structures; and “(ii) $17,500 if made for the purpose of financing alterations, repairs and improvements upon or in connection with existing manufactured homes;”; and

105. 1990

     Cranston-Gonzalez National Affordable Housing Act

     Pub. L. 101–625 § 340(b)(1)(B) · 104 Stat. 4079

     Substituted · 12 U.S.C. § 1703(b)(1)(B)

     Pub. L. 101–625, § 340(b)(1)(B), substituted “$60,000 or an average amount of $12,000 per family unit” for “$43,750 or an average amount of $8,750 per family unit ($50,000 and $10,000, respectively, where financing the installation of a solar energy system is involved)”

     Source evidence

     Code amendment note
     Subsec. (b)(1)(B). Pub. L. 101–625, § 340(b)(1)(B), substituted “$60,000 or an average amount of $12,000 per family unit” for “$43,750 or an average amount of $8,750 per family unit ($50,000 and $10,000, respectively, where financing the installation of a solar energy system is involved)”.

     Enacted provision · exact public law section
     (B) in subparagraph (B), by striking “$43,750 or an average amount of $8,750 per family unit ($50,000 and $10,000, respectively, where financing the installation of a solar energy system is involved)” and inserting “$60,000 or an average amount of $12,000 per family unit”.

106. 1990

     Cranston-Gonzalez National Affordable Housing Act

     Pub. L. 101–625 § 340(c)(1) · 104 Stat. 4079

     1. Added · 12 U.S.C. § 1703(b)(3)(A)

        Pub. L. 101–625, § 340(c)(1), added subpar. (A)

     2. Struck · 12 U.S.C. § 1703(b)(3)(A)

        Pub. L. 101–625, § 340(c)(1), struck out former subpar. (A) which read as follows: “fifteen years and thirty-two days if made for the purpose of financing alterations, repairs, and improvements upon or in connection with an existing single-family structure or manufactured home;”

     Source evidence

     Code amendment note
     Subsec. (b)(3)(A). Pub. L. 101–625, § 340(c)(1), added subpar. (A) and struck out former subpar. (A) which read as follows: “fifteen years and thirty-two days if made for the purpose of financing alterations, repairs, and improvements upon or in connection with an existing single-family structure or manufactured home;”.

     Enacted provision · exact public law section
     (1) by striking subparagraph (A) and inserting the following new subparagraph: “(A) (i) twenty years and thirty-two days if made for the purpose of financing alterations, repairs, and improvements upon or in connection with an existing single-family structure; and “(ii) fifteen years and thirty-two days if made for the purpose of financing alterations, repairs, and improvements upon or in connection with an existing manufactured home;”; and

107. 1990

     Cranston-Gonzalez National Affordable Housing Act

     Pub. L. 101–625 § 340(c)(2) · 104 Stat. 4079

     Substituted · 12 U.S.C. § 1703(b)(3)(B)

     Pub. L. 101–625, § 340(c)(2), substituted “twenty years” for “fifteen years”

     Source evidence

     Code amendment note
     Subsec. (b)(3)(B). Pub. L. 101–625, § 340(c)(2), substituted “twenty years” for “fifteen years”.

     Enacted provision · exact public law section
     (2) in subparagraph (B), by striking “fifteen years” and inserting “twenty years”.

108. 1990

     Cranston-Gonzalez National Affordable Housing Act

     Pub. L. 101–625 § 806(a) · 104 Stat. 4079

     Added · 12 U.S.C. § 1703(i)

     Pub. L. 101–625, § 806(a), added subsec. (i)

     Source evidence

     Code amendment note
     Subsec. (i). Pub. L. 101–625, § 806(a), added subsec. (i).

     Enacted provision · exact public law section
     (a) Eligibility for Insurance.— Section 2 of the National Housing Act (12 U.S.C. 1703) is amended by adding at the end the following new subsection: “(i) For purposes of this section, the term ‘manufactured home’ includes any elder cottage housing opportunity unit that is small, freestanding, barrier-free, energy efficient, removable, and designed to be installed adjacent to an existing 1- to 4-family dwelling.”.

109. 1992

     Pub. L. 102–389 title II · 106 Stat. 1571

     1. Added · 12 U.S.C. § 1703(b)(1)(C)(E)

        Pub. L. 102–389 added subpars. (C) to (E)

     2. Struck · 12 U.S.C. § 1703(b)(1)(C)(E)

        Pub. L. 102–389 struck out former subpars. (C) to (E) which read as follows:

     Target inherited from the preceding amendment note.

     Source evidence

     Code amendment note
     Pub. L. 102–389 added subpars. (C) to (E) and struck out former subpars. (C) to (E) which read as follows:

     “(C) $40,500 if made for the purpose of financing the purchase of a manufactured home; “(D) $54,000 if made for the purpose of financing the purchase of a manufactured home and a suitably developed lot on which to place the home; “(E) $13,500, if made for the purpose of financing the purchase, by an owner of a manufactured home which is the principal residence of that owner, of a suitably developed lot on which to place that manufactured home, and if the owner certifies that he or she will place the manufactured home on the lot acquired with such loan within six months after the date of such loan;”.

     Enacted provision · exact public law
     TITLE II DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Housing Programs homeownership and opportunity for people everywhere grants (hope grants) For the HOPE for Public and Indian Housing Homeownership Program as authorized under title III of the United States Housing Act of 1937 (42 U.S.C. 1437aaa et seq.) and subtitle A of title IV of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), $161,000,000; for the HOPE for Homeownership of Multifamily Units Program as authorized under subtitle B of title IV of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), $95,000,000; for the HOPE for Homeownership of Single Family Homes Program as authorized under subtitle C of title IV of the Cranston-Gonzalez National Affordable Housing Act, $95,000,000; and for the HOPE for Elderly Independence demonstration program as authorized under section 803(k) of the Cranston-Gonzalez National Affordable Housing Act, $10,000,000: Provided, That all amounts shall remain available until expended. Of the amounts provided under this heading for the HOPE for Homeownership of Multifamily Units Program, $10,000,000 shall be available for assistance to mutual housing associations, to the extent that such associations submit approvable grant applications under such program. Furthermore, $300,000,000 shall be for grants to carry out an urban revitalization demonstration program involving major reconstruction of severely distressed or obsolete public housing projects, to be administered by local public housing agencies: Provided, That such funding shall be made available to up to 15 cities selected from either the 40 most populous United States cities or, from any city whose housing authority was considered to have been on the Department’s troubled housing authorities list as of March 31, 1992: Provided further, That no more than $50,000,000 shall be provided to each participating municipality: Provided further, That no more than 500 units shall be funded for each participating city and such units shall be located in up to 3 separately defined areas containing the community’s most severely distressed projects, including family high-rise projects: Provided further, That at least 80 per centum of the funding provided to each participating public housing agency shall be used for the capital costs of major reconstruction, rehabilitation and other physical improvements, for the capital costs of replacement units and for certificates under section 8(b) used for replacement and for management improvements for the reconstructed project and for planning and technical assistance purposes and not more than 20 per centum shall be used for community service programs (as defined by the Commission on National and Community Service) and for supportive services, including, but not limited to, literacy training, job training, day care, youth activities, administrative expenses, and the permissive and mandatory services authorized under the Gateway Program established in the Family Support Centers demonstration program, provided for in 42 U.S.C. 11485e–f: Provided further, That each participating city shall make contributions for supportive services in an amount equal to 15 per centum of the funding provided for supportive services pursuant to the immediately preceding proviso: Provided further, That all such contributions from participating jurisdictions for supportive services shall be derived from non-Federal sources: Provided further, That each participating community shall submit a plan for program implementation which is consistent with the local comprehensive housing affordability strategy prepared pursuant to section 105 of the Cranston-Gonzalez National Affordable Housing Act and which has the approval of the local governing body: Provided further, That each plan shall include a community services component, but no funds are to be disbursed pursuant to this paragraph until such community services program has been approved by the Commission on National and Community Service: Provided further, That funds made available pursuant to this paragraph may be used in conjunction with, but not in lieu of, funding provided under the head “Modernization of Low-Income Housing Projects” for the modernization of existing public housing projects pursuant to section 14 of the Act (42 U.S.C. 14371); for construction or major reconstruction of obsolete public housing, other than for Indian families; for the replacement of public housing units pursuant to section 18 of the Act; and for the HOPE for Public and Indian Housing Homeownership program as authorized under title III of the Act: Provided further, That notwithstanding the provisions of section 18(b)(3) of the Act, units demolished, disposed of or otherwise eliminated under this demonstration may be replaced as follows: one-third by certificates under section 8(b) and the balance by any combination of conventional public housing and units acquired or otherwise provided for homeownership under section 5(h) of the Act, housing made available through housing opportunity programs of construction or substantial rehabilitation of homes meeting essentially the same eligibility requirements as those established pursuant to sections 603–607 of the Housing and Community Development Act of 1987 (Public Law 100–242), or under the HOPE II or III programs, as established under sections 421 and 441 of the Cranston-Gonzalez National Affordable Housing Act; persons displaced by the reconstruction activities provided for herein shall be eligible for these replacement units: Provided further, That, in order to be eligible for funding under this paragraph, applications for funding must be received within 180 days from the date the Notice of Funds Availability is published in the Federal Register: Provided further, That the Secretary of the Department of Housing and Urban Development shall issue a notice of funds availability within 90 days of enactment of this paragraph: Provided further, That the Secretary shall determine which cities have been selected to participate in the program within 90 days of the timely receipt of the last eligible application: Provided further, That housing authorities, in submitting their application for funds under this paragraph, shall identify all severely distressed public housing developments, using the criteria set forth by the National Commission on Severely Distressed Public Housing: Provided further, That nothing in this paragraph shall prohibit the Secretary from conforming the program standards and criteria set forth herein, with subsequent authorization legislation that may be enacted into law: Provided further, That the authority in the immediately preceding proviso shall not apply to any legislation that excludes or otherwise limits self-sufficiency or community service activities set forth in this paragraph, or authorize reallocation of amounts available for obligation which are included in this paragraph: Provided further, That any troubled housing authority that applies for funds under this paragraph, shall not be eligible if the Secretary certifies to the Congress that they are not making substantial progress to eliminate their troubled status in accordance with section 6(j) of the Housing Act of 1937, as amended: Provided further, That in the event that communities applying for funding under this paragraph also request funding under any other HOPE program authorized under title III or title IV of the Cranston-Gonzalez National Affordable Housing Act, the Secretary shall process such applications concurrently and in an expeditious manner: Provided further, That, in the event that any application received from the cities initially selected to participate in this program is determined to be unacceptable, the Secretary shall select another city from the 40 most populous United States cities to receive funding under this paragraph: Provided further, That, in the event that communities selected to receive funding do not proceed in a manner consistent with the plan approved for that community, the Secretary may withdraw any unobligated balances of funding made available pursuant to this paragraph and distribute such funds to other eligible communities. Of the amount made available under this head in Public Law 102–139 for the HOPE for Homeownership of Multifamily Units Program as authorized under subtitle B of title IV of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), $3,000,000 shall be made available for a cooperative agreement between the Secretary of Housing and Urban Development and the National Center for Tenant Ownership in affiliation with the Harrison Institute at the Georgetown University Law Center, for the provision of technical assistance to potential recipients and recipients of grants under that program. home investment partnerships program For the HOME investment partnerships program, as authorized under title II of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), as amended, $1,000,000,000 to remain available until expended: Provided, That in order to allocate the total amount provided, the Act shall be construed as follows: in section 216(3)(A), “$750,000” both places it appears shall be “$375,000”; in section 217(b)(2)(A), “$3,000,000” both places it appears shall be “$750,000”; in section 217(b)(2)(B), “$500,000” both places it appears shall be “$250,000”; and in section 217(b)(3), “$500,000” shall be “$250,000”. Hereafter, for purposes of amounts appropriated under this heading in the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1992 (Public Law 102–139; 105 Stat. 736, 744), the per-unit cost limits established by the Secretary of Housing and Urban Development under section 212(d) of the HOME Investment Partnerships Act (42 U.S.C. 12742(d)) shall reflect the actual development costs in each area in a manner that ensures compliance with the matching contributions waiver provided under such heading in such Appropriations Act. Section 217(a) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12747(a)) is amended— (1) in the first sentence of paragraph (1), by inserting “and after reserving amounts for the insular areas under paragraph (3)” before the first comma; and (2) by adding at the end the following new paragraph: “(3) Insular areas.—For each fiscal year, of any amounts approved in appropriations Acts to carry out this title, the Secretary shall reserve for grants to the insular areas the greater of (A) $750,000, or (B) 0.2 percent of the amounts appropriated under such Acts. The Secretary shall provide for the distribution of amounts reserved under this paragraph among the insular areas pursuant to specific criteria for such distribution. The criteria shall be contained in a regulation promulgated by the Secretary after notice and public comment.” annual contributions for assisted housing (including transfers and rescission of funds) For assistance under the United States Housing Act of 1937, as amended (“the Act” herein) (42 U.S.C. 1437), not otherwise provided for, $8,936,731,000, to remain available until expended: Provided, That to be added to and merged with the foregoing amounts, there shall be up to $287,234,000, consisting of up to $24,000,000 of budget authority previously made available under the “Flexible subsidy fund” which remains unreserved at the end of fiscal year 1992; $18,934,000 of budget authority previously made available for the Nehemiah Housing Opportunity Fund which remains unreserved at the end of fiscal year 1992; and up to $244,300,000 of amounts of budget authority (and contract authority) reserved or obligated in prior years for the development or acquisition costs of public housing (including public housing for Indian families), for modernization of existing public housing projects (including such projects for Indian families), and, except as herein provided, for programs under section 8 of the Act (42 U.S.C. 14370, which are recaptured during fiscal year 1993: Provided further, That, from the foregoing total of $9,223,965,000, $257,320,000 shall be for the development or acquisition cost of public housing for Indian families, including amounts for housing under the mutual help homeownership opportunity program under section 202 of the Act (42 U.S.C. 1437bb); $400,000,000 shall be for the development or acquisition cost of public housing: Provided further, That of the $9,223,965,000 total under this head, $3,100,000,000 shall be for modernization of existing public housing projects pursuant to section 14 of the Act (42 U.S.C. 14371), including $4,750,000 for technical assistance and training under section 20 of the Act (42 U.S.C. 1437(r)) and $10,500,000 for the inspection of modernization units and provision of management and technical assistance for troubled Public Housing Authorities and Indian Housing Authorities: Provided further, That of the $9,223,965,000 total under this head, $25,000,000 shall be for public housing family investment centers as authorized in section 22 of the Act: Provided further, That of the $9,223,965,000 total under this head, $600,750,000 shall be for the section 8 existing housing certificate program (42 U.S.C. 1437f): Provided further, That of the $9,223,965,000 total provided under this head, $75,000,000 shall be for the foster child care program authorized under section 8(x) of the Act: Provided further, That of the $9,223,965,000 total pro-vided under this head, $581,750,000 shall be for the housing voucher program under section 8(o) of the Act (42 U.S.C. 1437f(o)); $1,350,000,000 shall be for amendments to section 8 contracts other than contracts for projects developed under section 202 of the Housing Act of 1959, as amended, including $70,000,000 which shall be for rental adjustments resulting from the application of an annual adjustment factor in accordance with section 801 of the Department of Housing and Urban Development Reform Act of 1989 (Public Law 101–235); $600,000,000 shall be for assistance for State or local units of government, tenant and nonprofit organizations to purchase projects where owners have indicated an intent to prepay mortgages and for assistance to be used as an incentive to prevent prepayment or for vouchers to aid eligible tenants adversely affected by mortgage prepayment, as authorized in the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), and of the $600,000,000 made available for such assistance, up to $25,000,000 shall be for use by nonprofit organizations, pursuant to the Emergency Low Income Housing Preservation Act of 1987, as amended by the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), and for tenant and community-based nonprofit education, training and capacity building and the development of State and local preservation strategies; $50,000,000 for assistance to families with children to move out of areas with high concentrations of persons living in poverty; $93,032,000 shall be for section 8 assistance for property disposition; and $202,000,000 shall be for loan management: Provided further, That any amounts of budget authority provided herein that are used for loan management activities under section 8(b)(1) (42 U.S.C. 1437f(b)(1)) shall be obligated for a contract term that is no less than five years: Provided further, That those portions of the fees for the costs incurred in administering incremental units assisted in the certificate and housing voucher programs under sections 8(b) and 8(o), respectively, shall be established or increased in accordance with the authorization for such fees in section 8(q) of the Act: Provided further, That 50 per centum of the amounts of budget authority, or in lieu thereof 50 per centum of the cash amounts associated with such budget authority, that are recaptured from projects described in section 1012(a) of the Stewart B. McKinney Homeless Assistance Amendments Act of 1988 (Public Law 100–628, 102 Stat. 3224, 3268) shall be rescinded, or in the case of cash, shall be remitted to the Treasury, and such amounts of budget authority or cash recaptured and not rescinded or remitted to the Treasury shall be used by State housing finance agencies or local governments or local housing agencies with projects approved by the Secretary of Housing and Urban Development for which settlement occurred after January 1, 1992, in accordance with such section: Provided further, That of the $9,223,965,000 total, $100,000,000 shall be for housing opportunities for persons with AIDS under title VIII, subtitle D of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625) and $100,000,000 shall be for grants to States and units of general local government for the abatement of significant lead-based paint and lead dust hazards in low- and moderate-income owner-occupied units and low-income privately-owned rental units, of which $2,000,000 shall be for lead-based paint abatement grants for technical assistance and evaluation studies: Provided further, That such grant funds shall be available only for projects conducted by contrac-tors certified and workers trained through a federally- or State-accredited program: Provided further, That, to be eligible for such grants, States and units of general local government must demonstrate the capability to identify significant-hazard housing units, to oversee the safe and effective conduct of the abatement, and to assure the future availability of abated units to low- and moderate-income persons: Provided further, That notwithstanding the language preceding the first proviso of this paragraph, $260,000,000 shall be used for special projects in accordance with the terms and conditions specified for such grants in the committee of conference report and statement of the managers (H. Rept. 102–902) accompanying H.R. 5679: Provided further, That of the $150,000,000 earmarked in Public Law 102–139 for special purpose grants (105 Stat. 736, 746), $850,000 made available to the City of Lawrence, Massachusetts to purchase, remodel and equip a vacant Jewish Community Center building for use as a Girls’ Club facility shall instead be made available to the Lawrence Boys’ Club to remodel any building for use as a Girls’ club facility: Provided further, That of the $150,000,000 earmarked in Public Law 102–139 for special purpose grants (105 Stat. 736, 746), $290,000 made available to Marquette, Michigan for communications and other equipment shall instead be made available for training and equipment to the Upper Peninsula Emergency Medical Services Corporation in Marquette County, Michigan for use throughout the Upper Peninsula of Michigan. Of the $9,223,965,000 total under this head, $1,116,099,000 shall be for capital advances, including amendments to capital advance contracts, for housing for the elderly, as authorized by section 202 of the Housing Act of 1959, as amended, and for project rental assistance, and amendments to contracts for project rental assistance, for supportive housing for the elderly under section 202(c)(2) of the Housing Act of 1959, as amended: Provided further, That any unreserved balances provided under this head in prior years for such purposes shall be merged with amounts provided herein: Provided further, That $15,438,000 shall be for service coordinators pursuant to section 202(q) of the Housing Act of 1959, as amended. Of the $9,223,965,000 total under this head, $193,754,000 shall be for persons with disabilities, as authorized by section 811 of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625); and for project rental assistance, and amendments to contracts for project rental assistance, for supportive housing for persons with disabilities as authorized by section 811 of the Cranston-Gonzalez National Affordable Housing Act. assistance for the renewal of expiring section 8 subsidy contracts For assistance under the United States Housing Act of 1937 (42 U.S.C. 1437) not otherwise provided for, for use in connection with expiring section 8 subsidy contracts, $6,346,135,000, to remain available until expended: Provided, That funds provided under this paragraph may not be obligated for a contract term that is less than five years: Provided further, That the Secretary may maintain consolidated accounting data for funds disbursed at the Public Housing Agency or Indian Housing Authority or project level for subsidy assistance regardless of the source of the disbursement so as to minimize the administrative burden of multiple accounts. Further, for the foregoing purposes, $450,000,000, to become available for obligation on October 1, 1993, and to remain available for obligation until expended. For those projects in the State of Maine, the owners of which have converted their section 23 leased housing contracts (former section 23 of the Act, as amended by section 103(a), Housing and Urban Development Act of 1965, Public Law 89–117, 79 Stat. 451, 455) to section 8, the subsidy provided under the head “Assistance for the Renewal of Expiring Section 8 Subsidy Contracts” in Public Law 102–139 shall be for a five-year extension as if the projects were under the section 8 new construction program, except that section 8(c)(2)(C) shall not apply. Notwithstanding any other provision of this Act, the amount appropriated under this heading for fiscal year 1993 shall be “$6,076,135,000” and the amount under this heading for fiscal year 1994 shall be “$720,000,000”. rental housing assistance (rescission) The limitation otherwise applicable to the maximum payments that may be required in any fiscal year by all contracts entered into under section 236 of the National Housing Act (12 U.S.C. 1715z–l) is reduced in fiscal year 1993 by not more than $2,000,000 in uncommitted balances of authorizations provided for this purpose in appropriations Acts: Provided, That up to $283,000,000 of recaptured loan management or section 236 budget authority resulting from the prepayment of mortgages subsidized under section 236 of the National Housing Act (12 U.S.C. 1715z–l) shall be rescinded in fiscal year 1993: Provided further, That to the extent that the recaptures and rescission during fiscal year 1993 are less than $283,000,000, the total funding provided under the head “Annual contributions for assisted housing” and the budget authority provided in the seventh proviso under that head for assistance in connection with mortgage prepayments shall be reduced accordingly. congregate services For contracts with and payments to public housing agencies and nonprofit corporations for congregate services programs, $21,000,000, to remain available until September 30, 1994, of which up to $10,800,000 shall be for entities operating such programs in accordance with the provisions of the Congregate Services Act of 1978, as amended, and the balance shall be for such programs under section 802 of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625). payments for operation of low-income housing projects For payments to public housing agencies and Indian housing authorities for operating subsidies for low-income housing projects as authorized by section 9 of the United States Housing Act of 1937, as amended (42 U.S.C. 1437g), $2,282,436,000. housing counseling assistance For contracts, grants, and other assistance, not otherwise provided for, for providing counseling and advice to tenants and homeowners—both current and prospective—with respect to property maintenance, financial management, and such other matters as may be appropriate to assist them in improving their housing conditions and meeting the responsibilities of tenancy or homeownership, including provisions for training and for support of voluntary agencies and services as authorized by section 106(a)(1)(iii), section 106(a)(2), section 106(c), and section 106(d) of the Housing and Urban Development Act of 1968, as amended, $6,025,000. flexible subsidy fund For assistance to owners of eligible multifamily housing projects insured, or formerly insured, and under the National Housing Act, as amended, or which are otherwise eligible for assistance under section 201(c) of the Housing and Community Development Amendments of 1978, as amended (12 U.S.C. 1715z–la), in the program of assistance for troubled multifamily housing projects under the Housing and Community Development Amendments of 1978, as amended, all uncommitted balances of excess rental charges as of September 30, 1992, and any collections and other amounts in the fund authorized under section 201(j) of the Housing and Community Development Amendments of 1978, as amended, during fiscal year 1993, to remain available until expended: Provided, That assistance to an owner of a multifamily housing project assisted, but not insured, under the National Housing Act may be made if the project owner and the mortgagee have provided or agreed to provide assistance to the project in a manner as determined by the Secretary of Housing and Urban Development. fha—mutual mortgage insurance program account (including transfers of funds) During fiscal year 1993, commitments to guarantee loans to carry out the purposes of section 203(b) of the National Housing Act, as amended, shall not exceed a loan principal of $57,146,000,000. For administrative expenses necessary to carry out the guaranteed loan program, $255,645,000, to be derived from the FHA-Mutual Mortgage Insurance Guaranteed Loans Receipt account, of which not to exceed $249,542,000 shall be transferred to the appropriation for salaries and expenses; and of which not to exceed $6,103,000 shall be transferred to the appropriation for the Office of Inspector General. fha—general and special risk program account (including transfers of funds) For the cost of guaranteed loans, $104,652,000, as authorized by the National Housing Act, as amended (12 U.S.C. 1715z–3(b) and 1735c(f)): Provided, That such costs, including the cost of modifying such loans, shall be defined in section 502 of the Congressional Budget Act of 1974: Provided further, That these funds are available to subsidize total loan principal any part of which is to be guaranteed of not to exceed $8,864,230,000. In addition, for administrative expenses necessary to carry out the guaranteed loan programs, $187,000,000, of which $182,955,000 shall be transferred to the appropriation for salaries and expenses; and of which $4,045,000 shall be transferred to the appropriation for the Office of Inspector General. drug elimination grants for low-income housing For grants to public housing agencies for use in eliminating drug-related crime in public housing projects authorized by 42 U.S.C. 11901–11908, and for drug information clearinghouse services authorized by 42 U.S.C. 11921–11925, $175,000,000, to remain available until expended: Provided, That $5,225,000 of the foregoing amount shall be available for grants, contracts, or other assistance for technical assistance and training for or on behalf of public housing agencies and resident organizations (including the costs of necessary travel for participants in such training): Provided further, That $5,000,000 of the foregoing amount shall be made available for grants for a youth violence prevention in low-income housing program modeled on a program developed by the National Association of Neighborhoods: Provided further, That $10,000,000 of the foregoing amount shall be made available for grants for federally-assisted, low-income housing. Section 520 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 11903a) is amended— (1) in subsection (a), by striking “in” and insert “for residents of”; (2) in subsection (b)(5), after “nonprofit organizations”, by inserting “and institutions of higher learning”; and (3) in subsection (d)(3), after “cultural activities,”, by inserting “transportation costs,”. Government National Mortgage Association guarantees of mortgage-backed securities loan guarantee program account (includes transfer of funds) During fiscal year 1993, new commitments to issue guarantees to carry out the purposes of section 306 of the National Housing Act, as amended (12 U.S.C. 1721(g)), shall not exceed $77,700,000,000. For administrative expenses necessary to carry out the guaranteed mortgage-backed securities program, $6,936,000, to be derived from the GNMA—Guarantees of mortgage-backed securities guaranteed loan receipt account, of which not to exceed $6,936,000 shall be transferred to the appropriation for salaries and expenses. Homeless Assistance emergency shelter grants program For the emergency shelter grants program, as authorized under subtitle B of title IV of the Stewart B. McKinney Homeless Assistance Act (Public Law 100–77), as amended, $50,000,000, to remain available until expended. transitional and supportive housing demonstration program For the transitional and supportive housing demonstration program, as authorized under subtitle C of title IV of the Stewart B. McKinney Homeless Assistance Act (Public Law 100–77), as amended, $150,000,000, to remain available until expended. section 8 moderate rehabilitation single room occupancy For assistance under the United States Housing Act of 1937, as amended (42 U.S.C. 1437f), for the section 8 moderate rehabilitation program, to be used to assist homeless individuals pursuant to section 441 of the Stewart B. McKinney Homeless Assistance Act (42 U.S.C. 11401), $105,000,000, to remain available until expended. shelter plus care For the Shelter Plus Care program, as authorized by subtitle F of title IV of the Stewart B. McKinney Homeless Assistance Act (Public Law 100–77), as amended, $266,550,000, to remain available until expended. The unexpended balances of the “Shelter Plus Care: Section 8 Moderate Rehabilitation, Single Room Occupancy” and “Shelter Plus Care: Section 202 Rental Assistance” programs, available from the appropriations enacted in Public Law 102–139, shall be added to and merged with the amount available under this heading. Community Planning and Development community development grants For grants to States and units of general local government and for related expenses, not otherwise provided for, necessary for carrying out a community development grants program as authorized by title I of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5301), $4,000,000,000, to remain available until September 30, 1995: Provided, That $40,000,000 shall be available for grants to Indian tribes pursuant to section 106(a)(1) of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5301), and $14,500,000 shall be available for “special purpose grants” pursuant to section 107 of such Act, and $500,000 shall be available for a grant to demonstrate the feasibility of developing an integrated database system and computer mapping tool for compliance, programming, and evaluation of community development block grants pursuant to section 901 of the Cranston-Gonzalez National Affordable Housing Act of 1990: Provided further, That not to exceed 20 per centum of any grant made with funds appropriated herein (other than a grant using funds under section 107(b)(3) of such Act or funds set aside in the following proviso) shall be expended for “Planning and Management Development” and “Administration” as defined in regulations promulgated by the Department of Housing and Urban Development: Provided further, That $5,000,000 shall be made available from the total amount provided to carry out an early childhood development program under section 222 of the Housing and Urban-Rural Recovery Act of 1983, as amended (12 U.S.C. 1701z–6 note). During fiscal year 1993, total commitments to guarantee loans, as authorized by section 108 of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5301), shall not exceed $2,000,000,000 of contingent liability for loan principal: Provided, That $1,700,000,000 of said amount shall become available only upon enactment into law of authorizing legislation. Policy Development and Research research and technology For contracts, grants, and necessary expenses of programs of research and studies relating to housing and urban problems, not otherwise provided for, as authorized by title V of the Housing and Urban Development Act of 1970, as amended (12 U.S.C. 1701z–1 et seq.), including carrying out the functions of the Secretary under section 1(a)(1)(i) of Reorganization Plan No. 2 of 1968, $25,000,000, to remain available until September 30, 1994: Provided, That of the foregoing amount (1) $1,000,000 shall be available for innovative building technologies research with the Research Center of the National Association of Home Builders, (2) $1,000,000 shall be available for the National Commission on Manufactured Housing, (3) at least $500,000 shall be for lead-based paint abatement research and studies, and (4) $1,000,000 shall be for a study by the National Academy of Public Administration on HUD staffing and human resource management and requirements. Fair Housing and Equal Opportunity fair housing activities For contracts, grants, and other assistance, not otherwise provided for, as authorized by title VIII of the Civil Rights Act of 1968, as amended by the Fair Housing Amendments Act of 1988, and section 561 of the Housing and Community Development Act of 1987, $15,000,000, to remain available until September 30, 1994: Provided, That not less than $10,600,000 shall be available to carry out activities pursuant to section 561 of the Housing and Community Development Act of 1987. Management and Administration salaries and expenses (including transfers of funds) For necessary administrative and nonadministrative expenses of the Department of Housing and Urban Development, not otherwise provided for, including not to exceed $7,000 for official reception and representation expenses, $892,000,000, of which $432,497,000 shall be provided from the various funds of the Federal Housing Administration, and $6,936,000 shall be provided from funds of the Government National Mortgage Association: Provided, That of the total amount, $2,000,000 shall be available for the Housing Assistance Council and $500,000 shall be available for the National American Indian Housing Council: Provided further, That of the total amount, $1,000,000 and 20 staff years shall be for the Office of Lead-Based Paint Abatement and Poisoning Prevention, which shall be located within the Office of the Secretary: Provided further, That not to exceed $8,793,000 of the total amount provided under this heading shall be available for personnel compensation and benefits for the headquarters budget activity of Departmental Management, including not to exceed $673,000 for travel expenses: Provided farther, That not to exceed $14,609,000 of the total amount provided under this heading shall be available for personnel compensation and benefits for the headquarters Office of General Counsel, including not to exceed $259,000 for travel expenses: Provided further, That not to exceed $8,717,000 of the total amount provided under this heading shall be available for personnel compensation and benefits for the headquarters Office of Policy Development and Research, including not to exceed $141,000 for travel expenses. office of inspector general (including transfer of funds) For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, as amended, $46,160,000, of which $10,148,000 shall be transferred from the various funds of the Federal Housing Administration. administrative provisions For payment to Milton Residences for the Elderly, Inc., for development costs incurred in connection with the site for HUD Project No. 023–EH273 (Milton, MA) prohibited under Public Law 100–202 (101 Stat. 1329–190), $226,000. Notwithstanding section 17(d)(4)(G) of the United States Housing Act of 1937, the City of Springfield, in the State of Massachusetts, shall not be required to return, and the Secretary of Housing and Urban Development may not recapture, any housing development grants awarded under section 17(d) of such Act to the city for use in connection with the Symphony Apartments housing development project (Project No. MA002HG701), if before October 1, 1993, the city (or any subgrantee) commences construction or substantial rehabilitation activities for which such amounts were made available. Notwithstanding section 17(d)(4)(G) of the United States Housing Act of 1937 (as such section existed immediately before October 1, 1991), the City of Harrisburg, in the State of Pennsylvania, shall not be required to return, and the Secretary of Housing and Urban Development may not recapture, any housing development grants awarded under section 17(d) of such Act to the city for use in connection with the Washington Square Phase II housing development project (Project No. PA009HG701), if before October 1, 1993, the city (or any subgrantee) commences construction or substantial rehabilitation activities for which such amounts remain available. Amounts made available for a housing development grant under section 17(a)(1)(B) of the United States Housing Act of 1937 for NJ 008–HG7–01 in Camden, New Jersey, shall be deemed to have been recaptured, and shall be made available during fiscal year 1993 for such project. The Oklahoma Department of Commerce is authorized to take all steps necessary to close out an agreement originally entered into by the Department and the City of Commerce, Oklahoma (Contract No. 4511 CDBG ED 89) for the purpose of providing a loan through the Miami Area Economic Development Services, Inc., for Sac and Fox Industries to retain and create jobs for low- and moderate-income persons. Notwithstanding any other provision of law or other Department of Housing and Urban Development regulations and requirements, $490,700 of funds appropriated for community development block grants and allocated to the State of Oklahoma or other funds available to the Secretary of Housing and Urban Development shall be used to close out said agreement. Furthermore, the Miami Area Economic Development Services, Inc., the City of Commerce, Oklahoma, and the Oklahoma Department of Commerce are relieved of all liability to the government for the outstanding balance, any amount of accrued interest, and any other fees and charges payable in connection with this transaction. The provisions of title I, section 104(g)(2) of the Housing and Urban Development Act of 1974, as amended, are hereby waived for the following urban development action grant projects in the City of Youngstown, Ohio: (1) H. L. Libby parking deck—project #: B–87–AA–39–0319; (2) The Bitonte Medical Center—project #: B–86–AA–39–0321; and (3) The Erie Terminal Development Office Complex—project #: B–87–AA–39–0329. During fiscal year 1993, notwithstanding any other provision of law, the number of individuals employed by the Department of Housing and Urban Development in other than “career appointee” positions m the Senior Executive Service shall not exceed 15. Notwithstanding any other provision of law, the Secretary of Housing and Urban Development shall cancel the indebtedness of the Sunbright Utility District in Morgan County, Tennessee, relating to loan number TENN–PFL–43, and the Administrator of the Economic Development Administration shall cancel the indebtedness of the Sunbright Utility District in Morgan County, Tennessee, relating to loans numbered 040100–342–1 and 040100–342–2. The Sunbright Utility District in Morgan County, Tennessee, is relieved of all liability to the Government for the outstanding principal balance on such loans, for the amount of accrued interest on such loans, and for any other fees and charges payable in connection with such loans. Section 213(e) of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 1439(e)), is amended by striking “the Park Central New Community Project or in adjacent areas that are recognized by the unit of general local government in which such Project is located as being included within the Park Central New Town in Town Project” and inserting “Jefferson County, Texas”; and, notwithstanding the provisions of section 213(c) of such Act, of the budget authority set aside in section 213(e) of such Act, the Secretary shall enter into annual contributions contracts under section 8(b) of the United States Housing Act of 1937 with the Housing Authority of the City of Galveston, Galveston, Texas, for 18 units, with the Housing Authority for the City of Rockwall, Rockwall, Texas, for 36 units, and for the balance of such budget authority, with the Port Arthur Housing Authority, Port Arthur, Texas. The first sentence of section 203(b)(2) of the National Housing Act (12 U.S.C. 1709(b)(2)) is amended to read as follows: “Involve a principal obligation (including such initial service charges, appraisal, inspection, and other fees as the Secretary shall approve) in an amount— “(A) not to exceed the lesser of— “(i) in the case of the 1-family residence, 95 percent of the median 1-family house price in the area (as determined by the Secretary); in the case of a 2-family residence, 107 percent of such median price; in the case of a 3-family residence, 130 percent of such median price; or in the case of a 4-family residence, 150 percent of such median price; or “(ii) 75 percent of the dollar amount limitation determined under section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (as adjusted annually under such section) for a residence of the applicable size; except that the applicable dollar amount limitation in effect for any area under this subparagraph (A) may not be less than the dollar amount limitation in effect under this section for the area on May 12, 1992; and “(B) except as otherwise provided in this paragraph (2), not to exceed an amount equal to the sum of— “(i) 97 percent of $25,000 of the appraised value of the property, as of the date the mortgage is accepted for insurance; “(ii) 95 percent of such value in excess of $25,000 but not in excess of $125,000; and “(iii) 90 percent of such value in excess of $125,000.”. The second sentence of section 2(b)(2) of the National Housing Act (12 U.S.C. 1703(b)(2)) is amended by striking “but not” and all that follows through “203(b)(2)” and inserting “but in no case may such limits, as so increased, exceed the lesser of (A) 185 percent of the dollar amount specified, or (B) the dollar amount specified as increased by the same percentage by which 95 percent of the median one-family house price in the area (as determined by the Secretary) exceeds $67,500”. Section 255(g) of the National Housing Act (12 U.S.C. 1715z–20(g)) is amended by striking “for a 1-family residence” and inserting “for 1-family residences in the area in which the dwelling subject to the mortgage under this section is located”. Federal Deposit Insurance Corporation.— (1) Eligible condominium property.— Section 40(p)(4) of the Federal Deposit Insurance Act (12 U.S.C. 1831q(p)(4)) is amended by striking subparagraph (B) and inserting the following new subparagraph: “(B) that has an appraised value that does not exceed the applicable dollar amount specified in the first sentence of section 203(b)(2) of the National Housing Act, as such dollar amount is increased on an area-by-area basis under such section for areas with high prevailing housing sales prices, except that for purposes of this paragraph no such increase may exceed 150 percent of the dollar amount specified in section 203(b)(2).”. (2) Eligible multifamily housing property.—Section 40(p)(5) of the Federal Deposit Insurance Act (12 U.S.C. 1831q(p)(5)) is amended by striking subparagraph (B) and inserting the following new subparagraph: “(B) that has an appraised value that does not exceed the applicable dollar amount specified in section 221(d)(3)(ii) of the National Housing Act for elevator-type structures, as such dollar amount is increased under such section for geographical areas or on a project-by-project basis (except that any such increase on a project-by-project basis shall be made pursuant to a determination by the Corporation that such increase is necessary).”. (3) Eligible single family project.— Section 40(p)(7) of the Federal Deposit Insurance Act (12 U.S.C. 1831q(p)(7)) is amended by striking subparagraph (B) and inserting the following new subparagraph: “(B) that has an appraised value that does not exceed the applicable dollar amount specified in the first sentence of section 203(b)(2) of the National Housing Act, as such dollar amount is increased on an area-by-area basis under such section for areas with high prevailing housing sales prices, except that for purposes of this paragraph no such increase may exceed 150 percent of the dollar amount specified in section 203(b)(2).”. Section 2(b)(1) of the National Housing Act (12 U.S.C. 1703(b)(D) is amended by striking subparagraphs (C), (D), and (E) and inserting the following new subparagraphs: “(C) 70 percent of the median 1-family house price in the area, as determined by the Secretary under section 203(b)(2), if made for the purpose of financing the purchase of a manufactured home; “(D) 80 percent of the median 1-family house price in the area, as determined by the Secretary under section 203(b)(2), if made for the purpose of financing the purchase of a manufactured home and a suitably developed lot on which to place the home; “(E) the greater of (i) 20 percent of the median 1-family house price in the area, as determined by the Secretary under section 203(b)(2), or (ii) $13,500, if made for the purpose of financing the purchase, by an owner of a manufactured home which is the principal residence of the owner, of a suitably developed lot on which to place that manufactured home, and if the owner certifies that the owner will place the manufactured home on the lot acquired with such loan within 6 months after the date of such loan;”. Section 203(b)(2) of the National Housing Act (12 U.S.C. 1709(b)(2)) is amended by inserting after the period at the end the following new sentence: “Notwithstanding the authority of the Secretary to establish the terms of insurance under this section and approve the initial service charges, appraisal, inspection, and other fees (and subject to any other limitations under this section on the amount of a principal obligation), the Secretary may not (by regulation or otherwise) limit the percentage or amount of any such approved charges and fees that may be included in the principal obligation of a mortgage.”. Notwithstanding any other provision of this or any other Act with respect to any fiscal year, the Office of Lead-Based Paint Abatement and Poisoning Prevention shall be contained within the Office of the Secretary, and said Office shall have ultimate responsibility within the Department of Housing and Urban Devel-opment, except for the Secretary, for all matters related to the abatement of lead in housing, and research related to lead abatement, consistent with the responsibilities outlined for the Office in Senate Report 102–107. Notwithstanding section 571(b) of the National Affordable Housing Act of 1990, the Department shall revise its fiscal year 1992 notice of fund availability for public housing development/major reconstruction of obsolete projects (Federal Register, June 18, 1992, 27330 et seq.) so that there contains no limitation on the amount of these funds available for public housing replacement activities. The fair market rentals for the Salt Lake City—Ogden, Utah, metropolitan statistical area that took effect as of October 1, 1991 (56 Fed. Reg. 49024, 49072, September 26, 1991) shall remain in effect until October 1, 1993, notwithstanding the requirements of section 8(c)(1) of the United States Housing Act of 1937 (42 U.S.C. 1437f) or any publication in the Federal Register in implementation of such section. With respect to two projects of the United Cerebral Palsy of New Jersey, Inc., which are located in Newark and Teaneck, New Jersey, and are to be assisted under section 811 (project numbers 031–EH244/NJ39–T881–001 and 031–EH231), the Secretary of Housing and Urban Development shall extend the fund reservations for a reasonable period sufficient to permit final closing to take place and shall increase the reservation of project rental assistance to an amount sufficient to cover the reasonable operating expenses of these projects. Rehabilitation activities undertaken by the Committee for Dignity and Fairness for the Homeless Housing Development, Inc., in connection with 46 dwelling units that were renovated for permanent housing for the homeless and that are located in Philadelphia, Pennsylvania, shall be deemed to have been conducted pursuant to an agreement with the Secretary of Housing and Urban Development under clause (ii) of the third sentence of section 8(d)(2)(A) of the United States Housing Act of 1937 (42 U.S.C. 1437f(d)(2)(A)). Notwithstanding any other provision of the law, the Secretary of Housing and Urban Development shall immediately forego and forbear from all efforts to recapture funding, by means of offset or reduction, against current or future subsidy, or other means, from the Housing Authority of the City of Seattle based on a finding pertaining to tenant utility allowances contained in the Office of Inspector General Report 86–SE–201–1003, dated February 21, 1986, and shall restore any funds previously recaptured. The Secretary of Housing and Urban Development shall cancel the indebtedness of the town of McLain, Mississippi, relating to the public facilities loan (Project No. MIS–22–PFL0094). The town of McLain, Mississippi, is relieved of all liability to the Government for the outstanding principal balance on such loan, for the amount of accrued interest on such loan, and for any other fees and charges payable in connection with such loan.

110. 1992

     Pub. L. 102–389 title II · 106 Stat. 1571

     Substituted · 12 U.S.C. § 1703(b)(2)

     Pub. L. 102–389 substituted “but in no case may such limits, as so increased, exceed the lesser of (A) 185 percent of the dollar amount specified, or (B) the dollar amount specified as increased by the same percentage by which 95 percent of the median one-family house price in the area (as determined by the Secretary) exceeds $67,500” for “but not to exceed the percentage by which the maximum mortgage amount of a one-family residence in the area is increased by the Secretary under section 1709(b)(2) of this title”

     Source evidence

     Code amendment note
     Subsec. (b)(2). Pub. L. 102–389 substituted “but in no case may such limits, as so increased, exceed the lesser of (A) 185 percent of the dollar amount specified, or (B) the dollar amount specified as increased by the same percentage by which 95 percent of the median one-family house price in the area (as determined by the Secretary) exceeds $67,500” for “but not to exceed the percentage by which the maximum mortgage amount of a one-family residence in the area is increased by the Secretary under section 1709(b)(2) of this title”.

     Enacted provision · exact public law
     TITLE II DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT Housing Programs homeownership and opportunity for people everywhere grants (hope grants) For the HOPE for Public and Indian Housing Homeownership Program as authorized under title III of the United States Housing Act of 1937 (42 U.S.C. 1437aaa et seq.) and subtitle A of title IV of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), $161,000,000; for the HOPE for Homeownership of Multifamily Units Program as authorized under subtitle B of title IV of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), $95,000,000; for the HOPE for Homeownership of Single Family Homes Program as authorized under subtitle C of title IV of the Cranston-Gonzalez National Affordable Housing Act, $95,000,000; and for the HOPE for Elderly Independence demonstration program as authorized under section 803(k) of the Cranston-Gonzalez National Affordable Housing Act, $10,000,000: Provided, That all amounts shall remain available until expended. Of the amounts provided under this heading for the HOPE for Homeownership of Multifamily Units Program, $10,000,000 shall be available for assistance to mutual housing associations, to the extent that such associations submit approvable grant applications under such program. Furthermore, $300,000,000 shall be for grants to carry out an urban revitalization demonstration program involving major reconstruction of severely distressed or obsolete public housing projects, to be administered by local public housing agencies: Provided, That such funding shall be made available to up to 15 cities selected from either the 40 most populous United States cities or, from any city whose housing authority was considered to have been on the Department’s troubled housing authorities list as of March 31, 1992: Provided further, That no more than $50,000,000 shall be provided to each participating municipality: Provided further, That no more than 500 units shall be funded for each participating city and such units shall be located in up to 3 separately defined areas containing the community’s most severely distressed projects, including family high-rise projects: Provided further, That at least 80 per centum of the funding provided to each participating public housing agency shall be used for the capital costs of major reconstruction, rehabilitation and other physical improvements, for the capital costs of replacement units and for certificates under section 8(b) used for replacement and for management improvements for the reconstructed project and for planning and technical assistance purposes and not more than 20 per centum shall be used for community service programs (as defined by the Commission on National and Community Service) and for supportive services, including, but not limited to, literacy training, job training, day care, youth activities, administrative expenses, and the permissive and mandatory services authorized under the Gateway Program established in the Family Support Centers demonstration program, provided for in 42 U.S.C. 11485e–f: Provided further, That each participating city shall make contributions for supportive services in an amount equal to 15 per centum of the funding provided for supportive services pursuant to the immediately preceding proviso: Provided further, That all such contributions from participating jurisdictions for supportive services shall be derived from non-Federal sources: Provided further, That each participating community shall submit a plan for program implementation which is consistent with the local comprehensive housing affordability strategy prepared pursuant to section 105 of the Cranston-Gonzalez National Affordable Housing Act and which has the approval of the local governing body: Provided further, That each plan shall include a community services component, but no funds are to be disbursed pursuant to this paragraph until such community services program has been approved by the Commission on National and Community Service: Provided further, That funds made available pursuant to this paragraph may be used in conjunction with, but not in lieu of, funding provided under the head “Modernization of Low-Income Housing Projects” for the modernization of existing public housing projects pursuant to section 14 of the Act (42 U.S.C. 14371); for construction or major reconstruction of obsolete public housing, other than for Indian families; for the replacement of public housing units pursuant to section 18 of the Act; and for the HOPE for Public and Indian Housing Homeownership program as authorized under title III of the Act: Provided further, That notwithstanding the provisions of section 18(b)(3) of the Act, units demolished, disposed of or otherwise eliminated under this demonstration may be replaced as follows: one-third by certificates under section 8(b) and the balance by any combination of conventional public housing and units acquired or otherwise provided for homeownership under section 5(h) of the Act, housing made available through housing opportunity programs of construction or substantial rehabilitation of homes meeting essentially the same eligibility requirements as those established pursuant to sections 603–607 of the Housing and Community Development Act of 1987 (Public Law 100–242), or under the HOPE II or III programs, as established under sections 421 and 441 of the Cranston-Gonzalez National Affordable Housing Act; persons displaced by the reconstruction activities provided for herein shall be eligible for these replacement units: Provided further, That, in order to be eligible for funding under this paragraph, applications for funding must be received within 180 days from the date the Notice of Funds Availability is published in the Federal Register: Provided further, That the Secretary of the Department of Housing and Urban Development shall issue a notice of funds availability within 90 days of enactment of this paragraph: Provided further, That the Secretary shall determine which cities have been selected to participate in the program within 90 days of the timely receipt of the last eligible application: Provided further, That housing authorities, in submitting their application for funds under this paragraph, shall identify all severely distressed public housing developments, using the criteria set forth by the National Commission on Severely Distressed Public Housing: Provided further, That nothing in this paragraph shall prohibit the Secretary from conforming the program standards and criteria set forth herein, with subsequent authorization legislation that may be enacted into law: Provided further, That the authority in the immediately preceding proviso shall not apply to any legislation that excludes or otherwise limits self-sufficiency or community service activities set forth in this paragraph, or authorize reallocation of amounts available for obligation which are included in this paragraph: Provided further, That any troubled housing authority that applies for funds under this paragraph, shall not be eligible if the Secretary certifies to the Congress that they are not making substantial progress to eliminate their troubled status in accordance with section 6(j) of the Housing Act of 1937, as amended: Provided further, That in the event that communities applying for funding under this paragraph also request funding under any other HOPE program authorized under title III or title IV of the Cranston-Gonzalez National Affordable Housing Act, the Secretary shall process such applications concurrently and in an expeditious manner: Provided further, That, in the event that any application received from the cities initially selected to participate in this program is determined to be unacceptable, the Secretary shall select another city from the 40 most populous United States cities to receive funding under this paragraph: Provided further, That, in the event that communities selected to receive funding do not proceed in a manner consistent with the plan approved for that community, the Secretary may withdraw any unobligated balances of funding made available pursuant to this paragraph and distribute such funds to other eligible communities. Of the amount made available under this head in Public Law 102–139 for the HOPE for Homeownership of Multifamily Units Program as authorized under subtitle B of title IV of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), $3,000,000 shall be made available for a cooperative agreement between the Secretary of Housing and Urban Development and the National Center for Tenant Ownership in affiliation with the Harrison Institute at the Georgetown University Law Center, for the provision of technical assistance to potential recipients and recipients of grants under that program. home investment partnerships program For the HOME investment partnerships program, as authorized under title II of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), as amended, $1,000,000,000 to remain available until expended: Provided, That in order to allocate the total amount provided, the Act shall be construed as follows: in section 216(3)(A), “$750,000” both places it appears shall be “$375,000”; in section 217(b)(2)(A), “$3,000,000” both places it appears shall be “$750,000”; in section 217(b)(2)(B), “$500,000” both places it appears shall be “$250,000”; and in section 217(b)(3), “$500,000” shall be “$250,000”. Hereafter, for purposes of amounts appropriated under this heading in the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1992 (Public Law 102–139; 105 Stat. 736, 744), the per-unit cost limits established by the Secretary of Housing and Urban Development under section 212(d) of the HOME Investment Partnerships Act (42 U.S.C. 12742(d)) shall reflect the actual development costs in each area in a manner that ensures compliance with the matching contributions waiver provided under such heading in such Appropriations Act. Section 217(a) of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12747(a)) is amended— (1) in the first sentence of paragraph (1), by inserting “and after reserving amounts for the insular areas under paragraph (3)” before the first comma; and (2) by adding at the end the following new paragraph: “(3) Insular areas.—For each fiscal year, of any amounts approved in appropriations Acts to carry out this title, the Secretary shall reserve for grants to the insular areas the greater of (A) $750,000, or (B) 0.2 percent of the amounts appropriated under such Acts. The Secretary shall provide for the distribution of amounts reserved under this paragraph among the insular areas pursuant to specific criteria for such distribution. The criteria shall be contained in a regulation promulgated by the Secretary after notice and public comment.” annual contributions for assisted housing (including transfers and rescission of funds) For assistance under the United States Housing Act of 1937, as amended (“the Act” herein) (42 U.S.C. 1437), not otherwise provided for, $8,936,731,000, to remain available until expended: Provided, That to be added to and merged with the foregoing amounts, there shall be up to $287,234,000, consisting of up to $24,000,000 of budget authority previously made available under the “Flexible subsidy fund” which remains unreserved at the end of fiscal year 1992; $18,934,000 of budget authority previously made available for the Nehemiah Housing Opportunity Fund which remains unreserved at the end of fiscal year 1992; and up to $244,300,000 of amounts of budget authority (and contract authority) reserved or obligated in prior years for the development or acquisition costs of public housing (including public housing for Indian families), for modernization of existing public housing projects (including such projects for Indian families), and, except as herein provided, for programs under section 8 of the Act (42 U.S.C. 14370, which are recaptured during fiscal year 1993: Provided further, That, from the foregoing total of $9,223,965,000, $257,320,000 shall be for the development or acquisition cost of public housing for Indian families, including amounts for housing under the mutual help homeownership opportunity program under section 202 of the Act (42 U.S.C. 1437bb); $400,000,000 shall be for the development or acquisition cost of public housing: Provided further, That of the $9,223,965,000 total under this head, $3,100,000,000 shall be for modernization of existing public housing projects pursuant to section 14 of the Act (42 U.S.C. 14371), including $4,750,000 for technical assistance and training under section 20 of the Act (42 U.S.C. 1437(r)) and $10,500,000 for the inspection of modernization units and provision of management and technical assistance for troubled Public Housing Authorities and Indian Housing Authorities: Provided further, That of the $9,223,965,000 total under this head, $25,000,000 shall be for public housing family investment centers as authorized in section 22 of the Act: Provided further, That of the $9,223,965,000 total under this head, $600,750,000 shall be for the section 8 existing housing certificate program (42 U.S.C. 1437f): Provided further, That of the $9,223,965,000 total provided under this head, $75,000,000 shall be for the foster child care program authorized under section 8(x) of the Act: Provided further, That of the $9,223,965,000 total pro-vided under this head, $581,750,000 shall be for the housing voucher program under section 8(o) of the Act (42 U.S.C. 1437f(o)); $1,350,000,000 shall be for amendments to section 8 contracts other than contracts for projects developed under section 202 of the Housing Act of 1959, as amended, including $70,000,000 which shall be for rental adjustments resulting from the application of an annual adjustment factor in accordance with section 801 of the Department of Housing and Urban Development Reform Act of 1989 (Public Law 101–235); $600,000,000 shall be for assistance for State or local units of government, tenant and nonprofit organizations to purchase projects where owners have indicated an intent to prepay mortgages and for assistance to be used as an incentive to prevent prepayment or for vouchers to aid eligible tenants adversely affected by mortgage prepayment, as authorized in the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), and of the $600,000,000 made available for such assistance, up to $25,000,000 shall be for use by nonprofit organizations, pursuant to the Emergency Low Income Housing Preservation Act of 1987, as amended by the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625), and for tenant and community-based nonprofit education, training and capacity building and the development of State and local preservation strategies; $50,000,000 for assistance to families with children to move out of areas with high concentrations of persons living in poverty; $93,032,000 shall be for section 8 assistance for property disposition; and $202,000,000 shall be for loan management: Provided further, That any amounts of budget authority provided herein that are used for loan management activities under section 8(b)(1) (42 U.S.C. 1437f(b)(1)) shall be obligated for a contract term that is no less than five years: Provided further, That those portions of the fees for the costs incurred in administering incremental units assisted in the certificate and housing voucher programs under sections 8(b) and 8(o), respectively, shall be established or increased in accordance with the authorization for such fees in section 8(q) of the Act: Provided further, That 50 per centum of the amounts of budget authority, or in lieu thereof 50 per centum of the cash amounts associated with such budget authority, that are recaptured from projects described in section 1012(a) of the Stewart B. McKinney Homeless Assistance Amendments Act of 1988 (Public Law 100–628, 102 Stat. 3224, 3268) shall be rescinded, or in the case of cash, shall be remitted to the Treasury, and such amounts of budget authority or cash recaptured and not rescinded or remitted to the Treasury shall be used by State housing finance agencies or local governments or local housing agencies with projects approved by the Secretary of Housing and Urban Development for which settlement occurred after January 1, 1992, in accordance with such section: Provided further, That of the $9,223,965,000 total, $100,000,000 shall be for housing opportunities for persons with AIDS under title VIII, subtitle D of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625) and $100,000,000 shall be for grants to States and units of general local government for the abatement of significant lead-based paint and lead dust hazards in low- and moderate-income owner-occupied units and low-income privately-owned rental units, of which $2,000,000 shall be for lead-based paint abatement grants for technical assistance and evaluation studies: Provided further, That such grant funds shall be available only for projects conducted by contrac-tors certified and workers trained through a federally- or State-accredited program: Provided further, That, to be eligible for such grants, States and units of general local government must demonstrate the capability to identify significant-hazard housing units, to oversee the safe and effective conduct of the abatement, and to assure the future availability of abated units to low- and moderate-income persons: Provided further, That notwithstanding the language preceding the first proviso of this paragraph, $260,000,000 shall be used for special projects in accordance with the terms and conditions specified for such grants in the committee of conference report and statement of the managers (H. Rept. 102–902) accompanying H.R. 5679: Provided further, That of the $150,000,000 earmarked in Public Law 102–139 for special purpose grants (105 Stat. 736, 746), $850,000 made available to the City of Lawrence, Massachusetts to purchase, remodel and equip a vacant Jewish Community Center building for use as a Girls’ Club facility shall instead be made available to the Lawrence Boys’ Club to remodel any building for use as a Girls’ club facility: Provided further, That of the $150,000,000 earmarked in Public Law 102–139 for special purpose grants (105 Stat. 736, 746), $290,000 made available to Marquette, Michigan for communications and other equipment shall instead be made available for training and equipment to the Upper Peninsula Emergency Medical Services Corporation in Marquette County, Michigan for use throughout the Upper Peninsula of Michigan. Of the $9,223,965,000 total under this head, $1,116,099,000 shall be for capital advances, including amendments to capital advance contracts, for housing for the elderly, as authorized by section 202 of the Housing Act of 1959, as amended, and for project rental assistance, and amendments to contracts for project rental assistance, for supportive housing for the elderly under section 202(c)(2) of the Housing Act of 1959, as amended: Provided further, That any unreserved balances provided under this head in prior years for such purposes shall be merged with amounts provided herein: Provided further, That $15,438,000 shall be for service coordinators pursuant to section 202(q) of the Housing Act of 1959, as amended. Of the $9,223,965,000 total under this head, $193,754,000 shall be for persons with disabilities, as authorized by section 811 of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625); and for project rental assistance, and amendments to contracts for project rental assistance, for supportive housing for persons with disabilities as authorized by section 811 of the Cranston-Gonzalez National Affordable Housing Act. assistance for the renewal of expiring section 8 subsidy contracts For assistance under the United States Housing Act of 1937 (42 U.S.C. 1437) not otherwise provided for, for use in connection with expiring section 8 subsidy contracts, $6,346,135,000, to remain available until expended: Provided, That funds provided under this paragraph may not be obligated for a contract term that is less than five years: Provided further, That the Secretary may maintain consolidated accounting data for funds disbursed at the Public Housing Agency or Indian Housing Authority or project level for subsidy assistance regardless of the source of the disbursement so as to minimize the administrative burden of multiple accounts. Further, for the foregoing purposes, $450,000,000, to become available for obligation on October 1, 1993, and to remain available for obligation until expended. For those projects in the State of Maine, the owners of which have converted their section 23 leased housing contracts (former section 23 of the Act, as amended by section 103(a), Housing and Urban Development Act of 1965, Public Law 89–117, 79 Stat. 451, 455) to section 8, the subsidy provided under the head “Assistance for the Renewal of Expiring Section 8 Subsidy Contracts” in Public Law 102–139 shall be for a five-year extension as if the projects were under the section 8 new construction program, except that section 8(c)(2)(C) shall not apply. Notwithstanding any other provision of this Act, the amount appropriated under this heading for fiscal year 1993 shall be “$6,076,135,000” and the amount under this heading for fiscal year 1994 shall be “$720,000,000”. rental housing assistance (rescission) The limitation otherwise applicable to the maximum payments that may be required in any fiscal year by all contracts entered into under section 236 of the National Housing Act (12 U.S.C. 1715z–l) is reduced in fiscal year 1993 by not more than $2,000,000 in uncommitted balances of authorizations provided for this purpose in appropriations Acts: Provided, That up to $283,000,000 of recaptured loan management or section 236 budget authority resulting from the prepayment of mortgages subsidized under section 236 of the National Housing Act (12 U.S.C. 1715z–l) shall be rescinded in fiscal year 1993: Provided further, That to the extent that the recaptures and rescission during fiscal year 1993 are less than $283,000,000, the total funding provided under the head “Annual contributions for assisted housing” and the budget authority provided in the seventh proviso under that head for assistance in connection with mortgage prepayments shall be reduced accordingly. congregate services For contracts with and payments to public housing agencies and nonprofit corporations for congregate services programs, $21,000,000, to remain available until September 30, 1994, of which up to $10,800,000 shall be for entities operating such programs in accordance with the provisions of the Congregate Services Act of 1978, as amended, and the balance shall be for such programs under section 802 of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101–625). payments for operation of low-income housing projects For payments to public housing agencies and Indian housing authorities for operating subsidies for low-income housing projects as authorized by section 9 of the United States Housing Act of 1937, as amended (42 U.S.C. 1437g), $2,282,436,000. housing counseling assistance For contracts, grants, and other assistance, not otherwise provided for, for providing counseling and advice to tenants and homeowners—both current and prospective—with respect to property maintenance, financial management, and such other matters as may be appropriate to assist them in improving their housing conditions and meeting the responsibilities of tenancy or homeownership, including provisions for training and for support of voluntary agencies and services as authorized by section 106(a)(1)(iii), section 106(a)(2), section 106(c), and section 106(d) of the Housing and Urban Development Act of 1968, as amended, $6,025,000. flexible subsidy fund For assistance to owners of eligible multifamily housing projects insured, or formerly insured, and under the National Housing Act, as amended, or which are otherwise eligible for assistance under section 201(c) of the Housing and Community Development Amendments of 1978, as amended (12 U.S.C. 1715z–la), in the program of assistance for troubled multifamily housing projects under the Housing and Community Development Amendments of 1978, as amended, all uncommitted balances of excess rental charges as of September 30, 1992, and any collections and other amounts in the fund authorized under section 201(j) of the Housing and Community Development Amendments of 1978, as amended, during fiscal year 1993, to remain available until expended: Provided, That assistance to an owner of a multifamily housing project assisted, but not insured, under the National Housing Act may be made if the project owner and the mortgagee have provided or agreed to provide assistance to the project in a manner as determined by the Secretary of Housing and Urban Development. fha—mutual mortgage insurance program account (including transfers of funds) During fiscal year 1993, commitments to guarantee loans to carry out the purposes of section 203(b) of the National Housing Act, as amended, shall not exceed a loan principal of $57,146,000,000. For administrative expenses necessary to carry out the guaranteed loan program, $255,645,000, to be derived from the FHA-Mutual Mortgage Insurance Guaranteed Loans Receipt account, of which not to exceed $249,542,000 shall be transferred to the appropriation for salaries and expenses; and of which not to exceed $6,103,000 shall be transferred to the appropriation for the Office of Inspector General. fha—general and special risk program account (including transfers of funds) For the cost of guaranteed loans, $104,652,000, as authorized by the National Housing Act, as amended (12 U.S.C. 1715z–3(b) and 1735c(f)): Provided, That such costs, including the cost of modifying such loans, shall be defined in section 502 of the Congressional Budget Act of 1974: Provided further, That these funds are available to subsidize total loan principal any part of which is to be guaranteed of not to exceed $8,864,230,000. In addition, for administrative expenses necessary to carry out the guaranteed loan programs, $187,000,000, of which $182,955,000 shall be transferred to the appropriation for salaries and expenses; and of which $4,045,000 shall be transferred to the appropriation for the Office of Inspector General. drug elimination grants for low-income housing For grants to public housing agencies for use in eliminating drug-related crime in public housing projects authorized by 42 U.S.C. 11901–11908, and for drug information clearinghouse services authorized by 42 U.S.C. 11921–11925, $175,000,000, to remain available until expended: Provided, That $5,225,000 of the foregoing amount shall be available for grants, contracts, or other assistance for technical assistance and training for or on behalf of public housing agencies and resident organizations (including the costs of necessary travel for participants in such training): Provided further, That $5,000,000 of the foregoing amount shall be made available for grants for a youth violence prevention in low-income housing program modeled on a program developed by the National Association of Neighborhoods: Provided further, That $10,000,000 of the foregoing amount shall be made available for grants for federally-assisted, low-income housing. Section 520 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 11903a) is amended— (1) in subsection (a), by striking “in” and insert “for residents of”; (2) in subsection (b)(5), after “nonprofit organizations”, by inserting “and institutions of higher learning”; and (3) in subsection (d)(3), after “cultural activities,”, by inserting “transportation costs,”. Government National Mortgage Association guarantees of mortgage-backed securities loan guarantee program account (includes transfer of funds) During fiscal year 1993, new commitments to issue guarantees to carry out the purposes of section 306 of the National Housing Act, as amended (12 U.S.C. 1721(g)), shall not exceed $77,700,000,000. For administrative expenses necessary to carry out the guaranteed mortgage-backed securities program, $6,936,000, to be derived from the GNMA—Guarantees of mortgage-backed securities guaranteed loan receipt account, of which not to exceed $6,936,000 shall be transferred to the appropriation for salaries and expenses. Homeless Assistance emergency shelter grants program For the emergency shelter grants program, as authorized under subtitle B of title IV of the Stewart B. McKinney Homeless Assistance Act (Public Law 100–77), as amended, $50,000,000, to remain available until expended. transitional and supportive housing demonstration program For the transitional and supportive housing demonstration program, as authorized under subtitle C of title IV of the Stewart B. McKinney Homeless Assistance Act (Public Law 100–77), as amended, $150,000,000, to remain available until expended. section 8 moderate rehabilitation single room occupancy For assistance under the United States Housing Act of 1937, as amended (42 U.S.C. 1437f), for the section 8 moderate rehabilitation program, to be used to assist homeless individuals pursuant to section 441 of the Stewart B. McKinney Homeless Assistance Act (42 U.S.C. 11401), $105,000,000, to remain available until expended. shelter plus care For the Shelter Plus Care program, as authorized by subtitle F of title IV of the Stewart B. McKinney Homeless Assistance Act (Public Law 100–77), as amended, $266,550,000, to remain available until expended. The unexpended balances of the “Shelter Plus Care: Section 8 Moderate Rehabilitation, Single Room Occupancy” and “Shelter Plus Care: Section 202 Rental Assistance” programs, available from the appropriations enacted in Public Law 102–139, shall be added to and merged with the amount available under this heading. Community Planning and Development community development grants For grants to States and units of general local government and for related expenses, not otherwise provided for, necessary for carrying out a community development grants program as authorized by title I of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5301), $4,000,000,000, to remain available until September 30, 1995: Provided, That $40,000,000 shall be available for grants to Indian tribes pursuant to section 106(a)(1) of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5301), and $14,500,000 shall be available for “special purpose grants” pursuant to section 107 of such Act, and $500,000 shall be available for a grant to demonstrate the feasibility of developing an integrated database system and computer mapping tool for compliance, programming, and evaluation of community development block grants pursuant to section 901 of the Cranston-Gonzalez National Affordable Housing Act of 1990: Provided further, That not to exceed 20 per centum of any grant made with funds appropriated herein (other than a grant using funds under section 107(b)(3) of such Act or funds set aside in the following proviso) shall be expended for “Planning and Management Development” and “Administration” as defined in regulations promulgated by the Department of Housing and Urban Development: Provided further, That $5,000,000 shall be made available from the total amount provided to carry out an early childhood development program under section 222 of the Housing and Urban-Rural Recovery Act of 1983, as amended (12 U.S.C. 1701z–6 note). During fiscal year 1993, total commitments to guarantee loans, as authorized by section 108 of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5301), shall not exceed $2,000,000,000 of contingent liability for loan principal: Provided, That $1,700,000,000 of said amount shall become available only upon enactment into law of authorizing legislation. Policy Development and Research research and technology For contracts, grants, and necessary expenses of programs of research and studies relating to housing and urban problems, not otherwise provided for, as authorized by title V of the Housing and Urban Development Act of 1970, as amended (12 U.S.C. 1701z–1 et seq.), including carrying out the functions of the Secretary under section 1(a)(1)(i) of Reorganization Plan No. 2 of 1968, $25,000,000, to remain available until September 30, 1994: Provided, That of the foregoing amount (1) $1,000,000 shall be available for innovative building technologies research with the Research Center of the National Association of Home Builders, (2) $1,000,000 shall be available for the National Commission on Manufactured Housing, (3) at least $500,000 shall be for lead-based paint abatement research and studies, and (4) $1,000,000 shall be for a study by the National Academy of Public Administration on HUD staffing and human resource management and requirements. Fair Housing and Equal Opportunity fair housing activities For contracts, grants, and other assistance, not otherwise provided for, as authorized by title VIII of the Civil Rights Act of 1968, as amended by the Fair Housing Amendments Act of 1988, and section 561 of the Housing and Community Development Act of 1987, $15,000,000, to remain available until September 30, 1994: Provided, That not less than $10,600,000 shall be available to carry out activities pursuant to section 561 of the Housing and Community Development Act of 1987. Management and Administration salaries and expenses (including transfers of funds) For necessary administrative and nonadministrative expenses of the Department of Housing and Urban Development, not otherwise provided for, including not to exceed $7,000 for official reception and representation expenses, $892,000,000, of which $432,497,000 shall be provided from the various funds of the Federal Housing Administration, and $6,936,000 shall be provided from funds of the Government National Mortgage Association: Provided, That of the total amount, $2,000,000 shall be available for the Housing Assistance Council and $500,000 shall be available for the National American Indian Housing Council: Provided further, That of the total amount, $1,000,000 and 20 staff years shall be for the Office of Lead-Based Paint Abatement and Poisoning Prevention, which shall be located within the Office of the Secretary: Provided further, That not to exceed $8,793,000 of the total amount provided under this heading shall be available for personnel compensation and benefits for the headquarters budget activity of Departmental Management, including not to exceed $673,000 for travel expenses: Provided farther, That not to exceed $14,609,000 of the total amount provided under this heading shall be available for personnel compensation and benefits for the headquarters Office of General Counsel, including not to exceed $259,000 for travel expenses: Provided further, That not to exceed $8,717,000 of the total amount provided under this heading shall be available for personnel compensation and benefits for the headquarters Office of Policy Development and Research, including not to exceed $141,000 for travel expenses. office of inspector general (including transfer of funds) For necessary expenses of the Office of Inspector General in carrying out the provisions of the Inspector General Act of 1978, as amended, $46,160,000, of which $10,148,000 shall be transferred from the various funds of the Federal Housing Administration. administrative provisions For payment to Milton Residences for the Elderly, Inc., for development costs incurred in connection with the site for HUD Project No. 023–EH273 (Milton, MA) prohibited under Public Law 100–202 (101 Stat. 1329–190), $226,000. Notwithstanding section 17(d)(4)(G) of the United States Housing Act of 1937, the City of Springfield, in the State of Massachusetts, shall not be required to return, and the Secretary of Housing and Urban Development may not recapture, any housing development grants awarded under section 17(d) of such Act to the city for use in connection with the Symphony Apartments housing development project (Project No. MA002HG701), if before October 1, 1993, the city (or any subgrantee) commences construction or substantial rehabilitation activities for which such amounts were made available. Notwithstanding section 17(d)(4)(G) of the United States Housing Act of 1937 (as such section existed immediately before October 1, 1991), the City of Harrisburg, in the State of Pennsylvania, shall not be required to return, and the Secretary of Housing and Urban Development may not recapture, any housing development grants awarded under section 17(d) of such Act to the city for use in connection with the Washington Square Phase II housing development project (Project No. PA009HG701), if before October 1, 1993, the city (or any subgrantee) commences construction or substantial rehabilitation activities for which such amounts remain available. Amounts made available for a housing development grant under section 17(a)(1)(B) of the United States Housing Act of 1937 for NJ 008–HG7–01 in Camden, New Jersey, shall be deemed to have been recaptured, and shall be made available during fiscal year 1993 for such project. The Oklahoma Department of Commerce is authorized to take all steps necessary to close out an agreement originally entered into by the Department and the City of Commerce, Oklahoma (Contract No. 4511 CDBG ED 89) for the purpose of providing a loan through the Miami Area Economic Development Services, Inc., for Sac and Fox Industries to retain and create jobs for low- and moderate-income persons. Notwithstanding any other provision of law or other Department of Housing and Urban Development regulations and requirements, $490,700 of funds appropriated for community development block grants and allocated to the State of Oklahoma or other funds available to the Secretary of Housing and Urban Development shall be used to close out said agreement. Furthermore, the Miami Area Economic Development Services, Inc., the City of Commerce, Oklahoma, and the Oklahoma Department of Commerce are relieved of all liability to the government for the outstanding balance, any amount of accrued interest, and any other fees and charges payable in connection with this transaction. The provisions of title I, section 104(g)(2) of the Housing and Urban Development Act of 1974, as amended, are hereby waived for the following urban development action grant projects in the City of Youngstown, Ohio: (1) H. L. Libby parking deck—project #: B–87–AA–39–0319; (2) The Bitonte Medical Center—project #: B–86–AA–39–0321; and (3) The Erie Terminal Development Office Complex—project #: B–87–AA–39–0329. During fiscal year 1993, notwithstanding any other provision of law, the number of individuals employed by the Department of Housing and Urban Development in other than “career appointee” positions m the Senior Executive Service shall not exceed 15. Notwithstanding any other provision of law, the Secretary of Housing and Urban Development shall cancel the indebtedness of the Sunbright Utility District in Morgan County, Tennessee, relating to loan number TENN–PFL–43, and the Administrator of the Economic Development Administration shall cancel the indebtedness of the Sunbright Utility District in Morgan County, Tennessee, relating to loans numbered 040100–342–1 and 040100–342–2. The Sunbright Utility District in Morgan County, Tennessee, is relieved of all liability to the Government for the outstanding principal balance on such loans, for the amount of accrued interest on such loans, and for any other fees and charges payable in connection with such loans. Section 213(e) of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 1439(e)), is amended by striking “the Park Central New Community Project or in adjacent areas that are recognized by the unit of general local government in which such Project is located as being included within the Park Central New Town in Town Project” and inserting “Jefferson County, Texas”; and, notwithstanding the provisions of section 213(c) of such Act, of the budget authority set aside in section 213(e) of such Act, the Secretary shall enter into annual contributions contracts under section 8(b) of the United States Housing Act of 1937 with the Housing Authority of the City of Galveston, Galveston, Texas, for 18 units, with the Housing Authority for the City of Rockwall, Rockwall, Texas, for 36 units, and for the balance of such budget authority, with the Port Arthur Housing Authority, Port Arthur, Texas. The first sentence of section 203(b)(2) of the National Housing Act (12 U.S.C. 1709(b)(2)) is amended to read as follows: “Involve a principal obligation (including such initial service charges, appraisal, inspection, and other fees as the Secretary shall approve) in an amount— “(A) not to exceed the lesser of— “(i) in the case of the 1-family residence, 95 percent of the median 1-family house price in the area (as determined by the Secretary); in the case of a 2-family residence, 107 percent of such median price; in the case of a 3-family residence, 130 percent of such median price; or in the case of a 4-family residence, 150 percent of such median price; or “(ii) 75 percent of the dollar amount limitation determined under section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act (as adjusted annually under such section) for a residence of the applicable size; except that the applicable dollar amount limitation in effect for any area under this subparagraph (A) may not be less than the dollar amount limitation in effect under this section for the area on May 12, 1992; and “(B) except as otherwise provided in this paragraph (2), not to exceed an amount equal to the sum of— “(i) 97 percent of $25,000 of the appraised value of the property, as of the date the mortgage is accepted for insurance; “(ii) 95 percent of such value in excess of $25,000 but not in excess of $125,000; and “(iii) 90 percent of such value in excess of $125,000.”. The second sentence of section 2(b)(2) of the National Housing Act (12 U.S.C. 1703(b)(2)) is amended by striking “but not” and all that follows through “203(b)(2)” and inserting “but in no case may such limits, as so increased, exceed the lesser of (A) 185 percent of the dollar amount specified, or (B) the dollar amount specified as increased by the same percentage by which 95 percent of the median one-family house price in the area (as determined by the Secretary) exceeds $67,500”. Section 255(g) of the National Housing Act (12 U.S.C. 1715z–20(g)) is amended by striking “for a 1-family residence” and inserting “for 1-family residences in the area in which the dwelling subject to the mortgage under this section is located”. Federal Deposit Insurance Corporation.— (1) Eligible condominium property.— Section 40(p)(4) of the Federal Deposit Insurance Act (12 U.S.C. 1831q(p)(4)) is amended by striking subparagraph (B) and inserting the following new subparagraph: “(B) that has an appraised value that does not exceed the applicable dollar amount specified in the first sentence of section 203(b)(2) of the National Housing Act, as such dollar amount is increased on an area-by-area basis under such section for areas with high prevailing housing sales prices, except that for purposes of this paragraph no such increase may exceed 150 percent of the dollar amount specified in section 203(b)(2).”. (2) Eligible multifamily housing property.—Section 40(p)(5) of the Federal Deposit Insurance Act (12 U.S.C. 1831q(p)(5)) is amended by striking subparagraph (B) and inserting the following new subparagraph: “(B) that has an appraised value that does not exceed the applicable dollar amount specified in section 221(d)(3)(ii) of the National Housing Act for elevator-type structures, as such dollar amount is increased under such section for geographical areas or on a project-by-project basis (except that any such increase on a project-by-project basis shall be made pursuant to a determination by the Corporation that such increase is necessary).”. (3) Eligible single family project.— Section 40(p)(7) of the Federal Deposit Insurance Act (12 U.S.C. 1831q(p)(7)) is amended by striking subparagraph (B) and inserting the following new subparagraph: “(B) that has an appraised value that does not exceed the applicable dollar amount specified in the first sentence of section 203(b)(2) of the National Housing Act, as such dollar amount is increased on an area-by-area basis under such section for areas with high prevailing housing sales prices, except that for purposes of this paragraph no such increase may exceed 150 percent of the dollar amount specified in section 203(b)(2).”. Section 2(b)(1) of the National Housing Act (12 U.S.C. 1703(b)(D) is amended by striking subparagraphs (C), (D), and (E) and inserting the following new subparagraphs: “(C) 70 percent of the median 1-family house price in the area, as determined by the Secretary under section 203(b)(2), if made for the purpose of financing the purchase of a manufactured home; “(D) 80 percent of the median 1-family house price in the area, as determined by the Secretary under section 203(b)(2), if made for the purpose of financing the purchase of a manufactured home and a suitably developed lot on which to place the home; “(E) the greater of (i) 20 percent of the median 1-family house price in the area, as determined by the Secretary under section 203(b)(2), or (ii) $13,500, if made for the purpose of financing the purchase, by an owner of a manufactured home which is the principal residence of the owner, of a suitably developed lot on which to place that manufactured home, and if the owner certifies that the owner will place the manufactured home on the lot acquired with such loan within 6 months after the date of such loan;”. Section 203(b)(2) of the National Housing Act (12 U.S.C. 1709(b)(2)) is amended by inserting after the period at the end the following new sentence: “Notwithstanding the authority of the Secretary to establish the terms of insurance under this section and approve the initial service charges, appraisal, inspection, and other fees (and subject to any other limitations under this section on the amount of a principal obligation), the Secretary may not (by regulation or otherwise) limit the percentage or amount of any such approved charges and fees that may be included in the principal obligation of a mortgage.”. Notwithstanding any other provision of this or any other Act with respect to any fiscal year, the Office of Lead-Based Paint Abatement and Poisoning Prevention shall be contained within the Office of the Secretary, and said Office shall have ultimate responsibility within the Department of Housing and Urban Devel-opment, except for the Secretary, for all matters related to the abatement of lead in housing, and research related to lead abatement, consistent with the responsibilities outlined for the Office in Senate Report 102–107. Notwithstanding section 571(b) of the National Affordable Housing Act of 1990, the Department shall revise its fiscal year 1992 notice of fund availability for public housing development/major reconstruction of obsolete projects (Federal Register, June 18, 1992, 27330 et seq.) so that there contains no limitation on the amount of these funds available for public housing replacement activities. The fair market rentals for the Salt Lake City—Ogden, Utah, metropolitan statistical area that took effect as of October 1, 1991 (56 Fed. Reg. 49024, 49072, September 26, 1991) shall remain in effect until October 1, 1993, notwithstanding the requirements of section 8(c)(1) of the United States Housing Act of 1937 (42 U.S.C. 1437f) or any publication in the Federal Register in implementation of such section. With respect to two projects of the United Cerebral Palsy of New Jersey, Inc., which are located in Newark and Teaneck, New Jersey, and are to be assisted under section 811 (project numbers 031–EH244/NJ39–T881–001 and 031–EH231), the Secretary of Housing and Urban Development shall extend the fund reservations for a reasonable period sufficient to permit final closing to take place and shall increase the reservation of project rental assistance to an amount sufficient to cover the reasonable operating expenses of these projects. Rehabilitation activities undertaken by the Committee for Dignity and Fairness for the Homeless Housing Development, Inc., in connection with 46 dwelling units that were renovated for permanent housing for the homeless and that are located in Philadelphia, Pennsylvania, shall be deemed to have been conducted pursuant to an agreement with the Secretary of Housing and Urban Development under clause (ii) of the third sentence of section 8(d)(2)(A) of the United States Housing Act of 1937 (42 U.S.C. 1437f(d)(2)(A)). Notwithstanding any other provision of the law, the Secretary of Housing and Urban Development shall immediately forego and forbear from all efforts to recapture funding, by means of offset or reduction, against current or future subsidy, or other means, from the Housing Authority of the City of Seattle based on a finding pertaining to tenant utility allowances contained in the Office of Inspector General Report 86–SE–201–1003, dated February 21, 1986, and shall restore any funds previously recaptured. The Secretary of Housing and Urban Development shall cancel the indebtedness of the town of McLain, Mississippi, relating to the public facilities loan (Project No. MIS–22–PFL0094). The town of McLain, Mississippi, is relieved of all liability to the Government for the outstanding principal balance on such loan, for the amount of accrued interest on such loan, and for any other fees and charges payable in connection with such loan.

111. 1992

     Residential Lead-Based Paint Hazard Reduction Act of 1992

     Pub. L. 102–550 § 1012(k)(1) · 106 Stat. 3672

     Inserted · 12 U.S.C. § 1703(a)

     Pub. L. 102–550, § 1012(k)(1), which directed amendment of fifth undesignated par. by inserting “Alterations, repairs, and improvements upon or in connection with existing structures may also include the evaluation and reduction of lead-based paint hazards.”, and by adding par. (4), was executed to fourth undesignated par. to reflect the probable intent of Congress

     Source evidence

     Code amendment note
     Subsec. (a). Pub. L. 102–550, § 1012(k)(1), which directed amendment of fifth undesignated par. by inserting “Alterations, repairs, and improvements upon or in connection with existing structures may also include the evaluation and reduction of lead-based paint hazards.”, and by adding par. (4), was executed to fourth undesignated par. to reflect the probable intent of Congress.

     Enacted provision · exact public law section
     (1) Home improvement loans.— Section 2(a) of the National Housing Act (12 U.S.C. 1703(a)) is amended in the fifth paragraph— (A) by inserting after the first sentence the following: “Alterations, repairs, and improvements upon or in connec-tion with existing structures may also include the evaluation and reduction of lead-based paint hazards.”; and (B) by adding at the end the following: “(4) the terms ‘evaluation’, ‘reduction’, and ‘lead-based paint hazard’ have the same meanings given those terms in section 1004 of the Residential Lead-Based Paint Hazard Reduction Act of 1992.”.

112. 1992

     Housing and Community Development Act of 1992

     Pub. L. 102–550 § 503(c)(1) · 106 Stat. 3672

     1. Added · 12 U.S.C. § 1703(b)(1)(C)(E)

        Pub. L. 102–550, § 503(c)(1), added subpars. (C) to (E)

     2. Struck · 12 U.S.C. § 1703(b)(1)(C)(E)

        Pub. L. 102–550, § 503(c)(1), struck out former subpars. (C) to (E) which read as follows:

     Source evidence

     Code amendment note
     Subsec. (b)(1)(C) to (E). Pub. L. 102–550, § 503(c)(1), added subpars. (C) to (E) and struck out former subpars. (C) to (E) which read as follows:

     “(C) 70 percent of the median 1-family house price in the area, as determined by the Secretary under section 1709(b)(2) of this title, if made for the purpose of financing the purchase of a manufactured home; “(D) 80 percent of the median 1-family house price in the area, as determined by the Secretary under section 1709(b)(2) of this title, if made for the purpose of financing the purchase of a manufactured home and a suitably developed lot on which to place the home; “(E) the greater of (i) 20 percent of the median 1-family house price in the area, as determined by the Secretary under section 1709(b)(2) of this title, or (ii) $13,500, if made for the purpose of financing the purchase, by an owner of a manufactured home which is the principal residence of the owner, of a suitably developed lot on which to place that manufactured home, and if the owner certifies that the owner will place the manufactured home on the lot acquired with such loan within 6 months after the date of such loan;”.

     Enacted provision · exact public law section
     (1) Title I.—Loans.— Notwithstanding any other provision of law, section 2(b)(1) of the National Housing Act (12 U.S.C. I703(b)(1) is amended by striking subparagraphs (C), (D), and (E) and inserting the following new subparagraphs: “(C) $48,600 if made for the purpose of financing the purchase of a manufactured home; “(D) $64,800 if made for the purpose of financing the Íiurchase of a manufactured home and a suitably developed lot on which to place the home; and “(E) $16,200 if made for the purpose of financing the purchase, by an owner of a manufactured home which is the principal residence of that owner, of a suitably developed lot on which to place that manufactured home, and if the owner certifies that he or she will place the manufactured home on the lot acquired with such loan within 6 months after the date of such loan.”.

113. 2000

     American Homeownership and Economic Opportunity Act of 2000

     Pub. L. 106–569 title IX § 901 · 114 Stat. 2944

     Substituted · 12 U.S.C. § 1703(b)(3)(E)

     Pub. L. 106–569 substituted “twenty years” for “fifteen years”

     Source evidence

     Code amendment note
     Subsec. (b)(3)(E). Pub. L. 106–569 substituted “twenty years” for “fifteen years”.

     Enacted provision · exact public law section
     SEC. 901. EXTENSION OF LOAN TERM FOR MANUFACTURED HOME LOTS. Section 2(b)(3)(E) of the National Housing Act (12 U.S.C. 1703(b)(3)(E)) is amended by striking “fifteen” and inserting “twenty”.

114. 2008

     FHA Manufactured Housing Loan Modernization Act of 2008

     Pub. L. 110–289 § 2147(a) · 122 Stat. 2654

     1. Struck · 12 U.S.C. § 1703(a)

        Pub. L. 110–289, § 2147(a), in first undesignated par., struck out “on and after July 1, 1939,” after “made by them” and after “institution for such purposes”

     2. Struck · 12 U.S.C. § 1703(a)

        Pub. L. 110–289, § 2147(a), in first undesignated par., struck out “made after August 2, 1954” after “credit, or purchase”

     Source evidence

     Code amendment note
     Subsec. (a). Pub. L. 110–289, § 2147(a), in first undesignated par., struck out “on and after July 1, 1939,” after “made by them” and after “institution for such purposes” and struck out “made after August 2, 1954” after “credit, or purchase”.

     Enacted provision · exact public law section
     (a) Dates.— Subsection (a) of section 2 of the National Housing Act (12 U.S.C. 1703(a)) is amended— (1) by striking “on and after July 1, 1939,” each place such term appears; and (2) by striking “made after the effective date of the Housing Act of 1954”.

     Effective date note
     Pub. L. 110–289, div. B, title I, § 2144(b), July 30, 2008, 122 Stat. 2844, provided that: “The amendment made by subsection (a) [amending this section] shall only apply to loans that are registered or endorsed for insurance after the date of the enactment of this title [July 30, 2008].”

115. 2008

     FHA Manufactured Housing Loan Modernization Act of 2008

     Pub. L. 110–289 § 2143 · 122 Stat. 2654

     1. Substituted · 12 U.S.C. § 1703(a)

        Pub. L. 110–289, § 2143, in first undesignated par., substituted “Other than in connection with a manufactured home or a lot on which to place such a home (or both), in no case” for “In no case”

     2. Substituted · 12 U.S.C. § 1703(a)

        Pub. L. 110–289, § 2143, in first undesignated par., substituted “. With” for “: Provided, That with”

     Target inherited from the preceding amendment note.

     Source evidence

     Code amendment note
     Pub. L. 110–289, § 2143, in first undesignated par., substituted “Other than in connection with a manufactured home or a lot on which to place such a home (or both), in no case” for “In no case” and “. With” for “: Provided, That with”.

     Enacted provision · exact public law section
     SEC. 2143. EXCEPTION TO LIMITATION ON FINANCIAL INSTITUTION PORTFOLIO.   The second sentence of section 2(a) of the National Housing Act (12 U.S.C. 1703(a)) is amended— (1) by striking “In no case” and inserting “Other than in connection with a manufactured home or a lot on which to place such a home (or both), in no case”; and (2) by striking “: Provided, That with” and inserting “. With”.

     Effective date note
     Pub. L. 110–289, div. B, title I, § 2144(b), July 30, 2008, 122 Stat. 2844, provided that: “The amendment made by subsection (a) [amending this section] shall only apply to loans that are registered or endorsed for insurance after the date of the enactment of this title [July 30, 2008].”

116. 2008

     FHA Manufactured Housing Loan Modernization Act of 2008

     Pub. L. 110–289 § 2145(c) · 122 Stat. 2654

     1. Substituted · 12 U.S.C. § 1703(b)(1)

        Pub. L. 110–289, § 2145(c), substituted “Except as provided in the last sentence of this paragraph, no” for “No” in introductory provisions

     2. Inserted · 12 U.S.C. § 1703(b)(1)

        Pub. L. 110–289, § 2145(c), inserted concluding provisions

     Source evidence

     Code amendment note
     Subsec. (b)(1). Pub. L. 110–289, § 2145(c), substituted “Except as provided in the last sentence of this paragraph, no” for “No” in introductory provisions and inserted concluding provisions.

     Enacted provision · exact public law section
     (c) Technical and Conforming Changes.— Paragraph (1) of section 2(b) of the National Housing Act (12 U.S.C. 1703(b)(1)) is amended— (1) by striking “No” and inserting “Except as provided in the last sentence of this paragraph, no”; and (2) by adding after and below subparagraph (G) the following:    Regulations. “The Secretary shall, by regulation, annually increase the dollar amount limitations in subparagraphs (A)(ii), (C), (D), and (E) (as such limitations may have been previously adjusted under this sentence) in accordance with the index established pursuant to paragraph (9).” .

     Effective date note
     Pub. L. 110–289, div. B, title I, § 2144(b), July 30, 2008, 122 Stat. 2844, provided that: “The amendment made by subsection (a) [amending this section] shall only apply to loans that are registered or endorsed for insurance after the date of the enactment of this title [July 30, 2008].”

117. 2008

     FHA Manufactured Housing Loan Modernization Act of 2008

     Pub. L. 110–289 § 2145(a)(1) · 122 Stat. 2654

     Substituted · 12 U.S.C. § 1703(b)(1)(A)(ii)

     Pub. L. 110–289, § 2145(a)(1), substituted “$25,090” for “$17,500”

     Source evidence

     Code amendment note
     Subsec. (b)(1)(A)(ii). Pub. L. 110–289, § 2145(a)(1), substituted “$25,090” for “$17,500”.

     Enacted provision · exact public law section
     (1) in clause (ii) of subparagraph (A), by striking “$17,500” and inserting “$25,090”;

     Effective date note
     Pub. L. 110–289, div. B, title I, § 2144(b), July 30, 2008, 122 Stat. 2844, provided that: “The amendment made by subsection (a) [amending this section] shall only apply to loans that are registered or endorsed for insurance after the date of the enactment of this title [July 30, 2008].”

118. 2008

     FHA Manufactured Housing Loan Modernization Act of 2008

     Pub. L. 110–289 § 2145(a)(2) · 122 Stat. 2654

     1. Substituted · 12 U.S.C. § 1703(b)(1)(C)(E)

        Pub. L. 110–289, § 2145(a)(2)–(5), realigned margins and substituted “$69,678” for “$48,600” in subpar. (E)

     2. Substituted · 12 U.S.C. § 1703(b)(1)(C)(E)

        Pub. L. 110–289, § 2145(a)(2)–(5), realigned margins and substituted “$92,904” for “$64,800” in subpar. (E)

     3. Substituted · 12 U.S.C. § 1703(b)(1)(C)(E)

        Pub. L. 110–289, § 2145(a)(2)–(5), realigned margins and substituted “$23,226” for “$16,200” in subpar. (E)

     Source evidence

     Code amendment note
     Subsec. (b)(1)(C) to (E). Pub. L. 110–289, § 2145(a)(2)–(5), realigned margins and substituted “$69,678” for “$48,600” in subpar. (C), “$92,904” for “$64,800” in subpar. (D), and “$23,226” for “$16,200” in subpar. (E).

     Enacted provision · exact public law section
     (2) in subparagraph (C) by striking “$48,600” and inserting “$69,678”;

     Effective date note
     Pub. L. 110–289, div. B, title I, § 2144(b), July 30, 2008, 122 Stat. 2844, provided that: “The amendment made by subsection (a) [amending this section] shall only apply to loans that are registered or endorsed for insurance after the date of the enactment of this title [July 30, 2008].”

119. 2008

     FHA Manufactured Housing Loan Modernization Act of 2008

     Pub. L. 110–289 § 2144(a) · 122 Stat. 2654

     Added · 12 U.S.C. § 1703(b)(8)

     Pub. L. 110–289, § 2144(a), added par. (8)

     Source evidence

     Code amendment note
     Subsec. (b)(8). Pub. L. 110–289, § 2144(a), added par. (8).

     Enacted provision · exact public law section
     (a) In General.— Subsection (b) of section 2 of the National Housing Act (12 U.S.C. 1703(b)), is amended by adding at the end the following new paragraph: “(8) Insurance benefits for manufactured housing loans.— Any contract of insurance with respect to loans, advances of credit, or purchases in connection with a manufactured home or a lot on which to place a manufactured home (or both) for a financial institution that is executed under this title after the date of the enactment of the FHA Manufactured Housing Loan Modernization Act of 2008 by the Secretary shall be conclusive evidence of the eligibility of such financial institution for insurance, and the validity of any contract of insurance so executed shall be incontestable in the hands of the bearer from the date of the execution of such contract, except for fraud or misrepresentation on the part of such institution.” .

     Effective date note
     Pub. L. 110–289, div. B, title I, § 2144(b), July 30, 2008, 122 Stat. 2844, provided that: “The amendment made by subsection (a) [amending this section] shall only apply to loans that are registered or endorsed for insurance after the date of the enactment of this title [July 30, 2008].”

120. 2008

     FHA Manufactured Housing Loan Modernization Act of 2008

     Pub. L. 110–289 § 2145(b) · 122 Stat. 2654

     Added · 12 U.S.C. § 1703(b)(9)

     Pub. L. 110–289, § 2145(b), added par. (9)

     Source evidence

     Code amendment note
     Subsec. (b)(9). Pub. L. 110–289, § 2145(b), added par. (9).

     Enacted provision · exact public law section
     (b) Annual Indexing.— Subsection (b) of section 2 of the National Housing Act (12 U.S.C. 1703(b)), as amended by the preceding provisions of this title, is further amended by adding at the end the following new paragraph: “(9) Annual indexing of manufactured housing loans.— The Secretary shall develop a method of indexing in order to annually adjust the loan limits established in subparagraphs (A)(ii), (C), (D), and (E) of this subsection. Such index shall be based on the manufactured housing price data collected by the United States Census Bureau. Deadline. The Secretary shall establish such index no later than 1 year after the date of the enactment of the FHA Manufactured Housing Loan Modernization Act of 2008.”

     Effective date note
     Pub. L. 110–289, div. B, title I, § 2144(b), July 30, 2008, 122 Stat. 2844, provided that: “The amendment made by subsection (a) [amending this section] shall only apply to loans that are registered or endorsed for insurance after the date of the enactment of this title [July 30, 2008].”

121. 2008

     FHA Manufactured Housing Loan Modernization Act of 2008

     Pub. L. 110–289 § 2148(a) · 122 Stat. 2654

     Added · 12 U.S.C. § 1703(b)(10)

     Pub. L. 110–289, § 2148(a), added par. (10)

     Source evidence

     Code amendment note
     Subsec. (b)(10). Pub. L. 110–289, § 2148(a), added par. (10).

     Enacted provision · exact public law section
     (a) In General.— Subsection (b) of section 2 of the National Housing Act (12 U.S.C. 1703(b)), as amended by the preceding provisions of this title, is further amended by adding at the end the following new paragraph: “(10) Financial soundness of manufactured housing program.— The Secretary shall establish such underwriting criteria for loans and advances of credit in connection with a manufactured home or a lot on which to place a manufactured home (or both), including such loans and advances represented by obligations purchased by financial institutions, as may be necessary to ensure that the program under this title for insurance for financial institutions against losses from such loans, advances of credit, and purchases is financially sound.” .

     Effective date note
     Pub. L. 110–289, div. B, title I, § 2144(b), July 30, 2008, 122 Stat. 2844, provided that: “The amendment made by subsection (a) [amending this section] shall only apply to loans that are registered or endorsed for insurance after the date of the enactment of this title [July 30, 2008].”

122. 2008

     FHA Manufactured Housing Loan Modernization Act of 2008

     Pub. L. 110–289 § 2150 · 122 Stat. 2654

     Added · 12 U.S.C. § 1703(b)(11)

     Pub. L. 110–289, § 2150, added par. (11)

     Source evidence

     Code amendment note
     Subsec. (b)(11). Pub. L. 110–289, § 2150, added par. (11).

     Enacted provision · exact public law section
     SEC. 2150. LEASEHOLD REQUIREMENTS.   Subsection (b) of section 2 of the National Housing Act (12 U.S.C. 1703(b)), as amended by the preceding provisions of this title, is further amended by adding at the end the following new paragraph: “(11) Leasehold requirements.— No insurance shall be granted under this section to any such financial institution with respect to any obligation representing any such loan, advance of credit, or purchase by it, made for the purposes of financing a manufactured home which is intended to be situated in a manufactured home community pursuant to a lease, unless such lease— “(A) expires not less than 3 years after the origination date of the obligation; “(B) is renewable upon the expiration of the original 3 year term by successive 1 year terms; and “(C) requires the lessor to provide the lessee written notice of termination of the lease not less than 180 days prior to the expiration of the current lease term in the event the lessee is required to move due to the closing of the manufactured home community, and further provides that failure to provide such notice to the mortgagor in a timely manner will cause the lease term, at its expiration, to automatically renew for an additional 1 year term.” .

     Effective date note
     Pub. L. 110–289, div. B, title I, § 2144(b), July 30, 2008, 122 Stat. 2844, provided that: “The amendment made by subsection (a) [amending this section] shall only apply to loans that are registered or endorsed for insurance after the date of the enactment of this title [July 30, 2008].”

123. 2008

     FHA Manufactured Housing Loan Modernization Act of 2008

     Pub. L. 110–289 § 2147(b) · 122 Stat. 2654

     Amended · 12 U.S.C. § 1703(c)

     Pub. L. 110–289, § 2147(b), amended subsec. (c) generally. Prior to amendment, subsec. (c) related to the Secretary’s powers with respect to any debt, contract, claim, personal property, or security assigned or held in connection with the payment of insurance

     Source evidence

     Code amendment note
     Subsec. (c). Pub. L. 110–289, § 2147(b), amended subsec. (c) generally. Prior to amendment, subsec. (c) related to the Secretary’s powers with respect to any debt, contract, claim, personal property, or security assigned or held in connection with the payment of insurance.

     Enacted provision · exact public law section
     (b) Authority of Secretary.— Subsection (c) of section 2 of the National Housing Act (12 U.S.C. 1703(c)) is amended to read as follows: “(c) Handling and Disposal of Property.— “(1) Authority of secretary.— Notwithstanding any other provision of law, the Secretary may— “(A) deal with, complete, rent, renovate, modernize, insure, or assign or sell at public or private sale, or otherwise dispose of, for cash or credit in the Secretary’s discretion, and upon such terms and conditions and for such consideration as the Secretary shall determine to be reasonable, any real or personal property conveyed to or otherwise acquired by the Secretary, in connection with the payment of insurance heretofore or hereafter granted under this title, including any evidence of debt, contract, claim, personal property, or security assigned to or held by him in connection with the payment of insurance heretofore or hereafter granted under this section; and “(B) pursue to final collection, by way of compromise or otherwise, all claims assigned to or held by the Secretary and all legal or equitable rights accruing to the Secretary in connection with the payment of such insurance, including unpaid insurance premiums owed in connection with insurance made available by this title. “(2) Advertisements for proposals.— Section 3709 of the Revised Statutes shall not be construed to apply to any contract of hazard insurance or to any purchase or contract for services or supplies on account of such property if the amount thereof does not exceed $25,000. “(3) Delegation of authority.— The power to convey and to execute in the name of the Secretary, deeds of conveyance, deeds of release, assignments and satisfactions of mortgages, and any other written instrument relating to real or personal property or any interest therein heretofore or hereafter acquired by the Secretary pursuant to the provisions of this title may be exercised by an officer appointed by the Secretary without the execution of any express delegation of power or power of attorney. Nothing in this subsection shall be construed to prevent the Secretary from delegating such power by order or by power of attorney, in the Secretary’s discretion, to any officer or agent the Secretary may appoint.” .

     Effective date note
     Pub. L. 110–289, div. B, title I, § 2144(b), July 30, 2008, 122 Stat. 2844, provided that: “The amendment made by subsection (a) [amending this section] shall only apply to loans that are registered or endorsed for insurance after the date of the enactment of this title [July 30, 2008].”

124. 2008

     FHA Manufactured Housing Loan Modernization Act of 2008

     Pub. L. 110–289 § 2146 · 122 Stat. 2654

     1. Amended · 12 U.S.C. § 1703(f)

        Pub. L. 110–289, § 2146, designated existing provisions as par. (1)

     2. Inserted · 12 U.S.C. § 1703(f)

        Pub. L. 110–289, § 2146, inserted heading

     3. Added · 12 U.S.C. § 1703(f)

        Pub. L. 110–289, § 2146, added par. (2)

     Source evidence

     Code amendment note
     Subsec. (f). Pub. L. 110–289, § 2146, designated existing provisions as par. (1), inserted heading, and added par. (2).

     Enacted provision · exact public law section
     SEC. 2146. INSURANCE PREMIUMS.   Subsection (f) of section 2 of the National Housing Act (12 U.S.C. 1703(f)) is amended— (1) by inserting “(1) Premium charges.—” after “(f)”; and (2) by adding at the end the following new paragraph: “(2) Manufactured Home Loans.— Notwithstanding paragraph (1), in the case of a loan, advance of credit, or purchase in connection with a manufactured home or a lot on which to place such a home (or both), the premium charge for the insurance granted under this section shall be paid by the borrower under the loan or advance of credit, as follows: “(A) At the time of the making of the loan, advance of credit, or purchase, a single premium payment in an amount not to exceed 2.25 percent of the amount of the original insured principal obligation. “(B) In addition to the premium under subparagraph (A), annual premium payments during the term of the loan, advance, or obligation purchased in an amount not exceeding 1.0 percent of the remaining insured principal balance (excluding the portion of the remaining balance attributable to the premium collected under subparagraph (A) and without taking into account delinquent payments or prepayments). “(C) Premium charges under this paragraph shall be established in amounts that are sufficient, but do not exceed the minimum amounts necessary, to maintain a negative credit subsidy for the program under this section for insurance of loans, advances of credit, or purchases in connection with a manufactured home or a lot on which to place such a home (or both), as determined based upon risk to the Federal Government under existing underwriting requirements. “(D) The Secretary may increase the limitations on premium payments to percentages above those set forth in subparagraphs (A) and (B), but only if necessary, and not in excess of the minimum increase necessary, to maintain a negative credit subsidy as described in subparagraph (C).” .

     Effective date note
     Pub. L. 110–289, div. B, title I, § 2144(b), July 30, 2008, 122 Stat. 2844, provided that: “The amendment made by subsection (a) [amending this section] shall only apply to loans that are registered or endorsed for insurance after the date of the enactment of this title [July 30, 2008].”

125. 2026

     Pub. L. 119–101 § 303(a)(1)(A) · 140 Stat. 892

     Inserted · 12 U.S.C. § 1703(a)

     Pub. L. 119–101, § 303(a)(1)(A), inserted “construction of additional or accessory dwelling units, as defined by the Secretary,” after “energy conserving improvements,” in fourth undesignated par

     Unresolved: Pub. L. 119–101 was not found in the local Statutes at Large index.

     Source evidence

     Code amendment note
     Subsec. (a). Pub. L. 119–101, § 303(a)(1)(A), inserted “construction of additional or accessory dwelling units, as defined by the Secretary,” after “energy conserving improvements,” in fourth undesignated par.

126. 2026

     Pub. L. 119–101 § 303(a)(1)(B)(ii) · 140 Stat. 892

     1. Substituted · 12 U.S.C. § 1703(b)(1)

        Pub. L. 119–101, § 303(a)(1)(B)(ii), in concluding provisions, substituted “notice” for “regulation” ; inserted “, or as necessary to achieve the goals of the Federal Housing Administration, periodically reset the dollar amount limitations in subparagraphs (A) through (H) based on justification and methodology set forth in advance by regulation” before period at end; and realigned margins

     2. Substituted · 12 U.S.C. § 1703(b)(1)

        Pub. L. 119–101, § 303(a)(1)(B)(ii), in concluding provisions, substituted “set” for “increase” ; inserted “, or as necessary to achieve the goals of the Federal Housing Administration, periodically reset the dollar amount limitations in subparagraphs (A) through (H) based on justification and methodology set forth in advance by regulation” before period at end; and realigned margins

     3. Substituted · 12 U.S.C. § 1703(b)(1)

        Pub. L. 119–101, § 303(a)(1)(B)(ii), in concluding provisions, substituted “(A) through (H)” for “(A)(ii), (C), (D), and (E)” ; inserted “, or as necessary to achieve the goals of the Federal Housing Administration, periodically reset the dollar amount limitations in subparagraphs (A) through (H) based on justification and methodology set forth in advance by regulation” before period at end; and realigned margins

     Unresolved: Pub. L. 119–101 was not found in the local Statutes at Large index.

     Source evidence

     Code amendment note
     Subsec. (b)(1). Pub. L. 119–101, § 303(a)(1)(B)(ii), in concluding provisions, substituted “notice” for “regulation”, “set” for “increase”, and “(A) through (H)” for “(A)(ii), (C), (D), and (E)”; inserted “, or as necessary to achieve the goals of the Federal Housing Administration, periodically reset the dollar amount limitations in subparagraphs (A) through (H) based on justification and methodology set forth in advance by regulation” before period at end; and realigned margins.

127. 2026

     Pub. L. 119–101 § 303(a)(1)(B)(i)(I) · 140 Stat. 892

     1. Added · 12 U.S.C. § 1703(b)(1)(A)

        Pub. L. 119–101, § 303(a)(1)(B)(i)(I), added subpar. (A)

     2. Struck · 12 U.S.C. § 1703(b)(1)(A)

        Pub. L. 119–101, § 303(a)(1)(B)(i)(I), struck out former subpar. (A) which read as follows:

     Unresolved: Pub. L. 119–101 was not found in the local Statutes at Large index.

     Source evidence

     Code amendment note
     Subsec. (b)(1)(A). Pub. L. 119–101, § 303(a)(1)(B)(i)(I), added subpar. (A) and struck out former subpar. (A) which read as follows:

     “(A)(i) $25,000 if made for the purpose of financing alterations, repairs and improvements upon or in connection with existing single-family structures; and “(ii) $25,090 if made for the purpose of financing alterations, repairs and improvements upon or in connection with existing manufactured homes;”.

128. 2026

     Pub. L. 119–101 § 303(a)(1)(B)(i)(II) · 140 Stat. 892

     1. Substituted · 12 U.S.C. § 1703(b)(1)(B)

        Pub. L. 119–101, § 303(a)(1)(B)(i)(II), substituted “$150,000” for “$60,000”

     2. Substituted · 12 U.S.C. § 1703(b)(1)(B)

        Pub. L. 119–101, § 303(a)(1)(B)(i)(II), substituted “$37,500” for “$12,000”

     3. Struck · 12 U.S.C. § 1703(b)(1)(B)

        Pub. L. 119–101, § 303(a)(1)(B)(i)(II), struck out “an apartment house or” before “a dwelling for two or more families”

     Unresolved: Pub. L. 119–101 was not found in the local Statutes at Large index.

     Source evidence

     Code amendment note
     Subsec. (b)(1)(B). Pub. L. 119–101, § 303(a)(1)(B)(i)(II), substituted “$150,000” for “$60,000” and “$37,500” for “$12,000” and struck out “an apartment house or” before “a dwelling for two or more families”.

129. 2026

     Pub. L. 119–101 § 303(a)(1)(B)(i)(III) · 140 Stat. 892

     1. Added · 12 U.S.C. § 1703(b)(1)(C); 12 U.S.C. § 1703(b)(1)(D)

        Pub. L. 119–101, § 303(a)(1)(B)(i)(III), added subpars. (C) and (D)

     2. Struck · 12 U.S.C. § 1703(b)(1)(C); 12 U.S.C. § 1703(b)(1)(D)

        Pub. L. 119–101, § 303(a)(1)(B)(i)(III), struck out former subpars. (C) and (D) which read as follows:

     Unresolved: Pub. L. 119–101 was not found in the local Statutes at Large index.

     Source evidence

     Code amendment note
     Subsec. (b)(1)(C), (D). Pub. L. 119–101, § 303(a)(1)(B)(i)(III), added subpars. (C) and (D) and struck out former subpars. (C) and (D) which read as follows:

     “(C) $69,678 if made for the purpose of financing the purchase of a manufactured home; “(D) $92,904 if made for the purpose of financing the purchase of a manufactured home and a suitably developed lot on which to place the home; and”.

130. 2026

     Pub. L. 119–101 § 303(a)(1)(B)(i)(IV) · 140 Stat. 892

     Substituted · 12 U.S.C. § 1703(b)(1)(E)

     Pub. L. 119–101, § 303(a)(1)(B)(i)(IV), substituted “$43,377” for “$23,226” and semicolon for period at end

     Unresolved: Pub. L. 119–101 was not found in the local Statutes at Large index.

     Source evidence

     Code amendment note
     Subsec. (b)(1)(E). Pub. L. 119–101, § 303(a)(1)(B)(i)(IV), substituted “$43,377” for “$23,226” and semicolon for period at end.

131. 2026

     Pub. L. 119–101 § 303(a)(1)(B)(i)(V) · 140 Stat. 892

     Added · 12 U.S.C. § 1703(b)(1)(H)

     Pub. L. 119–101, § 303(a)(1)(B)(i)(V)–(VII), added subpar. (H)

     Unresolved: Pub. L. 119–101 was not found in the local Statutes at Large index.

     Source evidence

     Code amendment note
     Subsec. (b)(1)(H). Pub. L. 119–101, § 303(a)(1)(B)(i)(V)–(VII), added subpar. (H).

132. 2026

     Pub. L. 119–101 § 303(a)(1)(B)(iii) · 140 Stat. 892

     Substituted · 12 U.S.C. § 1703(b)(3)

     Pub. L. 119–101, § 303(a)(1)(B)(iii), substituted “exceeds such period of time as determined by the Secretary, not to exceed 30 years.” for “exceeds—” and subpars. (A) to (H) which related to limitations on the term to maturity and purpose of loans, advances of credit, and purchases

     Unresolved: Pub. L. 119–101 was not found in the local Statutes at Large index.

     Source evidence

     Code amendment note
     Subsec. (b)(3). Pub. L. 119–101, § 303(a)(1)(B)(iii), substituted “exceeds such period of time as determined by the Secretary, not to exceed 30 years.” for “exceeds—” and subpars. (A) to (H) which related to limitations on the term to maturity and purpose of loans, advances of credit, and purchases.

133. 2026

     Pub. L. 119–101 § 303(a)(1)(B)(iv) · 140 Stat. 892

     1. Added · 12 U.S.C. § 1703(b)(9)

        Pub. L. 119–101, § 303(a)(1)(B)(iv), added par. (9)

     2. Struck · 12 U.S.C. § 1703(b)(9)

        Pub. L. 119–101, § 303(a)(1)(B)(iv), struck out former par. (9). Prior to amendment, text read as follows: “The Secretary shall develop a method of indexing in order to annually adjust the loan limits established in subparagraphs (A)(ii), (C), (D), and (E) of this subsection. Such index shall be based on the manufactured housing price data collected by the United States Census Bureau. The Secretary shall establish such index no later than 1 year after July 30, 2008.”

     Unresolved: Pub. L. 119–101 was not found in the local Statutes at Large index.

     Source evidence

     Code amendment note
     Subsec. (b)(9). Pub. L. 119–101, § 303(a)(1)(B)(iv), added par. (9) and struck out former par. (9). Prior to amendment, text read as follows: “The Secretary shall develop a method of indexing in order to annually adjust the loan limits established in subparagraphs (A)(ii), (C), (D), and (E) of this subsection. Such index shall be based on the manufactured housing price data collected by the United States Census Bureau. The Secretary shall establish such index no later than 1 year after July 30, 2008.”

134. 2026

     Pub. L. 119–101 § 303(a)(1)(B)(v) · 140 Stat. 892

     Substituted · 12 U.S.C. § 1703(b)(11)

     Pub. L. 119–101, § 303(a)(1)(B)(v), substituted “lease meets the terms and conditions established by the Secretary” for “lease—” and subpars. (A) to (C) which related to lease expiration, renewal, and notice of termination

     Unresolved: Pub. L. 119–101 was not found in the local Statutes at Large index.

     Source evidence

     Code amendment note
     Subsec. (b)(11). Pub. L. 119–101, § 303(a)(1)(B)(v), substituted “lease meets the terms and conditions established by the Secretary” for “lease—” and subpars. (A) to (C) which related to lease expiration, renewal, and notice of termination.

115 of 190 references resolved to an enrolled provision · 20 partial · 55 unresolved