Title 42 — The Public Health and Welfare
Part A · Chapter 130 — National Affordable Housing
§ 12877. Exemption
Statutory text
Eligible property covered by a homeownership program approved under this part shall not be subject to—
the Low-Income Housing Preservation and Resident Homeownership Act of 1990 [12 U.S.C. 4101 et seq.], or
the requirements of section 1701z–11 of title 12 applicable to the sale of projects either at foreclosure or after acquisition by the Secretary.
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.
Homeownership and Opportunity Through HOPE Act
Pub. L. 101–625 title IV § 427 · 104 Stat. 4079
Enacted · 42 U.S.C. § 12877
(Pub. L. 101–625, title IV, § 427, Nov. 28, 1990, 104 Stat. 4171.)
Source evidence
Code source credit
(Pub. L. 101–625, title IV, § 427, Nov. 28, 1990, 104 Stat. 4171.)Enacted provision · exact public law section
SEC. 427. EXEMPTION. Eligible property covered by a homeownership program approved under this subtitle shall not be subject to— (1) the Low-Income Housing Preservation and Resident Homeownership Act of 1990, or (2) the requirements of section 203 of the Housing and Community Development Amendments of 1978 applicable to the sale of projects either at foreclosure or after acquisition by the Secretary.
1 of 1 references resolved to an enrolled provision
Editorial Notes
References in Text
The Low-Income Housing Preservation and Resident Homeownership Act of 1990, referred to in par. (1), is title II of Pub. L. 100–242, as amended by Pub. L. 101–625, title VI, § 601(a), , 104 Stat. 4249, which is classified principally to chapter 42 (§ 4101 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under section 4101 of Title 12 and Tables.