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12 U.S.C. § 1469

Authority to invest in State housing corporations

United States · Title 12 — BANKS AND BANKING · Status: effective

Housing & Community Development
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12 U.S.C. § 1469, Authority to invest in State housing corporations, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437625
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Full text

The Congress finds that Federal savings and loan associations and national banks should have the authority to assist in financing the organization and operation of any State housing corporation established under the laws of the State in which the corporation will carry on its operation. It is the purpose of this section to provide a means whereby private financial institutions can assist in providing housing, particularly for families of low- or moderate-income, by purchasing stock of and investing in loans to any such State housing corporation situated in the particular State in which the Federal savings and loan association or national bank involved is located.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 93-100(H.R. 6370)1973-08-16
    An Act to extend certain laws relating to the payment of interest on time and savings deposits, to prohibit depository institutions from permitting negotiable orders of withdrawal to be made with respect to any deposit or account on which any interest or dividend is paid, to authorize Federal savings and loan associations and national banks to own stock in and invest in loans to certain State housing corporations, and for other purposes.
    House: no recorded tallySenate: no recorded tally