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42 U.S.C. § 12804

Rehabilitation loans

United States · Title 42 — THE PUBLIC HEALTH AND WELFARE · Status: effective

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42 U.S.C. § 12804, Rehabilitation loans, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/482969
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The Secretary shall make available a model program to provide direct loans to finance the rehabilitation of low and moderate income single family and multifamily residential properties. The Secretary shall establish terms and conditions to ensure that such loans are acceptable risks, taking into consideration the need for rehabilitation, the security for the loan and the ability of the borrower to repay the loan. The Secretary may establish the interest rate for loans under the model program, which shall include special interest rates for loans to borrowers with incomes below 80 percent of the area median income. Guidelines for the model program may require that the property—

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. 101-625(S. 566)1990-11-28
    Cranston-Gonzalez National Affordable Housing Act
    House: no recorded tallySenate: 93–6