42 U.S.C. § 12853
National Homeownership Trust Fund
United States · Title 42 — THE PUBLIC HEALTH AND WELFARE · Status: effective
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- Citation
- 42 U.S.C. § 12853, National Homeownership Trust Fund, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/482992
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Full text
There is established in the Treasury of the United States a revolving fund, to be known as the National Homeownership Trust Fund.
The Fund shall consist of—
The Fund shall, to the extent approved in appropriations Acts, be available to the Trust for purposes of carrying out this subchapter.
Any amounts in the Fund determined by the Trust to be in excess of the amounts currently required to carry out the provisions of this subchapter shall be invested by the Trust in obligations of, or obligations guaranteed as to both principal and interest by, the United States or any agency of the United States.
Using not more than $20,000,000 of any amounts appropriated for the Fund under section 12857 of this title in fiscal year 1991, the Secretary shall carry out demonstration programs for combining housing activities and economic development activities, as follows:
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.
- Cranston-Gonzalez National Affordable Housing ActHouse: no recorded tallySenate: 93–6