Basic Laws on Housing and Community Development, Revised Through December 31, 1994 (end of 103d Congress)

PREFACE

Contents.-This committee print replaces the edition of the
Basic Laws on Housing and Community Development dated Sep-
tember 30, 1991. As such, it contains the texts of the primary hous-
ing and community development laws within the jurisdiction of the
Committee on Banking, Finance and Urban Affairs of the House of
Representatives, as well as additional laws and materials of par-
ticular interest to members of the committee in considering legisla-
tion relating to housing and community development. The compila-
tion has been updated through December 31, 1994. It incorporates
the laws passed by the 102d and 103d Congress and includes the
major additions and revisions made to housing programs by the
Housing and Community Development Act of 1992, enacted Octo-
ber 28, 1992 (Public Law 102-550).

Organization. This committee print has been arranged in
parts, each of which deals with a broad subject area dealt with by
the Committee. Many of the subject areas utilized in organizing the
1991 edition have been retained, but additional subject areas have
been added to further assist the user. Part I contains the basic
laws on community development, including the community develop-
ment block grant program and the urban development action grant
program. Part II contains the laws regarding public housing and
the section 8 rental assistance program, including the United
States Housing Act of 1937. Part III contains the laws relating to
supportive housing, including supportive housing for elderly and
disabled persons. Part IV contains laws relating to other Federal
assistance for housing, including the HOME program, the low-in-
come housing preservation program, and the program for disposi-
tion of HUD-owner multifamily housing. Part V contains the laws
on homeownership assistance, including the National Homeowner-
ship Trust and the HOPE homeownership programs. Part VI con-
tains the Stewart B. McKinney Homeless Assistance Act and other
related laws on housing for the homeless. Part VII contains the
basic laws on FHA mortgage insurance, mortgage relief, and mort-
gage foreclosure. Part VIII contains laws relating to the secondary
market for mortgage loans, including FNMA, FHLMC, GNMA, and
FAMC. Part IX contains the basic laws on rural housing, including
the FmHA housing assistance programs under title V of the Hous-
ing Act of 1949. Part X contains laws establishing various regu-
latory programs, such as those relating to interstate land sales and
real estate settlement procedures. Part XI contains laws for the or-
ganization and operation of the Department of Housing and Urban

(V)

Development. Part XII contains additional laws relating to housing

and community development programs. Part XIII contains perma-

nent appropriation provisions and a list of appropriation Acts relat-

ing to housing and community development. Finally, part XIV con-

tains miscellaneous tables and lists designed to assist in the use

of this compilation.

United States Code.-As its title indicates, this committee

print contains only the basic laws relating to housing and commu-
nity development that govern programs currently in effect. Addi-
tional laws relating to housing and community developments, in-
cluding laws governing formerly major programs that have since
been superseded, may be found in the United States Code. In this
regard, the tables in part XIV of the committee print should be
particularly useful.

It is important to recognize that the United States Code, and

the several commercial publications of the Code, contain additional

information that may be extremely useful in understanding the

laws contained in this committee print. For example, the relevant

section in the Code will provide the reader with information on spe-

cific amendments made to the section since its enactment, effective

dates and transitional provisions, delegations and transfers of func-

tions, and cross references to other sections dealing with similar

subject matters. Commercial publications of the Code also indicate

relevant judicial decisions issued under each section. For the bene-

fit of the reader, the United States Code citations are shown in

brackets at the end of each Public Law section in the committee

print. These citations are not a part of the text of the laws in which

they appear.

Comments and Suggestions.-Comments and suggestions for

improvements in future editions of this compilation_are encour-
aged, and may be addressed to the attention of the Editor, Com-
pilation of Basic Laws on Housing and Community Development,
Office of the Legislative Counsel, United States House of Rep-
resentatives, 136 Cannon House Office Building, Washington, DC

20515.

CONTENTS

National housing goals

PART I-COMMUNITY DEVELOPMENT

Housing and Community Development Act of 1974, title I

Community development block grants

Urban development action grants

CDBG assistance for colonias

Community develoment needs computer database

Rehabilitation loans

Right of redemption for section 312 mortgagors

Urban homesteading