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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 25 U.S.C. § 4232 Low-income requirement and income targeting us united_states_code code_section 25 INDIANS 43 NATIVE AMERICAN HOUSING ASSISTANCE AND SELF-DETERMINATION 4232 25 U.S.C. § 4232 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc25@119-100.zip /us/usc/t25/s4232 data/legal/raw/us/code/title-25/usc25.xml 2dec31406c834101b9d70244dfbd83fbf2acb6659ad5b86c5f3e069722b030e5 d4661d83bff6862be548ac8e843ba61e942ed983aade7cf83cb7dbc3dcd08168 377a5e41b56c413ac03a8ae86dd048a38158c636ed0a636fcf607635fcafadeb 2026-07-04 official
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25 U.S.C. § 4232 - Low-income requirement and income targeting

Text

(a) In general Housing shall qualify for affordable housing for purposes of this subchapter only if—

(1) each dwelling unit in the housing—

(A) in the case of rental housing, is made available for occupancy only by a family that is a low-income family at the time of the initial occupancy of that family of that unit; and

(B) in the case of housing for homeownership, is made available for purchase only by a family that is a low-income family at the time of purchase; and

(2) each dwelling unit in the housing will remain affordable, according to binding commitments satisfactory to the Secretary, for—

(A) the remaining useful life of the property (as determined by the Secretary) without regard to the term of the mortgage or to transfer of ownership; or

(B) such other period as the Secretary determines is the longest feasible period of time consistent with sound economics and the purposes of this subchapter, except upon a foreclosure by a lender (or upon other transfer in lieu of foreclosure) if that action—

(i) recognizes any contractual or legal rights of any public agency, nonprofit sponsor, or other person or entity to take an action that would—

(I) avoid termination of low-income affordability, in the case of foreclosure; or

(II) transfer ownership in lieu of foreclosure; and

(ii) is not for the purpose of avoiding low-income affordability restrictions, as determined by the Secretary.

(b) Exception Notwithstanding subsection (a), housing assistance pursuant to section 4228(a)(2)(B) of this title shall be considered affordable housing for purposes of this subchapter.

(Pub. L. 104330, title VIII, § 813, as added Pub. L. 106568, title II, § 203, Dec. 27, 2000, 114 Stat. 2888, and Pub. L. 106569, title V, § 513, Dec. 27, 2000, 114 Stat. 2982.)

Notes

Editorial Notes

Codification Pub. L. 106568, § 203, and Pub. L. 106569, § 513, enacted identical sections 813 of Pub. L. 104330. This section is based on the text of section 813 of Pub. L. 104330, as added by Pub. L. 106569, § 513.