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Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code
now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 ->
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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 12 U.S.C. § 4142 Purposes us united_states_code code_section 12 BANKS AND BANKING 42 LOW-INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNERSHIP 4142 12 U.S.C. § 4142 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s4142 data/legal/raw/us/code/title-12/usc12.xml be0d54ade2296f7bab1d16b49ad43805d9a8365e719b6b50d776b2be3b163616 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 604c478199d1411108c7ae2b1e6bfa0bd17ae4b5561aaf3740cf1378efc9a842 2026-07-04 official
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12 U.S.C. § 4142 - Purposes

Text

The purposes of this subchapter are—

(1) to promote the ability of residents of eligible low-income housing to meaningfully participate in the preservation process established by this title 11 See References in Text note below. and affect decisions about the future of their housing;

(2) to promote the ability of community-based nonprofit housing developers and resident councils to acquire, rehabilitate, and competently own and manage eligible housing as rental or cooperative housing for low- and moderate-income people; and

(3) to assist the Secretary in discharging the obligation under section 4110 of this title to notify potential qualified purchasers of the availability of properties for sale and to otherwise facilitate the coordination and oversight of the preservation program established under this title.1

(Pub. L. 100242, title II, § 252, as added Pub. L. 102550, title III, § 312, Oct. 28, 1992, 106 Stat. 3766.)

Notes

Editorial Notes

References in TextThis title, referred to in pars. (1) and (3), means title II of Pub. L. 100242, as amended by Pub. L. 101625, title VI, § 601(a), Nov. 28, 1990, 104 Stat. 4249, known as the Low-Income Housing Preservation and Resident Homeownership Act of 1990, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 4101 of this title and Tables.