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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 42 U.S.C. § 1437z2 Public housing mortgages and security interests us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 8 LOW-INCOME HOUSING 1437z2 42 U.S.C. § 1437z2 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s1437z2 data/legal/raw/us/code/title-42/usc42.xml 35cd411562707fab6f838b89c99ab8d32622eb5f3490149d39ba7246a37fe9e1 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e 8985362355523004d6b7daacf5acdc74be93b8ecc5a3d44f1196726af513fa9d 2026-07-04 official
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42 U.S.C. § 1437z2 - Public housing mortgages and security interests

Text

(a) General authorization The Secretary may, upon such terms and conditions as the Secretary may prescribe, authorize a public housing agency to mortgage or otherwise grant a security interest in any public housing project or other property of the public housing agency.

(b) Terms and conditions In making any authorization under subsection (a), the Secretary may consider—

(1) the ability of the public housing agency to use the proceeds of the mortgage or security interest for low-income housing uses;

(2) the ability of the public housing agency to make payments on the mortgage or security interest; and

(3) such other criteria as the Secretary may specify.

(c) No Federal liability No action taken under this section shall result in any liability to the Federal Government.

(Sept. 1, 1937, ch. 896, title I, § 30, as added Pub. L. 105276, title V, § 516, Oct. 21, 1998, 112 Stat. 2550.)

Notes

Statutory Notes and Related Subsidiaries

Effective DateSection effective and applicable beginning upon Oct. 1, 1999, except as otherwise provided, with provision that Secretary may implement section before such date except to extent otherwise provided, see section 503 of Pub. L. 105276, set out as an Effective Date of 1998 Amendment note under section 1437 of this title.