42 U.S.C. § 12703 — Purposes of Cranston-Gonzalez National Affordable Housing Act

FEDERAL · 42 U.S.C. · Chapter 130

Purposes of Cranston-Gonzalez National Affordable Housing Act

Current through Pub. L. 119-102

Title 42 — The Public Health and Welfare·Ch. 130 — NATIONAL AFFORDABLE HOUSING·Subch. I

The purposes of this Act are—

(1)to help families not owning a home to save for a down payment for the purchase of a home;

(2)to retain wherever feasible as housing affordable to low-income families those dwelling units produced for such purpose with Federal assistance;

(3)to extend and strengthen partnerships among all levels of government and the private sector, including for-profit and nonprofit organizations, in the production and operation of housing affordable to low-income and moderate-income families;

(4)to expand and improve Federal rental assistance for very low-income families; and

(5)to increase the supply of supportive housing, which combines structural features and services needed to enable persons with special needs to live with dignity and independence.

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The purposes of this Act are—
(1) to help families not owning a home to save for a down payment for the purchase of a home;
(2) to retain wherever feasible as housing affordable to low-income families those dwelling units produced for such purpose with Federal assistance;
(3) to extend and strengthen partnerships among all levels of government and the private sector, including for-profit and nonprofit organizations, in the production and operation of housing affordable to low-income and moderate-income families;
(4) to expand and improve Federal rental assistance for very low-income families; and
(5) to increase the supply of supportive housing, which combines structural features and services needed to enable persons with special needs to live with dignity and independence.

42 U.S.C. § 12703 (Purposes of Cranston-Gonzalez National Affordable Housing Act) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Source Credit

History

(Pub. L. 101–625, title I, §103, Nov. 28, 1990, 104 Stat. 4085.)

Editorial Notes

Editorial Notes

References in Text
This Act, referred to in text, is Pub. L. 101–625, Nov. 28, 1990, 104 Stat. 4079, known as the Cranston-Gonzalez National Affordable Housing Act. For complete classification of this Act to the Code, see Short Title note set out under section 12701 of this title and Tables.