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42 U.S.C. § 12871 — Program authority

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (a)In generalThe Secretary is authorized to make—
    1. (1)planning grants to enable applicants to develop homeownership programs; and
    2. (2)implementation grants to enable applicants to carry out homeownership programs.
  2. (b)Authority to reserve housing assistanceIn connection with a grant under this part, the Secretary may reserve authority to provide assistance under section 1437f of this title to the extent necessary to provide rental assistance for a nonpurchasing tenant who resides in the project on the date the Secretary approves the application for an implementation grant, for use by the tenant in another project.