StacksVerified U.S. federal law reference

42 U.S.C. § 1437aaa — 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 help applicants to develop homeownership programs in accordance with this subchapter; and
    2. (2)implementation grants to carry out homeownership programs in accordance with this subchapter.
  2. (b)Authority to reserve housing assistanceIn connection with a grant under this subchapter, the Secretary may reserve authority to provide assistance under section 1437f of this title to the extent necessary to provide replacement housing and 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.