Skip to content

42 U.S.C. ch. 130 (§§ 12701–12841) — Cranston-Gonzalez National Affordable Housing Act (incl. HOME Investment Partnerships Act, §§ 12741–12756)

§12771. Set-aside for community housing development organizations

42 U.S.C. ch. 130 (§§ 12701–12841) — Cranston-Gonzalez National Affordable Housing Act (incl. HOME Investment Partnerships Act, §§ 12741–12756) · 2026 edition · updated 2026-07-29 · United States

(a) In general

For a period of 24 months after funds under part A are made available to a jurisdiction, the jurisdiction shall reserve not less than 15 percent of such funds for investment only in housing when a community housing development organization materially participates in the ownership or development of that housing, as determined by the Secretary. Each participating jurisdiction shall make reasonable efforts to identify community housing development organizations that are capable or can reasonably be expected to become capable of carrying out elements of the jurisdiction's housing strategy and to encourage such community housing development organizations to do so. If during the first 24 months of its participation under this subchapter, a participating jurisdiction is unable to identify a sufficient number of capable community housing development organizations, then up to 20 percent of the funds allocated to that jurisdiction under this section, but not to exceed $150,000, may be made available to carry out activities that develop the capacity of community housing development organizations in that jurisdiction. A participating jurisdiction is authorized to enter into contracts with community housing development organizations to carry out this section.

(b) Recapture and reuse

If any funds reserved under subsection (a) remain uninvested for a period of 24 months, the Secretary shall make such funds available to the participating jurisdiction for any eligible activities under this subchapter without regard to whether a community housing development organization materially participates in the use of such funds.

(c) Direct reallocation criteria

Insofar as practicable, direct reallocations under this section shall be made according to the selection criteria established under section 12747(c) of this title.

(Pub. L. 101–625, title II, §231, Nov. 28, 1990, 104 Stat. 4114; Pub. L. 102–550, title II, §212(a), (b), Oct. 28, 1992, 106 Stat. 3757; Pub. L. 119–101, title V, §501(j), (s), July 11, 2026, 140 Stat. 911, 915.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code
▸ Contents — 42 U.S.C. ch. 130 (§§ 12701–12841) — Cranston-Gonzalez National Affordable Housing Act (incl. HOME Investment Partnerships Act, §§ 12741–12756)
42 U.S.C. ch. 130 (§§ 12701–12841) — Cranston-Gonzalez National Affordable Housing Act (incl. HOME Investment Partnerships Act, §§ 12741–12756)
  1. ▸ 42 U.S.C. ch. 130 (§§ 12701–12841) — Cranston-Gonzalez Nationa…
    Overview
    1. §12721. Findings
    2. §12722. Purposes
    3. §12723. Coordinated Federal support for housing strategies
    4. §12724. Authorization of program
    5. §12725. Notice
    6. §12741. Authority
    7. §12742. Eligible uses of investment
    8. §12743. Development of model programs
    9. §12744. Income targeting
    10. §12745. Qualification as affordable housing
    11. §12746. Participation by States and local governments
    12. §12747. Allocation of resources
    13. §12748. HOME Investment Trust Funds
    14. §12749. Repayment of investment
    15. §12750. Matching requirements
    16. §12751. Private-public partnership
    17. §12752. Distribution of assistance
    18. §12753. Program enforcement and penalties for noncompliance
    19. §12754. Limitation on jurisdictions under court order
    20. §12755. Tenant and participant protections
    21. §12756. Monitoring of compliance
    22. §12757. Revitalizing empty structures into desirable environme…
    23. §12771. Set-aside for community housing development organizati…
    24. §12772. Project-specific assistance to community housing devel…
    25. §12773. Housing education and organizational support
    26. §12774. Other requirements
    27. §12781. Authority
    28. §12782. Priorities for capacity development
    29. §12783. Conditions of contracts
    30. §12784. Research in housing affordability
    31. §12785. REACH: asset recycling information dissemination
    32. §12801. General authority
    33. §12802. Rental housing production
    34. §12803. Rental rehabilitation
    35. §12804. Rehabilitation loans
    36. §12805. Sweat equity model program
    37. §12806. Home repair services grants for older and disabled hom…
    38. §12807. Low-income housing conservation and efficiency grant p…
    39. §12808. Second mortgage assistance for first-time homebuyers
    40. §12809. Rehabilitation of State and local government in rem pr…
    41. §12810. Cost-saving building technologies and construction tec…
    42. §12821. Omitted
    43. §12831. Equal opportunity
    44. §12832. Nondiscrimination
    45. §12833. Audits by Comptroller General
    46. §12834. Uniform recordkeeping and reports to Congress
    47. §12835. Citizen participation
    48. §12836. Labor
    49. §12837. Interstate agreements
    50. §12838. Environmental review
    51. §12839. Termination of existing housing programs
    52. §12840. Suspension of requirements for disaster areas
    53. §12841. Nonapplicability of certain requirements for small pro…

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.