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

§12772. Project-specific assistance to 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

Amounts reserved under section 12771 of this title may be used for activities eligible under section 12742 of this title and, in amounts not to exceed 10 percent of the amounts so reserved, for other activities specified under this section.

(b) Project-specific technical assistance and site control loans

(1) In general

Amounts reserved under section 12771 of this title may be used to provide technical assistance and site control loans to community housing development organizations in the early stages of site development for an eligible project. Such loans shall not exceed amounts that the jurisdiction determines to be customary and reasonable project preparation costs allowable under paragraph (2).

(2) Allowable expenses

A loan under this subsection may be provided to cover project expenses necessary to determine project feasibility (including costs of an initial feasibility study), consulting fees, costs of preliminary financial applications, legal fees, architectural fees, engineering fees, engagement of a development team, site control and title clearance.

(3) Repayment

A community housing development organization that receives a loan under this subsection shall repay the loan to the participating jurisdiction's HOME Investment Trust Fund from construction loan proceeds or other project income. The participating jurisdiction may waive repayment of the loan, in part or in whole, if there are impediments to project development that the participating jurisdiction determines are reasonably beyond the control of the borrower.

(c) Project-specific seed money loans

(1) In general

Amounts reserved under section 12771 of this title may be used to provide loans to community housing development organizations to cover preconstruction project costs that the jurisdiction determines to be customary and reasonable, including, but not limited to the costs of obtaining firm construction loan commitments, architectural plans and specifications, zoning approvals, engineering studies and legal fees.

(2) Eligible sponsors

A loan under this subsection may be provided only to a community housing development organization that has, with respect to the project concerned, site control, a preliminary financial commitment, and a capable development team.

(3) Repayment

A community housing development organization that receives a loan under this subsection shall repay the loan to the jurisdiction's HOME Investment Trust Fund from construction loan proceeds or other project income. The participating jurisdiction may waive repayment of the loan, in whole or in part, if there are impediments to project development that the participating jurisdiction determines are reasonably beyond the control of the borrower.

(Pub. L. 101–625, title II, §232, Nov. 28, 1990, 104 Stat. 4115.)

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▸ 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…

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