Skip to content

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

§12804. Rehabilitation loans

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

The Secretary shall make available a model program to provide direct loans to finance the rehabilitation of low and moderate income single family and multifamily residential properties.

(b) Condition of loans

The Secretary shall establish terms and conditions to ensure that such loans are acceptable risks, taking into consideration the need for rehabilitation, the security for the loan and the ability of the borrower to repay the loan. The Secretary may establish the interest rate for loans under the model program, which shall include special interest rates for loans to borrowers with incomes below 80 percent of the area median income.

(c) Additional restrictions

Guidelines for the model program may require that the property—

(1) be located in an area that contains a substantial number of dwellings in need of rehabilitation;

(2) the property 1 is residential and owner-occupied; and

(3) the property 1 is in need of rehabilitation or concentrated code enforcement within a reasonable time, and the rehabilitation of such property is consistent with a local plan for rehabilitation or code enforcement.

Additional guidelines for the model program shall generally comport with the additional protections and restrictions specified under section 1452b 2 of this title.

(Pub. L. 101–625, title II, §254, Nov. 28, 1990, 104 Stat. 4121.)

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.