12 USC 4117 - Delegated responsibility to State agencies

U.S Code last checked for updates: Nov 22, 2024

§ 4117.

Delegated responsibility to State agencies

(a)

In general

(b)

Approval

State preservation plans shall be submitted in such form and in accordance with such procedures as the Secretary shall establish. The Secretary may approve plans that contain—

(1)

an inventory of low-income housing located within the State that is or will be eligible low-income housing under this subchapter within 5 years;

(2)

a description of the agency’s experience in the area of multifamily financing and restructuring;

(3)

a description of the administrative resources that the agency will commit to the processing of plans of action in accordance with this subchapter;

(4)

a description of the administrative resources that the agency will commit to the monitoring of approved plans of action in accordance with this subchapter;

(5)

an independent analysis of the performance of the multifamily housing inventory financed or otherwise monitored by the agency;

(6)

a certification by the public official responsible for submitting the comprehensive housing affordability strategy under section 12705 of title 42 that the proposed activities are consistent with the approved housing strategy of the State within which the eligible low-income housing is located; and

(7)

such other certifications or information that the Secretary determines to be necessary or appropriate to achieve the purposes of this subchapter.

(c)

Implementation agreements

(Pub. L. 100–242, title II, § 227, as added Pub. L. 101–625, title VI, § 601(a), Nov. 28, 1990, 104 Stat. 4270.)

cite as: 12 USC 4117