PREFACE

Contents.-This committee print replaces the edition of the Basic Laws on Housing and Community Development dated November 8, 1984. As such, it contains the texts of the primary housing_and community_development laws within the jurisdiction of the Committee on Banking, Finance and Urban Affairs of the House of Representatives, as well as additional laws and materials of particular interest to members of the committee in considering legislation relating to housing and community development. The compilation has been updated through September 30, 1991, and includes the major additions and revisions made to housing programs by the Cranston-Gonzalez National Affordable Housing Act, enacted November 28, 1990 (Pub. L. 101-625).

Organization.-With a few minor exceptions, this committee print retains the useful organization of the 1984 edition. Thus, the laws are arranged under the broad subject areas dealt with by the Committee. Part I contains the basic laws on community development, including the community development block_grant program and the urban development action grant program. Part II contains the basic laws on assisted housing, including public housing, section 8 housing, supportive housing for elderly and disabled persons, the rental rehabilitation and development grant programs, the lowincome housing preservation program, the HOPE homeownership programs, the Nehemiah housing program, the Stewart B. McKinney Homeless Assistance Act, the affordable housing investment programs, and the National Homeownership Trust program. Part III contains the basic laws on FHA mortgage insurance, mortgage relief, and multifamily mortgage foreclosure. Part IV contains the basic laws on the secondary market for mortgage loans, including FNMA, FHLMC, GNMA, and FAMC. Part V contains the basic laws on rural housing, including the FmHA housing assistance programs under title V of the Housing Act of 1949. Part VI contains the basic laws establishing various regulatory programs, such as those relating to interstate land sales and real estate settlement procedures. Part VII contains the basic laws guiding the organization and operation of the Department of Housing and Urban Development. Part VIII contains additional laws relating to housing programs. Part IX contains permanent appropriation provisions and a list of appropriation Acts relating to housing and community development. Finally, part X contains miscellaneous tables and glossaries designed to assist in the use of the compilation.

United States Code.-As its title indicates, this committee print contains only the basic laws relating to housing and community development that govern programs currently in effect. Additional laws relating to housing and community developments, including

laws governing formerly major programs that have since been su-
perseded, may be found in the United States Code. In this regard,
the tables in part X of the committee print should be particularly
useful.

It is important to recognize that the United States Code, and the
several commercial publications of the Code, contain additional in-
formation that may be extremely useful in understanding the laws
contained in this committee print. For example, the relevant sec-
tion in the Code will provide the reader with information on specif-
ic amendments made to the section since its enactment, effective
dates and transitional provisions, delegations and transfers of func-
tions, and cross references to other sections dealing with similar
subject matters. Commercial publications of the Code also indicate
relevant judicial decisions issued under each section. For the bene-
fit of the reader, the United States Code citations are shown in
brackets at the end of each Public Law section in the committee
print. These citations are not a part of the text of the laws in
which they appear.

Comments and Suggestions.-Comments and suggestions for im-
provements in future editions of this compilation are encouraged,
and may be addressed to the attention of the Editor, Compilation of
Basic Laws on Housing and Community Development, Office of the
Legislative Counsel, United States House of Representatives, 136
Cannon House Office Building, Washington, DC 20515.

1st Session

HOUSING AND COMMUNITY DEVELOPMENT

REVISED THROUGH SEPTEMBER 30, 1991
(PUB. L. 102-109)

SUBCOMMITTEE ON HOUSING AND COMMUNITY
DEVELOPMENT

OF THE

COMMITTEE ON BANKING, FINANCE AND
URBAN AFFAIRS

HOUSE OF REPRESENTATIVES

84-043

Printed for the use of the
Committee on Banking, Finance and Urban Affairs

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1991

For sale by the U.S. Government Printing Office

Superintendent of Documents, Congressional Sales Office, Washington, DC 20402

COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS

HENRY B. GONZALEZ, Texas, Chairman

LETTER OF TRANSMITTAL

OCTOBER 1991. To: All Members of the Committee on Banking, Finance and Urban Affairs.

Transmitted herewith for the use of the Committee on Banking, Finance and Urban Affairs is the revised edition of the Basic Laws and Authorities on Housing and Community Development. This revision embodies changes resulting from the public laws affecting our housing and community development that were enacted between the last revision of Basic Laws in December 1984 and September 30, 1991. This revision of Basic Laws will assist the Committee in its upcoming legislative efforts.

I wish to commend the Staff of the Subcommittee on Housing and Community Development for their efforts in assisting in the revision of this volume, and in particular, to commend Mr. Paul Callen, Assistant Counsel in the Office of Legislative Counsel of the House of Representatives, for his excellent work overseeing these revisions. I recommend this document to the Members of the Committee as an invaluable tool in dealing with the Committee's major responsibility regarding its jurisdiction of the housing and community development programs.

Sincerely,

HENRY B. GONZALEZ, Chairman.

(III)