WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 13

12 U.S.C. 1715z-22: Multifamily mortgage credit programs

Created in 1992 by Public Law 102-550. Changed by 8 later laws. No bill we track in this Congress changes it.

1 part of federal rules cite it as their authority, written by Office of Assistant Secretary for Housing—federal Housing Commissioner, Department of Housing and Urban Development (1).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2000

    • Pub. L. 106–377, §1(a)(1) [title II, §235(6)], substituted "programs" for "demonstrations" in section catchline. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text
    • Pub. L. 106–377, §1(a)(1) [title II, §235(1)], substituted "provide" for "demonstrate the effectiveness of providing" in first sentence and "the programs" for "demonstration programs" in second sentence. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (a)
    • Pub. L. 106–377, §1(a)(1) [title II, §235(5)], struck out "pilot" after "Risk-sharing" in heading. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (b)
    • Pub. L. 106–377, §1(a)(1) [title II, §235(2)(A)], substituted "provide" for "determine the effectiveness of". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (b)
    • Pub. L. 106–377, §1(a)(1) [title II, §235(5)], struck out "pilot" before "program". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (b)
    • Pub. L. 106–377, §1(a)(1) [title II, §235(2)(B)], added par. (5) and struck out heading and text of former par. (5). Text read as follows: "Using any authority provided in appropriation Acts to insure loans under the National Housing Act, the Secretary may enter into commitments und… (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (b)
    • Pub. L. 106–377, §1(a)(1) [title II, §235(5)], struck out "pilot" after "finance agency" in heading. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (c)
    • Pub. L. 106–377, §1(a)(1) [title II, §235(3)(A), (5)], struck out "pilot" before "program" and substituted "provide Federal credit enhancement" for "test the effectiveness of Federal credit enhancement". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (c)
    • Pub. L. 106–377, §1(a)(1) [title II, §235(5)], struck out "pilot" after "Program requirements" in heading. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (c)
    • Pub. L. 106–377, §1(a)(1) [title II, §235(5)], struck out "pilot" before "program". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (c)
    • Pub. L. 106–377, §1(a)(1) [title II, §235(3)(B)], added par. (4) and struck out heading and text of former par. (4). Text read as follows: "Using any authority provided by appropriations Acts to insure mortgages under the National Housing Act, the Secretary may enter into commitment… (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (c)
    • Subsec (d). Pub. L. 106–377, §1(a)(1) [title II, §235(4)], struck out heading and text of subsec. (d) which related to independent studies and reports. (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2001) Law text · (c)

    1999

    • Pub. L. 106–74, §226(1), as added by 106–113, §175(d), substituted "in each of the fiscal years 1999 and 2000" for "during fiscal year 1999". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2000) Law text · (b)
    • Pub. L. 106–74, §226(2), as added by Pub. L. 106–113, §175(d), substituted "in each of fiscal years 1999 and 2000" for "during fiscal year 1999". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 2000) Law text · (c)

    1998

    • Pub. L. 105–276, §211(1), inserted before period at end ", and not more than an additional 25,000 units during fiscal year 1999". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (b)
    • Pub. L. 105–276, §211(2), substituted "1996," for "1996 and" and inserted "and not more than an additional 25,000 units during fiscal year 1999" after "fiscal year 1997". (Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999) Law text · (c)

    1997

    • Pub. L. 105–18 substituted "on not more than 12,000 units during fiscal year 1996 and not more than an additional 7,500 units during fiscal year 1997" for "on not more than 12,000 units during fiscal year 1996". (1997 Emergency Supplemental Appropriations Act for Recovery from Natural Disasters, and for Overseas Peacekeeping Efforts, Including Those in Bosnia) Law text · (c)

    1996

    • Pub. L. 104–120, §8(a), and Pub. L. 104–134, §101(e) [title II, §205(a)], amended par. (5) identically, substituting "on not more than 7,500 units during fiscal year 1996" for "on not more than 15,000 units over fiscal years 1993 and 1994". (Housing Opportunity Program Extension Act of 1996) Law text · (b)
    • Pub. L. 104–120, §8(b), and Pub. L. 104–134, §101(e) [title II, §205(b)], amended par. (4) identically, substituting "on not more than 12,000 units during fiscal year 1996" for "on not to exceed 30,000 units over fiscal years 1993, 1994, and 1995". (Housing Opportunity Program Extension Act of 1996) Law text · (c)

    1994

    • Pub. L. 103–233, §307(a)(1), added pars. (1) and (2) and struck out headings and text of former pars. (1) and (2) relating to authority of Secretary for carrying out risk-sharing pilot program and authority of Secretary for reinsurance agreements, respectively. · (b), (2)
    • Pub. L. 103–233, §307(a)(2), substituted "eligibility under this subsection of qualified participating entities" for "financial institutions and entities to be eligible to enter into reinsurance agreements". · (b)
    • Pub. L. 103–233, §307(a)(3), (4), added par. (8) and struck out heading and text of former par. (8). Text read as follows: "The Secretary shall take any administrative actions necessary to initiate the pilot program under this subsection not later than the expiration of the 8-month … · (b)
    • Pub. L. 103–233, §307(a)(4), added pars. (9) and (10). · (b), (10)
    • Pub. L. 103–233, §307(a)(3), added par. (11). · (b)
    • Pub. L. 103–233, §307(b)(1), inserted "(including entities established by States that provide mortgage insurance)" after "qualified housing finance agencies". · (c)
    • Pub. L. 103–233, §307(b)(2)(A), substituted "Such agreements shall specify that the qualified housing finance agency and the Secretary shall share any loss in accordance with the risk-sharing agreement." for "Such agreements shall specify that the qualified housing finance agency… · (c)
    • Pub. L. 103–233, §307(b)(2)(B), added subpar. (F). · (c)
    • Pub. L. 103–233, §307(b)(3), struck out "very low-income" before "families" and "(2)" after "section 42(g)". · (c)
    • Pub. L. 103–233, §307(b)(4), added pars. (9) and (10). · (c), (10)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.