42 U.S.C. § 12871

Program authority

(a) In general

The Secretary is authorized to make—

(1)

planning grants to enable applicants to develop homeownership programs; and

(2)

implementation grants to enable applicants to carry out homeownership programs.

(b) Authority to reserve housing assistance

In connection with a grant under this part, the Secretary may reserve authority to provide assistance under section 1437f of this title to the extent necessary to provide rental assistance for a nonpurchasing tenant who resides in the project on the date the Secretary approves the application for an implementation grant, for use by the tenant in another project.

( Pub. L. 101–625, title IV, § 421 , Nov. 28, 1990 , 104 Stat. 4162 ; Pub. L. 102–550, title I, § 181(a)(2)(B)(i) , Oct. 28, 1992 , 106 Stat. 3735 .)