42 U.S.C. § 12877

Exemption

Eligible property covered by a homeownership program approved under this part shall not be subject to—

(1)

the Low-Income Housing Preservation and Resident Homeownership Act of 1990 [ 12 U.S.C. 4101 et seq.], or

(2)

the requirements of section 1701z–11 of title 12 applicable to the sale of projects either at foreclosure or after acquisition by the Secretary.

( Pub. L. 101–625, title IV, § 427 , Nov. 28, 1990 , 104 Stat. 4171 .)