# § 2182. Authorization for worldwide shelter guarantees
**1** **Authorization to issue guarantees to eligible investors** section 2181 of this title[^1]section 2181 of this titleSeptember 30, 1992
To carry out the policy of , the President is authorized to issue guaranties to eligible investors (as defined in section 2198(c) of this title) assuring against losses incurred in connection with loans made for projects meeting the criteria set forth in . The total principal amount of guaranties issued under this subpart or heretofore issued under prior housing guaranty authorities, which are outstanding at any one time, shall not exceed $2,558,000,000. The authority of this section shall continue through . The President may issue regulations from time to time with regard to the terms and conditions upon which such guaranties shall be issued and the eligibility of lenders.
See References in Text note below.
**(b)** **Emphasis on certain activities** Activities carried out under this section shall emphasize—
**(1)** projects which provide improved home sites to poor families on which to build shelter, and related services;
**(2)** projects comprised of expandable core shelter units on serviced sites;
**(3)** slum upgrading projects designed to conserve and improve existing shelter;
**(4)** shelter projects for low-income people designed for demonstration or institution building purposes; and
**(5)** community facilities and services in support of projects authorized under this section to improve the shelter occupied by the poor.
**(c)** **Use of solar energy technology** In issuing guaranties under this section with respect to projects in a country which require the use or conservation of energy, the President shall give consideration to the use of solar energy technologies, where such technologies are economically and technically feasible. Technologies which may be used include solar hot water systems, solar heating and cooling, passive solar heating, biomass conversion, photovoltaic and wind applications, and community-scale solar thermal applications.
**2** **2 Minimum annual program levels** The total principal amount of guaranties issued under this section for each of the fiscal years 1986 and 1987 shall be comparable to the total principal amount of such guaranties issued for fiscal year 1984, subject to the dollar limitations on the issuance of guaranties under this section which are contained in subsection (a) and in appropriation Acts.
So in original. No subsecs. (d) to (j) have been enacted.
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**Source Credit**: (Pub. L. 87–195, pt. I, § 222, as added Pub. L. 91–175, pt. I, § 105, Dec. 30, 1969, 83 Stat. 807; amended Pub. L. 94–161, title III, § 311(4), Dec. 20, 1975, 89 Stat. 861; Pub. L. 95–88, title I, § 117(a)(2), Aug. 3, 1977, 91 Stat. 540; Pub. L. 95–424, title I, § 115(a), Oct. 6, 1978, 92 Stat. 950; Pub. L. 96–53, title I, § 112(a), Aug. 14, 1979, 93 Stat. 363; Pub. L. 97–113, title III, § 310(a), Dec. 29, 1981, 95 Stat. 1535; Pub. L. 98–473, title I, § 101(1) [title V, § 541(a)], Oct. 12, 1984, 98 Stat. 1884, 1903; Pub. L. 99–83, title III, § 313(a)–(c), Aug. 8, 1985, 99 Stat. 216, 217; Pub. L. 100–202, § 101(e) [title II, § 201], Dec. 22, 1987, 101 Stat. 1329–131, 1329–142; Pub. L. 101–167, title II, Nov. 21, 1989, 103 Stat. 1205; Pub. L. 101–302, title II, May 25, 1990, 104 Stat. 224; Pub. L. 101–513, title II, Nov. 5, 1990, 104 Stat. 1989.)
## Editorial Notes
### References in Text
, referred to in subsec. (a), was repealed by , , .
### Codification
Amendment by is based on section 311(b) of H.R. 5119, Ninety-eighth Congress, as passed by the House of Representatives , which was enacted into permanent law by .
### Prior Provisions
A prior , pt. I, , , as amended by , pt. I, § 104(b), , ; , pt. I, § 104(b)–(f), , , 382; , pt. I, § 104(c), , ; , pt. I, § 104(b), , ; , pt. I, § 104(b), , , contained general provisions concerning foreign investment guaranties, prior to the general reorganization of this subpart by , pt. I, § 105, , .
### Amendments
1990—Subsec. (a). substituted “1992” for “1991”.
substituted “$2,558,000,000” for “$2,158,000,000”.
1989—Subsec. (a). substituted “1991” for “1990”.
1987—Subsec. (a). substituted “1990” for “1988”.
1985—Subsec. (a). , (b), substituted “$2,158,000,000” for “$1,958,000,000” and “1988” for “1986”.
Subsec. (k). , added subsec. (k).
1984—Subsec. (a). substituted “$1,958,000,000” for “$1,718,000,000” and “1986” for “1984”.
1981—Subsec. (a). increased limitation on total principal amount of outstanding guarantees to $1,718,000,000 from $1,555,000,000 and extended termination date for exercise of guarantee authority to , from .
1979—Subsec. (a). substituted “$1,555,000,000” for “$1,180,000,000”, and “through ” for “until ”.
1978— amended section generally to provide a new consolidated section which provides a single authorization for the worldwide housing guarantee program, a new list of the types of programs to be emphasized, increased the worldwide authorization to $1,180,000,000, and encourages officials and governments in developing countries to consider the use of solar energy in housing projects.
1977—Subsec. (c). inserted “or under ” after “Latin American housing guaranty authority repealed by the Foreign Assistance Act of 1969” and substituted “$1,030,000,000” for “$600,000,000”.
1975—Subsec. (c). substituted “$600,000,000” for “$550,000,000”.
## Statutory Notes and Related Subsidiaries
### Effective Date of 1985 Amendment
Amendment by effective , see , set out as a note under .
### Effective Date of 1979 Amendment
Amendment by effective , see , set out as a note under .
### Effective Date of 1978 Amendment
Amendment by effective , see , set out as a note under .
## Executive Documents
### Delegation of Functions
For delegation of functions of President under this section, see Ex. Ord. No. 12163, , 44 F.R. 56673, as amended, set out as a note under .