42 USC § 1437aaa - Program authority

---
identifier: "/us/usc/t42/s1437aaa"
source: "usc"
legal_status: "official_prima_facie"
title: "42 USC § 1437aaa - Program authority"
title_number: 42
title_name: "THE PUBLIC HEALTH AND WELFARE"
section_number: "1437aaa"
section_name: "Program authority"
chapter_number: 8
chapter_name: "LOW-INCOME HOUSING"
subchapter_number: "II–A"
subchapter_name: "HOPE FOR PUBLIC HOUSING HOMEOWNERSHIP"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Sept. 1, 1937, ch. 896, title III, § 301, as added Pub. L. 101–625, title IV, § 411, Nov. 28, 1990, 104 Stat. 4148; amended Pub. L. 102–550, title I, § 181(a)(2)(A), Oct. 28, 1992, 106 Stat. 3735.)"
---


# § 1437aaa. Program authority

**(a)** **In general** The Secretary is authorized to make—

**(1)** planning grants to help applicants to develop homeownership programs in accordance with this subchapter; and

**(2)** implementation grants to carry out homeownership programs in accordance with this subchapter.

**(b)** **Authority to reserve housing assistance** section 1437f of this title

In connection with a grant under this subchapter, the Secretary may reserve authority to provide assistance under  to the extent necessary to provide replacement housing and 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.

---

**Source Credit**: (Sept. 1, 1937, ch. 896, title III, § 301, as added Pub. L. 101–625, title IV, § 411, Nov. 28, 1990, 104 Stat. 4148; amended Pub. L. 102–550, title I, § 181(a)(2)(A), Oct. 28, 1992, 106 Stat. 3735.)

## Editorial Notes

### Amendments

1992—Subsec. (c).  struck out subsec. (c) which read as follows: “There are authorized to be appropriated for grants under this subchapter $68,000,000 for fiscal year 1991 and $380,000,000 for fiscal year 1992. Any amount appropriated pursuant to this subsection shall remain available until expended.”

## Statutory Notes and Related Subsidiaries

### Short Title

> “This title [enacting this subchapter and subchapter IV (§ 12871 et seq.) of chapter 130 of this title, amending sections 1437c, 1437f, 1437
> 
> , 1437p, 1437r, and 1437s of this title and
> 
> , Banks and Banking, and enacting provisions set out as notes under this section and sections 1437c and 1437aa of this title] may be cited as the ‘Homeownership and Opportunity Through HOPE Act’.”

, , , provided that:

### Establishment and Implementation of Requirements by Secretary

> “Not later than the expiration of the 180-day period beginning on the date that funds authorized under title III of the United States Housing Act of 1937 [this subchapter] first become available for obligation, the Secretary shall by notice establish such requirements as may be necessary to carry out the provisions of this subtitle [subtitle A (§§ 411–419) of title IV of
> 
> , enacting this subchapter, amending sections 1437c, 1437f, 1437
> 
> , 1437p, 1437r, and 1437s of this title, and enacting provisions set out as notes under sections 1437c and 1437aa of this title]. Such requirements shall be subject to
> 
> , United States Code. The Secretary shall issue regulations based on the initial notice before the expiration of the 8-month period beginning on the date of the notice.”

, , , provided that: