42 USC § 12877 - Exemption

---
identifier: "/us/usc/t42/s12877"
source: "usc"
legal_status: "official_prima_facie"
title: "42 USC § 12877 - Exemption"
title_number: 42
title_name: "THE PUBLIC HEALTH AND WELFARE"
section_number: "12877"
section_name: "Exemption"
chapter_number: 130
chapter_name: "NATIONAL AFFORDABLE HOUSING"
subchapter_number: "IV"
subchapter_name: "HOPE FOR HOMEOWNERSHIP OF MULTIFAMILY AND SINGLE FAMILY HOMES"
part_number: "A"
part_name: "HOPE for Homeownership of Multifamily Units"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 101–625, title IV, § 427, Nov. 28, 1990, 104 Stat. 4171.)"
---


# § 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.

---

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

## Editorial Notes

### References in Text

The Low-Income Housing Preservation and Resident Homeownership Act of 1990, referred to in par. (1), is title II of , as amended by , , , which is classified principally to chapter 42 (§ 4101 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under  and Tables.