
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC4561]

 
                       TITLE 12--BANKS AND BANKING
 
              CHAPTER 46--GOVERNMENT SPONSORED ENTERPRISES
 
         SUBCHAPTER I--SUPERVISION AND REGULATION OF ENTERPRISES
 
                     Part B--Authority of Secretary
 
                        subpart 2--housing goals
 
Sec. 4561. Establishment


(a) In general

    The Secretary shall establish, by regulation, housing goals under 
this subpart for each enterprise. The housing goals shall include a low- 
and moderate-income housing goal pursuant to section 4562 of this title, 
a special affordable housing goal pursuant to section 4563 of this 
title, and a central cities, rural areas, and other underserved areas 
housing goal pursuant to section 4564 of this title. The Secretary shall 
implement this subpart in a manner consistent with section 1716(3) of 
this title and section 301(b)(3) of the Federal Home Loan Mortgage 
Corporation Act.

(b) Consideration of units in multifamily housing

    In establishing any goal under this subpart, the Secretary may take 
into consideration the number of housing units financed by any mortgage 
on multifamily housing purchased by an enterprise.

(c) Adjustment of housing goals

    Except as otherwise provided in this chapter, from year to year the 
Secretary may, by regulation, adjust any housing goal established under 
this subpart.

(Pub. L. 102-550, title XIII, Sec. 1331, Oct. 28, 1992, 106 Stat. 3956.)

                       References in Text

    Section 301(b)(3) of the Federal Home Loan Mortgage Corporation Act, 
referred to in subsec. (a), is section 301(b)(3) of Pub. L. 91-351, as 
amended, which is set out as a Short Title and Statement of Purpose note 
under section 1451 of this title.
    This chapter, referred to in subsec. (c), was in the original ``this 
title'', meaning title XIII of Pub. L. 102-550, Oct. 28, 1992, 106 Stat. 
3941, which is classified principally to this chapter. For complete 
classification of title XIII to the Code, see Short Title note set out 
under section 4501 of this title and Tables.
