
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC12785]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                CHAPTER 130--NATIONAL AFFORDABLE HOUSING
 
             SUBCHAPTER II--INVESTMENT IN AFFORDABLE HOUSING
 
      Part C--Other Support for State and Local Housing Strategies
 
Sec. 12785. REACH: asset recycling information dissemination


(a) In general

    The Secretary shall make available upon request by any participating 
jurisdiction a list of eligible properties that are located within the 
jurisdiction and that are owned or controlled by the Department of 
Housing and Urban Development to facilitate the purchase, development, 
or rehabilitation of such properties with assistance made available 
under this subchapter.

(b) Eligible properties

    An eligible property under this section shall--
        (1) be an unoccupied single-family or multifamily dwelling, such 
    that acquisition and rehabilitation of the dwelling would not result 
    in the displacement of any residents of the dwelling; and
        (2) have an appraised value that does not exceed (A) in the case 
    of a 1- to 4-family dwelling, 95 percent of the median purchase 
    price for the area for such dwellings, as determined by the 
    Secretary, or (B) in the case of a dwelling with more than 4 units, 
    the applicable maximum dollar amount limitation under section 
    1715l(d)(3)(ii) of title 12 for elevator-type structures.

(Pub. L. 101-625, title II, Sec. 245, Nov. 28, 1990, 104 Stat. 4119.)
