
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: 42USC8101]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
     CHAPTER 90--NEIGHBORHOOD AND CITY REINVESTMENT, SELF-HELP AND 
                             REVITALIZATION
 
           SUBCHAPTER I--NEIGHBORHOOD REINVESTMENT CORPORATION
 
Sec. 8101. Congressional findings and declaration of purpose

    (a) The Congress finds that--
        (1) the neighborhood housing services demonstration of the Urban 
    Reinvestment Task Force has proven its worth as a successful program 
    to revitalize older urban neighborhoods by mobilizing public, 
    private, and community resources at the neighborhood level; and
        (2) the demand for neighborhood housing services programs in 
    cities throughout the United States warrants the creation of a 
    public corporation to institutionalize and expand the neighborhood 
    housing services program and other programs of the present Urban 
    Reinvestment Task Force.

    (b) The purpose of this subchapter is to establish a public 
corporation which will continue the joint efforts of the Federal 
financial supervisory agencies and the Department of Housing and Urban 
Development to promote reinvestment in older neighborhoods by local 
financial institutions working cooperatively with community people and 
local government, and which will continue the nonbureaucratic approach 
of the Urban Reinvestment Task Force, relying largely on local 
initiative for the specific design of local programs.

(Pub. L. 95-557, title VI, Sec. 602, Oct. 31, 1978, 92 Stat. 2115.)


                               Short Title

    Section 601 of title VI of Pub. L. 95-557 provided that: ``This 
title [enacting this subchapter] may be cited as the `Neighborhood 
Reinvestment Corporation Act'.''
    Section 701 of title VII of Pub. L. 95-557, which provided that such 
title, which was classified to subchapter II of this chapter, was to be 
cited as the ``Neighborhood Self-Help Development Act of 1978'', was 
repealed by Pub. L. 97-35, title III, Sec. 313(a), Aug. 13, 1981, 95 
Stat. 398.
    Section 801 of title VIII of Pub. L. 95-557 provided that: ``This 
title [enacting subchapter III of this chapter] may be cited as the 
`Livable Cities Act of 1978'.''
