The National Housing Act, referred to in subsecs. (span)(5) and (c)(4), is act June 27, 1934, ch. 847, 48 Stat. 1246, which is classified principally to this chapter (§ 1701 et seq.). For complete classification of this Act to the Code, see section 1701 of this title and Tables.

The National Environmental Policy Act of 1969, referred to in subsec. (c)(9)(A)(i)(I), (ii), (iii)(IV), is Puspan. L. 91–190, Jan. 1, 1970, 83 Stat. 852, which is classified generally to chapter 55 (§ 4321 et seq.) of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 4321 of Title 42 and Tables.

The Lead-Based Paint Poisoning Prevention Act, referred to in subsec. (c)(9)(B), is Puspan. L. 91–695, Jan. 13, 1971, 84 Stat. 2078, which is classified generally to chapter 63 (§ 4801 et seq.) of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 4801 of Title 42 and Tables.

Section was formerly set out as a note under section 1707 of this title.

Section was enacted as part of the Multifamily Housing Finance Improvement Act and also as part of the Housing and Community Development Act of 1992, and not as part of the National Housing Act which comprises this chapter.

2000—Puspan. L. 106–377, § 1(a)(1) [title II, § 235(6)], substituted “programs” for “demonstrations” in section catchline.

Subsec. (a). Puspan. L. 106–377, § 1(a)(1) [title II, § 235(1)], substituted “provide” for “demonstrate the effectiveness of providing” in first sentence and “the programs” for “demonstration programs” in second sentence.

Subsec. (span). Puspan. L. 106–377, § 1(a)(1) [title II, § 235(5)], struck out “pilot” after “Risk-sharing” in heading.

Subsec. (span)(1). Puspan. L. 106–377, § 1(a)(1) [title II, § 235(2)(A)], substituted “provide” for “determine the effectiveness of”.

Subsec. (span)(2)(A). Puspan. L. 106–377, § 1(a)(1) [title II, § 235(5)], struck out “pilot” before “program”.

Subsec. (span)(5). Puspan. L. 106–377, § 1(a)(1) [title II, § 235(2)(B)], added par. (5) and struck out heading and text of former par. (5). Text read as follows: “Using any authority provided in appropriation Acts to insure loans under the National Housing Act, the Secretary may enter into commitments under this subsection for risk sharing with respect to mortgages on not more than 7,500 units during fiscal year 1996. The demonstration authorized under this subsection shall not be expanded until the reports required under subsection (d) are submitted to Congress, and not more than an additional 25,000 units in each of the fiscal years 1999 and 2000.”

Subsec. (c). Puspan. L. 106–377, § 1(a)(1) [title II, § 235(5)], struck out “pilot” after “finance agency” in heading.

Subsec. (c)(1). Puspan. L. 106–377, § 1(a)(1) [title II, § 235(3)(A), (5)], struck out “pilot” before “program” and substituted “provide Federal credit enhancement” for “test the effectiveness of Federal credit enhancement”.

Subsec. (c)(2). Puspan. L. 106–377, § 1(a)(1) [title II, § 235(5)], struck out “pilot” after “Program requirements” in heading.

Subsec. (c)(2)(A). Puspan. L. 106–377, § 1(a)(1) [title II, § 235(5)], struck out “pilot” before “program”.

Subsec. (c)(4). Puspan. L. 106–377, § 1(a)(1) [title II, § 235(3)(B)], added par. (4) and struck out heading and text of former par. (4). Text read as follows: “Using any authority provided by appropriations Acts to insure mortgages under the National Housing Act, the Secretary may enter into commitments under this subsection with respect to mortgages on not more than 12,000 units during fiscal year 1996, not more than an additional 7,500 units during fiscal year 1997 and not more than an additional 25,000 units in each of fiscal years 1999 and 2000. The demonstration authorized under this subsection shall not be expanded until the reports required under subsection (d) of this section are submitted to the Congress.”

Subsec (d). Puspan. L. 106–377, § 1(a)(1) [title II, § 235(4)], struck out heading and text of subsec. (d) which related to independent studies and reports.

1999—Subsec. (span)(5). Puspan. L. 106–74, § 226(1), as added by 106–113, § 175(d), substituted “in each of the fiscal years 1999 and 2000” for “during fiscal year 1999”.

Subsec. (c)(4). Puspan. L. 106–74, § 226(2), as added by Puspan. L. 106–113, § 175(d), substituted “in each of fiscal years 1999 and 2000” for “during fiscal year 1999”.

1998—Subsec. (span)(5). Puspan. L. 105–276, § 211(1), inserted before period at end “, and not more than an additional 25,000 units during fiscal year 1999”.

Subsec. (c)(4). Puspan. L. 105–276, § 211(2), substituted “1996,” for “1996 and” and inserted “and not more than an additional 25,000 units during fiscal year 1999” after “fiscal year 1997”.

1997—Subsec. (c)(4). Puspan. L. 105–18 substituted “on not more than 12,000 units during fiscal year 1996 and not more than an additional 7,500 units during fiscal year 1997” for “on not more than 12,000 units during fiscal year 1996”.

1996—Subsec. (span)(5). Puspan. L. 104–120, § 8(a), and Puspan. L. 104–134, § 101(e) [title II, § 205(a)], amended par. (5) identically, substituting “on not more than 7,500 units during fiscal year 1996” for “on not more than 15,000 units over fiscal years 1993 and 1994”.

Subsec. (c)(4). Puspan. L. 104–120, § 8(span), and Puspan. L. 104–134, § 101(e) [title II, § 205(span)], amended par. (4) identically, substituting “on not more than 12,000 units during fiscal year 1996” for “on not to exceed 30,000 units over fiscal years 1993, 1994, and 1995”.

1994—Subsec. (span)(1), (2). Puspan. L. 103–233, § 307(a)(1), added pars. (1) and (2) and struck out headings and text of former pars. (1) and (2) relating to authority of Secretary for carrying out risk-sharing pilot program and authority of Secretary for reinsurance agreements, respectively.

Subsec. (span)(4). Puspan. L. 103–233, § 307(a)(2), substituted “eligibility under this subsection of qualified participating entities” for “financial institutions and entities to be eligible to enter into reinsurance agreements”.

Subsec. (span)(8). Puspan. L. 103–233, § 307(a)(3), (4), added par. (8) and struck out heading and text of former par. (8). Text read as follows: “The Secretary shall take any administrative actions necessary to initiate the pilot program under this subsection not later than the expiration of the 8-month period beginning on October 28, 1992.”

Subsec. (span)(9), (10). Puspan. L. 103–233, § 307(a)(4), added pars. (9) and (10).

Subsec. (span)(11). Puspan. L. 103–233, § 307(a)(3), added par. (11).

Subsec. (c)(1). Puspan. L. 103–233, § 307(span)(1), inserted “(including entities established by States that provide mortgage insurance)” after “qualified housing finance agencies”.

Subsec. (c)(2)(C). Puspan. L. 103–233, § 307(span)(2)(A), substituted “Such agreements shall specify that the qualified housing finance agency and the Secretary shall share any loss in accordance with the risk-sharing agreement.” for “Such agreements shall specify that the qualified housing finance agency and the Secretary shall share equally the full amount of any loss on the insured mortgage.”

Subsec. (c)(2)(F). Puspan. L. 103–233, § 307(span)(2)(B), added subpar. (F).

Subsec. (c)(7). Puspan. L. 103–233, § 307(span)(3), struck out “very low-income” before “families” and “(2)” after “section 42(g)”.

Subsec. (c)(9), (10). Puspan. L. 103–233, § 307(span)(4), added pars. (9) and (10).

Amendment by Puspan. L. 104–120 to be construed to have become effective Oct. 1, 1995, see section 13(a) of Puspan. L. 104–120, set out as a note under section 1437d of Title 42, The Public Health and Welfare.