U.S. Code > Title 42 The Public Health and Welfare > CHAPTER 130—NATIONAL AFFORDABLE HOUSING > SUBCHAPTER IV—HOPE FOR HOMEOWNERSHIP OF MULTIFAMILY AND SINGLE FAMILY HOMES > Part A—HOPE for Homeownership of Multifamily Units > § 12871. Program authority

§ 12871. Program authority

(a) In general
The Secretary is authorized to make—
(1) planning grants to enable applicants to develop homeownership programs; and
(2) implementation grants to enable applicants to carry out homeownership programs.
(b) Authority to reserve housing assistance
In connection with a grant under this part, the Secretary may reserve authority to provide assistance under section 1437f of this title to the extent necessary to provide rental assistance for a nonpurchasing tenant who resides in the project on the date the Secretary approves the application for an implementation grant, for use by the tenant in another project.