Examples of the 1974 Act in a sentence
Permits assumption of environmental review responsibilities by States and localities for the lead-based paint program, the 1937 Act programs, special purpose grants under section 107 of the 1974 Act, and the section 542 FHA multifamily risk-sharing and HFA pilot programs.
Establishes the Economic Development Initiatives program under section 108(q) of the 1974 Act, under which HUD may make grants in connection with section 108 guaranteed obligations.
It is not legal advice and must not be regarded as a definitive interpretation of the 1974 Act.
Title VI of the 1974 Act requires that every company that builds manufactured homes provide HUD with the plans for each model produced.
Accordingly, the purpose of this letter is to make the Purchaser aware of this and to make clear that the Purchaser should not enter into the shared equity documentation on the assumption that, after 20 years, the Purchaser will be able to rely on section 11 of the 1974 Act as that section currently applies.