2016 US Code
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

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Citation 42 U.S.C. § 8101 (2016)
Section Name §8101. Congressional findings and declaration of purpose
Section Text

(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.

Source Credit

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

Editorial Notes SHORT TITLE

Pub. L. 95–557, title VI, §601, Oct. 31, 1978, 92 Stat. 2115, provided that: "This title [enacting this subchapter] may be cited as the 'Neighborhood Reinvestment Corporation Act'."

Pub. L. 95–557, title VII, §701, Oct. 31, 1978, 92 Stat. 2119, 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to subchapter II of this chapter, was to be cited as the "Neighborhood Self-Help Development Act of 1978", was repealed by Pub.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, §313(a), Aug. 13, 1981, 95 Stat. 398.

Pub. L. 95–557, title VIII, §801, Oct. 31, 1978, 92 Stat. 2122, provided that: "This title [enacting subchapter III of this chapter] may be cited as the 'Livable Cities Act of 1978'."

Publication Title United States Code, 2012 Edition, Supplement 4, Title 42 - THE PUBLIC HEALTH AND WELFARE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within 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
Contains section 8101
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Short Titles 'Neighborhood Reinvestment Corporation Act'."
"Neighborhood Self-Help Development Act of 1978", was repealed by Pub. L. 97-35, title III, §313(a), Aug. 13, 1981, 95 Stat. 398.
'Livable Cities Act of 1978'."
Statutes at Large References 92 Stat. 2115, 2119, 2122
95 Stat. 398
Public Law References Public Law 95-557, Public Law 97-35
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