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REACH: asset recycling information dissemination

(a)In general The Secretary shall make available upon…#

(a) In general The Secretary shall make available upon request by any participating jurisdiction a list of eligible properties that are located within the jurisdiction and that are owned or controlled by the Department of Housing and Urban Development to facilitate the purchase, development, or rehabilitation of such properties with assistance made available under this subchapter.

(b)Eligible properties An eligible property under this…#

(b) Eligible properties An eligible property under this section shall—

(1) be an unoccupied single-family or multifamily dwelling, such that acquisition and rehabilitation of the dwelling would not result in the displacement of any residents of the dwelling; and (2) have an appraised value that does not exceed

(A) in the case of a 1- to 4-family dwelling, 95 percent of the median purchase price for the area for such dwellings, as determined by the Secretary, or (B) in the case of a dwelling with more than 4 units, the applicable maximum dollar amount limitation under section 1715 l

(d)(3)(ii) of title 12 for elevator-type structures.

in view

Whole section

▸rulespec code

Shown source

statutes/42/12785.yaml

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Rules

one_to_four_family_appraised_value_limit_rate

Parameter

source: 42 USC 12785(b)

- name: one_to_four_family_appraised_value_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12785(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12785/b/2
            excerpt: 95 percent of the median purchase price for the area
  versions:
    - effective_from: '2024-01-01'
      formula: '0.95'

one_to_four_family_dwelling_minimum_family_count

Parameter

source: 42 USC 12785(b)

- name: one_to_four_family_dwelling_minimum_family_count
  kind: parameter
  dtype: Count
  source: 42 USC 12785(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12785/b/2
            excerpt: 1- to 4-family dwelling
  versions:
    - effective_from: '2024-01-01'
      formula: '1'

one_to_four_family_dwelling_maximum_family_count

Parameter

source: 42 USC 12785(b)

- name: one_to_four_family_dwelling_maximum_family_count
  kind: parameter
  dtype: Count
  source: 42 USC 12785(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12785/b/2
            excerpt: 1- to 4-family dwelling
  versions:
    - effective_from: '2024-01-01'
      formula: '4'

one_to_four_family_appraised_value_limit

Derived

source: 42 USC 12785(b)

- name: one_to_four_family_appraised_value_limit
  kind: derived
  entity: Property
  dtype: Money
  period: Year
  unit: USD
  source: 42 USC 12785(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/12785/b/2
            excerpt: 95 percent of the median purchase price for the area
  versions:
    - effective_from: '2024-01-01'
      formula: >-
        one_to_four_family_appraised_value_limit_rate *
        median_purchase_price_for_area_for_one_to_four_family_dwellings_as_determined_by_secretary

eligible_property_for_one_to_four_family_dwelling

Derived

source: 42 USC 12785(b)

- name: eligible_property_for_one_to_four_family_dwelling
  kind: derived
  entity: Property
  dtype: Judgment
  period: Year
  source: 42 USC 12785(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/42/12785/b/2
  versions:
    - effective_from: '2024-01-01'
      formula: |-
        property_is_unoccupied_single_family_or_multifamily_dwelling
        and acquisition_and_rehabilitation_would_not_result_in_displacement_of_any_residents
        and dwelling_family_count >= one_to_four_family_dwelling_minimum_family_count
        and dwelling_family_count <= one_to_four_family_dwelling_maximum_family_count
        and appraised_value <= one_to_four_family_appraised_value_limit

▸citations (1)

References

This rule cites 1 other rule.

42 USC § 1715inferredUS Federal › Statutes › Title 42 › § 1715

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us/statute/42/12785/b/2 — REACH: asset recycling information dissemination · Axiom

REACH: asset recycling information dissemination

Official source

(a)In general The Secretary shall make available upon…#

(b)Eligible properties An eligible property under this…#

(b) Eligible properties An eligible property under this section shall—

(d)(3)(ii) of title 12 for elevator-type structures.

in view

Whole section

▸rulespec code

Shown source

statutes/42/12785.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/42/12785; no dedicated encoding exists for this exact provision yet.

View on GitHub

Rules

one_to_four_family_appraised_value_limit_rate

Parameter

source: 42 USC 12785(b)

- name: one_to_four_family_appraised_value_limit_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 12785(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12785/b/2
            excerpt: 95 percent of the median purchase price for the area
  versions:
    - effective_from: '2024-01-01'
      formula: '0.95'

one_to_four_family_dwelling_minimum_family_count

Parameter

source: 42 USC 12785(b)

- name: one_to_four_family_dwelling_minimum_family_count
  kind: parameter
  dtype: Count
  source: 42 USC 12785(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12785/b/2
            excerpt: 1- to 4-family dwelling
  versions:
    - effective_from: '2024-01-01'
      formula: '1'

one_to_four_family_dwelling_maximum_family_count

Parameter

source: 42 USC 12785(b)

- name: one_to_four_family_dwelling_maximum_family_count
  kind: parameter
  dtype: Count
  source: 42 USC 12785(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/12785/b/2
            excerpt: 1- to 4-family dwelling
  versions:
    - effective_from: '2024-01-01'
      formula: '4'

one_to_four_family_appraised_value_limit

Derived

source: 42 USC 12785(b)

- name: one_to_four_family_appraised_value_limit
  kind: derived
  entity: Property
  dtype: Money
  period: Year
  unit: USD
  source: 42 USC 12785(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/12785/b/2
            excerpt: 95 percent of the median purchase price for the area
  versions:
    - effective_from: '2024-01-01'
      formula: >-
        one_to_four_family_appraised_value_limit_rate *
        median_purchase_price_for_area_for_one_to_four_family_dwellings_as_determined_by_secretary

eligible_property_for_one_to_four_family_dwelling

Derived

source: 42 USC 12785(b)

- name: eligible_property_for_one_to_four_family_dwelling
  kind: derived
  entity: Property
  dtype: Judgment
  period: Year
  source: 42 USC 12785(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/42/12785/b/2
  versions:
    - effective_from: '2024-01-01'
      formula: |-
        property_is_unoccupied_single_family_or_multifamily_dwelling
        and acquisition_and_rehabilitation_would_not_result_in_displacement_of_any_residents
        and dwelling_family_count >= one_to_four_family_dwelling_minimum_family_count
        and dwelling_family_count <= one_to_four_family_dwelling_maximum_family_count
        and appraised_value <= one_to_four_family_appraised_value_limit

▸citations (1)

References

This rule cites 1 other rule.

42 USC § 1715inferredUS Federal › Statutes › Title 42 › § 1715