Federal · Title 25 — Indians
25 U.S.C. § 4232: Low-income requirement and income targeting
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in the case of rental housing, is made available for occupancy only by a family that is a low-income family at the time of the initial occupancy of that family of that unit; and in the case of housing for homeownership, is made available for purchase only by a family that is a low-income family at the time of purchase; and the remaining useful life of the property (as determined by the Secretary) without regard to the term of the mortgage or to transfer of ownership; or avoid termination of low-income affordability, in the case of foreclosure; or transfer ownership in lieu of foreclosure; and is not for the purpose of avoiding low-income affordability restrictions, as determined by the Secretary. Notwithstanding subsection (a), housing assistance pursuant to section 4228(a)(2)(B) of this title shall be considered affordable housing for purposes of this subchapter.
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