§ 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.