§ 1437aaa. Program authority
§ 1437aaa.
Program authority
(a)
In general
The Secretary is authorized to make—
(1)
planning grants to help applicants to develop homeownership programs in accordance with this subchapter; and
(2)
implementation grants to carry out homeownership programs in accordance with this subchapter.
(b)
Authority to reserve housing assistance
In connection with a grant under this subchapter, the Secretary may reserve authority to provide assistance under section 1437f of this title to the extent necessary to provide replacement housing and 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.