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“Housing owner” defined; limitation on payments to housing owner

1 rule

As used in this section, the term “housing owner” means a private nonprofit corporation or other private nonprofit legal entity, a limited dividend corporation or other limited dividend legal entity, or a cooperative housing corporation, which is a mortgagor under section 221(d)(3) of the National Housing Act [ 12 U.S.C. 1715 l (d)(3)] and which, after August 10, 1965 , has been approved for mortgage insurance thereunder and has been approved for receiving the benefits of this section: Provided , That, except as provided in subsection (j), no payments under this section may be made with respect to any property financed with a mortgage receiving the benefits of the interest rate provided for in the proviso in section 221(d)(5) of that Act [ 12 U.S.C. 1715 l (d)(5)]. Such term also includes a private nonprofit corporation or other private nonprofit legal entity, a limited dividend corporation or other limited dividend legal entity, or a cooperative housing corporation, which is the owner of a rental or cooperative housing project financed under a State or local program providing assistance through loans, loan insurance, or tax abatement and which may involve either new or existing construction and which is approved for receiving the benefits of this section. Subject to the limitations provided in subsection (j), the term “housing owner” also has the meaning prescribed in such subsection. Nothing in this section shall be construed as preventing payments to a housing owner with respect to projects in which all or part of the dwelling units do not contain kitchen facilities; but of the total amount of contracts to make annual payments approved in appropriation Acts pursuant to subsection (a) after December 31, 1970 , not more than 10 per centum in the aggregate shall be made with respect to such projects.

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Encodings · 1

no_kitchen_facilities_contract_share_cap12 USC § 1701s (b) · parameter

12 USC 1701s(b)

name: no_kitchen_facilities_contract_share_cap
kind: parameter
dtype: Rate
source: 12 USC 1701s(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/12/1701s
          excerpt: not more than 10 per centum in the aggregate
versions:
  - effective_from: '0001-01-01'
    formula: '0.10'

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statutes/12/1701s.yaml

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Rules

contract_payment_maximum_term_years

Parameter

source: 12 USC 1701s(a)

- name: contract_payment_maximum_term_years
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: a period exceeding forty years
  versions:
    - effective_from: '0001-01-01'
      formula: '40'

pre_july_1969_annual_payment_cap

Parameter

source: 12 USC 1701s(a)

- name: pre_july_1969_annual_payment_cap
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: $150,000,000 per annum prior to July 1, 1969
  versions:
    - effective_from: '0001-01-01'
      formula: '150000000'

first_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: first_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: increased by $40,000,000, on July 1, 1969
  versions:
    - effective_from: '1969-07-01'
      formula: '40000000'

second_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: second_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: by $100,000,000 on July 1, 1970
  versions:
    - effective_from: '1970-07-01'
      formula: '100000000'

third_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: third_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: by $40,000,000 on July 1, 1971
  versions:
    - effective_from: '1971-07-01'
      formula: '40000000'

no_kitchen_facilities_contract_share_cap

Parameter

source: 12 USC 1701s(b)

- name: no_kitchen_facilities_contract_share_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 10 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.10'

fair_market_rent_payment_percentage

Parameter

source: 12 USC 1701s(d)

- name: fair_market_rent_payment_percentage
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: 70 per centum of the fair market rent
  versions:
    - effective_from: '0001-01-01'
      formula: '0.70'

adjusted_income_rent_contribution_percentage

Parameter

source: 12 USC 1701s(d)

- name: adjusted_income_rent_contribution_percentage
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: 30 per centum of the tenant's adjusted income
  versions:
    - effective_from: '0001-01-01'
      formula: '0.30'

annual_income_recertification_minimum_frequency_years

Parameter

source: 12 USC 1701s(e)

- name: annual_income_recertification_minimum_frequency_years
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: no less frequently than annually
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

contract_amendment_rent_increase_coverage_rate

Parameter

source: 12 USC 1701s(g)

- name: contract_amendment_rent_increase_coverage_rate
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: cover 100 percent of the necessary rent increases
  versions:
    - effective_from: '0001-01-01'
      formula: '1.00'

loan_property_unit_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: loan_property_unit_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not be made with respect to more than 20 per centum of the dwelling units
  versions:
    - effective_from: '0001-01-01'
      formula: '0.20'

section_236_property_unit_payment_increased_cap

Parameter

source: 12 USC 1701s(j)

- name: section_236_property_unit_payment_increased_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: increased to 40 per centum of the dwelling units
  versions:
    - effective_from: '0001-01-01'
      formula: '0.40'

paragraph_1_a_property_appropriation_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: paragraph_1_a_property_appropriation_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 5 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.05'

paragraph_1_b_and_1_c_property_appropriation_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: paragraph_1_b_and_1_c_property_appropriation_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 5 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.05'

mortgagee_application_payment_deadline_days

Parameter

source: 12 USC 1701s(m)

- name: mortgagee_application_payment_deadline_days
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(m)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not later than 45 days after receipt of an application
  versions:
    - effective_from: '0001-01-01'
      formula: '45'

mortgagee_application_submission_window_days

Parameter

source: 12 USC 1701s(m)

- name: mortgagee_application_submission_window_days
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(m)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: within 548 days after February 5, 1988
  versions:
    - effective_from: '1988-02-05'
      formula: '548'

rental_charge_within_fair_market_rental_limit

Derived

source: 12 USC 1701s(e)

- name: rental_charge_within_fair_market_rental_limit
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: >-
              in no event shall rental charges adjusted under this section for any dwelling exceed
              the fair market rental
  versions:
    - effective_from: '0001-01-01'
      formula: adjusted_rental_charge <= fair_market_rental

property_operation_costs_do_not_bar_payments

Derived

source: 12 USC 1701s(e)

- name: property_operation_costs_do_not_bar_payments
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: >-
              No payments under this section may be made with respect to any property for which the
              costs of operation ... are ... greater than similar costs
  versions:
    - effective_from: '0001-01-01'
      formula: not secretary_determines_property_operation_costs_are_greater_than_similar_housing_costs

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us/statute/12/1701s/b — “Housing owner” defined; limitation on payments to housing owner · Axiom

“Housing owner” defined; limitation on payments to housing owner

1 rule

Official source

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in view

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Encodings · 1

no_kitchen_facilities_contract_share_cap12 USC § 1701s (b) · parameter

12 USC 1701s(b)

name: no_kitchen_facilities_contract_share_cap
kind: parameter
dtype: Rate
source: 12 USC 1701s(b)
metadata:
  proof:
    atoms:
      - path: versions[0].formula
        kind: parameter
        source:
          corpus_citation_path: us/statute/12/1701s
          excerpt: not more than 10 per centum in the aggregate
versions:
  - effective_from: '0001-01-01'
    formula: '0.10'

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▸rulespec code

Shown source

statutes/12/1701s.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/12/1701s; no dedicated encoding exists for this exact provision yet.

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Rules

contract_payment_maximum_term_years

Parameter

source: 12 USC 1701s(a)

- name: contract_payment_maximum_term_years
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: a period exceeding forty years
  versions:
    - effective_from: '0001-01-01'
      formula: '40'

pre_july_1969_annual_payment_cap

Parameter

source: 12 USC 1701s(a)

- name: pre_july_1969_annual_payment_cap
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: $150,000,000 per annum prior to July 1, 1969
  versions:
    - effective_from: '0001-01-01'
      formula: '150000000'

first_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: first_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: increased by $40,000,000, on July 1, 1969
  versions:
    - effective_from: '1969-07-01'
      formula: '40000000'

second_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: second_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: by $100,000,000 on July 1, 1970
  versions:
    - effective_from: '1970-07-01'
      formula: '100000000'

third_annual_payment_cap_increase

Parameter

source: 12 USC 1701s(a)

- name: third_annual_payment_cap_increase
  kind: parameter
  dtype: Money
  unit: USD
  period: Year
  source: 12 USC 1701s(a)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: by $40,000,000 on July 1, 1971
  versions:
    - effective_from: '1971-07-01'
      formula: '40000000'

no_kitchen_facilities_contract_share_cap

Parameter

source: 12 USC 1701s(b)

- name: no_kitchen_facilities_contract_share_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(b)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 10 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.10'

fair_market_rent_payment_percentage

Parameter

source: 12 USC 1701s(d)

- name: fair_market_rent_payment_percentage
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: 70 per centum of the fair market rent
  versions:
    - effective_from: '0001-01-01'
      formula: '0.70'

adjusted_income_rent_contribution_percentage

Parameter

source: 12 USC 1701s(d)

- name: adjusted_income_rent_contribution_percentage
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(d)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: 30 per centum of the tenant's adjusted income
  versions:
    - effective_from: '0001-01-01'
      formula: '0.30'

annual_income_recertification_minimum_frequency_years

Parameter

source: 12 USC 1701s(e)

- name: annual_income_recertification_minimum_frequency_years
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: no less frequently than annually
  versions:
    - effective_from: '0001-01-01'
      formula: '1'

contract_amendment_rent_increase_coverage_rate

Parameter

source: 12 USC 1701s(g)

- name: contract_amendment_rent_increase_coverage_rate
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(g)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: cover 100 percent of the necessary rent increases
  versions:
    - effective_from: '0001-01-01'
      formula: '1.00'

loan_property_unit_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: loan_property_unit_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not be made with respect to more than 20 per centum of the dwelling units
  versions:
    - effective_from: '0001-01-01'
      formula: '0.20'

section_236_property_unit_payment_increased_cap

Parameter

source: 12 USC 1701s(j)

- name: section_236_property_unit_payment_increased_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: increased to 40 per centum of the dwelling units
  versions:
    - effective_from: '0001-01-01'
      formula: '0.40'

paragraph_1_a_property_appropriation_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: paragraph_1_a_property_appropriation_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 5 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.05'

paragraph_1_b_and_1_c_property_appropriation_payment_cap

Parameter

source: 12 USC 1701s(j)

- name: paragraph_1_b_and_1_c_property_appropriation_payment_cap
  kind: parameter
  dtype: Rate
  source: 12 USC 1701s(j)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not more than 5 per centum in the aggregate
  versions:
    - effective_from: '0001-01-01'
      formula: '0.05'

mortgagee_application_payment_deadline_days

Parameter

source: 12 USC 1701s(m)

- name: mortgagee_application_payment_deadline_days
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(m)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: not later than 45 days after receipt of an application
  versions:
    - effective_from: '0001-01-01'
      formula: '45'

mortgagee_application_submission_window_days

Parameter

source: 12 USC 1701s(m)

- name: mortgagee_application_submission_window_days
  kind: parameter
  dtype: Count
  source: 12 USC 1701s(m)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: within 548 days after February 5, 1988
  versions:
    - effective_from: '1988-02-05'
      formula: '548'

rental_charge_within_fair_market_rental_limit

Derived

source: 12 USC 1701s(e)

- name: rental_charge_within_fair_market_rental_limit
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: >-
              in no event shall rental charges adjusted under this section for any dwelling exceed
              the fair market rental
  versions:
    - effective_from: '0001-01-01'
      formula: adjusted_rental_charge <= fair_market_rental

property_operation_costs_do_not_bar_payments

Derived

source: 12 USC 1701s(e)

- name: property_operation_costs_do_not_bar_payments
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Year
  source: 12 USC 1701s(e)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: predicate
          source:
            corpus_citation_path: us/statute/12/1701s
            excerpt: >-
              No payments under this section may be made with respect to any property for which the
              costs of operation ... are ... greater than similar costs
  versions:
    - effective_from: '0001-01-01'
      formula: not secretary_determines_property_operation_costs_are_greater_than_similar_housing_costs