Nonpartisan civic infrastructure
AllCiv·Legis1
·

12 U.S.C. § 403

U.S. CodeFederal
CONTENTS.
About This Law
pg_id_13100::119-84
Title
12 — Banks and Banking
Chapter
CH13
Release
119-84
Release Date
2026-04-17

Section Text

Highlight any text to annotate
“(a) In General.—Each comprehensive needs assessment submitted under this title for a covered multifamily housing property or a covered multifamily housing property for the elderly shall contain the following information with respect to the property:“(1) A description of any financial or other assistance currently needed for the property to ensure that the property is maintained in a livable condition and to ensure the financial viability of the project. “(2) A description of any financial or other assistance for the property that, at the time of the assessment, is reasonably foreseeable as necessary to ensure that the property is maintained in a livable condition and to ensure the financial viability of the project, during the remaining useful life of the property. “(3) A description of any resources available for meeting the current and future needs of the property described under paragraphs (1) and (2) and the likelihood of obtaining such resources. “(4) A description of any assistance needed for the property under programs administered by the Secretary. “(b) Projects for the Elderly.—Each comprehensive needs assessment for a covered multifamily housing property for the elderly shall include, in addition to the information required under subsection (a), the following information with respect to the property:“(1) A description of the supportive service needs of such residents and any supportive services provided to elderly residents of the property. “(2) A description of any modernization needs and activities for the property. “(3) A description of any personnel needs for the property.

Take Action

Your position
Add a comment
to comment on this section.
Annotate the text
Highlight any passage on the Full Text tab to attach a note. Annotations appear on the Annotations tab.