Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 24 - Housing and Urban Development |
Subtitle B - Regulations Relating to Housing and Urban Development |
Chapter V - Office of Assistant Secretary for Community Planning and Development, Department of Housing and Urban Development |
SubChapter C - Community Facilities |
Part 573 - Loan Guarantee Recovery Fund |
§ 573.1 - Authority and purpose.
Latest version.
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§ 573.1 Authority and purpose.
Section 4 of the Church Arson Prevention Act of 1996 (Pub. L. 104-155, approved July 3, 1996) authorizes HUD to guarantee loans made by financial institutions to certain nonprofit organizations to finance activities designed to remedy the damage and destruction to real and personal property caused by acts of arson or terrorism. This part establishes the general procedures and requirements that apply to HUD's guarantee of these loans.