**(a)** The Congress finds that—
(1) the neighborhood housing services demonstration of the Urban Reinvestment Task Force has proven its worth as a successful program to revitalize older urban neighborhoods by mobilizing public, private, and community resources at the neighborhood level; and
(2) the demand for neighborhood housing services programs in cities throughout the United States warrants the creation of a public corporation to institutionalize and expand the neighborhood housing services program and other programs of the present Urban Reinvestment Task Force.
**(b)** The purpose of this subchapter is to establish a public corporation which will continue the joint efforts of the Federal financial supervisory agencies and the Department of Housing and Urban Development to promote reinvestment in older neighborhoods by local financial institutions working cooperatively with community people and local government, and which will continue the nonbureaucratic approach of the Urban Reinvestment Task Force, relying largely on local initiative for the specific design of local programs.
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Stable record: federal_law:legal_authorities:record_usc_74e23fa7da2016dc561f9213 Source file: Laws/federal/codes/united-states-code/title-42/section-8101-congressional-findings-and-declaration-of-purpose--4d191c258a.md Pages: Not recorded – Not recorded Passage SHA-256: a609f44911ca7eb21b5a18f46fbc1c769d3610974d302927d7ea15edfd856fdc Retained source evidence SHA-256: ce100bfb5764e54b62c8666ee35d6422bc4d80b87b607961e3f53404bf9562d8
Source location: Title 42, Chapter 90, § 8101; chapter-090-neighborhood-and-city-reinvestment-self-help-and-revitalization.md
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**(a)** The Congress finds that—
(1) the neighborhood housing services demonstration of the Urban Reinvestment Task Force has proven its worth as a successful program to revitalize older urban neighborhoods by mobilizing public, private, and community resources at the neighborhood level; and
(2) the demand for neighborhood housing services programs in cities throughout the United States warrants the creation of a public corporation to institutionalize and expand the neighborhood housing services program and other programs of the present Urban Reinvestment Task Force.
**(b)** The purpose of this subchapter is to establish a public corporation which will continue the joint efforts of the Federal financial supervisory agencies and the Department of Housing and Urban Development to promote reinvestment in older neighborhoods by local financial institutions working cooperatively with community people and local government, and which will continue the nonbureaucratic approach of the Urban Reinvestment Task Force, relying largely on local initiative for the specific design of local programs.
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Federal law — U.S. Code and appendices · legal_authorities
§ 8101. Congressional findings and declaration of
purpose
(a) The Congress finds that—
(1) the neighborhood housing services dem-
onstration of the Urban Reinvestment Task
Force has proven its worth as a successful pro-
gram to revitalize older urban neighborhoods
by mobilizing public, private, and community
resources at the neighborhood level; and
(2) the demand for neighborhood housing
services programs in cities throughout the
United States warrants the creation of a pub-
lic corporation to institutionalize and expand
the neighborhood housing services program
and other programs of the present Urban Rein-
vestment Task Force.
(b) The purpose of this subchapter is to estab-
lish a public corporation which will continue the
joint efforts of the Federal financial supervisory
agencies and the Department of Housing and
Urban Development to promote reinvestment in
older neighborhoods by local financial institu-
tions working cooperatively with community
people and local government, and which will
continue the nonbureaucratic approach of the
Urban Reinvestment Task Force, relying largely
on local initiative for the specific design of local
programs.
(Pub. L. 95–557, title VI, § 602, Oct. 31, 1978, 92
Stat. 2115.)
Statutory Notes and Related Subsidiaries
SHORT TITLE
Pub. L. 95–557, title VI, § 601, Oct. 31, 1978, 92 Stat.
2115, provided that: ‘‘This title [enacting this sub-
chapter] may be cited as the ‘Neighborhood Reinvest-
ment Corporation Act’.’’
Pub. L. 95–557, title VII, § 701, Oct. 31, 1978, 92 Stat.
2119, which provided that such title, which was classi-
fied to subchapter II of this chapter, was to be cited as
the ‘‘Neighborhood Self-Help Development Act of 1978’’,
was repealed by Pub. L. 97–35, title III, § 313(a), Aug. 13,
1981, 95 Sta