§ 1701r. — Congressional findings respecting housing for senior citizens.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1701r]
TITLE 12--BANKS AND BANKING
CHAPTER 13--NATIONAL HOUSING
Sec. 1701r. Congressional findings respecting housing for senior
citizens
The Congress finds that there is a large and growing need for
suitable housing for older people both in urban and rural areas. Our
older citizens face special problems in meeting their housing needs
because of the prevalence of modest and limited incomes among the
elderly, their difficulty in obtaining liberal long-term home mortgage
credit, and their need for housing planned and designed to include
features necessary to the safety and convenience of the occupants in a
suitable neighborhood environment. The Congress further finds that the
present programs for housing the elderly under the Department of Housing
and Urban Development have proven the value of Federal credit assistance
in this field and at the same time demonstrated the urgent need for an
expanded and more comprehensive effort to meet our responsibilities to
our senior citizens.
(Pub. L. 87-723, Sec. 2, Sept. 28, 1962, 76 Stat. 670; Pub. L. 90-19,
Sec. 19, May 25, 1967, 81 Stat. 25.)
Codification
Section was enacted as part of the Senior Citizens Housing Act of
1962, and not as part of the National Housing Act which comprises this
chapter.
Amendments
1967--Pub. L. 90-19 substituted ``Department of Housing and Urban
Development'' for ``Housing and Home Finance Agency'' in second
sentence.
