12 U.S.C. § 1469 : US Code - Section 1469: Authority to invest in State housing corporations

Search 12 U.S.C. § 1469 : US Code - Section 1469: Authority to invest in State housing corporations

The Congress finds that Federal savings and loan associations and
national banks should have the authority to assist in financing the
organization and operation of any State housing corporation
established under the laws of the State in which the corporation
will carry on its operation. It is the purpose of this section to
provide a means whereby private financial institutions can assist
in providing housing, particularly for families of low- or moderate-
income, by purchasing stock of and investing in loans to any such
State housing corporation situated in the particular State in which
the Federal savings and loan association or national bank involved
is located.