---
kind: "section"
citation: "42 U.S.C. § 12877"
title: "42"
title_heading: "The Public Health and Welfare"
number: "12877"
heading: "Exemption"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/42/12877"
units:
  - "Chapter 130 — National Affordable Housing"
  - "Subchapter IV — Hope for Homeownership of Multifamily and Single Family Homes"
  - "Part A — HOPE for Homeownership of Multifamily Units"
---

# §12877. Exemption


[Eligible property](/usc/42/12876.md?p=3) covered by a [homeownership program](/usc/42/12876.md?p=4) approved under this part shall not be subject to—

- (1) the Low-Income [Housing](/usc/42/12704.md?p=8) Preservation and Resident Homeownership Act of 1990 [[12 U.S.C. 4101](/usc/12/4101.md) et seq.], or
- (2) the requirements of [section 1701z–11 of title 12](/usc/12/1701z–11.md) applicable to the sale of [projects](/usc/42/13641.md?p=2) either at foreclosure or after acquisition by the [Secretary](/usc/42/12704.md?p=16).

## Source credit

(Pub. L. 101–625, title IV, § 427, Nov. 28, 1990, 104 Stat. 4171.)

## Notes

### Editorial Notes

### References in Text

The Low-Income Housing Preservation and Resident Homeownership Act of 1990, referred to in par. (1), is title II of Pub. L. 100–242, as amended by Pub. L. 101–625, title VI, § 601(a), Nov. 28, 1990, 104 Stat. 4249, which is classified principally to chapter 42 (§ 4101 et seq.) of Title 12, Banks and Banking. For complete classification of this Act to the Code, see Short Title note set out under section 4101 of Title 12 and Tables.