Regulacje i polityka gospodarcza · 13.12.1994

Affordable Housing Disposition Program

The Resolution Trust Corporation (RTC) is adopting the interim final rule which was published on October 19, 1994, as a final rule without change. The rule provides policies and procedures, required under subsections (c)(3) of section 21A of the Federal Home Loan Bank Act, for the marketing of properties under the Affordable Housing Disposition Program (AHDP). The rule is necessary because the Resolution Trust Corporation Refinancing, Restructuring and Improvement Act of 1991 (Refinancing Act), the Departments of Veterans Affairs, Housing and Urban Development and Independent Agencies Appropriations Act of 1992 (1992 Appropriations Act), the Housing and Community Development Act of 1992 (1992 Housing Act) and the Resolution Trust Corporation Completion Act of 1993 (Completion Act) changed the manner in which the RTC is to identify, market and sell certain properties under the AHDP. This rule also clarifies certain policies of the RTC regarding the disposition of assets in the AHDP and reflects certain comments received with respect to a previously published interim final rule. By implementing the statutory changes required by the Refinancing Act, the 1992 Appropriations Act, the 19