Title VI Low-Income Housing Preservation and Resident Homeownership Act ("LIHPRHA", 12 U.S.C. Secs. 4101 et seq.)

Prior federal preservation program designed to preserve federally assisted housing by providing financial incentives to owners to remain in the federal program, and by financing purchases by nonprofits and tenant organizations. While LIHPRHA has not been repealed, Congress defunded the program in FY 1998, and has provided no funding since then. The statute remains relevant because many owners executed preservation plans pursuant to its terms.