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Latest Action: 10/03/2008 - Pursuant to the provisions of H. Res. 1525, the House moved to agree to the Senate amendments. (consideration: CR H10712-10806) Bill TextA bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes. 10/3/2008--Public Law. (There are 6 other summaries) (This measure has not been amended since it was passed by the Senate on October 1, 2008. The summary of that version is repeated here.)Division A: Emergency Economic Stabilization - Emergency Economic Stabilization Act of 2008 - Title I: Troubled Assets Relief Program - (Sec. 101) Authorizes the Secretary of the Treasury (Secretary) to establish the Troubled Asset Relief Program (TARP) to purchase troubled assets from any financial [...] show full description
Also tagged in: Authorization, Bonds, Budgets, Delegation of powers, Department of Housing and Urban Development, Disabled, Executive departments, Federal aid to housing, Federal-local relations, Federal-state relations, Finance, Housing, Housing authorities, Housing finance, Housing for the disabled, Housing subsidies, Income tax, Leases, Low-income housing, Nonprofit organizations, Public contracts, Public housing, Rental housing, Social services, Tax credits, Taxation, Welfare
Latest Action: 10/02/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo amend section 811 of the Cranston-Gonzalez National Affordable Housing Act to improve the program under such section for supportive housing for persons with disabilities. 4/10/2008--Introduced. Frank Melville Supportive Housing Investment Act of 2008 - Amends the Cranston-Gonzalez National Affordable Housing Act (the Act) to revise requirements for supportive housing for persons with disabilities. (Retains authority to provide such assistance to private nonprofit organizations to expand the supply of such housing.) Repeals the authority of the Secretary of Housing and Urban Development to provide tenant-based rental assistance directly to eligible persons with disabilities. Authorizes appropriations for such assistance under section 8 (rental voucher program) of the United States Housing Act of 1937 for persons with disabilities in FY2009. Modifies project rental assistance contract requirements, including renewal of, and increases in, annual contract [...] show full description
Also tagged in: Affordable housing, Budgets, Federal aid to housing, Federally-guaranteed loans, Finance, Foreclosure, Government information, Government publicity, Housing, Housing authorities, Housing subsidies, Local government, Low-income housing, Mortgage guaranty insurance, Mortgages, Politics and government, Real estate appraisal, Rental housing, State and local government, State politics and government, Welfare
Latest Action: 03/16/2007 - Referred to the Subcommittee on Housing and Community Opportunity. Bill TextTo preserve affordable housing opportunities for low-income families, and for other purposes. 1/4/2007--Introduced. Stabilizing Affordable Housing for the Future Act - Amends the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997 and the Housing and Community Development Amendments of 1978 to: (1) repeal certain conditions on the authority of the Secretary of Housing and Urban Development to manage multifamily projects; and (2) authorize the Secretary to provide grants (including up-front grants) and loans from the General Insurance Fund when managing and disposing of such properties. Instructs the Secretary to maintain rental assistance payments for dwelling units in any multifamily property program administered by the Secretary. Amends the Deficit Reduction Act of 2005 to redefine loan market value and property market value with respect to physically distressed properties sold by HUD in discount [...] show full description
Also tagged in: Aged, Budgets, Condominium (Housing), Cooperative housing, Disasters, Emergency management, Families, Federal aid to housing, Federally-guaranteed loans, Finance, Housing, Housing for the aged, Moderate income housing, Mortgages, Rental housing, Residential rehabilitation, Urban affairs, Urban renewal
Latest Action: 01/04/2007 - Referred to the House Committee on Financial Services. Bill TextTo amend the National Housing Act to increase the mortgage amount limits applicable to FHA mortgage insurance for multifamily housing located in high-cost areas. 1/4/2007--Introduced. FHA Multifamily Loan Limit Adjustment Act of 2007 - Amends the National Housing Act to increase high-cost area and project-based additional mortgage loan limits for Federal Housing Administration (FHA)-insured mortgages for: (1) rental housing; (2) cooperative housing; (3) rehabilitation and neighborhood conservation housing insurance; (4) moderate income and displaced family housing; (5) housing for the elderly; and (6) condominiums.
Also tagged in: Affordable housing, Disaster relief, Emergency management, Finance, Housing, Housing management, Housing subsidies, Mortgages, Nonprofit organizations, Rent, Social services
Latest Action: 01/04/2007 - Sponsor introductory remarks on measure. (CR S127) Bill TextA bill to extend for 5 years the Mark-to-Market program of the Department of Housing and Urban Development. 1/4/2007--Introduced. Mark-to-Market Extension Act of 2007 - Amends the Multifamily Assisted Housing Reform and Affordability Act of 1997 to reauthorize through FY2011: (1) the Federal Housing Administration (FHA)-insured MultifamilyHousing Mortgage and Housing Assistance Restructuring (Mark-to-Market) program; and (2) the Office of Multifamily Housing Assistance Restructuring. Permits the Secretary of Housing and Urban Development to waive rent level limits for: (1) disaster-damaged eligible projects; and (2) up to 9% (currently 5%) of all units subject to restructured mortgages in any fiscal year, based on certain findings of special need. Redefines multifamily housing project eligible for the Mark-to-Market program to authorize eligibility treatment, upon owner request, for certain projects whose rents do not, on an average per unit or per room basis,[...] show full description
Also tagged in: Auctions, Auditing, Budgets, Building laws, Business, Condominium (Housing), Congress, Congressional investigations, Congressional reporting requirements, Cooperative housing, Disaster insurance, Earthquakes, Economic policy, Emergency management, Executive departments, Federal advisory bodies, Finance, Fires, Floods, Government information, Government liability, Government paperwork, Government publicity, Government trust funds, Housing, Hurricanes, Income tax, Indexing (Economic policy), Insurance companies, Insurance premiums, Law, Property insurance, Public contracts, Reinsurance, Restrictive trade practices, State and local government, State laws, Tsunamis, Volcanoes, Water resources
Latest Action: 01/09/2007 - Referred to the House Committee on Financial Services. Bill TextTo establish a Federal program to provide reinsurance to improve the availability of homeowners' insurance. 1/9/2007--Introduced. Homeowners' Insurance Availability Act of 2007 - Instructs the Secretary of the Treasury to implement a reinsurance coverage program available only through contracts for reinsurance coverage purchased at regional auctions. States that the purpose of the program is to improve: (1) the availability of homeowners' insurance for the purpose of facilitating the pooling, and spreading the risk, of catastrophic financial losses from disasters; and (2) the solvency of the homeowners' insurance markets. Prescribes implementation guidelines that include establishment: (1) in the Treasury of the Disaster Reinsurance Fund; and (2) of a National Commission on Catastrophe Risks and Insurance Loss Costs.
Also tagged in: Accounting, Administrative fees, Architecture, Building construction, Commemorations, Condominium (Housing), Cooperative housing, Depressed areas, Economic policy, Enterprise zones, Finance, Historic sites, History, Home ownership, Home repair and improvement, Housing, Humanities, Income tax, Investment tax credit, Law, Low-income housing, Mortgage banks, Mortgage interest rates, Mortgages, Natural resources, Public lands, Rental housing, Tax credits, Tax exclusion, Taxation, Urban affairs, Valuation, Welfare
Latest Action: 02/05/2007 - Sponsor introductory remarks on measure. (CR H1155) Bill TextTo amend the Internal Revenue Code of 1986 to expand the incentives for the rehabilitation of older buildings, including owner-occupied residences. 1/22/2007--Introduced. Preserve Historic America Act of 2007 - Amends the Internal Revenue Code to modify the tax credit for rehabilitation of older and historic buildings by: (1) increasing from 20 to 25% the tax credit rate for certified historic structure rehabilitation expenditures; (2) permitting a building at least 50 years old to qualify for the rehabilitation tax credit (currently, a building must have been placed in service before 1936); (3) permitting qualified rehabilitated buildings to be used for lodging purposes; (4) limiting to 50% the basis reduction for buildings qualifying for the low-income housing and rehabilitation tax credits; (5) allowing an increased rehabilitation tax credit for certain buildings in difficult development areas or which qualify as small rehabilitation projects; (6) exempting tax credits [...] show full description
Also tagged in: Affordable housing, Disaster relief, Emergency management, Finance, Housing, Housing management, Housing subsidies, Mortgages, Nonprofit organizations, Rent, Social services
Latest Action: 10/23/2007 - Committee Hearings Held. Bill TextTo extend for 5 years the Mark-to-Market program of the Department of Housing and Urban Development. 1/23/2007--Introduced. Mark-to-Market Extension Act of 2007 - Amends the Multifamily Assisted Housing Reform and Affordability Act of 1997 to reauthorize through FY2011: (1) the Federal Housing Administration (FHA)-insured Multifamily Housing Mortgage and Housing Assistance Restructuring (Mark-to-Market) program; and (2) the Office of Multifamily Housing Assistance Restructuring. Permits the Secretary of Housing and Urban Development to waive rent level limits for: (1) disaster-damaged eligible projects; and (2) up to 9% (currently 5%) of all units subject to restructured mortgages in any fiscal year, based on certain findings of special need. Redefines multifamily housing project eligible for the Mark-to-Market program to authorize eligibility treatment, upon owner request, for certain projects whose rents do not, on an average per unit or per room basis, exceed [...] show full description
Also tagged in: Affordable housing, Building laws, Cooperative housing, Finance, Home repair and improvement, Housing, Mortgages, Public contracts, Real estate appraisal, Rental housing, Residential rehabilitation, Surplus government property
Latest Action: 04/12/2007 - Referred to the Subcommittee on Housing and Community Opportunity. Bill TextTo provide for more accurate valuation of multifamily housing properties, and loans for such properties, that are sold at a discount by the Department of Housing and Urban Development to facilitate acquisition of such properties that maintains the properties as affordable housing. 1/24/2007--Introduced. Pathway to Preservation Act of 2007 - Amends the Deficit Reduction Act of 2005 to redefine "loan market value," which currently means the value of a multifamily (rental or cooperative housing project) loan, without taking into account any affordability requirements. Repeals the condition that affordability requirements not be taken into account. Defines "loan market value" as the value of a multifamily (rental or cooperative housing project) loan using industry standard appraisal practices, including consideration of the cost of repairs needed for the property subject to the loan to comply with minimum safety and building standards and the cost of maintaining [...] show full description
Also tagged in: Administrative procedure, Air conditioning, Alternative energy sources, Building construction, Business, Cogeneration of electric power and heat, Computer software, Department of Energy, Employee training, Energy, Energy conservation, Energy conservation in buildings, Energy efficiency, Executive departments, Fuel cells, Heat pumps, Heating, Housing, Income tax, Investment tax credit, Job training, Law, Lighting, Office buildings, Solar energy, Standards, Tax credits, Tax deductions, Taxation, Technology
Latest Action: 03/08/2007 - Sponsor introductory remarks on measure. (CR S2918-2919) Bill TextA bill to amend the Internal Revenue Code of 1986 to improve and extend certain energy-related tax provisions, and for other purposes. 3/8/2007--Introduced. EXTEND the Energy Efficiency Incentives Act of 2007 - Amends the Internal Revenue Code to: (1) to allow individual taxpayers a tax credit, through 2011, for residential energy efficiency expenditures certified to achieve certain levels of energy savings; (2) modify standards for nonbusiness energy property (i.e., air conditioners, heat pumps, water heaters, etc.) and extend the tax credit for such property through 2011; (3) revise the tax credit for solar electric and hot water property to include all technologies for solar-derived electricity; (4) extend through 2011 the tax credit for new energy efficient homes; (5) extend through 2014 the tax deduction for energy efficient commercial buildings and increase the maximum amount of such deduction; (6) allow tax deductions for energy efficient low-rise buildings used for [...] show full description
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Latest Legislation - View All
Also tagged in: Agricultural wastes, Agriculture, Air pollution, Alaska, Alcohol as fuel, Alternative energy sources, Armed forces, Bicycles, Biomass energy, Block grants, Bonds, Budgets, Building laws, Business, Business ethics, Buy American, Car pools, Carbon dioxide, Cellulose, Coal, Coastal zone, Cogeneration of electric power and heat, Congress, Congressional reporting requirements, Continental shelf, Corporation taxes, Defense economics, Depreciation and amortization, Diesel motor, Economic policy, Education, Electric appliances, Electric power production, Electric utilities, Electric vehicles, Energy, Energy conservation, Energy crops, Energy development, Energy efficiency, Energy prices, Energy research, Energy security, Energy transportation, Environmental protection, Excise tax, Export controls, Federal aid to education, Federal aid to research, Federal aid to transportation, Federal-state relations, Federally-guaranteed loans, Fees, Fringe benefits, Fuel cells, Gas in submerged lands, Gas industry, Gifts, Government information, Government lending, Government procurement, Government publicity, Green products, Hawaiians, Heat pumps, Higher education, Housing, Housing finance, Housing subsidies, Hydroelectric power, Hydrogen, Income tax, Indian housing, Indians, Inspectors general, Investment tax credit, Labor, Labor contracts, Law, Low-income housing, Marine resources, Marine resources conservation, Mass rapid transit, Minorities, Minority business enterprises, Mortgage guaranty insurance, Mortgages, Motor vehicle pollution control, Natural gas, Natural resources, New York City, Ocean energy resources, Office buildings, Oil and gas leases, Oil and gas royalties, Oil pollution, Oil shales, Oil well drilling, Oils and fats, Petroleum, Petroleum in submerged lands, Petroleum industry, Petroleum reserves, Pipelines, Politics and government, Property insurance, Public contracts, Public housing, Real estate appraisal, Refuse as fuel, Rental housing, Research grants, Rural affairs, Rural economic development, Rural housing, Science policy, Service stations, Small business, Solar energy, Solid wastes, State and local government, Strategic materials, Subpoena, Sustainable development, Tax administration, Tax credits, Tax deductions, Tax exclusion, Tax exemption, Tax incentives, Taxation, Technological innovations, Technology, Tidal power, Trade, Transportation, Trucks, Urban affairs, Urban economic development, Welfare, Wind power, Women, Women in business
Latest Action: 09/18/2008 - Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Bill TextTo advance the national security interests of the United States by reducing its dependency on oil through renewable and clean, alternative fuel technologies while building a bridge to the future through expanded access to Federal oil and natural gas resources, revising the relationship between the oil and gas industry and the consumers who own those resources and deserve a fair return from the development of publicly owned oil and gas, ending tax subsidies for large oil and gas companies, and facilitating energy efficiencies in the building, housing, and transportation sectors, and for other purposes. 9/15/2008--Introduced. Comprehensive American Energy Security and Consumer Protection Act - Prohibits oil and gas preleasing or leasing of any area of the Outer Continental Shelf that was not available for oil and gas leasing as of July 1, 2008, unless that action is expressly authorized by this Act or a statute enacted by Congress after the date of enactment of this Act. [...] show full description
Also tagged in: Aged, Authorization, Budgets, Congress, Congressional reporting requirements, Cooperative societies, Disabled, Disaster relief, Emergency management, Federal aid to housing, Home repair and improvement, Housing, Housing for the aged, Housing for the disabled, Hurricanes, Louisiana, Low-income housing, Nonprofit organizations, Public contracts, Rent, Residential rehabilitation, Social services, Welfare
Latest Action: 07/31/2008 - Referred to the House Committee on Financial Services. Bill Text
To provide additional funds for affordable housing for low-income seniors, disabled persons, and others who lost their homes as a result of Hurricanes Katrina and Rita.
Also tagged in: Aged, Authorization, Budgets, Congress, Congressional reporting requirements, Cooperative societies, Disabled, Disaster relief, Emergency management, Federal aid to housing, Home repair and improvement, Housing, Housing for the aged, Housing for the disabled, Hurricanes, Louisiana, Low-income housing, Nonprofit organizations, Public contracts, Rent, Residential rehabilitation, Social services, Welfare
Latest Action: 05/02/2008 - Sponsor introductory remarks on measure. (CR S3744-3746, S3747-3748) Bill TextA bill to provide additional funds for affordable housing for low-income seniors, disabled persons, and others who lost their homes as a result of Hurricanes Katrina and Rita. 5/2/2008--Introduced. Gulf Coast Multifamily and Assisted Housing Recovery Act - Amends the Housing Act of 1959 to authorize additional appropriations to the Secretary of Housing and Urban Development to provide assistance to private nonprofit organizations and consumer cooperatives to expand the supply of supportive housing for low-income elderly persons meeting certain criteria relating to Hurricanes Katrina and Rita in 2005. Amends the Cranston-Gonzalez National Affordable Housing Act to authorize additional appropriations to the Secretary to provide the same kind of assistance for low-income persons with disabilities. Authorizes appropriations for the redevelopment (rebuilding or replacement) of housing authorized under the Housing Act of 1959 which was damaged or destroyed by [...] show full description
Latest Action: 05/08/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo facilitate the preservation of certain affordable housing dwelling units. 5/7/2008--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.)Authorizes the Secretary of Housing and Urban Development (HUD), upon request of the owner of a multifamily housing project to which specified contracts are subject, to: (1) convert such contracts to a contract for project-based rental assistance under section 8 of the United States Housing Act of 1937; and (2) treat the contemplated resulting contract as eligible for initial renewal under the Multifamily Assisted Housing Reform and Affordability Act of 1997, if certain conditions are met.Deems the owner to be in compliance with income-targeting requirements of the United States Housing Act of 1937 by serving low-income families.Considers each family residing in an assisted [...] show full description
Also tagged in: Authorization, Bonds, Budgets, Delegation of powers, Department of Housing and Urban Development, Disabled, Executive departments, Federal aid to housing, Federal-local relations, Federal-state relations, Finance, Housing, Housing authorities, Housing finance, Housing for the disabled, Housing subsidies, Income tax, Leases, Low-income housing, Nonprofit organizations, Public contracts, Public housing, Rental housing, Social services, Tax credits, Taxation, Welfare
Latest Action: 10/02/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo amend section 811 of the Cranston-Gonzalez National Affordable Housing Act to improve the program under such section for supportive housing for persons with disabilities. 4/10/2008--Introduced. Frank Melville Supportive Housing Investment Act of 2008 - Amends the Cranston-Gonzalez National Affordable Housing Act (the Act) to revise requirements for supportive housing for persons with disabilities. (Retains authority to provide such assistance to private nonprofit organizations to expand the supply of such housing.) Repeals the authority of the Secretary of Housing and Urban Development to provide tenant-based rental assistance directly to eligible persons with disabilities. Authorizes appropriations for such assistance under section 8 (rental voucher program) of the United States Housing Act of 1937 for persons with disabilities in FY2009. Modifies project rental assistance contract requirements, including renewal of, and increases in, annual contract [...] show full description
Also tagged in: Affordable housing, Aged, Budgets, Congregate housing, Data banks, Emergency management, Federal aid to housing, Federal-local relations, Federal-state relations, Federally-guaranteed loans, Government information, Government publicity, Homeless, Housing, Housing authorities, Housing finance, Housing for the aged, Housing subsidies, Internet, Landlord and tenant, Low-income housing, Mortgage guaranty insurance, Mortgages, Nonprofit organizations, Public contracts, Public housing, Real estate development, Rent, Rental housing, Social services, State and local government, Technology, Telecommunication, Telephone, Web sites, Welfare
Latest Action: 03/10/2008 - Sponsor introductory remarks on measure. (CR S1814) Bill TextA bill to amend section 202 of the Housing Act of 1959 to improve the program under such section for supportive housing for the elderly, and for other purposes. 3/7/2008--Introduced. Section 202 Supportive Housing for the Elderly Act of 2008 - Amends the Housing Act of 1959 regarding project rental assistance for supportive housing for the elderly. Changes from discretionary to mandatory the authority of the Secretary of Housing and Urban Development (HUD) to adjust the annual amount of a contract for project rental assistance to provide for reasonable project costs. Directs the Secretary to delegate review and processing of selected capital advance projects to a state or local housing agency meeting specified criteria. States that owner deposits shall be used only to cover operating deficits during the first three years of operations and shall not be used to cover construction shortfalls or inadequate initial project rental assistance amounts. Allows [...] show full description
Also tagged in: Administrative procedure, Afghanistan, Armed forces, Bonds, Budgets, Condominium (Housing), Congress, Congressional investigations, Congressional reporting requirements, Consumer credit, Consumers, Cooperative housing, Counseling, Damages, Defense policy, Department of the Treasury, Economic policy, Energy, Energy efficiency, Executive departments, Federal aid to housing, Federally-guaranteed loans, Fees, Finance, Foreclosure, Fraud, Government trust funds, Hawaiians, Home equity conversion, Home ownership, Housing, Income tax, Indexing (Economic policy), Indian housing, Insurance premiums, Iraq, Iraq compilation, Law, Leases, Liability (Law), Loan defaults, Losses, Middle East and North Africa, Military operations, Minimum tax, Minorities, Mobile homes, Mortgage guaranty insurance, Mortgage interest rates, Mortgages, Performance measurement, Rental housing, Residential rehabilitation, Single family housing, Social services, South Asia, Tax credits, Tax deductions, Taxation, Trusts and trustees, Veterans
Latest Action: 03/11/2008 - Star Print ordered on the bill. Bill TextA bill to aid families and neighborhoods facing home foreclosure and address the subprime mortgage crisis. 3/7/2008--Introduced. Security Against Foreclosures and Education Act, or the SAFE Act - Amends the Internal Revenue Code to allow proceeds of qualified mortgage bonds to be used to refinance certain residential subprime loans. Requires the Neighborhood Reinvestment Corporation to continue to award expeditiously certain funds already provided for mortgage foreclosure counseling. Amends the Code to allow purchasers of certain single-family principal residences a one-time tax credit. Amends the Truth in Lending Act to: (1) revise creditor mortgage loan disclosure requirements; and (2) increase civil damages for noncompliance with such Act. Amends the Code to: (1) allow a five-year carryback of net operating losses for certain taxable years; and (2) suspend through taxable year 2009 the 90% of alternative minimum taxable income limit for certain [...] show full description
Also tagged in: Administrative fees, Budgets, Communications, Congress, Congressional investigations, Consumer credit, Consumers, Credit bureaus, Disabled, Economic policy, Employment of the disabled, English language, Federal aid to housing, Finance, Government information, Government paperwork, Home ownership, Housing, Housing for the disabled, Housing subsidies, Income, Income tax, Labor, Law, Low-income housing, Public housing, Rent, Tax credits, Taxation, Welfare, Welfare eligibility
Latest Action: 04/16/2008 - Committee on Banking, Housing, and Urban Affairs Senate Subcommittee on Housing, Transportation and Community Development. Hearings held. Bill TextA bill to reform the housing choice voucher program under section 8 of the United States Housing Act of 1937. 3/3/2008--Introduced. Section 8 Voucher Reform Act of 2008 - Amends the United States Housing Act of 1937 to revise requirements for public housing agency (PHA) inspections of each dwelling unit for which a housing assistance payment contract is established. Requires an initial inspection before any assistance payment is made. Allows such payments if failure to meet standards is a result only of non-life threatening conditions.Permits a PHA, in the case of projects receiving certain federal housing subsidies, to authorize occupancy before completion of an initial inspection.Requires biennial inspections (currently annual inspections) to determine compliance. Provides, upon a family's request, for interim inspections.Prescribes requirements for reviews and calculation of family income.Prescribes eligibility criteria for assistance based upon [...] show full description
Also tagged in: Affordable housing, Budgets, Building construction, Citizen participation, Congressional reporting requirements, Counseling, Criminal justice, Data banks, Education, Electronic government information, Elementary and secondary education, Emergency management, Energy, Energy conservation, Energy conservation in buildings, Environmental protection, Federal aid to housing, Federal aid to Indians, Federally-guaranteed loans, Finance, Fire fighters, Government employees, Government information, Government publicity, Government trust funds, Green products, Housing, Housing finance, Housing subsidies, Indian housing, Indians, Insurance premiums, Law enforcement officers, Local employees, Low-income housing, Medical care, Medicine, Minorities, Mortgage guaranty insurance, Paramedical personnel, Police, Politics and government, Public housing, Rental housing, Single family housing, Social services, State and local government, State employees, Teachers, Technology, Telecommunication, Water conservation, Water resources, Welfare
Latest Action: 12/19/2007 - Sponsor introductory remarks on measure. (CR S16014-16015) Bill TextA bill to establish the National Affordable Housing Trust Fund in the Treasury of the United States to provide for the construction, rehabilitation, and preservation of decent, safe, and affordable housing for low-income families. 12/19/2007--Introduced. National Affordable Housing Trust Fund Act of 2007 - Amends the Cranston-Gonzalez National Affordable Housing Act to establish in the Treasury a National Affordable Housing Trust Fund available to the Secretary of Housing and Urban Development to provide assistance to states, Indian tribes, insular areas, and participating local jurisdictions to increase the supply of decent quality affordable housing, especially for low-income, extremely low-income, and very poor families. Prohibits the use of appropriations to the Fund for a fiscal year unless the amount equal to the net increase in the negative credit subsidy for specified mortgage insurance programs is first made available for: (1) single family housing mortgage [...] show full description
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