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Latest Action: 07/15/2008 - Message on Senate action sent to the House. Bill TextA bill to provide needed housing reform and for other purposes. 4/10/2008--Passed Senate amended. (There are 2 other summaries) Foreclosure Prevention Act of 2008 - Title I: FHA Modernization Act of 2008 - FHA Modernization Act of 2008 - Subtitle A: Building American Homeownership - Building American Homeownership Act of 2008 - (Sec. 112) Amends the National Housing Act (NHA) to revise mortgage insurance eligibility requirements. Alters the respective formulas to increase the percentages of the maximum principal loan obligations applicable to family residences located in: (1) the United States; and (2) Alaska, Guam, Hawaii, or the Virgin Islands. Prohibits the maximum principal loan obligation from exceeding 100% of the appraised value of the property. (Sec. 113) Increases from 3% to 3.5% of the appraised value of a property the mortgagor's required cash (or equivalent) investment (downpayment). Prohibits any funds for such [...] show full description
Also tagged in: Administrative procedure, Affordable housing, Auditing, Authorization, Block grants, Budgets, Department of Housing and Urban Development, Economic policy, Executive departments, Federal aid to housing, Federal aid to Indians, Federally-guaranteed loans, Finance, Governmental investigations, Housing, Income tax, Indian economic development, Indian housing, Indians, Law, Performance measurement, Rural affairs, Tax credits, Taxation, Welfare
Latest Action: 07/17/2008 - Mr. Roskam moved that the House instruct conferees. (consideration: CR H6681-6688; text: CR H6681) Bill TextA bill to amend the Native American Housing Assistance and Self-Determination Act of 1996 to reauthorize that Act, and for other purposes. 5/22/2008--Passed Senate amended. (There are 2 other summaries) Native American Housing Assistance and Self-determination Reauthorization Act of 2007 - Title I: Block Grants and Grant Requirements - (Sec. 101) Amends the Native American Housing Assistance and Self-determination Act of 1996 (NAHASDA) to expand the authority of Indian tribes to: (1) carry out self-determined housing activities for tribal communities programs; (2) access federal sources of supply on the same basis as employees of an executive agency; and (3) follow tribal preference in contracting and employment.(Sec. 102) Revises reporting requirements for Indian tribes receiving grants under NAHASDA and the standards for review of Indian housing plans by the Secretary of Housing and Urban Development (HUD).(Sec. 104) Disregards [...] show full description
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Latest Action: 07/10/2008 - Mr. Capuano moved that the House disagree to the Senate amendment, and request a conference. Bill TextTo restore the financial solvency of the national flood insurance program and to provide for such program to make available multiperil coverage for damage resulting from windstorms and floods, and for other purposes. 9/27/2007--Passed House amended. (There are 2 other summaries) Flood Insurance Reform and Modernization Act of 2007 - (Sec. 3) Directs the Comptroller General to study and report to Congress on: (1) the flood insurance coverage status of pre-FIRM properties; and (2) assess the impact, effectiveness, and feasibility of amending the Flood Disaster Protection Act of 1973 regarding properties subject to the mandatory flood insurance purchase requirement for a natural 100-year floodplain, and possible extension of such requirement to properties securing nonfederally related loans. (A pre-FIRM structure is one that was not constructed or substantially improved after the later of: (1) December 31, 1974; or (2) the effective date of the [...] show full description
Also tagged in: Budgets, Congress, Congressional reporting requirements, Consumer cooperatives, Department of Veterans Affairs, Executive departments, Executive reorganization, Federal aid to housing, Homeless, Housing, Housing subsidies, Nonprofit organizations, Planning, Public housing, Rental housing, Social services, Veterans, Veterans' benefits, Welfare, Welfare eligibility
Latest Action: 07/10/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo provide housing assistance for very low-income veterans. 8/2/2007--Introduced. Homes for Heroes Act of 2007 - Amends the Department of Housing and Urban Development Act to establish in the Department of Housing and Urban Development (HUD) a Special Assistant for Veterans Affairs to: (1) ensure veteran access to HUD housing and homeless assistance programs; (2) coordinate all HUD programs and activities relating to veterans; and (3) serve as a HUD liaison with the Department of Veterans Affairs. Directs the HUD Secretary to provide assistance to private nonprofit organizations and consumer cooperatives to expand the supply of supportive housing for very low-income veteran families (that is, families with incomes not exceeding 50% of the area median income). Amends the United States Housing Act of 1937 to: (1) make housing rental vouchers available to homeless veterans; and (2) include veterans in public housing planning. Excludes veterans' benefits from [...] show full description
Also tagged in: Budgets, Criminal justice, Disaster relief, Emergency management, Federal aid to housing, Government liability, Housing, Housing subsidies, Law, Public housing, Rental housing, Violence, Welfare
Latest Action: 06/19/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo repeal section 9(k) of the United States Housing Act of 1937. 6/18/2008--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.)Public Housing Disaster Relief Act of 2008 - Amends the United States Housing Act of 1937 with respect to the Public Housing Capital and Operating Funds. Repeals the requirement that the Secretary of Housing and Urban Development set-aside up to 2% of annual appropriations to provide assistance for emergencies and other disasters, and housing needs resulting from any litigation settlement, including a specified allocation to the Operation Safe Home program, administered by the Office of the Inspector General of the Department of Housing and Urban Development, for law enforcement efforts to combat violent crime on or near the premises of public and federally assisted housing.(Currently such funds [...] show full description
Also tagged in: Air pollution, Alternative energy sources, Appalachia, Appalachian Regional Commission, Authorization, Biomass energy, Budgets, Business, Business education, Clean coal technology, Coal, County politics and government, Depressed areas, Economic policy, Electric power production, Energy, Energy efficiency, Entrepreneurs, Environmental protection, Executive departments, Federal aid to health facilities, Federal aid to housing, Government lending, Grants-in-aid, Health policy, Heating, Housing, Job training, Medical care, Moderate income housing, Regional economic development, Rural affairs, Rural economic development, Rural health, Rural housing, State and local government, Welfare
Latest Action: 07/16/2008 - Message on House action received in Senate and at desk: House amendment to Senate bill. Bill TextA bill to reauthorize and improve the program authorized by the Appalachian Regional Development Act of 1965. 8/3/2007--Passed Senate amended. (There are 2 other summaries) (This measure has not been amended since it was reported to the Senate on May 7, 2007. The summary of that version is repeated here.)Appalachian Regional Development Act Amendments of 2007 - (Sec. 2) Limits the amount of Appalachian regional development grants and loans for projects in at-risk counties to 70% of project costs. Directs the Appalachian Regional Commission to designate as "at-risk" those counties in the Appalachian region that are most at risk of becoming economically distressed.(Sec. 3) Authorizes the Commission to provide technical assistance, provide grants, enter into contracts, or otherwise provide amounts to entities in the region for projects and activities to: (1) promote energy efficiency; and (2) increase the use of renewable [...] show full description
Also tagged in: Affordable housing, Apartment houses, Budgets, Federal aid to housing, Federally-guaranteed loans, Finance, Foreclosure, Government information, Government publicity, Housing, Housing authorities, Housing subsidies, Local government, 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: Authorization, Budgets, Children, Crime prevention, Criminal justice, Department of Housing and Urban Development, Drug abuse, Drug abuse prevention, Drug abuse treatment, Drugs and youth, Executive departments, Federal aid to housing, Housing, Housing subsidies, Juvenile delinquency, Public housing, Residential rehabilitation, School-age child care, Security measures, Violence, Welfare, Youth services
Latest Action: 03/16/2007 - Referred to the Subcommittee on Housing and Community Opportunity. Bill TextTo reauthorize the public and assisted housing drug elimination program of the Department of Housing and Urban Development. 1/4/2007--Introduced. Public Housing Drug Elimination Program Reauthorization Act of 2007 - Amends the Anti-Drug Abuse Act of 1988 to authorize appropriations for the assisted housing drug elimination program. Limits activities for programs designed to reduce drug use in and around assisted low-income housing to: (1) providing drug abuse treatment through rehabilitation or relapse prevention; (2) providing education about the dangers and consequences of drug use or violent crime; (3) identifying drug users, and assisting drug use discontinuance through education or treatment programs; (4) providing after school youth activities; and (5) providing capital improvements and security services to discourage or eliminate drug use or violent crime.
Latest Action: 03/16/2007 - Referred to the Subcommittee on Housing and Community Opportunity. Bill TextTo authorize 150,000 incremental vouchers for tenant-based rental assistance under section 8 of the United States Housing Act of 1937 to help meet the housing needs of low-income families. 1/4/2007--Introduced. Housing Opportunities Made Easier Act, or the HOME Act - Instructs the Secretary of Housing and Urban Development to: (1) provide 150,000 incremental vouchers to public housing agencies in FY2008 for tenant-based rental housing assistance under section 8 of the United States Housing Act of 1937; and (2) renew such vouchers in each ensuing fiscal year.
Also tagged in: Aged, Budgets, Criminal justice, Disabled, Drug abuse, Drug traffic, Eviction, Federal aid to housing, Fines (Penalties), Housing, Housing for the aged, Housing for the disabled, Housing subsidies, Landlord and tenant, Public housing, Rental housing, Welfare
Latest Action: 03/16/2007 - Referred to the Subcommittee on Housing and Community Opportunity. Bill TextTo protect innocent elderly and disabled tenants in public housing and housing assisted under the rental assistance program under section 8 of the United States Housing Act of 1937 from eviction by reason of criminal activity. 1/4/2007--Introduced. One Strike and You're Out! Act of 2007 - Amends the United States Housing Act of 1937 to exempt a tenant in public housing or housing assisted under the section 8 rental assistance program from the eviction for criminal or drug-related criminal activity provisions if such activity was engaged in by a member under the tenant's control and the tenant: (1) is elderly or disabled; (2) did not know and should not have known of the activity; or (3) the tenant or member of household was the victim of the criminal activity. Requires public housing agencies to report annually on the number of such evictions.
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Latest Legislation - View All
Also tagged in: Budgets, Criminal justice, Disaster relief, Emergency management, Federal aid to housing, Government liability, Housing, Housing subsidies, Law, Public housing, Rental housing, Violence, Welfare
Latest Action: 06/19/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo repeal section 9(k) of the United States Housing Act of 1937. 6/18/2008--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.)Public Housing Disaster Relief Act of 2008 - Amends the United States Housing Act of 1937 with respect to the Public Housing Capital and Operating Funds. Repeals the requirement that the Secretary of Housing and Urban Development set-aside up to 2% of annual appropriations to provide assistance for emergencies and other disasters, and housing needs resulting from any litigation settlement, including a specified allocation to the Operation Safe Home program, administered by the Office of the Inspector General of the Department of Housing and Urban Development, for law enforcement efforts to combat violent crime on or near the premises of public and federally assisted housing.(Currently such funds [...] 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: Affordable housing, Budgets, Civil rights, Collection of accounts, Fair housing, Federal aid to housing, Federal-state relations, Finance, Foreclosure, Government lending, Home ownership, Housing, Housing finance, Housing subsidies, Intergovernmental fiscal relations, Mortgages, Rental housing, Residential rehabilitation, State and local government, Welfare, Welfare recipients
Latest Action: 05/12/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo authorize the Secretary of Housing and Urban Development to make loans to States to acquire foreclosed housing and to make grants to States for related costs. 5/8/2008--Passed House amended. (There are 2 other summaries) Neighborhood Stabilization Act of 2008 - (Sec. 3) Directs the Secretary of Housing and Urban Development (HUD) to make grants and loans to qualified states, metropolitan cities, and urban counties, in accordance with HUD-approved plans, to carry out eligible housing stimulus activities. Requires such program to be administered through HUD's Office of Community Planning and Development (or any successor office responsible for administering the community development block grant program under the Housing and Community Development Act of 1974). (Sec. 4) Specifies the contents of a grant or loan applicant's plan, which must be submitted for the Secretary's approval. Requires a plan, among other things, to give priority [...] show full description
Also tagged in: Administrative procedure, Affordable housing, Bonds, Budgets, Department of the Treasury, Disaster relief, Displaced homemakers, Emergency management, Executive departments, Families, Federal aid to housing, Finance, Housing, Income tax, Law, Minimum tax, Mortgages, Real estate appraisal, Rental housing, Residential rehabilitation, Rural affairs, Rural housing, Single-parent families, Tax credits, Tax exemption, Taxation, Veterans, Veterans' loans, Welfare
Latest Action: 02/25/2008 - Sponsor introductory remarks on measure. (CR S1139-1140) Bill TextA bill to amend the Internal Revenue Code of 1986 to encourage investment in affordable housing, and for other purposes. 2/25/2008--Introduced. Affordable Housing Investment Act of 2008 - Amends the Internal Revenue Code to revise and enhance tax incentives for investment in affordable housing, including by: (1) renaming the low-income housing tax credit as the affordable housing credit; (2) revising the applicable percentage rates for such credit; (3) increasing the amount of such credit for low-income buildings that are part of state-designated projects; (4) revising rules for the treatment of scattered site and rural residential rental housing projects; (5) permitting affordable housing credits for federally-assisted moderate rehabilitation developments; (6) allowing an offset against alternative minimum tax liability for affordable housing tax credit amounts; (7) exempting interest on certain exempt private activity bonds, qualified mortgage revenue bonds, qualified veterans' [...] show full description
Also tagged in: Affordable housing, Appropriations, Bankruptcy, Bonds, Budgets, Community development, Community development banking, Consumer credit, Consumer education, Consumer protection, Consumers, Counseling, Damages, Debtor and creditor, Federal aid to housing, Fees, Finance, Foreclosure, Housing, Income tax, Infrastructure, Land banking, Law, Liability (Law), Loan defaults, Losses, Minimum tax, Moderate income housing, Mortgage interest rates, Mortgages, Natural resources, Neighborhood Reinvestment Corporation, Public lands, Real estate appraisal, Residential rehabilitation, Social services, Tax deductions, Taxation, Welfare
Latest Action: 02/14/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 577. Bill TextA bill to provide needed housing reform. 2/13/2008--Introduced. Foreclosure Prevention Act of 2008 - Amends the Internal Revenue Code to: (1) authorize use of the proceeds of a qualified mortgage bond issue to refinance a mortgage on a residence originally financed through a qualified subprime loan; (2) raise the ceiling and volume cap imposed upon certain state housing bonds; and (3) exclude from the meaning of tax preference item private activity bonds, for purposes of the alternative minimum tax, qualified mortgage bonds or veterans' mortgage bonds issued after enactment of this Act and before January 1, 2011. Makes FY2008 appropriations for: (1) emergency needs of states and local governmental units to redevelop certain abandoned and foreclosed homes; and (2) the Neighborhood Reinvestment Corporation for foreclosure mitigation activities, including grants for housing counseling. Helping Families Save Their Homes in Bankruptcy Act of 2008 - Authorizes a bankruptcy [...] show full description
Latest Action: 02/12/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to ensure that deferred Department of Veterans Affairs disability benefits that are received in a lump sum amount or in prospective monthly amounts, be excluded from consideration as annual income when determining eligibility for low-income housing programs. 2/12/2008--Introduced. Fairness in Housing for Disabled Veterans Act - Amends the United States Housing Act of 1937 with respect to the determination of income, particularly low income, for purposes of eligibility for low-income housing programs. Redefines "income" to exclude from consideration as annual income any deferred Department of Veterans Affairs disability benefits that are received in a lump sum amount or in prospective monthly amounts.
Also tagged in: Affordable housing, Apartment houses, 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, 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
Also tagged in: Bonds, Budgets, Community development, Community development banking, Depressed areas, Economic development, Economic policy, Employment of the disadvantaged, Federally-guaranteed loans, Finance, Financial services, Home ownership, Housing, Income tax, Infrastructure, Interest rates, Job creation, Labor, Mortgages, Rural affairs, Rural economic development, Tax exemption, Taxation, Welfare
Latest Action: 12/19/2007 - Sponsor introductory remarks on measure. (CR S16016) Bill TextA bill to authorize guarantees for bonds and notes issued for community or economic development purposes. 12/19/2007--Introduced. Full Faith and Credit in Our Communities Act of 2007 - Amends the Community Banking and Financial Institutions Act of 1994 to require the Secretary of the Treasury to guarantee payments on tax-exempt bonds or notes issued by any approved issuer if their proceeds are used to make loans to eligible community development financial institutions: (1) for eligible community or economic development purposes; or (2) to refinance loans or notes issued for such purposes. Lists among such community or economic development purposes, especially in low-income or underserved rural areas, developing or supporting: (1) commercial facilities that promote revitalization, community stability, or job creation or retention; (2) businesses that provide jobs for low-income people or are owned by low-income people, or enhance the availability of products and services [...] show full description
Also tagged in: Appropriations, Block grants, Budgets, Community development, Finance, Foreclosure, Housing, Infrastructure, Moderate income housing, Mortgages, Relocation, Rent, Social services, State and local government
Latest Action: 12/12/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to provide $1,000,000,000 in emergency Community Development Block Grant funding for necessary expenses related to the impact of foreclosures on communities. 12/12/2007--Introduced. Community Foreclosure Assistance Act of 2007 - Makes appropriations for additional emergency Community Development Block Grant (CDBG) assistance to states, metropolitan cities, and urban counties to carry out CDBG programs under the Housing and Urban Development Act of 1974: (1) for necessary expenses related to the impact of housing foreclosures, and other related economic and community development activities; and (2) to provide foreclosure-based rental assistance for individual renters in the form of relocation assistance. Prohibits the direct or indirect provision of such funds, except for certified housing counseling services, to an individual homeowner for foreclosure prevention purposes, including refinancing assistance, loans, or any other form of financial assistance. [...] show full description
Also tagged in: Affordable housing, Apartment houses, Block grants, Budgets, Community development, Community development banking, Congress, Congressional reporting requirements, Economic development, Economic policy, Federally-assisted loans, Finance, Fines (Penalties), Foreclosure, Government trust funds, Housing, Infrastructure, Injunctions, Law, Mobile homes, Moderate income housing, Mortgage banks, Mortgages, Residential rehabilitation, Rural affairs, Rural housing, Secondary mortgage market, Single family housing, State and local government
Latest Action: 11/16/2007 - Sponsor introductory remarks on measure. (CR S14630) Bill TextA bill to provide for affordable housing relief, and for other purposes. 11/16/2007--Introduced. Government Sponsored Enterprise Mission Improvement Act, or the GSE Mission Improvement Act - Amends the Housing and Community Development Act of 1992 to modify requirements for annual reports to specified congressional committees by the Secretary of Housing and Urban Development on the activities of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (enterprises). Requires the contents of such reports to: (1) identify the extent to which the enterprises are involved in mortgage purchases and secondary market activities involving subprime loans; and (2) compare the characteristics of subprime loans purchased and securitized by the enterprises to their other loans. Revises requirements for the establishment by the Secretary of housing goals to emphasize single-family housing goals and a multifamily [...] show full description
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