legislation: 105-hr-1508

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
105-hr-1508 105 hr 1508 Multifamily Housing Restructuring and Affordability Act of 1997 Housing and Community Development 1997-05-01 1997-05-30 Referred to the Subcommittee on Housing and Community Opportunity. House Rep. Pryce, Deborah [R-OH-15] OH R P000555 3 Multifamily Housing Restructuring and Affordability Act of 1997 - Directs the Secretary of Housing and Urban Development to enter into agreements with participating administrative entities (with preference given to State housing finance agencies) to develop and implement mortgage restructuring and rental assistance plans for FHA-insured multifamily housing mortgages in order to: (1) reduce expiring section 8 contracts costs; (2) address troubled projects; and (3) correct management and ownership deficiencies. Includes two-tiered mortgage restructuring among plan incentives. Extends specified provisions relating to public housing and section 8 rental assistance. Amends the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997 to terminate the Federal Housing Administration multifamily housing restructuring demonstration program upon the Secretary's determination that the restructuring program under this Act has been implemented. Terminates program authority as of a specified date. 2025-08-21T16:11:19Z  

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