legislation: 99-hr-2106

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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
99-hr-2106 99 hr 2106 Homeownership Opportunity Act of 1985 Housing and Community Development 1985-04-18 1985-04-18 Referred to Subcommittee on Housing and Community Development. House Rep. Mitchell, Parren J. [D-MD-7] MD D M000826 14 Homeownership Opportunity Act of 1985 - Authorizes the Secretary of Housing and Urban Development to provide loans to very low-income families to permit such families to purchase single-family homes owned by the Department of Housing and Urban Development. Limits program participation to first-time owners. Limits home purchase amounts. Requires a downpayment of the lesser of $500 or two-percent. Requires the Secretary to provide interest and non-interest bearing loans as provided for by this Act. Establishes the Homeownership Opportunity Fund in the Treasury. Authorizes appropriations. 2025-08-29T16:33:22Z  

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