legislation: 99-s-2507
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| 99-s-2507 | 99 | s | 2507 | Housing Act of 1986 | Housing and Community Development | 1986-05-29 | 1986-05-29 | Placed on Senate Legislative Calendar under General Orders. Calendar No. 666. | Senate | Sen. Garn, E. J. (Jake) [R-UT] | UT | R | G000072 | 0 | Housing Act of 1986 - Title I: Program Extensions and Amendments - Subtitle A: General Extension of Programs - Amends the National Housing Act to extend authority through September 30, 1987, for: (1) title I financial institution insurance for housing renovation and modernization; (2) general mortgage insurance; (3) low and moderate income and displaced families mortgage insurance; (4) mortgage co-insurance, including rental rehabilitation and development projects; (5) graduated payment and indexed mortgage insurance; (6) the demonstration mortgage reinsurance program; (7) mortgage insurance for armed forces' civilian employees and defense housing for impacted areas; (8) mortgage insurance for land development; and (9) mortgage insurance for medical and dental group practice facilities. Amends the Housing Act of 1964 to extend urban rehabilitation loan authority through September 30, 1987. Amends the Housing Act of 1949 to extend Farmers Home Administration authority through September 30, 1987, for: (1) insured loans for rental and cooperative housing and related facilities for elderly persons and families in rural areas; and (2) mutual and self-help housing grant and loan authority. Amends the National Flood Insurance Act of 1968 to extend authority for national flood insurance, including emergency implementation and flood-risk zones through September 30, 1987. Limits premium increases through such period to not more than a prorated annual of ten percent. Amends the Housing and Urban-Rural Recovery Act of 1983 to extend indefinitely the maximum interest rate limitation on loans for housing and related facilities for elderly or handicapped families. Extends the Home Mortgage Disclosure Act of 1975 through September 30, 1990. Subtitle B: Mortgage Insurance and Secondary Mortgage Market Programs - Amends the National Housing Act to set premium charge limits for Federal Housing Administration (FHA) mortgage insurance. Requires the Secretary of Housing and Urban Development to certify to the Congress 90 days prior to any fee increase that such increase is solely for the purpose of meeting anticipated insurance claims and administrative expenses. Raises FHA multi-family mortgage limits. Requires States, in order to apply for FHA refinancing mortgage insurance for health care facilities, to: (1) conduct a marketwide assessment of the need for such a facility; (2) obtain an independent feasibility study for such a facility; and (3) report the results of such studies to the Secretary. Makes nursing homes, intermediate care facilities, and board and care homes eligible for such refinancing. Makes public nursing homes, intermediate care facilities, and board and care homes eligible for mortgage insurance. Requires State reports similar to those required for mortgage refinancing for public nursing home and hospital mortgage insurance. Authorizes city and State housing authorities to use unexpended low-income rental and cooperative housing funds for interest and rental assistance payments if so agreed to by the housing authorities and the Department of Housing and Urban Development (HUD). Increases FHA authority to insure adjustable rate single-family mortgages. Prohibits the imposition of user fees on Government-sponsored secondary mortgage market agencies. Directs the Secretary to take appropriate administrative actions to reduce losses on mortgage insurance programs. Authorizes the Secretary to require mortgagees and lenders to report the taxpayer identification numbers of National Housing Act borrowers. Requires mortgagees with high default rates to submit reports, including proposed corrective steps, to the Secretary. Transfers mortgage insurance programs for Hawaiian homelands and Indian lands from the Mutual Mortgage Insurance Fund to the General Insurance Fund of the Treasury. Makes the rule revising regulations under title I of the National Housing Act, which was published October 25, 1985, and which became effective on January 15, 1986, ineffective until January 1, 1987. Subtitle C: Community and Neighborhood Development and Conservation Programs - Amends the Housing and Community Development Act of 1974 to extend community development block grant entitlement authority for certain metropolitan city and urban county areas through September 30, 1987. Reduces FY 1988 grants by 50 percent to any such entity that loses its entitlement classification, with the remaining 50 percent allocated to the small city community development program (for which such entity would be eligible). Considers the counties of Kauai, Maui, and Hawaii in the State of Hawaii as cities for purposes of the urban development action grant (UDAG) program. Authorizes FY 1987 appropriations for UDAG. Modifies UDAG selection criteria so that: (1) 65 percent of such grants are awarded on the basis of distress, impact, and project quality; and (2) 35 percent on project quality alone. Awards bonus points for certain cities that have not received a grant since October 15, 1984. Requires the Comptroller General to: (1) report to the Congress within six months, and every three years thereafter, regarding such selection criteria and eligibility standards; and (2) report to the Congress within three months of the final FY 1986 grant competition regarding targeting of grants, geographic distribution, funding levels, and economic development. Prohibits relocating a business from one UDAG area to another unless the Secretary determines that no adverse effect will result. Authorizes FY 1987 appropriations for the: (1) community development block grant program; and (2) urban homesteading program. Amends the Housing Act of 1964 to prohibit risk premiums or loan fees under the rehabilitation loan program. Amends the Neighborhood Reinvestment Corporation Act to authorize FY 1987 appropriations for the Neighborhood Reinvestment Corporation. Amends the Housing and Urban-Rural Recovery Act of 1983 to authorize FY 1986 and 1987 appropriations for the neighborhood development demonstration program. Subtitle D: Miscellaneous Program Amendments - Amends the National Flood Insurance Act to authorize FY 1986 and 1987 appropriations for flood insurance program studies. Amends the Solar Energy and Energy Conservation Bank Act to authorize FY 1986 and 1987 appropriations for residential and commercial solar energy improvement. Amends the Housing and Urban Development Act of 1970 to authorize FY 1986 and 1987 appropriations for housing research and project development. Title II: Housing Assistance - Subtitle A: Programs Under United States Housing Act of 1937 - Amends the United States Housing Act of 1937 to authorize FY 1986 and 1987 budget authority for lower income housing. Permits recaptured development funds for Indian housing to be reused. Requires: (1) 15-year terms for annual contributions contracts for (section 8) existing dwellings; (2) administrative and preliminary fees to be calculated according to the method in effect prior to January 1, 1985; and (3) an annual adjustment of fair market rents as of October 1 of each year. Authorizes FY 1986 and 1987 appropriations for the rental rehabilitation and development program. Extends eligibility to housing which is owned by State or locally chartered neighborhood nonprofit organizations. Authorizes the Secretary to require HUD applicants or participants to provide social security or employer identification numbers in order to verify eligibility. Permits residents of public housing projects to form resident management corporations. Requires such corporations to obtain fidelity bonding and insurance and have their records audited annually. Authorizes such projects to receive comprehensive improvement assistance. Provides for: (1) retention of excess revenues; and (2) resident management technical assistance and training. Subtitle B: Other Housing Assistance Programs - Amends the Housing and Community Development Amendments of 1978 to direct the Secretary in acquiring insured multifamily housing projects to comply with the goals of such Act in determining bid amounts. Requires tenant notice and comment when HUD: (1) approves a transfer of physical assets, or a capital improvement loan; or (2) proposes to sell a mortgage secured by a multifamily housing project. Prohibits subsidized project owners from discriminating against certificate or voucher holders solely because of the status of such prospective tenant as the holder of a certificate or voucher. Amends the Housing Act of 1959 to authorize FY 1986 and 1987 appropriations for housing for the elderly or the handicapped. Bases interest rates on the most recently issued 30-year Treasury obligations. Requires that at least 15 percent of annual appropriations for such elderly or handicapped housing be allocated for the nonelderly handicapped. Directs the Secretary to establish new and more appropriate housing and related service options for the nonelderly handicapped. Replaces the existing subsidy system with a 240-month contract to cover actual costs not covered by project income. Provides for the continued commitment of certain funds for the homeownership program. Amends the Congregate Housing Services Act of 1978 to authorize FY 1986 and 1987 appropriations for congregate services. Title III: Rural Housing - Amends the Housing Act of 1949 to extend rural housing insurance and guaranty authority through FY 1987. (Sets forth limits on such authority for FY 1986 and 1987.) Authorizes FY 1987 appropriations for: (1) rehabilitation grants; (2) structural rehabilitation; (3) the meeting of obligations issued under the rural housing insurance fund; (4) farm labor housing; (5) self-help housing; (6) housing preservation; and (7) administrative costs. Authorizes the Secretary, as approved in FY 1986 and 1987 appropriations, to enter into rental assistance payment contracts. Extends the 10,000-20,000 population rural area classification date to September 30, 1987. Establishes a conventional financing demonstration program under the single-family rural housing program. Limits such program to not more than 200 units in each of five geographic regions. Authorizes the Secretary to use such demonstration projects for multifamily housing. Requires the Department of Agriculture to make or insure loans for rural manufactured homes for the same time period applicable under section 2 of the National Housing Act. Provides that rural housing assistance shall be available to single persons who are elderly, handicapped, or paying at least 50 percent of their income for rent. Title IV: Shelter Program - Part A: General Provisions - Emergency Food and Shelter Act of 1986 - Establishes within HUD the Emergency Food and Shelter Program National Board. Directs the Secretary to enter into an interagency agreement with the Federal Emergency Management Agency (FEMA) to constitute and administer such Board. Terminates such Board as of October 1, 1991. States that such Board shall be made up of persons from specified private groups and Federal agencies. Establishes local boards to determine fund distribution. Directs FEMA to provide the Board with administrative and liaison services. Provides for: (1) an annual Board audit; (2) access to recipient records; and (3) an annual report to the Congress. Part B: Emergency Food and Shelter Grants - Directs the Secretary to award a grant to the Board in the full amount appropriated for the emergency food and shelter program. Sets forth grant purposes and program guidelines. Limits administrative costs. Authorizes FY 1987 and 1988 appropriations. Permits unobligated funds to be carried over to the next fiscal year. Part C: Transitional Housing Demonstration Program - Directs the Secretary to establish a demonstration program to provide housing and support services for the homeless, focusing on those persons capable of moving into traditional housing and independent living. Authorizes assistance as: (1) non-interest bearing advances up to $20,000 to obtain or rehabilitate housing; (2) annual payments of up to 75 percent of operating costs; and (3) technical assistance. Directs the Secretary to forgive advance repayment if: (1) the structure is used as housing for the homeless for at least ten years; or (2) the Secretary finds there is no longer a housing need and the structure is used for another charitable purpose for the remainder of such ten-year period. Directs the Secretary to: (1) establish application procedures and selection criteria; (2) issue program guidelines within 180 days and to publish annual guidelines; and (3) issue an interim report within three months after the end of FY 1987 and a final report within six months after the end of FY 1988. States that occupants shall pay rent in accordance with section 3 (a) of the Housing Act of 1937. Authorizes FY 1987 appropriations. Limits FY 1987 budget authority to $10,000,000. Subtitle D: Emergency Shelter Grants Program - Directs the Secretary to establish an emergency shelter grant program for: (1) renovation and conversion of buildings as emergency shelters; (2) provision of essential services; and (3) shelter maintenance and operation. Directs the Secretary to allocate grants to States, metropolitan cities, and urban counties under the same formula used for the community block grant program. States that if a metropolitan city or urban county would receive a fiscal year grant of less than $30,000, such sum shall instead be reallocated to the State. Authorizes local governments to distribute such grants to nonprofit organizations. Sets forth a reallocation procedure for unused grant funds. Requires grantees to provide matching funds and a certification of use. Authorizes FY 1987 appropriations. Title V: Nehemiah Housing Opportunity Grants - Authorizes the Secretary to make grants to nonprofit organizations for non-interest bearing second mortgages for new or rehabilitated homes. Sets maximum loans at $15,000. Requires at least a ten percent downpayment. Prohibits leasing. Sets family income eligibility at not more than the greater of: (1) 115 percent of the local metropolitan median income for a family of four; or (2) the national median income for a family of four. Sets forth criteria for: (1) grant selection; and (2) conditions of assistance. Establishes in the Treasury the Nehemiah Housing Opportunity Fund. Requires an annual report to the Congress. Authorizes FY 1986 and 1987 appropriations. Title VI: Fair Housing - Authorizes the Secretary to enter into contracts or cooperative agreements with public or private entities for programs to prevent or eliminate discriminatory housing practices. Authorizes FY 1986 and 1987 appropriations. | 2025-08-29T16:32:45Z |