legislation
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
218 rows where congress = 110 and policy_area = "Housing and Community Development" sorted by introduced_date descending
This data as json, CSV (advanced)
Suggested facets: origin_chamber, sponsor_party, introduced_date (date), latest_action_date (date), update_date (date)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 110-s-3738 | 110 | s | 3738 | Home Retention and Economic Stabilization Act of 2008 | Housing and Community Development | 2008-12-11 | 2008-12-11 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 0 | Home Retention and Economic Stabilization Act of 2008 - Amends the Truth in Lending Act to establish the right of an eligible deferred-foreclosure consumer, defendable in court, to defer initiation of a foreclosure or related action, including a foreclosure sale, brought by any creditor, servicer, or holder of an eligible deferred-foreclosure mortgage, during a specified deferment period. Declares invalid any foreclosure action or proceeding regarding a deferred-foreclosure mortgage if the creditor or servicer fails to notify the consumer: (1) at least 30 days before instituting the action or proceeding; and (2) at least once during each subsequent 30-day period until the foreclosure becomes final. Prescribes procedures governing: (1) initiating foreclosure deferment; (2) payment notices during the deferment period; and (3) the manner of consumer payment during the deferment period. Amortizes over the life of the mortgage the difference between the amount of monthly payment due under the eligible deferred-foreclosure mortgage and the deferment payment amount. Prohibits a creditor or servicer from imposing any late fee or other fee or charge during the deferment period. Requires the creditor or servicer to provide the consumer with separate, written notification, distinct from all other correspondence, regarding: (1) any interest rate increase with respect to a sub-prime mortgage; (2) any minimum monthly payment increase with respect to a negative amortization mortgage; (3) clear and conspicuous disclosure of the good faith estimate of the monthly payment applicable after the adjustment or reset date; and (4) a list of alternatives available to consumers prior to the date of adjustment or increase. Authorizes appropriations for the Neighborhood Reinvestment Corporation to implement foreclosure mitigation activities. | 2018-08-06T20:22:51Z | |
| 110-hr-7326 | 110 | hr | 7326 | Systematic Foreclosure Prevention and Mortgage Modification Act | Housing and Community Development | 2008-12-10 | 2008-12-10 | Referred to the House Committee on Financial Services. | House | Rep. Waters, Maxine [D-CA-35] | CA | D | W000187 | 8 | Systematic Foreclosure Prevention and Mortgage Modification Act - Directs the Chairperson of the Federal Deposit Insurance Corporation (FDIC) to establish a systematic foreclosure prevention and mortgage modification program by: (1) paying mortgage servicers $1,000 to cover expenses for each loan modified according to specified standards; and (2) sharing up to 50% of any losses incurred if a modified loan should subsequently re-default. | 2019-11-15T20:56:31Z | |
| 110-hr-7307 | 110 | hr | 7307 | Homeowner Assistance and Taxpayer Protection Act | Housing and Community Development | 2008-11-20 | 2008-11-20 | Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | House | Rep. Hodes, Paul W. [D-NH-2] | NH | D | H001043 | 9 | Homeowner Assistance and Taxpayer Protection Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA), with respect to mortgages acquired by the Secretary of the Treasury, to direct the Secretary to use authority to require (currently, encourage) the servicers of the underlying mortgages to take advantage of the HOPE for Homeowners Program under the National Housing Act or other available programs to minimize foreclosures. Requires federal property managers holding, owning, or controlling mortgages, mortgage backed securities, and other assets secured by residential real estate to do likewise. Directs a federal property manager to require (currently, encourage) loan servicers to implement specified loan modifications in any case in which the property manager does not own a residential mortgage loan, but holds an interest in obligations or pools of obligations secured by residential mortgage loans. Requires lenders to participate in HOPE for Homeowners Program when homeowners elect to participate. Amends Chapter 13 (Adjustment of Debts of an Individual with Regular Income) of the federal bankruptcy code to allow a debtor's plan to modify an allowed secured claim secured by the debtor's principal residence (mortgage), if, after deduction of permitted expenses, the debtor has insufficient remaining current monthly income to retain possession of the residence by curing a default and maintaining payments while the case is pending. Waives the credit counseling requirement for a debtor whose home is in foreclosure. Waives the liaibility of the debtor and the debtor's estate for certain fees arising in connection with a claim secured by the debtor's principal residence. Amends EESA to prohibit financial institutions from which troubled assets are purchased by the Secretary from paying increased dividends until such time as the troubled assets are no longer owned by the Secretary. Requires that dividends be reduced to pay for excessive executive compensation in the case of any such financial institution. | 2021-06-07T20:07:24Z | |
| 110-s-13 | 110 | s | 13 | A bill to temporarily extend increases in certain home loan limits. | Housing and Community Development | 2008-11-20 | 2008-11-20 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Martinez, Mel [R-FL] | FL | R | M001162 | 0 | Amends the Economic Stimulus Act of 2008 to extend through December 31, 2009: (1) the increased ceiling amount for mortgages purchased by either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac); and (2) the temporary loan limit increase for Federal Housing Administration (FHA)-insured mortgages in specified high-cost areas for which a borrower received credit approval. | 2017-12-14T22:15:06Z | |
| 110-s-3709 | 110 | s | 3709 | A bill to amend the Farm Security and Rural Investment Act of 2002 to expand the Rural Energy for America Program to include schools in rural areas. | Housing and Community Development | 2008-11-20 | 2008-11-20 | Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S10745) | Senate | Sen. Reid, Harry [D-NV] | NV | D | R000146 | 1 | Amends the Farm Security and Rural Investment Act of 2002 to expand the rural energy for America program to include schools in rural areas. | 2022-02-03T05:09:49Z | |
| 110-s-3686 | 110 | s | 3686 | Foreclosure Diversion and Residential Mortgage Loan Modification Act | Housing and Community Development | 2008-11-17 | 2008-11-17 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Specter, Arlen [R-PA] | PA | R | S000709 | 0 | Foreclosure Diversion and Residential Mortgage Loan Modification Act - Amends the Emergency Economic Stabilization Act of 2008 to establish, in the Office of Domestic Finance of the Department of the Treasury, the Office of Foreclosure Evaluation (OFE), headed by a Director responsible for coordinating the foreclosure prevention responsibilities of the Department of the Treasury, the Department of Housing and Urban Development, the Federal Housing Administration, the Federal Housing Finance Agency, the Neighborhood Reinvestment Corporation, the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System, and other federal government entities. Requires the Director to study and report to Congress on: (1) the barriers to reasonable and timely residential mortgage loan modifications to prevent foreclosure of home loans; as well as (2) the success of programs designed to prevent foreclosures. Establishes a Working Group on Foreclosure Prevention, chaired by the Director, to: (1) improve coordination of federal government efforts to prevent foreclosure and permit homeowners to remain in their homes; (2) build the capacity of federal, state, and local entities and nonprofit organizations to offer housing counseling and pro bono legal services to homeowners in areas that lack sufficient services; (3) share information and best practices concerning foreclosure prevention programs; and (4) review and provide input regarding the criteria used by the Chairperson, as OFE Director, to certify foreclosure prevention programs. Amends the Housing and Economic Recovery Act of 2008 to allow the use of amounts available for redevelopment of abandoned and foreclosed homes to fund state and local mortgage foreclosure prevention programs that support or require counseling, conciliation, and mediation prior to sheriff sale or foreclosure. Makes organizations certified by the OFE eligible for grants to provide a range of financial education and counseling services to prospective homebuyers. | 2017-12-15T00:45:10Z | |
| 110-s-3690 | 110 | s | 3690 | Homeowner Assistance and Taxpayer Protection Act | Housing and Community Development | 2008-11-17 | 2008-11-19 | Committee on the Judiciary. Hearings held. | Senate | Sen. Durbin, Richard J. [D-IL] | IL | D | D000563 | 0 | Homeowner Assistance and Taxpayer Protection Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA), with respect to mortgages acquired by the Secretary of the Treasury, to direct the Secretary to use authority to require (currently, encourage) the servicers of the underlying mortgages to take advantage of the HOPE for Homeowners Program under the National Housing Act or other available programs to minimize foreclosures. Requires federal property managers holding, owning, or controlling mortgages, mortgage backed securities, and other assets secured by residential real estate to do likewise. Directs a federal property manager to require (currently, encourage) loan servicers to implement specified loan modifications in any case in which the property manager does not own a residential mortgage loan, but holds an interest in obligations or pools of obligations secured by residential mortgage loans. Requires lenders to participate in HOPE for Homeowners Program when homeowners elect to participate. Amends Chapter 13 (Adjustment of Debts of an Individual with Regular Income) of the federal bankruptcy code to allow a debtor's plan to modify an allowed secured claim secured by the debtor's principal residence (mortgage), if, after deduction of permitted expenses, the debtor has insufficient remaining current monthly income to retain possession of the residence by curing a default and maintaining payments while the case is pending. Waives the credit counseling requirement for a debtor whose home is in foreclosure. Waives the liaibility of the debtor and the debtor's estate for certain fees arising in connection with a claim secured by the debtor's principal residence. Amends EESA to prohibit financial institutions from which troubled assets are purchased by the Secretary from paying increased dividends until such time as the troubled assets are no longer owned by the Secretary. Requires that dividends be reduced to pay for excessive executive compensation in the case of any such financial institution. | 2022-02-03T05:09:49Z | |
| 110-hr-7221 | 110 | hr | 7221 | Homeless Emergency Assistance and Rapid Transition to Housing Act of 2008 | Housing and Community Development | 2008-09-29 | 2008-11-17 | Received in the Senate. | House | Rep. Moore, Gwen [D-WI-4] | WI | D | M001160 | 6 | Homeless Emergency Assistance and Rapid Transition to Housing Act of 2008 - (Sec. 3) Amends the McKinney-Vento Homeless Assistance Act to redefine "homeless, homeless individual, or homeless person." Includes in such definition not only a family lacking a fixed, regular, and adequate nighttime residence, but also an individual or family who: (1) will imminently lose their housing; (2) has no subsequent residence identified; and (3) lacks the resources or support networks needed to obtain other permanent housing. Includes as well an individual who resided in a shelter or place not meant for human habitation and is exiting an institution where he or she temporarily resided. Expands the scope of such definition to include unaccompanied youth and homeless families with children and youth defined as homeless under other federal statutes who: (1) have experienced a long-term period without living independently in permanent housing; (2) have experienced persistent instability as measured by frequent moves over such period; and (3) can be expected to continue in such status for an extended period of time because of chronic disabilities, chronic physical health or mental health conditions, substance addiction, histories of domestic violence or childhood abuse, the presence of a child or youth with a disability, or multiple barriers to employment. Requires the Secretary of Housing and Urban Development (HUD) to consider as homeless any individual or family who is fleeing, or attempting to flee, domestic violence, dating violence, sexual assault, stalking, or other dangerous or life-threatening conditions in the individual's or family's current housing situation, including where the health and safety of children are jeopardized, and who have no other residence and lack the resources or support networks to obtain other permanent housing. (Sec. 4) Declares that the mission of the U.S. Interagency Council on Homelessness is to coordinate the federal response to homelessness and to create a national partnership at eve… | 2019-11-15T20:56:27Z | |
| 110-s-3654 | 110 | s | 3654 | Research, Hazard Intervention, and National Outreach for Healthier Homes Act of 2008 | Housing and Community Development | 2008-09-29 | 2008-09-29 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S10075-10078) | Senate | Sen. Reed, Jack [D-RI] | RI | D | R000122 | 0 | Research, Hazard Intervention, and National Outreach for Healthier Homes Act of 2008 - Directs the Director of the National Institute of Environmental Health Sciences and the Administrator of the Environmental Protection Agency (EPA) to evaluate the health effects of housing-related health hazards for which limited research or understanding of causes or associations exists. Directs the Secretary of Housing and Urban Development (HUD) to implement studies by the Office of Healthy Homes and Lead Hazard Control of the assessment, prevention, and control of housing-related health hazards. Directs the Administrator of the EPA to study how sustainable building features in existing housing affect the quality of the indoor environment, the prevalence of housing-related health hazards, and the health of occupants. Directs the Secretary of HUD to complete the analysis of data collected for the National Survey on Lead and Allergens in Housing and the American Healthy Housing Survey. Directs the Administrator of the EPA to expand current indoor environmental monitoring efforts to establish baseline levels of indoor chemical pollutants and their sources. Requires the Director of the Centers for Disease Control and Prevention (CDC) to determine the data and resources needed to establish a healthy housing data collection system. Directs the Secretary of HUD to: (1) develop improved methods for evaluating, reducing, and preventing health hazards in housing; (2) support development of objective measures for a healthy residential environment; (3) promote the incorporation of healthy housing principles in post-disaster environments as well as ongoing practices and systems, and of health considerations into green and energy-efficient construction and rehabilitation; (4) improve the dissemination of healthy housing information; and (5) promote state and local level healthy housing efforts. Amends the Public Health Service Act with respect to the CDC Program Capacity on Housing-Related Health Hazard. Directs the Administrator of the E… | 2017-12-15T00:44:29Z | |
| 110-hr-7209 | 110 | hr | 7209 | Revitalizing Cities Through Parks Enhancement Act | Housing and Community Development | 2008-09-28 | 2008-09-28 | Referred to the House Committee on Financial Services. | House | Rep. Maloney, Carolyn B. [D-NY-14] | NY | D | M000087 | 2 | Revitalizing Cities Through Parks Enhancement Act - Directs the Secretary of Housing and Urban Development (HUD) to make grants to qualified community organizations to develop as open space municipally owned vacant lots in urban areas. | 2021-04-20T15:27:42Z | |
| 110-sres-693 | 110 | sres | 693 | A resolution recognizing the month of November 2008 as "National Homeless Youth Awareness Month". | Housing and Community Development | 2008-09-27 | 2008-09-27 | Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S10020-10021; text as passed Senate: CR S10021; text of measure as introduced in Senate: CR S10010) | Senate | Sen. Lautenberg, Frank R. [D-NJ] | NJ | D | L000123 | 9 | (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Supports the values and efforts of businesses, organizations, and volunteers dedicated to meeting the needs of homeless children and teens. Applauds the initiatives of businesses, organizations, and volunteers that employ time and resources to build awareness of the homeless youth problem, its causes, and potential solutions, and work to prevent homelessness among children and teens. Declares that the Senate should recognize the month of November 2008 as National Homeless Youth Awareness Month. Encourages these businesses, organizations, and volunteers to continue to intensify their efforts during the month of November. | 2017-12-14T22:06:22Z | |
| 110-hr-7113 | 110 | hr | 7113 | Preserve Our Neighborhoods Act of 2008 | Housing and Community Development | 2008-09-26 | 2008-09-26 | Referred to the House Committee on Financial Services. | House | Rep. Turner, Michael R. [R-OH-3] | OH | R | T000463 | 6 | Preserve Our Neighborhoods Act of 2008 - Cites conditions under which a local government may purchase from the Secretary of the Treasury at the price of $1 per mortgage a group of at least 25 available mortgages, each of which is secured by real property. Requires the Secretary to make available to the public, at 90-day intervals, a list of all parcels of real estate, identified by specific address, that are available for purchase. Authorizes the Secretary to sell such mortgages. Applies the National Historic Preservation Act with respect to the rights in property acquired by local governments as a result of the foreclosure of mortgages purchased under this Act. | 2019-11-15T20:56:31Z | |
| 110-hr-7126 | 110 | hr | 7126 | HOME Act | Housing and Community Development | 2008-09-26 | 2008-09-26 | Referred to the House Committee on Financial Services. | House | Rep. Richardson, Laura [D-CA-37] | CA | D | R000581 | 0 | Housing Options Made Effective Act or the HOME Act - Requires the mortgagee of a residential mortgage to: (1) file a specified notice of default before foreclosure; and (2) make direct contact with, or exercise due diligence to contact, the borrower to provide foreclosure avoidance options. Prescribes loan modification and workout plan duties for loan servicers. Requires that timely payments made under a loan modification or workout plan be reported to the appropriate consumer reporting agency and included in the borrower's consumer file and consumer report. Requires a covered residential mortgage agreement to grant the borrower and the mortgagee the right to negotiate a loan modification or workout plan if: (1) the mortgage is in payment default or payment default is reasonably foreseeable; or (2) the mortgagee's anticipated recovery under a loan workout plan exceeds the anticipated recovery through foreclosure on a net present value basis. Prohibits the mortgagee from refusing partial mortgage payments. Requires the mortgagee to credit such partial payments to the borrower's account . States that mortgagee acceptance of partial payments does not affect determination of mortgage default. Sets forth the rights of renters in a property foreclosure, including a tenant right to occupy the property under a lease entered into prior to foreclosure. Requires a mortgagee, where a judicial or non-judicial foreclosure has been initiated, to file a notice of sale in a public filing or recordation office before the foreclosure sale. | 2019-11-15T20:56:31Z | |
| 110-s-3609 | 110 | s | 3609 | Lead-Safe Housing for Kids Act of 2008 | Housing and Community Development | 2008-09-26 | 2008-09-26 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Clinton, Hillary Rodham [D-NY] | NY | D | C001041 | 0 | Lead-Safe Housing for Kids Act of 2008 - Amends the Residential Lead-Based Paint Hazard Reduction Act of 1992, with respect to lead-based paint hazards in housing, to set the environmental intervention blood lead level as equal to the lower of: (1) ten micrograms of lead per deciliter; or (2) the elevated blood lead level of concern for a child under six years of age recommended by the Centers for Disease Control and Prevention. Requires the Secretary of Housing and Urban Development to amend related regulations to comply with this Act within 90 days. Requires the Secretary to report to Congress on the status of the Department of Housing and Urban Development "Big Buy" program, and any other voluntary programs the Secretary has implemented or has planned to implement, through which the Secretary has conducted, or planned to conduct, lead evaluations of housing covered by the Lead Safe Housing Rule for pre-1978 assisted housing. | 2017-12-15T00:43:23Z | |
| 110-hr-7094 | 110 | hr | 7094 | Government-Sponsored Enterprises Free Market Reform Act of 2008 | Housing and Community Development | 2008-09-25 | 2008-09-25 | Referred to the House Committee on Financial Services. | House | Rep. Hensarling, Jeb [R-TX-5] | TX | R | H001036 | 17 | Government-Sponsored Enterprises Free Market Reform Act of 2008 - Sets a deadline for the Director of the Federal Housing Finance Agency to terminate the conservatorship of either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) if the Director determines that it is financially viable. (Refers to both Fannie Mae and Freddie Mac as enterprises.) Requires the Director to appoint the Federal Housing Finance Agency immediately as receiver of either enterprise if it is found not to be financially viable. Restricts the authority of an enterprise to acquire mortgage assets following its emergence from conservatorship. Requires the Director to establish mandatory minimum capital levels for the enterprises. Amends the Economic Stimulus Act of 2008 to repeal the temporary conforming loan limit increase for the enterprises.Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to repeal provisions governing enterprise authority to purchase and sell certain insured and conventional mortgages and to engage in certain lending activities.Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to repeal the new housing price index.Amends the Housing and Economic Recovery Act of 2008 to repeal certain conforming loan limits.Requires the enterprises to pay state and local taxes.Instructs the Director to assess each enterprise for the amount necessary to recoup to the federal government the full value of the benefit the enterprise receives from federal guarantees for its obligations and financial viability. Directs the Comptroller General to study and report to Congress on a risk-based pricing mechanism to determine accurately the value of the benefit the enterprises receive from such federal guarantees. Requires the wind down and dissolution of an enterprise whose charter is not renewed. | 2019-11-15T20:56:30Z | |
| 110-s-3593 | 110 | s | 3593 | Frank Melville Supportive Housing Investment Act of 2008 | Housing and Community Development | 2008-09-25 | 2008-09-25 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 1 | 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 amounts. Requires initial contracts with the sponsor of a project assisted with any low-income housing tax credit or with any tax-exempt housing bonds to have an initial term of up to 360 months and to provide funding for 60 months. Revises the requirement that all units in housing assisted by capital advances and project rental assistance contracts be made available for occupancy by very low-income persons with disabilities for at least 40 years. Requires the Secretary, within 30 days of issuing certain capital advances for multifamily projects (except group homes or independent living facilities), to delegate review and processing of such projects to a state or local housing agency meeting specified criteria. Revises tenant selection procedures. Requires a lease between a tenant and a housing owner to be for at least one year. Revises the application of cost limitations developed by the Secretary to supportive housing. Authorizes the Secretary to waive such limitations. Requires the Secretary to: (1) establish a minimum percentage of capital advances per fiscal year for multifamily projects; and (2) carry out a project rental assistance competitive demonstration program to expand the supply of supportive housing for non-elderly adults with disabilities a… | 2017-12-15T00:42:48Z | |
| 110-hconres-427 | 110 | hconres | 427 | Expressing the sense of Congress that ensuring the availability of adequate housing is an essential component of an effective strategy for the prevention and treatment of HIV and the care of individuals with HIV. | Housing and Community Development | 2008-09-24 | 2008-09-24 | Referred to the House Committee on Financial Services. | House | Rep. Nadler, Jerrold [D-NY-8] | NY | D | N000002 | 18 | Expresses the sense of Congress that ensuring the availability of adequate housing is an essential component of an effective strategy for the prevention and treatment of HIV and the care of individuals with HIV. | 2021-09-29T14:19:00Z | |
| 110-hres-1495 | 110 | hres | 1495 | Supporting the goals and ideals of National Assisted Living Week. | Housing and Community Development | 2008-09-24 | 2008-09-24 | Referred to the Subcommittee on Health. | House | Rep. English, Phil [R-PA-3] | PA | R | E000187 | 0 | Supports the goals and ideals of National Assisted Living Week. Urges all people of the United States to: (1) visit friends and loved ones who reside at assisted living facilituies; and (2) learn more about assisted living services, including how assisted living services benefit communities in the United States. | 2019-11-15T21:20:20Z | |
| 110-hr-6990 | 110 | hr | 6990 | Independent Fannie Mae and Freddie Mac Investigative Commission Act | Housing and Community Development | 2008-09-22 | 2008-09-24 | Sponsor introductory remarks on measure. (CR H9411) | House | Rep. Kaptur, Marcy [D-OH-9] | OH | D | K000009 | 0 | Independent Fannie Mae and Freddie Mac Investigative Commission Act - Establishes the Independent Fannie Mae and Freddie Mac Investigative Commission to investigate and issue a final report on the period following the savings and loan crisis of the 1980s to the present. Requires the Commission to investigate: (1) the policies, practices, and board decisions of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) from the 1990s through the present that led to their financial instability and subsequent federal conservatorship; (2) Fannie Mae and Freddie Mac's involvement, if any, in the creation and proliferation of the securitized mortgage instrument, and how such instrument affected their solvency; (3) the role of their boards of directors in developing their accounting and financial risk policies; (4) the actions of each board member or members, executive officer or officers, or the board member or members and executive officer or officers responsible for making the financial decisions to grow the enterprises' portfolios of subprime mortgage loans; and (5) the board member or members, executive officer or officers, or the board member or members and executive officer or officers responsible for making the decisions that may have encouraged the proliferation of the subprime mortgage industry. | 2019-11-15T20:56:31Z | |
| 110-hr-6955 | 110 | hr | 6955 | Taxpayer Reimbursement Act of 2008 | Housing and Community Development | 2008-09-18 | 2008-09-18 | Referred to the House Committee on Financial Services. | House | Rep. Barrett, J. Gresham [R-SC-3] | SC | R | B001239 | 24 | Taxpayer Reimbursement Act of 2008 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Federal Housing Finance Regulatory Reform Act of 2008, to require the Director of the Federal Housing Finance Agency to suspend temporarily any allocations by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) upon: (1) the appointment of a conservator or receiver, and for the duration of a conservatorship or receivership; or (2) a finding that the federal government has not been fully reimbursed for the costs of such a conservatorship. Repeals the reduced percentages for calendar years 2010 and 2011 to require the use of 100% of certain Fannie Mae and Freddie Mac allocations to reimburse the Treasury for payments on bonds of the HOPE for Homeowners Program for calendar 2009-2001. Suspends the annual goals and duties established for Fannie Mae or Freddie Mac during any period it is in conservatorship or receivership. | 2019-11-15T20:56:30Z | |
| 110-hr-6932 | 110 | hr | 6932 | Freedom of Religious Expression in the Home Act of 2008 | Housing and Community Development | 2008-09-17 | 2008-09-17 | Referred to the House Committee on the Judiciary. | House | Rep. Nadler, Jerrold [D-NY-8] | NY | D | N000002 | 24 | Freedom of Religious Expression in the Home Act of 2008 - Amends the Fair Housing Act with respect to discrimination in the sale or rental of housing and other prohibited practices. Makes it unlawful to establish a rule or policy that prevents a person from displaying, on the basis of that person's religious belief, a religious symbol, object, or sign on the door, doorpost, entrance, or otherwise on the exterior of that person's dwelling, or that is visible from the exterior of that dwelling, unless the rule or policy is reasonable and is necessary to prevent significant damage to property, physical harm to persons, a public nuisance, or similar undue hardship. | 2018-11-21T20:29:36Z | |
| 110-hr-6907 | 110 | hr | 6907 | All Bonuses Left Behind Act of 2008 | Housing and Community Development | 2008-09-15 | 2008-09-15 | Referred to the House Committee on Financial Services. | House | Rep. Welch, Peter [D-VT-At Large] | VT | D | W000800 | 0 | All Bonuses Left Behind Act of 2008 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Federal Housing Finance Regulatory Reform Act of 2008, to prohibit a golden parachute payment or indemnification payment to any executive officer or member of the board of directors of the Federal National Mortgage Association (Fannie Mae) or of the Federal Home Loan Mortgage Corporation (Freddie Mac), except pursuant to federal law that specifically: (1) names the individual to whom the payment is to be made; and (2) identifies the payment or payments. | 2019-11-15T20:55:42Z | |
| 110-hr-6785 | 110 | hr | 6785 | No One Strike Eviction Act of 2008 | Housing and Community Development | 2008-08-01 | 2008-08-01 | Referred to the House Committee on Financial Services. | House | Rep. Jackson-Lee, Sheila [D-TX-18] | TX | D | J000032 | 4 | No One Strike Eviction Act of 2008 - Amends the United States Housing Act of 1937 to revise the requirement that a public housing agency (PHA) establish administrative grievance procedures for one strike evictions of tenants from public and federally assisted housing for violent or drug-related criminal activity on or off such premises, or any activity resulting in a felony conviction. Requires the PHA or other reviewing body, during such procedures, to consider all mitigating circumstances and the impact of such actions upon the family and dependents of that person. Exempts a tenant from eviction or denial or termination of a tenancy based solely upon such individual's familial relationship to a person who has been convicted of a criminal offense. Amends the Quality Housing and Work Responsibility Act of 1998 to modify tenant requirements for PHA programs or federally assisted housing to make only an individual ineligible (currently, the entire household with the individual) if such individual is an illegal drug user or alcohol abuser. Authorizes a PHA or owner to deny criminal offenders admission to such programs or housing, but not other members of the offender's household. Amends the United States Housing Act of 1937 to exempt a tenant in public housing or housing assisted under the voucher program or any other section 8 rental assistance program from eviction for criminal or drug-related activity engaged in by a member of a tenant's household, or any guest or other person under the tenant's control, if: (1) the tenant did not know and should not have known of the activity; or (2) the tenant, a member of the tenant's household, or any guest or other person under the tenant's control was the victim of criminal activity. | 2019-11-15T20:55:43Z | |
| 110-hr-6790 | 110 | hr | 6790 | Expanding Access to Foreclosure Counseling Act of 2008 | Housing and Community Development | 2008-08-01 | 2008-08-01 | Referred to the House Committee on Financial Services. | House | Rep. Cardoza, Dennis A. [D-CA-18] | CA | D | C001050 | 0 | Expanding Access to Foreclosure Counseling Act of 2008 - Amends the Foreclosure Prevention Act of 2008, Division B of the Housing and Economic Recovery Act of 2008, with regard to priority consideration the Neighborhood Reinvestment Corporation (NRC) is required to give when making grants to Department of Housing and Urban Development-approved counseling intermediaries which target loss mitigation counseling services to minority and low-income homeowners or provide such services in neighborhoods with high concentrations of minority and low-income homeowners. Revises the requirement that the NRC give priority consideration to counseling intermediaries and legal organizations that provide legal assistance in the 100 metropolitan statistical areas (MSAs) with the highest home foreclosure rates. Requires the NRC, in the case of any of such MSAs which do not have adequate counseling intermediaries and legal organizations providing such legal assistance, to give priority consideration to counseling intermediaries and legal organizations that: (1) do provide such legal assistance in areas near such MSA; and (2) have the capacity to provide it also in such MSA. | 2019-11-15T20:55:43Z | |
| 110-hr-6803 | 110 | hr | 6803 | Real Estate Assessment Center Inspection Improvement Act of 2008 | Housing and Community Development | 2008-08-01 | 2008-08-01 | Referred to the House Committee on Financial Services. | House | Rep. Clarke, Yvette D. [D-NY-11] | NY | D | C001067 | 0 | Real Estate Assessment Center Inspection Improvement Act of 2008 - Requires the Secretary of Housing and Urban Development to take necessary actions to improve the activities of the Real Estate Assessment Center of the Department of Housing and Urban Development (HUD) for physical assessment and inspection of public housing and federally assisted multifamily housing, including developing a detailed process to improve planning and preparation for such inspections.Requires the Secretary to: (1) make the three-day Real Estate Assessment Center physical inspection training for non-inspectors, held in Washington, DC, available to personnel of all public housing agencies throughout the nation, by use of the Web or other electronic means; and (2) convene an advisory committee to review and make recommendations for revising, as necessary, the Center's scoring system. | 2019-11-15T20:55:43Z | |
| 110-hr-6815 | 110 | hr | 6815 | MEGA | Housing and Community Development | 2008-08-01 | 2008-08-01 | Referred to the House Committee on Education and Labor. | House | Rep. Lee, Barbara [D-CA-9] | CA | D | L000551 | 2 | Metro Economies Green Act or MEGA - Authorizes the Secretary of Housing and Urban Development to establish a metro area green zone grant program to make grants to local government units to support and establish green job programs that: (1) target low-income, difficult-to-employ, and formerly incarcerated persons; and (2) involve local business, academia, trade associations, nonprofits, and other stakeholders in energy-efficient economic development and green job training and creation. Authorizes the Secretary also to establish competitive programs to make grants to local government units to support and establish: (1) a similar mini-metro green program that engages smaller communities in green economic and workforce development; and (2) an alternative green academies program that provides green job training, employment opportunities, and other life skills to high school dropouts, formerly incarcerated youth, and individuals unable to attend traditional institutions of higher education. Directs the Secretary to select one unit of general local government or nonprofit organization designated by such a unit to establish and operate a Metro Area Green Institute to serve as a national resource center to support municipally based, green economic and workforce development efforts. | 2020-02-10T16:53:30Z | |
| 110-hr-6694 | 110 | hr | 6694 | FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 | Housing and Community Development | 2008-07-31 | 2008-10-02 | Placed on the Union Calendar, Calendar No. 582. | House | Rep. Green, Al [D-TX-9] | TX | D | G000553 | 28 | FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 - (Sec. 2) Amends the National Housing Act to make exceptions to the prohibition against mortgage insurance for mortgages involving a downpayment using funds furnished by: (1) the seller or any party that benefits financially from the transaction (seller-financed downpayment); or (2) any third party that is reimbursed by the seller or any such party. Makes eligible for mortgage insurance, in spite of a seller-financed downpayment, any mortagors with credit scores equivalent to a FICO score of: (1) 680 or more; (2) at least 620 but less than 680; or (3) 619 or less. Prescribes conditions for mortgage insurance in the latter two situations. Requires entities participating in a governmental or private nonprofit program that provides downpayment assistance for such a mortgage to offer and make available, before loan closing, counseling about the responsibilities and financial management involved in homeownership. Authorizes the Secretary of Housing and Urban Development to impose civil money penalties for improperly influencing appraisals. (Sec. 3) Prohibits the Secretary from implementing: (1) risk-based premiums designed for mortgage lenders to offer a Federal Housing Administration (FHA)-insured product that provides a range of mortgage insurance premium pricing based upon a specified risk that the insurance contract represents; or (2) any other risk-based premium product for mortgage insurance on a single family residence where the premium price for such new product is based upon the borrower's Decision Credit Score. Makes an exception from such prohibition for flexible risk-based premiums. Authorizes the Secretary to establish, for a mortgagor whose FICO credit score is under 600, a mortgage insurance premium structure with a variable rate that reflects the mortgagor's credit risk, if the basis for determining such rate is established before the mortgage is executed. Requires notice to mortgagees and to Congress before such … | 2022-02-03T05:19:03Z | |
| 110-hr-6751 | 110 | hr | 6751 | Gulf Coast Multifamily and Assisted Housing Recovery Act | Housing and Community Development | 2008-07-31 | 2008-07-31 | Referred to the House Committee on Financial Services. | House | Rep. Melancon, Charlie [D-LA-3] | LA | D | M001161 | 2 | 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 Hurricane Katrina in New Orleans and in the Parish of St. Bernard. Requires the Secretary to adjust the rent levels annually on a budget-based basis for eligible projects in a designated disaster area receiving rental assistance under the Housing Act of 1959 and the Cranston-Gonzalez National Affordable Housing Act. Requires the Secretary to report to specified congressional committees on: (1) the number of project-based assistance contracts and units which were terminated in the designated disaster area after September 30, 2005; and (2) the specific developer, project name, location, number of units, and project description for each such project-based assistance contract. Prohibits a project-based assistance payments contract for a covered assisted multifamily housing project from expiring or being terminated because of the damage or destruction of dwelling units in the project by Hurricane Katrina or Hurricane Rita. Deems the expiration date of such a contract to be the later of the date: (1) specified in the contract; or (2) that is not less than three months after the dwelling units in such project, or in a replacement project, are first made habitable. Requires the Secretary to develop and report to specified congressional committees on a written disas… | 2023-01-11T13:15:49Z | |
| 110-s-3363 | 110 | s | 3363 | Section 515 Rural Housing Property Transfer Improvement Act of 2008 | Housing and Community Development | 2008-07-30 | 2008-07-30 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Tester, Jon [D-MT] | MT | D | T000464 | 0 | Section 515 Rural Housing Property Transfer Improvement Act of 2008 - Amends the Housing Act of 1949 to direct the Secretary of Agriculture to: (1) implement administrative and procedural changes to expedite the application approval process for transferring ownership of Section 515 rural multifamily housing projects for which a loan is either made or insured for a project's preservation, continued use restriction, and rehabilitation; and (2) actively facilitate such transfers. Grants final regulatory authority over such property transfers to the Office of Rental Housing Preservation of the Rural Housing Service of the Department of Agriculture. Sets forth deadlines for the processing of transfer applications. | 2022-02-03T05:11:26Z | |
| 110-hconres-391 | 110 | hconres | 391 | Recognizing the disparities that are associated with predatory lending abuses in minority communities and expressing the sense of the Congress that as new abuses continue to emerge, such laws should ensure that all those responsible for representing and protecting families have the authority to act to address these new problems. | Housing and Community Development | 2008-07-17 | 2008-07-17 | Referred to the House Committee on Financial Services. | House | Rep. Clarke, Yvette D. [D-NY-11] | NY | D | C001067 | 1 | Declares that Congress recognizes that: (1) for most types of subprime mortgages, borrowers of color are more likely to receive higher rate loans; (2) there are many factors that have played roles in making these mortgages more costly to these borrowers; and (3) policymakers should review whether lower cost lenders need additional incentives to help meet the credit needs of communities of color. Encourages: (1) fair pricing of home mortgages based only on legitimate risk factors and facilitates economic progress for all borrowers; and (2) lenders to eliminate discretionary pricing in the subprime mortgage market, and to adopt transparent, market-driven prices for mortgages representing similar risks. Encourages more transparency by: (1) addressing yield-spread premiums in laws designed to protect homeowners from abusive lending practices; (2) prohibiting yield-spread premiums subprime and nontraditional home loans; (3) improving transparency of yield-spread premiums by requiring brokers to explain to applicants what the rate, payment, and fees on the loan could be with and without such premium; (4) following the trends of the securities industry, holding lenders and brokers responsible for providing loans that are suitable for a given borrower; and (5) prohibiting prepayment penalties in subprime loans. Encourages preventing pricing discrimination by requiring subprime lenders to disclose more detailed pricing and underwriting information in their Home Mortgage Disclosure Act data. Encourages: (1) regulators to report annually on the number of fair lending examinations performed and for each examination provide certain publicly available information; and (2) public and private partnerships to ensure that responsible investments are made in underserved communities. Upholds the laws and regulations that prohibit predatory, irresponsible subprime lending and have proven effective in reducing the number of abusive loans while maintaining a vibrant market for subprime home loans. Urges policymakers to: (1) endorse leg… | 2020-07-23T15:27:03Z | |
| 110-hconres-392 | 110 | hconres | 392 | Supporting the goal of increased and sustainable homeownership in the United States and recognizing the importance of homeownership programs, fair lending laws, and fair housing laws in achieving that goal. | Housing and Community Development | 2008-07-17 | 2008-07-17 | Referred to the House Committee on Financial Services. | House | Rep. Hastings, Alcee L. [D-FL-23] | FL | D | H000324 | 8 | Supports: (1) the goal of increasing U.S. homeownership; and (2) first-time homeownership programs, including the With Ownership, Wealth Initiative of the Congressional Black Caucus Foundation, the Congressional Hispanic Caucus Institute National Housing Initiative, and initiatives of the National Coalition for Asian Pacific American Community Development. Recognizes homeownership's importance in establishing financial independence. Urges federal, state, and local governments to: (1) take appropriate actions to encourage homeownership and fair housing practices; (2) confront all forms of predatory lending with swift legislative action; and (3) fund private fair housing organizations to protect and educate the public. Recommits Congress to making fair housing and homeownership a 110th Congress priority. | 2022-02-03T05:09:48Z | |
| 110-hr-6521 | 110 | hr | 6521 | Federal Housing Finance Regulatory Reform Act of 2008 | Housing and Community Development | 2008-07-16 | 2008-07-16 | Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | House | Rep. Garrett, Scott [R-NJ-5] | NJ | R | G000548 | 12 | Federal Housing Finance Regulatory Reform Act of 2008 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to replace the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD) with the Federal Housing Finance Agency (Agency), headed by a Director with regulatory authority over the following entities: (1) the Office of Finance; and (2) the Federal Home Loan Banks (FHLBs); (3) the Federal National Mortgage Association (Fannie Mae); and (4) the Federal Home Loan Mortgage Corporation (Freddie Mac).Establishes the Federal Housing Finance Oversight Board to advise the Director.Authorizes the Director to require such entities to submit regular reports of condition.Establishes within the Agency: (1) an Office of Inspector General; and (2) Office of the Ombudsman. Requires the Director to: (1) collect from such entities assessments to provide for Agency expenses; (2) establish criteria to ensure that entity portfolios are backed by sufficient capital; and (3) establish risk-based capital requirements to maintain sufficient capital and reserves to support risks in enterprise operations and management. Amends the Securities Exchange Act of 1934 to set forth entity registration requirements. Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to: (1) cite factors pertinent to prohibitions and withholding of executive compensation, including golden parachutes and indemnification payments; and (2) require reporting of fraudulent loans transactions. Requires the Director to assume additional HUD responsibilities, including prior Director approval of entity products. Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to increase conforming loan limitations for Fannie Mae and Freddie Mac, respectively. Expresses the sense of Congress to encourage Fannie Mae and Freddie Mac to securitize mortgages acquired under the increased conforming loan limits established … | 2021-06-07T20:05:15Z | |
| 110-s-3275 | 110 | s | 3275 | Affordable Housing Preservation Act of 2008 | Housing and Community Development | 2008-07-16 | 2008-07-16 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Smith, Gordon H. [R-OR] | OR | R | S001142 | 1 | Affordable Housing Preservation Act of 2008 - Directs the Secretary of Housing and Urban Development (HUD) to establish a pilot program under which funds in the residual receipts account of an eligible multifamily housing property are transferred, at the time of a qualified sale or exchange, to preservation entities to facilitate the transfer of multifamily housing projects with expiring section 8 housing assistance payments contracts under the United States Housing Act of 1937.Defines "preservation entity" as a HUD-approved housing agency, organization, or entity (for profit or nonprofit) that has the capacity and commitment to successfully acquire and preserve an eligible multifamily housing property. Requires the Secretary to: (1) determine whether the preservation entity's plan for rehabilitation and operation maintains and restores the decent, safe, and sanitary condition of the eligible multifamily housing property, and is viable for at least 30 years; and (2) monitor the affordability and use restrictions for the property.Imposes penalties on preservation entities for noncompliance with this Act.Requires the Secretary to designate at least three states to participate in the pilot program.States that grants shall be used to: (1) pay for rehabilitation costs approved by the housing agency; (2) deposit funds into the property's replacement reserve account; and (3) pay for social and other services that directly benefit the tenants of such property, its associated acquisition costs, and any other costs that have been approved by the housing agency and will directly benefit such tenants. | 2017-12-15T00:33:26Z | |
| 110-hconres-383 | 110 | hconres | 383 | Recognizing the importance of homeownership for Americans. | Housing and Community Development | 2008-06-26 | 2008-06-26 | Referred to the House Committee on Financial Services. | House | Rep. Herseth Sandlin, Stephanie [D-SD-At Large] | SD | D | H001037 | 7 | Expresses the sense of Congress that: (1) everyone in the United States should have a decent home in which to live; (2) Members of Congress should demonstrate the importance of volunteerism; (3) during the 110th, 111th, and 112th Congresses, Members are encouraged to participate in Congress Building America, a program in which congressional delegations work with Habitat for Humanity affiliates to build homes in their districts and states; and (4) these occasions should be used to emphasize and focus on the importance of providing decent homes for all people in the United States. | 2020-07-23T15:27:02Z | |
| 110-sconres-92 | 110 | sconres | 92 | A concurrent resolution recognizing the importance of homeownership for Americans. | Housing and Community Development | 2008-06-26 | 2008-06-26 | Referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S6298) | Senate | Sen. Johnson, Tim [D-SD] | SD | D | J000177 | 1 | Expresses the sense of Congress that: (1) everyone in the United States should have a decent home in which to live; (2) Members of Congress should demonstrate the importance of volunteerism; (3) during the 110th, 111th, and 112th Congresses, Members are encouraged to participate in Congress Building America, a program in which congressional delegations work with Habitat for Humanity affiliates to build homes in their districts and states; and (4) these occasions should be used to emphasize and focus on the importance of providing decent homes for all people in the United States. | 2017-12-14T21:55:37Z | |
| 110-hr-6347 | 110 | hr | 6347 | HOPE VI Amendment Act of 2008 | Housing and Community Development | 2008-06-23 | 2008-06-23 | Referred to the House Committee on Financial Services. | House | Rep. Brown, Corrine [D-FL-3] | FL | D | B000911 | 5 | HOPE VI Amendment Act of 2008 - Continues through September 30, 2009, the availability of amounts appropriated for FY2002 for grants to certain public housing agencies for public housing demolition, site revitalization, replacement housing, and tenant-based assistance (HOPE VI grants). Makes eligible for such continued grant availability any public housing agencies that since October 1, 2002, have suffered project delays, and cost increases due to shortages in labor and materials, as a result of natural catastrophes, fire, flood, explosion, or the 2007-2008 subprime mortgage crisis. | 2022-02-03T05:17:30Z | |
| 110-hr-6309 | 110 | hr | 6309 | Lead-Safe Housing for Kids Act of 2008 | Housing and Community Development | 2008-06-19 | 2008-08-01 | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | House | Rep. Ellison, Keith [D-MN-5] | MN | D | E000288 | 6 | Lead-Safe Housing for Kids Act of 2008 - Amends the Residential Lead-Based Paint Hazard Reduction Act of 1992, with respect to lead-based paint hazards in housing, to set the environmental intervention blood lead level as equal to the lower of: (1) ten micrograms of lead per deciliter; or (2) the elevated blood lead level of concern for a child under six years of age recommended by the Centers for Disease Control and Prevention. Requires the Secretary of Housing and Urban Development to amend related regulations to comply with this Act within 90 days. Requires the Secretary to report to Congress on the status of the Department of Housing and Urban Development "Big Buy" program, and any other voluntary programs the Secretary has implemented or has planned to implement, through which the Secretary has conducted, or planned to conduct, lead evaluations. Authorizes appropriations for FY2009. Denies that this Act creates any obligation or requirement on the part of any owner of housing, public housing agency, or other party (besides the Secretary of Housing and Urban Development) to comply with any new obligations established by or pursuant to this Act, except to the extent that the Secretary makes funds available to the owner, agency, or party for the costs of compliance. | 2022-02-03T05:19:39Z | |
| 110-hr-6276 | 110 | hr | 6276 | Public Housing Disaster Relief Act of 2008 | Housing and Community Development | 2008-06-17 | 2008-06-19 | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | House | Rep. Cazayoux, Donald J., Jr. [D-LA-6] | LA | D | C001073 | 8 | (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 may be used for emergency assistance for any eligible use under the Operating Fund or the Capital Fund, or for tenant-based assistance). | 2022-02-03T05:13:28Z | |
| 110-hr-6249 | 110 | hr | 6249 | H-HOMERUN Act of 2008 | Housing and Community Development | 2008-06-12 | 2008-06-12 | Referred to the House Committee on Financial Services. | House | Rep. Kuhl, John R. "Randy", Jr. [R-NY-29] | NY | R | K000364 | 0 | Helping Home Owners Make Energy-Efficiency Residential Upgrades Now Act of 2008 or the H-HOMERUN Act of 2008 - Requires the Secretary of Housing and Urban Development to establish a program to make direct loans for energy efficiency improvements for single family housing. Sets forth loan requirements.Directs the Secretary to require that the total present value cost of such improvement is less than the total present value of the energy saved over the useful life of the improvement. Requires such cost and savings to be determined pursuant to a home energy rating report based upon a physical inspection of the property by a home energy rating system, or energy consultant, approved by the Secretary. Requires the aggregate outstanding principal balance of direct loans to not at any time exceed $100 billion.Amends the Housing and Community Development Act of 1992 to prohibit the Secretary from establishing a maximum limitation on the cost of the cost-effective energy efficiency improvements to be financed by an energy efficient mortgage provided under the Energy Efficient Mortgages Program. Requires a mortgagor to pay on account of the cost-effective energy efficiency improvements for which the mortgage is made at least 5% of the Secretary's estimate of the cost of acquisition and/or installation. | 2019-11-15T20:55:42Z | |
| 110-hr-6254 | 110 | hr | 6254 | Temporary FHA Direct Endorsement Lender Participation Act of 2008 | Housing and Community Development | 2008-06-12 | 2008-06-12 | Referred to the House Committee on Financial Services. | House | Rep. Miller, Gary G. [R-CA-42] | CA | R | M001139 | 2 | Temporary FHA Direct Endorsement Lender Participation Act of 2008 - Amends the Economic Stimulus Act of 2008 to require the Secretary of Housing and Urban Development to authorize the participation of mortgage brokers and lenders meeting certain criteria as direct endorsement mortgagees under the FHA single family mortgage insurance program for mortgages approved by the end of 2008. | 2019-11-15T20:55:42Z | |
| 110-hr-6216 | 110 | hr | 6216 | Asset Management Improvement Act of 2008 | Housing and Community Development | 2008-06-09 | 2008-07-10 | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | House | Rep. Sires, Albio [D-NJ-13] | NJ | D | S001165 | 2 | Asset Management Improvement Act of 2008 - Prohibits the Secretary of Housing and Urban Development from imposing restrictions or limitations on the amount of management and related fees for a public housing project which the public housing agency (PHA) determines reasonable, unless such restriction or limitation: (1) is determined pursuant to a negotiated rulemaking convened by the Secretary no earlier than April 1, 2009, with representatives from interested parties; and (2) is effective only on or after January 1, 2011. Allows any PHA that owns or operates fewer than 500 public housing units under the United States Housing Act of 1937 to elect to be exempt from asset management requirements imposed by the Secretary. Prohibits the Secretary from imposing any requirement, regulation, or guideline relating to asset management that restricts or limits in any way the use by PHAs of amounts for Capital Fund assistance for costs of any PHA central office. Requires the Secretary to ensure that PHAs encourage the reasonable efforts of resident tenant organizations to represent their members and of tenants to organize. Makes illegal immigrants ineligible for financial assistance under this Act. Prohibits the Secretary from accepting as reasonable any management or related fees for enforcing a dwelling lease or other similar agreement that requires the registration of or prohibits the possession of firearms by an individual for personal protection or for sport, if the possession is not prohibited, or the registration is not required, by existing law. Amends the Quality Housing and Work Responsibility Act of 1998 to permit a PHA or owner of federally assisted housing to terminate the tenancy or assistance for any household with a member who is illegally using a firearm, or whose illegal use is determined by the PHA or owner to interfere with the health, safety, or right to peaceful enjoyment of the premises by other residents. | 2022-02-03T05:17:25Z | |
| 110-hr-6164 | 110 | hr | 6164 | Federal Housing Enterprises Transparency and Accountability Act of 2008 | Housing and Community Development | 2008-05-22 | 2008-05-22 | Referred to the House Committee on Financial Services. | House | Rep. Watt, Melvin L. [D-NC-12] | NC | D | W000207 | 2 | Federal Housing Enterprises Transparency and Accountability Act of 2008 - Directs the Federal Housing Board to require each Federal Home Loan Bank, and the Director of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), to carry out a pilot program to reduce risk through the use of electronic platforms to conduct transactions in interest rate swaps and forward rate agreements. | 2023-01-11T13:15:48Z | |
| 110-hr-6116 | 110 | hr | 6116 | Saving Family Homes Act of 2008 | Housing and Community Development | 2008-05-21 | 2008-05-21 | Referred to the House Committee on Financial Services. | House | Rep. Grijalva, Raúl M. [D-AZ-7] | AZ | D | G000551 | 2 | Saving Family Homes Act of 2008 - Grants eligible mortgagors subject to foreclosure proceedings the right to continue to occupy forclosed properties subject to the payment of fair market rent for a period of 20 years that begins upon the commencement of occupancy of such property. | 2021-09-29T14:12:18Z | |
| 110-hr-6099 | 110 | hr | 6099 | To provide for extension of existing and expiring agreements under the Moving-to-Work program of the Department of Housing and Urban Development. | Housing and Community Development | 2008-05-20 | 2008-05-20 | Referred to the House Committee on Financial Services. | House | Rep. Sires, Albio [D-NJ-13] | NJ | D | S001165 | 3 | Requires the Secretary of Housing and Urban Development, upon the request of a public housing agency (PHA) which has a Moving to Work agreement (under the demonstration program authorized by the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996), to extend it for a 12-month period under such terms as are or were in effect upon the agreement's expiration. Provides that, for a PHA that previously received an extension of its agreement and entered into a subsequent agreement after January 1, 2008, the Secretary shall, upon the PHA's request, invalidate such subsequent agreement and extend any agreement that was in effect as of such date also for a 12-month period under such terms as were in effect as of that date. Prohibits the Secretary from extending a Moving to Work agreement if a PHA is noncompliant with its agreement's terms. Expresses the sense of Congress that the maximum number of PHAs authorized to participate in the Moving to Work demonstration program should not be expanded until the demonstration program has been reformed and permanently authorized through enactment of a federal law. | 2019-11-15T20:55:38Z | |
| 110-s-3034 | 110 | s | 3034 | Protecting Tenants at Foreclosure Act of 2008 | Housing and Community Development | 2008-05-19 | 2008-05-19 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Kerry, John F. [D-MA] | MA | D | K000148 | 1 | Protecting Tenants at Foreclosure Act of 2008 - States that any immediate successor in interest to residential property in foreclosure assumes such interest subject to: (1) giving the existing bona fide tenant at least 90-day notice to vacate; and (2) specified rights of such tenant to occupy the premises until the end of the remaining term of the lease. Amends the United States Housing Act of 1937 to require a housing assistance payment contract to provide that in the case of an owner who is an immediate successor in interest pursuant to foreclosure: (1) during the initial term of the lease vacating the property prior to sale shall not constitute other good cause for termination of the lease; but (2) in subsequent lease terms, vacating the property prior to sale may constitute good cause if the property is unmarketable while occupied, or if such owner will occupy the unit as a primary residence. Authorizes a housing assistance payment contract entered into by the public housing agency and the owner of a dwelling unit to provide that the immediate successor in interest to property in foreclosure in which a housing assistance recipient resides, assumes such interest subject to the lease between the prior owner and the tenant, and subject to the housing assistance payments contract between the prior owner and the public housing agency for the occupied unit. | 2017-12-15T00:21:43Z | |
| 110-hr-6076 | 110 | hr | 6076 | Home Retention and Economic Stabilization Act of 2008 | Housing and Community Development | 2008-05-15 | 2008-05-15 | Referred to the House Committee on Financial Services. | House | Rep. Matsui, Doris O. [D-CA-5] | CA | D | M001163 | 48 | Home Retention and Economic Stabilization Act of 2008 - Amends the Truth in Lending Act to establish the right of an eligible deferred-foreclosure consumer, defendable in court, to defer initiation of a foreclosure or related action, including a foreclosure sale, brought by any creditor, servicer, or holder of an eligible deferred-foreclosure mortgage, during a specified deferment period. Declares invalid any foreclosure action or proceeding regarding a deferred-foreclosure mortgage if the creditor or servicer fails to notify the consumer: (1) at least 30 days before instituting the action or proceeding; and (2) at least once during each subsequent 30-day period until the foreclosure becomes final. Prescribes procedures governing: (1) initiating foreclosure deferment; (2) payment notices during the deferment period; and (3) the manner of consumer payment during the deferment period. Amortizes over the life of the mortgage the difference between the amount of monthly payment due under the eligible deferred-foreclosure mortgage and the deferment payment amount. Prohibits a creditor or servicer from imposing any late fee or other fee or charge during the deferment period. Requires the creditor or servicer to provide the consumer with separate, written notification, distinct from all other correspondence, regarding: (1) any interest rate increase with respect to a sub-prime mortgage; (2) any minimum monthly payment increase with respect to a negative amortization mortgage; (3) clear and conspicuous disclosure of the good faith estimate of the monthly payment applicable after the adjustment or reset date; and (4) a list of alternatives available to consumers prior to the date of adjustment or increase. Authorizes appropriations for the Neighborhood Reinvestment Corporation to implement foreclosure mitigation activities. | 2021-04-20T15:17:19Z | |
| 110-hr-6078 | 110 | hr | 6078 | Green Resources for Energy Efficient Neighborhoods Act of 2008 | Housing and Community Development | 2008-05-15 | 2008-07-31 | Ordered to be Reported (Amended) by Voice Vote. | House | Rep. Perlmutter, Ed [D-CO-7] | CO | D | P000593 | 43 | Green Resources for Energy Efficient Neighborhoods Act of 2008 or the GREEN Act of 2008 - Sets forth provisions concerning Housing of Urban Development (HUD) energy efficiency and conservation standards and green building standards for structures (conservation standards).Requires the Secretary of HUD to conduct a program to demonstrate the effectiveness of funding a portion of the costs of carrying out energy efficiency and conservation and green building measures for multifamily housing projects for which rental assistance is provided under a covered multifamily assistance program. Amends the Housing and Community Development Act of 1992 to provide for credits for Fannie Mae and Freddie Mac for mortgage purchases that support housing that meets conservation standards.Amends the Federal National Mortgage Association Charter Act, the Federal Home Loan Mortgage Corporation Act, and the Federal Home Loan Bank Act to include provisions concerning energy-efficient mortgages and location-efficient mortgages.Amends the National Housing Act to require the Secretary to: (1) ensure that the aggregate outstanding principal obligation of mortgages on single-family housing meeting energy efficiency standards that are insured by the Secretary is not less than $1 billion; and (2) conduct an energy efficient mortgages education and outreach campaign. Amends the Home Mortgage Disclosure Act of 1975 to require the disclosure of the number and dollar amount of mortgage loans that are energy efficient and location efficient. Prohibits insurers from denying homeowner insurance coverage or discriminating in coverage for structures that are not connected to, or not able to receive electricity from, electric power providers. Requires the Secretary to establish incentives for developers to: (1) increase the energy efficiency of multifamily housing; and (2) certify that trees, shrubs, grasses, and other plants are planted properly.Sets forth provisions concerning energy saving techniques and energy performance requirements for manufacture… | 2022-02-03T05:17:29Z | |
| 110-hr-6027 | 110 | hr | 6027 | To provide highest preference in the use of foreclosed housing acquired using Federal loan or grant funds made available under the Neighborhood Stabilization Act of 2008 for providing housing for disabled veterans and to prohibit the purchase or lease of such housing by any individual convicted under Federal or State law of a drug-dealing offense, a sex offense, or mortgage fraud. | Housing and Community Development | 2008-05-13 | 2008-05-13 | Referred to the House Committee on Financial Services. | House | Rep. Shadegg, John B. [R-AZ-3] | AZ | R | S000275 | 0 | Prohibits an individual from purchasing or leasing any housing acquired using federal loan or grant funds made available for use under the Neighborhood Stabilization Act of 2008, or any dwelling unit in any such housing, if such individual has been convicted under federal or state law of a drug-dealing offense, a sex offense, or mortgage fraud. Requires each state, metropolitan city, and urban county that is provided such loan or grant amounts, notwithstanding any other preferences required or authorized under such Act for use of such amounts, to give highest priority to providing housing for disabled veterans. | 2019-11-15T20:55:37Z | |
| 110-hr-6021 | 110 | hr | 6021 | To prohibit the purchase or lease of housing acquired using Federal loan or grant funds appropriated for the purchase and rehabilitation of foreclosed housing under the Neighborhood Stabilization Act of 2008 by any individual convicted under Federal or State law of a drug-dealing offense, a sex offense, or mortgage fraud. | Housing and Community Development | 2008-05-12 | 2008-05-12 | Referred to the House Committee on Financial Services. | House | Rep. Foster, Bill [D-IL-14] | IL | D | F000454 | 0 | Prohibits any individual from purchasing or leasing any housing (or any dwelling unit in housing) acquired using federal loan or grant funds Congress appropriates for the purchase and rehabilitation of foreclosed housing under the Neighborhood Stabilization Act of 2008, if he or she has been convicted under federal or state law of a felony drug-dealing offense (within the five-year period preceding the purchase or lease transaction date), a sex offense, or mortgage fraud. | 2019-11-15T20:55:37Z | |
| 110-hr-5958 | 110 | hr | 5958 | Homeowner Opportunity Act of 2008 | Housing and Community Development | 2008-05-05 | 2008-05-05 | Referred to the House Committee on Financial Services. | House | Rep. McNerney, Jerry [D-CA-11] | CA | D | M001166 | 11 | Homeowner Opportunity Act of 2008 - Amends the Federal National Mortgage Association Charter Act, the Federal Home Loan Mortgage Corporation Act, and the National Housing Act to make permanent certain increases in the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Expresses the sense of the Congress to encourage Fannie Mae and Freddie Mac to securitize mortgages acquired under the increased conforming loan limits to the extent that such securitizations do not impose additional costs for mortgages originated, purchased, or securitized under the existing limits, or interfere with the goal of adding liquidity to the market. Amends the National Housing Act to: (1) increase the mortgage loan limit for mortgage insurance in high-cost areas; and (2) direct the Secretary of Housing and Urban Development to publish the median house prices and mortgage principal obligation limits for all areas each year. | 2019-11-15T20:55:39Z | |
| 110-hr-5963 | 110 | hr | 5963 | Protecting Tenants at Foreclosure Act of 2008 | Housing and Community Development | 2008-05-05 | 2008-05-05 | Referred to the House Committee on Financial Services. | House | Rep. Ellison, Keith [D-MN-5] | MN | D | E000288 | 2 | Protecting Tenants at Foreclosure Act of 2008 - States that any immediate successor in interest to residential property in foreclosure assumes such interest subject to: (1) giving the existing bona fide tenant at least 90-day notice to vacate; and (2) specified rights of such tenant to occupy the premises until the end of the remaining term of the lease. Amends the United States Housing Act of 1937 to require a housing assistance payment contract to provide that in the case of an owner who is an immediate successor in interest pursuant to foreclosure: (1) during the initial term of the lease vacating the property prior to sale shall not constitute other good cause for termination of the lease; but (2) in subsequent lease terms, vacating the property prior to sale may constitute good cause if the property is unmarketable while occupied, or if such owner will occupy the unit as a primary residence. Authorizes a housing assistance payment contract entered into by the public housing agency and the owner of a dwelling unit to provide that the immediate successor in interest to property in foreclosure in which a housing assistance recipient resides, assumes such interest subject to the lease between the prior owner and the tenant, and subject to the housing assistance payments contract between the prior owner and the public housing agency for the occupied unit. | 2019-11-15T20:55:39Z | |
| 110-hr-5966 | 110 | hr | 5966 | To target housing counseling funding based upon levels of residential mortgage foreclosures and delinquencies. | Housing and Community Development | 2008-05-05 | 2008-05-05 | Referred to the House Committee on Financial Services. | House | Rep. Kaptur, Marcy [D-OH-9] | OH | D | K000009 | 1 | Declares that funds appropriated in 2008 for housing counseling related to loss mitigation should be targeted to states and communities based on their levels of foreclosures and delinquencies in 2007 and in 2008. | 2019-11-15T20:55:39Z | |
| 110-s-2975 | 110 | s | 2975 | Gulf Coast Multifamily and Assisted Housing Recovery Act | Housing and Community Development | 2008-05-02 | 2008-05-02 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S3746-3747) | Senate | Sen. Landrieu, Mary L. [D-LA] | LA | D | L000550 | 3 | 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 Hurricane Katrina in New Orleans and in the Parish of St. Bernard. Requires the Secretary to adjust the rent levels annually on a budget-based basis for eligible projects in a designated disaster area receiving rental assistance under the Housing Act of 1959 and the Cranston-Gonzalez National Affordable Housing Act. Requires the Secretary to report to specified congressional committees on: (1) the number of project-based assistance contracts and units which were terminated in the designated disaster area after September 30, 2005; and (2) the specific developer, project name, location, number of units, and project description for each such project-based assistance contract. Prohibits a project-based assistance payments contract for a covered assisted multifamily housing project from expiring or being terminated because of the damage or destruction of dwelling units in the project by Hurricane Katrina or Hurricane Rita. Deems the expiration date of such a contract to be the later of the date: (1) specified in the contract; or (2) that is not less than three months after the dwelling units in such project, or in a replacement project, are first made habitable. Requires the Secretary to develop and report to specified congressional committees on a written disas… | 2017-12-15T00:05:50Z | |
| 110-hr-5937 | 110 | hr | 5937 | To facilitate the preservation of certain affordable housing dwelling units. | Housing and Community Development | 2008-05-01 | 2008-05-08 | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | House | Rep. Towns, Edolphus [D-NY-10] | NY | D | T000326 | 4 | (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 dwelling unit on the date of such conversion to meet the applicable requirements for income eligibility and occupancy. | 2019-11-15T20:55:39Z | |
| 110-hr-5894 | 110 | hr | 5894 | Emergency Housing Assistance Act of 2008 | Housing and Community Development | 2008-04-24 | 2008-04-24 | Referred to the House Committee on Financial Services. | House | Rep. Moore, Gwen [D-WI-4] | WI | D | M001160 | 11 | Emergency Housing Assistance Act of 2008 - Authorizes appropriations for FY2008 for grants under the Emergency Food and Shelter Program under the McKinney-Vento Homeless Assistance Act. Allows only up to 3.5% of such funds to be used for administrative costs. Limits the use of grants to the Emergency Food and Shelter Program National Board under this Act, and any monies received by any private nonprofit organization or local government from the National Board from such amounts, solely for housing-related assistance needed to prevent homelessness in connection with the foreclosure on a dwelling occupied by an eligible family. Specifies among the uses of such assistance relocation expenses, security and utility deposits, mortgage payments, rent payments, utility payments, and other foreclosure or eviction prevention expenses. Allows an eligible family to receive such assistance for up to three months. Requires such assistance to be provided directly to mortgage servicers, property managers, utility companies, or other entities necessary to prevent the homelessness of such family. (No funds shall be provided directly to the family). Requires the National Board, and any private nonprofit organization or local government receiving monies from it, to maintain such monies in an account separate from other funds provided under the Program. | 2021-04-20T15:14:21Z | |
| 110-s-2901 | 110 | s | 2901 | Encouraging Mortgage Modifications Act of 2008 | Housing and Community Development | 2008-04-23 | 2008-04-23 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S3307) | Senate | Sen. Specter, Arlen [R-PA] | PA | R | S000709 | 0 | Encouraging Mortgage Modifications Act of 2008 - Amends the Real Estate Settlement Procedures Act of 1974 to set forth duties of mortgage servicers regarding certain loan modifications or workout plans that affect pooled qualified residential mortgages. Specifies among such duties the duty to: (1) determine if the net present value of the payments on the modified loan is likely to be greater than the anticipated net recovery that would result from foreclosure to all investors and parties having a direct or indirect interest in the pooled loans or securitization vehicle; and (2) act in the best interests of all such investors and parties, if the servicer agrees to or implements a qualified loan modification or workout plan for a qualified residential mortgage, or takes other reasonable loss mitigation actions, including accepting partial payments or short sale of the property, if such efforts are unsuccessful or infeasible. Shields from liability a servicer who enters into a qualified loan modification or workout plan if the servicer acts in a manner consistent with such duties. | 2017-12-15T00:03:48Z | |
| 110-hr-5857 | 110 | hr | 5857 | Homeownership Protection and Housing Market Stabilization Act of 2008 | Housing and Community Development | 2008-04-22 | 2008-05-23 | Referred to the Subcommittee on Military Personnel. | House | Rep. Bachus, Spencer [R-AL-6] | AL | R | B000013 | 60 | Homeownership Protection and Housing Market Stabilization Act of 2008 - Sets forth a licensing and registry system for residential mortgage loan originators. Amends the Truth in Lending Act to require additional creditor disclosures on residential mortgage loans. Expand and Preserve Home Ownership Through Counseling Act - Amends the Department of Housing and Urban Development Act to establish the Office of Housing Counseling in the Office of the Secretary of Housing and Urban Development (HUD). Amends the Community Reinvestment Act of 1977 to grant community investment credit for certain lender practices. Expanding American Homeownership Act of 2008 - Amends the National Housing Act to revise the single family mortgage insurance program under the Federal Housing Administration (FHA), including Hawaiian home lands and Indian reservations, and home equity conversion (reverse) mortgages. Amends the Economic Stimulus Act of 2008 to grant a temporary increase in the maximum loan guaranty amount for veterans' housing loans guaranteed by Secretary of Veterans Affairs. Directs the Secretary of Defense to implement a mortgage foreclosure prevention counseling program for members of the Armed Forces returning from active duty abroad.Amends the Servicemembers Civil Relief Act to extend the period of protection against mortgage foreclosures. Amends the Truth in Lending Act to: (1) require escrow and impound accounts for periodic payments for certain credit transactions; and (2) set forth property appraisal requirements. Authorizes appropriations for federal prosecution of mortgage fraud. Federal Housing Finance Reform Act of 2008 - Amends the Housing and Community Development Act of 1992 to establish: (1) the Federal Housing Finance Agency (FHFA) to exercise oversight authority over the Federal Home Loan Banks, the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal National Mortgage Association (Fannie Mae) (enterprises) ; and (2) the Federal Housing Enterprise Board. Prescribes: (1) minimum and critic… | 2022-02-03T05:08:49Z | |
| 110-hr-5870 | 110 | hr | 5870 | Emergency Neighborhood Reclamation Act of 2008 | Housing and Community Development | 2008-04-22 | 2008-04-22 | Referred to the House Committee on Financial Services. | House | Rep. Ryan, Tim [D-OH-17] | OH | D | R000577 | 1 | Emergency Neighborhood Reclamation Act of 2008 - Requires the Secretary of Housing and Urban Development (HUD) to make grants to eligible units of general local government for neighborhood reclamation. Specifies grant applicant eligibility requirements, including a comprehensive plan for the demolition of all vacant and abandoned housing and other structures within the local government's jurisdiction that will increase the stability of neighborhoods, or promote the rational utilization of land within that jurisdiction. Requires the use of such grant to fund: (1) the demolition of vacant and abandoned housing, and other vacant and abandoned structures, located in areas that are primarily residential in character; (2) the abatement, before demolition, of any health and safety hazards within such housing or structures, or on the site upon which such housing or other structures are located; and (3) the capping or removal, after demolition, of utility connections and public infrastructure, including street pavements and sewer lines, and the rehabilitation of a site for use as public open space, inclusion in a land bank, or for sale. Prohibits the use of funds made available under this Act to demolish public housing. | 2019-11-15T20:55:37Z | |
| 110-hr-5829 | 110 | hr | 5829 | Public Housing Asset Management Improvement Act of 2008 | Housing and Community Development | 2008-04-17 | 2008-04-24 | Committee Consideration and Mark-up Session Held. | House | Rep. Sires, Albio [D-NJ-13] | NJ | D | S001165 | 4 | Public Housing Asset Management Improvement Act of 2008 - Prohibits the Secretary of Housing and Urban Development from imposing restrictions or limitations on the amount of management and related fees for a public housing project which the public housing agency (PHA) determines reasonable, unless such restriction or limitation: (1) is determined pursuant to a negotiated rulemaking convened by the Secretary no earlier than April 1, 2009, with representatives from interested parties; and (2) is effective only on or after January 1, 2011. Allows any PHA that owns or operates fewer than 500 public housing units under the United States Housing Act of 1937 to elect to be exempt from asset management requirements imposed by the Secretary. Prohibits the Secretary from imposing any requirement, regulation, or guideline relating to asset management that restricts or limits in any way the use by PHAs of amounts for Capital Fund assistance for costs of any PHA central office. Requires the Secretary to ensure that PHAs encourage the reasonable efforts of resident tenant organizations to represent their members and of tenants to organize. Makes illegal immigrants ineligible for financial assistance under this Act. Prohibits the Secretary from accepting as reasonable any management or related fees for enforcing a dwelling lease or other similar agreement that requires the registration of or prohibits the possession of firearms by an individual for personal protection or for sport, if the possession is not prohibited, or the registration is not required, by existing law. Amends the United States Housing Act of 1937 to convert current community service requirements (and related exemptions) for adult residents of public housing projects to make them optional at the discretion of a PHA. Amends the Anti-Drug Abuse Act of 1988 to authorize appropriations for FY2009-FY2011. Expands the scope of eligible activities that may be conducted under public and assisted housing drug elimination programs. | 2019-11-15T20:55:40Z | |
| 110-hr-5830 | 110 | hr | 5830 | FHA Housing Stabilization and Homeownership Retention Act of 2008 | Housing and Community Development | 2008-04-17 | 2008-05-05 | Placed on the Union Calendar, Calendar No. 386. | House | Rep. Frank, Barney [D-MA-4] | MA | D | F000339 | 43 | FHA Housing Stabilization and Homeownership Retention Act of 2008 - Title I: Homeownership Retention - (Sec. 102) Amends the National Housing Act (NHA) to create the Refinance Program Oversight Board, which shall establish and oversee a program for insuring homeownership retention mortgages. Instructs the Secretary of Housing and Urban Development (HUD) to insure any homeownership retention mortgage covering a one- to four-family residence made to pay or prepay outstanding obligations under an existing mortgage on the residence. Sets forth mortgagor eligibility criteria, including mortgagor certification that: (1) the residence is the only residence in which the mortgagor has any present ownership interest; (2) the mortgagor has not intentionally defaulted on the existing mortgage, nor knowingly, willfully, and with actual knowledge furnished material information known to be false for the purpose of obtaining the existing mortgage. Requires waiver or forgiveness of all: (1) prepayment penalties; and (2) fees and penalties related to default or delinquency on existing mortgages. Sets forth terms for required: (1) reduction of indebtedness under an existing senior mortgage; (2) extinguishment of debt by refinancing; and (3) treatment of multiple mortgage liens. Requires debt service payments due under a mortgage insured under this Act to be substantially reduced from the debt service payments due under the existing mortgage or mortgages. Requires the mortgage to provide that the HUD Secretary retain a lien on the residence which shall: (1) be subordinate to the mortgage insured under this Act, but senior to all other existing mortgages on it; and (2) secure the repayment. Instructs the Oversight Board to prohibit borrowers from granting a new second lien on the mortgaged property during the first five years the mortgage is insured under this Act. Requires the mortgagee to document and verify mortgagor income. Requires a mortgage insured under this Act to: (1) bear interest at a single fixed rate for the entire mort… | 2022-02-03T05:38:38Z | |
| 110-hr-5855 | 110 | hr | 5855 | Foreclosure Counseling Assistance Act of 2008 | Housing and Community Development | 2008-04-17 | 2008-04-17 | Referred to the House Committee on Financial Services. | House | Rep. Velazquez, Nydia M. [D-NY-12] | NY | D | V000081 | 0 | Foreclosure Counseling Assistance Act of 2008 - Directs the Neighborhood Reinvestment Corporation (NRC) to make grants to qualified counseling intermediaries and qualified legal organizations to provide legal assistance to homeowners of owner-occupied homes with mortgages in default, in danger of default, or subject to or at risk of foreclosure. Requires the NRC to give priority to qualified counseling intermediaries and qualified legal organizations that: (1) provide legal assistance in the 100 metropolitan statistical areas with the highest home foreclosure rates; and (2) have the capacity to begin using the grant funds within 90 days after receipt of the funds. | 2019-11-15T20:55:40Z | |
| 110-s-2888 | 110 | s | 2888 | Foreclosure Rescue Fraud Act of 2008 | Housing and Community Development | 2008-04-17 | 2008-04-17 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Kohl, Herb [D-WI] | WI | D | K000305 | 6 | Foreclosure Rescue Fraud Act of 2008 - Prohibits a foreclosure consultant from: (1) receiving compensation from a homeowner for services performed regarding residential real property until such consultant has fully performed each service contracted for; (2) holding power of attorney from any homeowner, except to inspect documents; (3) receiving consideration from a third party in connection with services rendered to a homeowner by such third party with respect to the foreclosure, unless such consideration is fully disclosed in writing before such services are rendered; (4) accepting any wage assignment, lien, or other security to secure compensation for services rendered regarding foreclosure of the residential real property; or (5) acquiring any interest in the residence of a homeowner with whom the consultant has contracted. Sets forth contract requirements. Permits a homeowner to cancel such contract without penalty or obligation. Declares void and unenforceable: (1) any waiver by a homeowner of the protections provided in this Act; and (2) any contract that does not comply with this Act. Requires a loan servicer to notify a homeowner of the dangers of fraudulent activities associated with foreclosure if the servicer finds that the homeowner has failed to make two consecutive payments on a residential mortgage loan and such loan is at risk of foreclosure. Subjects any foreclosure consultant who fails to comply with this Act to liability for actual and punitive damages and attorneys' fees. Empowers the Federal Trade Commission (FTC) and the states to enforce this Act. | 2017-12-15T00:03:33Z | |
| 110-hr-5818 | 110 | hr | 5818 | Neighborhood Stabilization Act of 2008 | Housing and Community Development | 2008-04-16 | 2008-05-12 | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | House | Rep. Waters, Maxine [D-CA-35] | CA | D | W000187 | 27 | 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 emphasis and consideration to metropolitan areas, metropolitan cities, urban areas, rural areas, low- and moderate-income areas, census tracts and other areas having the greatest need. (Sec. 5) Prescribes formulas for distribution of foreclosure grant amounts and foreclosure loan authority amounts to a qualified state, metropolitan city, or urban county (allocation recipient), based on ratios reflecting the number of foreclosures on mortgages for single family housing and subprime mortgage loans for such housing over 90 days delinquent which have occurred in the state during the most recently completed four calendar quarters for which such information is available. Requires the Secretary to establish or select an index to account for differences between qualified states in the medium price of single family housing in such states. (Sec. 6) Authorizes the use of such loans by the allocation recipient, a local government or its entity, or any other entity, as provided in the allocation recipient's HUD-approved plan. States that, upon the Secretary's entering a binding commitment to make a loan for use in the recipient's area, the loan authority allocated to each recipient shall be decreased by the principal amount of such a loan, but be increased again by such amount upon repayment of the loan. Requires s… | 2022-02-03T05:38:41Z | |
| 110-hr-5796 | 110 | hr | 5796 | Foreclosure Prevention Act of 2008 | Housing and Community Development | 2008-04-15 | 2008-04-15 | Referred to the House Committee on Appropriations. | House | Rep. Clarke, Yvette D. [D-NY-11] | NY | D | C001067 | 1 | Foreclosure Prevention Act of 2008 - Authorizes appropriations for FY2008 to the Neighborhood Reinvestment Corporation for specified mortgage foreclosure mitigation (namely housing counseling) activities. | 2019-11-15T20:47:10Z | |
| 110-hr-5758 | 110 | hr | 5758 | Reverse Mortgage Proceeds Protection Act | Housing and Community Development | 2008-04-10 | 2008-04-10 | Referred to the House Committee on Financial Services. | House | Rep. Lee, Barbara [D-CA-9] | CA | D | L000551 | 0 | Reverse Mortgage Proceeds Protection Act - Amends the National Housing Act of 1937 to modify the eligibility criteria for insurance of home equity conversion mortgages (reverse mortgages) of elderly home owners. Excludes from the third party adequate counseling requirement counseling by a reverse mortgage lender, servicer or investor, or an entity engaged in the sale of annuities, investments, long-term care insurance, or any other type of financial or insurance product. Repeals the waiver of upfront insurance premiums for mortgages to fund long-term care insurance. Authorizes the Secretary of Housing and Urban Development (HUD) to use a portion of reverse mortgage insurance premiums to fund mandatory counseling and disclosure activities, including counseling for homeowners who elect not to take out a home equity conversion mortgage. Directs the Secretary to promulgate regulations to protect elderly homeowners from the marketing of financial and insurance products not in their interest, including the marketing or sale of an annuity as a precondition to obtaining a home equity conversion mortgage. | 2019-11-15T20:55:39Z | |
| 110-hr-5772 | 110 | hr | 5772 | Frank Melville Supportive Housing Investment Act of 2008 | Housing and Community Development | 2008-04-10 | 2008-10-02 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | House | Rep. Murphy, Christopher [D-CT-5] | CT | D | M001169 | 17 | (This measure has not been amended since it was reported to the House on September 15, 2008. The summary of that version is repeated here.) Frank Melville Supportive Housing Investment Act of 2008 - (Sec. 2) 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 in the amount necessary to provide the same number of incremental vouchers provided in FY2008. Requires the Secretary to issue guidance to public housing agencies (PHAs) receiving voucher assistance under this Act, as well as those that received such assistance under the United States Housing Act of 1937 for incremental vouchers for non-elderly disabled families during FY1997-FY2002, in order to ensure that such vouchers continue to be provided upon turnover to qualified persons with disabilities or to qualified non-elderly disabled families. (Sec. 3) Modifies project rental assistance contract requirements, including renewal of, and increases in, annual contract amounts. Requires initial contracts with the sponsor of a project assisted with any low-income housing tax credit or with any tax-exempt housing bonds to have an initial term of up to 360 months and to provide funding for 60 months. Revises the requirement that all units in housing assisted by capital advances and project rental assistance contracts be made available for occupancy by very low-income persons with disabilities for at least 40 years. Requires the Secretary, within 30 days of issuing certain capital advances for multifamily projects (except group hom… | 2022-02-03T05:19:23Z | |
| 110-hr-5678 | 110 | hr | 5678 | Neighborhood Rescue and Stabilization Act of 2008 | Housing and Community Development | 2008-04-02 | 2008-04-02 | Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | House | Rep. Waters, Maxine [D-CA-35] | CA | D | W000187 | 4 | Neighborhood Rescue and Stabilization Act of 2008 - Authorizes for FY2008 appropriations for assistance to states and local governmental units for the redevelopment of abandoned and foreclosed homes. Requires the Secretary of Housing and Urban Development (HUD) to allocate the funds among the states according to a funding formula reflecting the ratio that home mortgage foreclosures occurring in a state bears to the aggregate number of such foreclosures occurring in all states. Requires states to allocate funds to qualified metropolitan cities according to a similar formula. Requires states and local governmental units to give priority to those metropolitan areas, metropolitan cities, urban areas, rural areas, low- and moderate-income areas, and other areas with the greatest need, including those: (1) with the greatest percentage of home foreclosures; (2) with the highest percentage of homes financed by a subprime mortgage related loan; or (3) identified as likely to face a significant rise in the rate of home foreclosures. Cites eligible uses and redevelopment financing mechanisms. Sets forth low- and moderate-income requirements for the use of all funds made available under this Act. | 2022-02-03T05:17:57Z | |
| 110-hr-5679 | 110 | hr | 5679 | Foreclosure Prevention and Sound Mortgage Servicing Act of 2008 | Housing and Community Development | 2008-04-02 | 2008-04-16 | Subcommittee Hearings Held. | House | Rep. Waters, Maxine [D-CA-35] | CA | D | W000187 | 0 | Foreclosure Prevention and Sound Mortgage Servicing Act of 2008 - Amends the Real Estate Settlement Procedures Act of 1974 to impose on a mortgagee a duty to engage in loss mitigation of covered federally related mortgage loans. Prohibits initiation of foreclosure on such loans if the mortgagee or servicer has at any time failed to comply with the requirements of this Act. Requires a mortgagee or servicer to pursue specified priority loss mitigation activities, with notice to the borrower or mortgagor, before considering secondary loss mitigation activities. Sets forth criteria governing the affordability of scheduled payments due from the borrower pursuant to loss mitigation activities. Requires the mortgagee or servicer to notify the mortgagor in writing within certain deadlines concerning prospective adjustable rate mortgage increases. Requires a mortgagee or servicer to provide the borrower with direct access to authorized loss mitigation personnel. Requires a servicer or mortgagee to forward to a housing counseling agency approved by the Department of Housing and Urban Development the contact information of any borrower whose federally related mortgage loan payment is more than 60 days late. Prohibits a mortgagee for a federally related mortgage loan from requiring a borrower to: (1) limit or waive the right to bring any claims, defenses, demands, proceedings, actions, or causes of action against the mortgagee or servicer as a condition of accepting an offer of any loss mitigation activities; or (2) agree to arbitration as a condition of receiving loan modification activities. Requires the servicer of a federally related mortgage loan to make available without charge, upon borrower's written request, specified account status and documentation. | 2022-02-03T05:17:34Z | |
| 110-s-2801 | 110 | s | 2801 | Mortgage Enhancement and Modification Act of 2008 | Housing and Community Development | 2008-04-02 | 2008-04-02 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Clinton, Hillary Rodham [D-NY] | NY | D | C001041 | 0 | Mortgage Enhancement and Modification Act of 2008 - Establishes a standard for loan modifications or workout plans for pools of certain residential mortgage loans. States that a servicer of such pooled loans owes a duty to the securitization vehicle to maximize, or not negatively affect, the recovery of total proceeds from such loans for the benefit of all investors and holders of beneficial interests in the pooled loans, in the aggregate, and not to any individual party or group of parties. Deems the loan servicer to be acting on behalf of the securitization vehicle in the best interest of all such investors and holders if the servicer: (1) makes reasonable, documented efforts to implement a modification or workout plan for a loan in or facing payment default; or (2) engages in other loss mitigation efforts, if the former efforts fail or the plan would be infeasible, in the reasonable belief that such efforts will maximize the net present value to be realized over that which would be realized through foreclosure. Declares, furthermore, that a servicer shall be deemed to be acting on behalf of the securitization vehicle in the best interest of all investors and beneficial interest holders if the servicer makes efforts to: (1) contact proactively borrowers approaching a calendar date in which a predetermined or contractually established rate of interest shall increase or fluctuate in accordance with specified indicators or within a predetermined range; and (2) determine the borrower's ability to make payments following a reset of interest rates, whether the borrower is in danger of default or disclosure, and whether a loan modification or other mitigation effort is appropriate. Declares that, absent specific contractual provisions to the contrary, a servicer acting in a manner consistent with such duty shall not be liable to specified persons for entering into a qualified loan modification or workout plan for loss mitigation purposes. | 2022-02-03T05:08:49Z | |
| 110-s-2791 | 110 | s | 2791 | Protecting America's Homeowners Act of 2008 | Housing and Community Development | 2008-04-01 | 2008-04-01 | Read twice and referred to the Committee on Finance. | Senate | Sen. Voinovich, George V. [R-OH] | OH | R | V000126 | 0 | Protecting America's Homeowners Act of 2008 - Amends the Internal Revenue Code to extend through January 1, 2011, the temporary exclusion from gross income of the discharge of an indebtedness for a qualified principal residence.Declares invalid, throughout a specified moratorium period, the terms of any home mortgage loan that requires a consumer to pay a prepayment penalty for paying all or part of the outstanding principal before its contractual due date.Directs the Neighborhood Reinvestment Corporation (NRC) to continue to award to counseling intermediaries and State Housing Finance Agencies certain funds previously designated for mortgage foreclosure mitigation activities in states and areas with high rates of mortgage foreclosures or defaults.Appropriates additional funds for FY2008 for: (1) NRC foreclosure mitigation activities; and (2) state and local governmental redevelopment of abandoned and foreclosed homes.Sets forth across-the-board 0.25 percent rescissions in non-defense, non-homeland-security discretionary spending for FY2009.Amends the Truth In Lending Act to require additional creditor disclosures concerning mortgage loans.Requires the annual percentage rate (APR) applicable to credit secured by an interest in real property to include settlement costs. Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Association Charter Act to provide that securities issued by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Association (Freddie Mac) are not exempt from registration requirements under the Securities Act of 1933 (thus requiring registration of such securities).Sets a limit upon aggregate annual registration fees paid by specified entities that do not include a registered investment company.Establishes in the Securities and Exchange Commission (SEC) a Financial Counseling and Foreclosure Prevention Fund to provide assistance to the NRC to make grants to certain federally approved counseling intermediaries for mo… | 2019-11-15T21:57:47Z | |
| 110-hr-5645 | 110 | hr | 5645 | Housing Protection and Foster Care Prevention Act of 2008 | Housing and Community Development | 2008-03-14 | 2008-03-14 | Referred to the House Committee on Financial Services. | House | Rep. Waters, Maxine [D-CA-35] | CA | D | W000187 | 13 | Housing Protection and Foster Care Prevention Act of 2008 - Amends the United States Housing Act of 1937 to exclude payments under certain qualified post-foster care guardianship assistance programs from consideration as income with respect to eligibility for low-income rent reductions in assisted housing. | 2021-09-29T17:06:20Z | |
| 110-hr-5649 | 110 | hr | 5649 | Home Owners' Loan Corporation for the 21st Century Act | Housing and Community Development | 2008-03-14 | 2008-03-14 | Referred to the House Committee on Financial Services. | House | Rep. Kirk, Mark Steven [R-IL-10] | IL | R | K000360 | 0 | Home Owners' Loan Corporation for the 21st Century Act - Establishes the Home Owners' Loan Corporation as an instrumentality of the United States. Authorizes the Corporation to: (1) acquire, in exchange for bonds and subject to specified limitations, home mortgages, obligations, and liens secured by real estate (mortgage relief); and (2) make cash advances to pay the taxes and assessments on the real estate, provide for maintenance, meet incidental transaction expenses, and pay the mortgage, obligation, or lien holder the difference (not to exceed $200) between the face value of the bonds exchanged, plus accrued interest, and the purchase price of the mortgage, obligation, or lien. Requires the homeowner to make mortgage payments to the Corporation. Sets forth 40-year amortization requirements. Authorizes the Corporation to exchange bonds and make cash advances to redeem or recover homes lost by the owners by foreclosure or forced sale. | 2019-11-15T20:55:40Z | |
| 110-hr-5579 | 110 | hr | 5579 | Emergency Mortgage Loan Modification Act of 2008 | Housing and Community Development | 2008-03-11 | 2008-05-01 | Placed on the Union Calendar, Calendar No. 382. | House | Rep. Castle, Michael N. [R-DE-At Large] | DE | R | C000243 | 2 | Emergency Mortgage Loan Modification Act of 2008 - Establishes a standard for loan modifications or workout plans for pools of certain residential mortgage loans. States that the servicer of such pooled loans owes a duty to the securitization vehicle to maximize recovery of proceeds for the benefit of all investors and holders of beneficial interests in the pooled loans, in the aggregate, and not to any individual party or group of parties. Deems the loan servicer to be acting on behalf of the securitization vehicle in the best interest of all such investors and holders if the servicer makes certain loss mitigation efforts for a loan in or facing payment default in the reasonable belief that the particular modification, workout plan, or other mitigation actions will maximize the net present value to be realized over that which would be realized through foreclosure. Declares that, absent contractual provisions to the contrary, a servicer acting in a manner consistent with such duty shall not be liable to specified persons (including any person obligated pursuant to a derivatives instrument to make specified payments) for entering into a qualified loan modification or workout plan for loss mitigation purposes. Defines "qualified loan modification or workout plan" as one that: (1) is scheduled to remain in place until the borrower sells or refinances the property, or for at least five years from the date of adoption of the plan, whichever is sooner; (2) does not provide for a repayment schedule that results in negative amortization at any time; and (3) does not require the borrower to pay additional points and fees. States that, for purposes of a qualified loan modification or workout plan, negative amortization does not include capitalization of delinquent interest and arrearages. Defines "securitization vehicle" as a trust, corporation, partnership, limited liability entity, special purpose entity, or other structure that: (1) is the issuer, or is created by the issuer, of mortgage pass-through… | 2022-02-03T05:38:37Z | |
| 110-hr-5572 | 110 | hr | 5572 | Helping Communities Act of 2008 | Housing and Community Development | 2008-03-10 | 2008-03-10 | Referred to the House Committee on Financial Services. | House | Rep. Moran, James P. [D-VA-8] | VA | D | M000933 | 0 | Helping Communities Act of 2008 - Directs the Secretary of the Treasury to make grants to states for providing foreclosure-mitigation counseling to homeowners of owner-occupied single family homes with mortgage loans in default or in danger of default. Requires each state recipient to provide at least 95% of the grant amounts to nonprofit entities. Authorizes additional FY2008 appropriations for community development block grant assistance under the Housing and Community Development Act of 1974. | 2019-11-15T20:55:39Z | |
| 110-s-2734 | 110 | s | 2734 | SAFE Act | Housing and Community Development | 2008-03-07 | 2008-03-11 | Star Print ordered on the bill. | Senate | Sen. Bond, Christopher S. [R-MO] | MO | R | B000611 | 14 | 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 adjustments to the alternative (minimum) tax net operating loss deduction. Amends the Servicemembers Civil Relief Act of 1940 to expand the period of moratorium on foreclosure sales after a servicemember's service. Requires the Secretary of Defense to develop a program for mortgage foreclosure prevention counseling for members of the Armed Forces returning from service abroad. FHA Modernization Act of 2008 - Amends the National Housing Act (NHA) to: (1) revise requirements for the maximum principal loan obligation eligible for mortgage insurance, as well as the cash investment requirement; and (2) prohibit seller-funded downpayment assistance. Replaces the General Insurance Fund (GIF) with the Mutual Mortgage Insurance (MMI) Fund as the depository of all funds involved in rehabilitation loans for one- to four-family structures. Eliminates the limitation on the aggregate number of home equity conversion mortgages (HECMs) for elderly homeowners insured under the Act. Authorizes the Secretary of Housing and Urban Development (HUD) to insure HECMs. Establishes a single national loan limit for HECMs. Amends the Energy Policy Act of 1992 to raise the cap on the price of cost-effective energy efficiency… | 2017-12-14T23:59:14Z | |
| 110-s-2735 | 110 | s | 2735 | Healthy Housing Council Act of 2008 | Housing and Community Development | 2008-03-07 | 2008-03-07 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S1744-1746) | Senate | Sen. Reed, Jack [D-RI] | RI | D | R000122 | 1 | Healthy Housing Council Act of 2008 - Establishes in the executive branch an independent Interagency Council on Healthy Housing. Requires the Council to: (1) review federal programs and services that provide housing, health, energy, or environmental services to families and individuals; (2) monitor, evaluate, and recommend improvements in existing programs and services administered, funded, or financed by federal, state, and local agencies; (3) recommend ways to reduce duplication among federal programs and services; and (4) ensure collaboration among and within agencies in the provision and availability of such programs and services. | 2022-02-03T05:22:52Z | |
| 110-s-2736 | 110 | s | 2736 | Section 202 Supportive Housing for the Elderly Act of 2008 | Housing and Community Development | 2008-03-07 | 2008-03-10 | Sponsor introductory remarks on measure. (CR S1814) | Senate | Sen. Kohl, Herb [D-WI] | WI | D | K000305 | 11 | 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 a national private nonprofit organization that owns multiple housing projects assisted under such Act to satisfy the local governing board requirement by having a local advisory board to its national governing board. Requires the Secretary to permit an owner of assisted housing to give a preference in tenant selection to the homeless elderly. Amends the American Homeownership and Economic Opportunity Act of 2000 to revise requirements governing: (1) prepayment of debt for project-based rental housing assistance programs; (2) use of unexpended amounts; and (3) use of project residual receipts. Sets forth requirements governing senior preservation rental assistance contracts in order to: (1) prevent displacement of elderly project residents in the case of refinancing or recapitalization; and (2) further project preservation and affordability. Directs the Secretary to carry out a demonstration program to sell to state housing finance agencies portfolios of mortgages associated with loans related to supportive housing for the elderly. Expands the definition of assisted living facility with respect to grants for conversion of elderly housing to such facilities. Amends the United States Housing Act of 1937 with respect to rental assistance on behalf o… | 2022-02-03T05:11:26Z | |
| 110-s-2724 | 110 | s | 2724 | CJ's Home Protection Act of 2008 | Housing and Community Development | 2008-03-06 | 2008-03-06 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Bayh, Evan [D-IN] | IN | D | B001233 | 2 | CJ's Home Protection Act of 2008 - Amends the National Manufactured Housing Construction and Safety Standards Act of 1974 to revise federal standards for manufactured homes (other than one affixed to a permanent foundation) to require each such home to be installed with a weather radio: (1) capable of broadcasting emergency information relating to local weather conditions; (2) equipped with a tone alarm and Specific Alert Message Encoding, or SAME technology; and (3) compliant with the Consumer Electronics Association (CEA) Standard 2009-A Performance Specification for Public Alert Receivers (or its current revision). Shields from common law civil liability: (1) manufacturers, installers, or retailers of manufactured homes for any aspect of the installation, furnishing, function, operation, performance, capabilities, or utilization of such a weather radio; and (2) the operator, owner, or employee of a manufactured home community, or the home manufacturer, with respect to the functionality of such a radio owing to any reminder, assistance, or instructions the community operator provides. Exempts modular homes from such installation standards. Requires the consensus committee established under such Act to develop and submit to the Secretary of Housing and Urban Development a proposed standard for installed weather radios. Requires the Secretary to study and report to specified congressional committees on conditioning the applicability of the weather radio installation requirement on the geographic location at which a manufactured home is placed. | 2017-12-14T23:58:48Z | |
| 110-s-2684 | 110 | s | 2684 | Section 8 Voucher Reform Act of 2008 | Housing and Community Development | 2008-03-03 | 2008-04-16 | Committee on Banking, Housing, and Urban Affairs Senate Subcommittee on Housing, Transportation and Community Development. Hearings held. | Senate | Sen. Dodd, Christopher J. [D-CT] | CT | D | D000388 | 10 | 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 assets and income.Revises requirements governing: (1) assistance to low-income working families; (2) tenant-based contract renewals; (3) administrative fees; and (4) the home ownership downpayment grant program.Authorizes a PHA to report to certain consumer reporting agencies information regarding the past rent payment history of a family receiving housing choice vouchers.Directs the Secretary of Housing and Urban Development (HUD) to establish standards and procedures for assessing PHA performance in carrying out the programs for tenant-based rental assistance and for homeownership assistance, including biennial assessments.Revises the rent calculation for housing assistance payment contracts.Directs the Secretary to endeavor to define market areas.Limits a PHA's elective applicant screening.Revises requirements for enhanced voucher assistance.Authorizes the Secretary to provide preservation project-based voucher assistance in lieu of enhanced voucher assistance upon request of the owner of the multifamily housing project. Authorizes the Secretary to enter into agreements with the Social Security Administration and the Secretary of Health and Human Services to permit HUD participation in certain s… | 2019-11-15T21:47:15Z | |
| 110-hr-5490 | 110 | hr | 5490 | Section 8 Reform, Responsibility, and Accountability Act of 2007 | Housing and Community Development | 2008-02-26 | 2008-02-26 | Referred to the House Committee on Financial Services. | House | Rep. Chabot, Steve [R-OH-1] | OH | R | C000266 | 33 | Section 8 Reform, Responsibility, and Accountability Act of 2007 - Amends the United States Housing Act of 1937 to prohibit section 8 rental assistance (including tenant- and project-based assistance) from being provided to any family that includes a convicted felon or illegal alien. Places a five-year limitation on section 8 rental assistance, disregarding any month during which such individual was a member of a disabled or elderly family so assisted. Prohibits such assistance on behalf of any family, unless each member of the family who is 18 years of age or older performs at least 20 hours of work activities per week. Requires the Secretary of Housing and Urban Development (HUD) to exempt from such prohibition any individual family member who meets certain requirements. Requires a public housing agency (PHA), in providing such housing assistance, to give preference to families that include a member who is a veteran that will reside in the dwelling unit. Expresses the sense of Congress that the HUD Moving to Work demonstration program under the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996 should be expanded to include significantly more PHAs. Authorizes the use of unspent section 8 housing assistance payments for section 8 compliance measures. Requires approved PHA plans, including modifications and amendments, to be made public at the PHA's office and in electronic form on the World Wide Web. | 2023-01-11T13:15:44Z | |
| 110-hr-5487 | 110 | hr | 5487 | Affordable Homeownership Preservation Fund Act of 2008 | Housing and Community Development | 2008-02-25 | 2008-02-25 | Referred to the House Committee on Financial Services. | House | Rep. Sanchez, Loretta [D-CA-47] | CA | D | S000030 | 1 | Affordable Homeownership Preservation Fund Act of 2008 - Amends the Neighborhood Reinvestment Corporation Act to establish in the Treasury an Affordable Homeownership Preservation Fund to allow the Neighborhood Reinvestment Corporation, doing business as Neighborworks America, to provide financial assistance through grants to community development organizations for eligible activities to enhance and improve the availability of affordable housing. Requires such eligible activities to be: (1) carried out in accordance with the comprehensive strategic plan for the organization submitted under this Act; and (2) consistent with existing economic, community, and housing development plans adopted by or applicable to the area or targeted population served by the organization. Allows such activities to include: (1) assisting distressed homeowners with small low-interest or no-interest loans; (2) making mortgage loans to first-time homebuyers; and (3) purchasing, rehabilitating, and selling foreclosed properties for owner-occupancy. | 2023-01-11T13:15:44Z | |
| 110-s-2666 | 110 | s | 2666 | Affordable Housing Investment Act of 2008 | Housing and Community Development | 2008-02-25 | 2008-02-25 | Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1140-1142) | Senate | Sen. Cantwell, Maria [D-WA] | WA | D | C000127 | 22 | 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' mortgage bonds, and certain exempt facility bonds used for residential rental projects from the alternative minimum tax; and (8) allowing the use of mortgage revenue bonds to provide housing assistance for disaster victims, single parents, and displaced homemakers.Repeals: (1) rules requiring recapture of income from sales of low-income buildings that are reasonably expected to be operated on a low-income basis; and (2) requirements to use repayments of mortgage revenue bonds for redemptions. Directs the Secretary of the Treasury to modify regulations for the low-income housing tax credit to disregard certain housing assistance grants for purposes of making reductions in the basis of property eligible for such credit. | 2019-11-15T21:57:47Z | |
| 110-s-2636 | 110 | s | 2636 | Foreclosure Prevention Act of 2008 | Housing and Community Development | 2008-02-13 | 2008-02-14 | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 577. | Senate | Sen. Reid, Harry [D-NV] | NV | D | R000146 | 25 | 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 plan for individuals with regular income to: (1) modify an allowed secured claim secured by the debtor's principal residence if the debtor's income is insufficient to retain possession of the residence by curing a default and maintaining payments while the case is pending; (2) provide for payment of such claim for a period of up to 30 years; (3) set conditions for the addition of certain fees, costs, or charges to secured debt; and (4) waive any prepayment penalty on a claim secured by a debtor's principal residence. Waives the counseling requirement upon certification that a debtor's principal residence is scheduled for a foreclosure sale. Permits the debtor, in lieu of the trustee, to proceed as the real party in interest in certain state or federal actions respecting a claim or defense. Authorizes the bankruptcy court, in core proceedings involving an individual debtor with primarily consumer debts, to conduct the proceeding and enter orders and judgments in lieu of arbitration. Creates a principal residence homestead exemption for debtors over 55 years of age. Directs the bankruptcy court to disallow claim… | 2022-02-03T05:08:57Z | |
| 110-s-2625 | 110 | s | 2625 | Fairness in Housing for Disabled Veterans Act | Housing and Community Development | 2008-02-12 | 2008-02-12 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Harkin, Tom [D-IA] | IA | D | H000206 | 5 | 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. | 2017-12-14T23:55:57Z | |
| 110-hr-5153 | 110 | hr | 5153 | Conforming Loan Limit Temporary Adjustment Act of 2008 | Housing and Community Development | 2008-01-29 | 2008-01-29 | Referred to the House Committee on Financial Services. | House | Rep. Kanjorski, Paul E. [D-PA-11] | PA | D | K000008 | 0 | Conforming Loan Limit Temporary Adjustment Act of 2008 - Increases the maximum original principal obligation of certain mortgages originated between July 1, 2007, and December 31, 2008, that may be purchased by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation Association (Freddie Mac). Allows a loan whose principal amount is 125% of the area median price for a residence of applicable size, up to 175% of the regular loan limitation. Expresses the sense of Congress that: (1) securitization of mortgages by Fannie Mae and Freddie Mac plays an important role in providing liquidity to the U.S. housing markets; and (2) Congress, therefore, encourages Fannie Mae and Freddie Mac to securitize mortgages acquired under the increased conforming loan limits established in this Act. | 2023-01-11T13:15:16Z | |
| 110-hr-5108 | 110 | hr | 5108 | Mobile Home Protection Act | Housing and Community Development | 2008-01-23 | 2008-03-25 | Referred to the Subcommittee on Housing and Community Opportunity. | House | Rep. Filner, Bob [D-CA-51] | CA | D | F000116 | 0 | Mobile Home Protection Act - Amends the United States Housing Act of 1937 (section 8 voucher program) to require a public housing agency (PHA) to contract to make section 8 rental assistance payments directly to a family (rather than to the owner of the real property on which the family's manufactured (mobile) home is located) only in the case of a low-income family that owns a manufactured home, rents the real property on which it is located, and to whom assistance under such Act has been made available. Sets as conditions for such a direct payment contract that: (1) the owner of the real property refuses to enter into a contract to receive assistance payments; (2) the family was residing in the manufactured home on the real property at the time such assistance was initially made available on the family's behalf; (3) the family provides assurances to the agency that amounts from the assistance payments are used for rental of the real property; and (4) such rental otherwise complies with the Act's requirements for assistance. | 2023-01-11T13:15:17Z | |
| 110-s-2523 | 110 | s | 2523 | National Affordable Housing Trust Fund Act of 2007 | Housing and Community Development | 2007-12-19 | 2007-12-19 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Kerry, John F. [D-MA] | MA | D | K000148 | 23 | 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 insurance; (2) housing counseling; and (3) mortgage insurance technology, procedures, processes, program performance, and salaries. Limits Federal Housing Administration (FHA) mortgage insurance premium increases. Specifies affordable housing eligibility criteria for a rental dwelling unit and one- to four-family owner-occupied housing, including a priority to families on section 8 rental assistance or public housing waiting lists. Requires the Secretary to establish a green housing clearinghouse for Fund grantees and recipients. Declares that nothing in this Act allows any payments under it for any individual or head of household that is not a legal U.S. resident. | 2023-01-11T13:15:24Z | |
| 110-hr-4776 | 110 | hr | 4776 | Consumer Protection Home Inspection Counseling Act of 2007 | Housing and Community Development | 2007-12-18 | 2007-12-18 | Referred to the House Committee on Financial Services. | House | Rep. Velazquez, Nydia M. [D-NY-12] | NY | D | V000081 | 2 | Consumer Protection Home Inspection Counseling Act of 2007 - Requires the Secretary of Housing and Urban Development (HUD) to establish a comprehensive program to train HUD staff, contractors, individuals, and entities that provide housing counseling under specified HUD-funded programs also to provide counseling to consumers on voluntary home inspection. Requires the Secretary to develop a new independent protocol, or amend existing protocols, to certify that such housing counselors have successfully completed training using the voluntary home inspection training module and counseling aids established and developed pursuant to this Act. Limits authorized counseling to certified counselors. Directs the Secretary to take necessary action to make such training module and counseling aids known to state and local governments, nonprofit organizations, consumer organizations, and the general public. | 2023-01-11T13:15:30Z | |
| 110-hr-4735 | 110 | hr | 4735 | Tenant Protection in Foreclosure Act of 2007 | Housing and Community Development | 2007-12-17 | 2007-12-17 | Referred to the House Committee on Financial Services. | House | Rep. Ellison, Keith [D-MN-5] | MN | D | E000288 | 0 | Tenant Protection in Foreclosure Act of 2007 - Amends the Truth in Lending Act with respect to the effect on a preexisting lease of foreclosure on any dwelling or residential real property securing an extension of credit. States that any successor in interest in such property pursuant to the foreclosure shall assume that interest subject to: (1) provision of a 90-day notice to vacate to any bona fide tenant of such property; (2) the rights of such a tenant either to continue occupancy until the end of a preexisting lease, or until the end of the six-month period beginning on the date of the notice of foreclosure, whichever occurs first; and (3) the right of such a tenant to the 90-day notice to vacate, if the tenant has no lease or has a lease terminable at will under state law. | 2023-01-11T13:15:32Z | |
| 110-s-2490 | 110 | s | 2490 | Reverse Mortgage Proceeds Protection Act | Housing and Community Development | 2007-12-14 | 2007-12-14 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. McCaskill, Claire [D-MO] | MO | D | M001170 | 2 | Reverse Mortgage Proceeds Protection Act - Amends the National Housing Act of 1937 to modify the eligibility criteria for insurance of home equity conversion mortgages (reverse mortgages) of elderly home owners. Excludes from the third party adequate counseling requirement counseling by a reverse mortgage lender, servicer or investor, or an entity engaged in the sale of annuities, investments, long-term care insurance, or any other type of financial or insurance product. Repeals the waiver of up-front insurance premiums for mortgages to fund long-term care insurance. Authorizes the Secretary of Housing and Urban Development (HUD) to use a portion of reverse mortgage insurance premiums to fund mandatory counseling and disclosure activities, including counseling for homeowners who elect not to take out a home equity conversion mortgage. Directs the Secretary to promulgate regulations to protect elderly homeowners from the marketing of financial and insurance products not in their interest, including the marketing or sale of an annuity as a precondition to obtaining a home equity conversion mortgage. | 2023-01-11T13:15:24Z | |
| 110-hr-4461 | 110 | hr | 4461 | Community Building Code Administration Grant Act of 2008 | Housing and Community Development | 2007-12-12 | 2008-07-10 | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | House | Rep. Moore, Dennis [D-KS-3] | KS | D | M001140 | 24 | Community Building Code Administration Grant Act of 2008 - Requires the Secretary of Housing and Urban Development to award $1 million grants, on a competitive basis and with federal matching funds, to qualified local building code enforcement departments to increase staffing, provide staff training, increase staff competence and professional qualifications, support individual certification or departmental accreditation, or for capital expenditures specifically dedicated to department administration. Allows the Secretary to waive specified non-federal matching fund requirements and to institute new ones, by regulation, based upon the level of economic distress of the local jurisdiction in which the local building code enforcement department seeking such grant is located. Sets forth criteria for rating and ranking of grant proposals. Authorizes appropriations for FY2009-FY2013. | 2023-01-11T13:15:39Z | |
| 110-s-2455 | 110 | s | 2455 | Community Foreclosure Assistance Act of 2007 | Housing and Community Development | 2007-12-12 | 2007-12-12 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Coleman, Norm [R-MN] | MN | R | C001057 | 1 | 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. Increases from 15% to 25% the maximum amount of CDBG funds a local government may use for public services under the Housing and Urban Development Act of 1974, including those concerned with employment, crime prevention, child care, health, drug abuse, education, energy conservation, welfare or recreation needs. Requires at least 50% of CDBG funds appropriated or otherwise made available under this Act to benefit primarily persons of low- and moderate-income. | 2023-01-11T13:15:25Z | |
| 110-s-2458 | 110 | s | 2458 | Community Building Code Administration Grant Act of 2007 | Housing and Community Development | 2007-12-12 | 2007-12-12 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Landrieu, Mary L. [D-LA] | LA | D | L000550 | 4 | Community Building Code Administration Grant Act of 2007 - Requires the Secretary of Housing and Urban Development to award grants, on a competitive basis and with federal matching funds, to qualified local building code enforcement departments to increase staffing, provide staff training, increase staff competence and professional qualifications, support individual certification or departmental accreditation, or for capital expenditures specifically dedicated to department administration. Sets forth criteria for rating and ranking of grant proposals. | 2023-01-11T13:15:25Z | |
| 110-s-2391 | 110 | s | 2391 | Government Sponsored Enterprise Mission Improvement Act | Housing and Community Development | 2007-11-16 | 2007-11-16 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S14630-14640) | Senate | Sen. Reed, Jack [D-RI] | RI | D | R000122 | 0 | 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 special affordable housing goal, with annual targets. Revises the duty of the enterprises to serve underserved markets. Requires them to purchase or securitize mortgage investments and to improve the distribution of investment capital available for mortgage financing for underserved markets such as: (1) manufactured housing; (2) affordable housing preservation; (3) subprime borrowers; (4) community development financial institutions; (5) assisting depository institutions in meeting their obligations under the Community Reinvestment Act; and (6) rural and other underserved markets. Revises requirements for monitoring and enforcing compliance with such housing goals. Requires the enterprises to set aside and allocate certain of their funds for the affordable housing program of block grants to states to assist low- and moderate-income borrowers facing foreclosure or to make foreclosed property available to low- and moderate-income homebuyers. Establishes in the Treasury within the Community Development Financial Institutions Fund a Capital Magnet Fund to carry out a competitive grant program to attract private capital for and increase investment in: (1) the … | 2023-01-11T20:08:11Z | |
| 110-s-2399 | 110 | s | 2399 | Financial Education and Counseling Assistance Act of 2007 | Housing and Community Development | 2007-11-16 | 2007-11-16 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 2 | Financial Education and Counseling Assistance Act of 2007 - Amends the Housing and Urban Development Act of 1968 to require the Secretary of Housing and Urban Development (HUD) to carry out a grant program to assist eligible organizations to provide financial education and counseling services to homeowners and prospective homebuyers. Requires the Secretary to give preference to established community-based financial education and counseling organizations capable of providing in-person services. Prohibits an organization from receiving such financial assistance unless its financial counselors are HUD-certified. | 2023-01-11T20:08:07Z | |
| 110-hr-4202 | 110 | hr | 4202 | Inclusive Home Design Act of 2007 | Housing and Community Development | 2007-11-15 | 2008-01-11 | Referred to the Subcommittee on Housing and Community Opportunity. | House | Rep. Schakowsky, Janice D. [D-IL-9] | IL | D | S001145 | 24 | Inclusive Home Design Act of 2007 - Requires, with exceptions, newly constructed, federally assisted single family houses and town houses to include at least one level that complies with the following accessibility features for persons with disabilities: (1) accessible entrance; (2) accessible interior doors; (3) accessible environmental controls; and (4) accessible habitable space and an accessible bathroom. Requires: (1) each applicant for federal financial assistance to submit compliance assurances to the relevant federal agency; and (2) each person who arranges for design or construction of a covered dwelling to submit architectural and construction plans for state or local approval. Prohibits federal financial assistance to a state or local government unit unless the recipient is taking certain enforcement actions with regard to covered dwellings. Permits: (1) private civil actions in a U.S. District Court or state court for violations under this Act; and (2) the Attorney General to commence civil actions or intervene in civil actions under this Act. | 2023-01-11T20:11:37Z | |
| 110-hr-4178 | 110 | hr | 4178 | Emergency Mortgage Loan Modification Act of 2007 | Housing and Community Development | 2007-11-14 | 2007-11-14 | Referred to the House Committee on Financial Services. | House | Rep. Castle, Michael N. [R-DE-At Large] | DE | R | C000243 | 0 | Emergency Mortgage Loan Modification Act of 2007- Amends the Truth in Lending Act to shield holders of residential mortgage loans from liability for entering into a qualified loan modification or workout plan on any residential mortgage loan consummated on or after January 1, 2004. Applies such shield from liability only to qualified loan modification or workout plans initiated during the six-month period beginning on the date of the enactment of this Act. | 2023-01-11T20:11:46Z | |
| 110-hr-4161 | 110 | hr | 4161 | Veterans Homelessness Prevention Act | Housing and Community Development | 2007-11-13 | 2008-03-25 | Referred to the Subcommittee on Housing and Community Opportunity. | House | Rep. Green, Al [D-TX-9] | TX | D | G000553 | 5 | Veterans Homelessness Prevention Act - Requires the Secretary of Housing and Urban Development (HUD) to establish a pilot program to provide assistance to private nonprofit organizations and consumer cooperatives to expand the supply of supportive housing for certain very low-income veteran families. Allows such assistance to be in the form of: (1) a grant for costs of planning a supportive housing project; (2) a capital advance for such project; and (3) project rental assistance. Requires the Secretary to coordinate with the Secretary of Veterans Affairs to ensure that any housing assistance provided to veterans or veteran families includes a range of services tailored to the needs of very low-income veteran families. Requires HUD periodically to establish development cost limitations by market area for various types and sizes of such supportive housing. Establishes a special housing account. Requires the owner of such supportive housing to adopt HUD-approved tenant selection procedures. Amends the United States Housing Act of 1937 to extend to all homeless veterans, regardless of medical condition, the program of rental vouchers for Department of Veterans Affairs supported housing, which is currently limited to homeless veterans who have chronic mental illnesses or chronic substance use disorders. | 2023-01-11T20:11:51Z | |
| 110-s-2338 | 110 | s | 2338 | FHA Modernization Act of 2007 | Housing and Community Development | 2007-11-13 | 2007-12-17 | Held at the desk. | Senate | Sen. Dodd, Christopher J. [D-CT] | CT | D | D000388 | 1 | FHA Modernization Act of 2007 - Title I: Building American Homeownership - Building American Homeownership Act of 2007 - (Sec. 102) Amends the National Housing Act to: (1) modify requirements for the maximum principal loan obligation, changing one element in the formula from 95% to 100% of the median one-family house price in the area; and (2) limit the principal loan obligation to 100% of the appraised value of the property. (Sec. 103) Amends the National Housing Act to revise eligibility criteria for cash down payment for Federal Housing Administration (FHA) mortgage insurance. Reduces such payment from the current 3% to 1.5% of the appraised value of the property. Repeals the authority of corporations or other persons to pay the down payment for: (1) individuals at age 60 or older at the time the mortgage was endorsed for insurance or if the mortgage met the requirement for single-family housing in outlying areas; or (2) covering a single-family home being purchased under the low-income housing demonstration project or a housing unit in connection with a homeownership program under the Homeownership and Opportunity Through HOPE Act. Requires the Secretary of Housing and Urban Development (HUD), with respect to cash down payments, to consider as cash or its equivalent any amounts borrowed from (currently, gifted by) a family member, provided such funds are paid back (as under current law). Provides that the principal obligation of the mortgage and the obligation secured by such lien may not exceed 100% of the appraised value of the property (as under current law). Repeals the inclusion of any initial service charges, appraisal, inspection and other fees in connection with the mortgage. Prohibits cash down payments from consisting, in whole or in part, of funds provided before, during, or after closing of the property sale by: (1) the seller or any other person or entity that financially benefits from the transaction; or (2) any third party or entity that is reimbursed, directly or indirectly, by such parties. (… | 2023-01-11T13:15:27Z | |
| 110-s-2343 | 110 | s | 2343 | Real Estate Transparency Act of 2007 | Housing and Community Development | 2007-11-13 | 2007-11-13 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S14299-14300) | Senate | Sen. Reed, Jack [D-RI] | RI | D | R000122 | 0 | Real Estate Transparency Act of 2007 - Amends the Real Estate Settlement Procedures Act of 1974 to modify requirements governing settlement statements. Requires the originator of a federally related mortgage loan to provide, within three days of a loan application, a written agreement to the applicant itemizing all of the fees the originator may charge at or before loan settlement, including origination, underwriting, and broker fees. Excludes from such requirement bona fide discount points payable by the borrower to reduce the loan's interest rate. Requires an originator fee agreement to set out the following fee payment methods: (1) paying in cash before or at settlement; (2) adding such fees into the total loan amount to be borrowed; and (3) increasing the loan's interest rate. Requires: (1) written and oral explanations of a borrower's payment options; and (2) a borrower's signature attesting agreement with originator fees and with the chosen method of payment. Requires the originator to provide the applicant with a written early settlement statement of all settlement costs to be charged at or before settlement. Shields borrowers from liability for any such fees not disclosed on an early settlement statement, except in certain circumstances. Establishes originator liability to a borrower for non-compliance with this Act, including reimbursement of the borrower for court costs. Repeals the requirement that special information booklets prepared by the Secretary of Housing and Urban Development (HUD) for borrowers contain a good faith estimate of the amount or range of expected settlement charges. | 2023-01-11T14:50:57Z |
Advanced export
JSON shape: default, array, newline-delimited, object
CREATE TABLE legislation (
bill_id TEXT PRIMARY KEY,
congress INTEGER,
bill_type TEXT,
bill_number INTEGER,
title TEXT,
policy_area TEXT,
introduced_date TEXT,
latest_action_date TEXT,
latest_action_text TEXT,
origin_chamber TEXT,
sponsor_name TEXT,
sponsor_state TEXT,
sponsor_party TEXT,
sponsor_bioguide_id TEXT,
cosponsor_count INTEGER DEFAULT 0,
summary_text TEXT,
update_date TEXT,
url TEXT
);
CREATE INDEX idx_leg_congress ON legislation(congress);
CREATE INDEX idx_leg_type ON legislation(bill_type);
CREATE INDEX idx_leg_policy ON legislation(policy_area);
CREATE INDEX idx_leg_date ON legislation(introduced_date);
CREATE INDEX idx_leg_sponsor ON legislation(sponsor_name);
CREATE INDEX idx_leg_sponsor_bioguide ON legislation(sponsor_bioguide_id);