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Law· HRH.R. 15912 (93rd)open
United States · United States Congress · 16 July 1974
Veterans' Housing Act - Authorizes increases in the amount limitations of the veterans home loan programs, and eliminates those provisions automatically guaranteeing dormant farm and business loans. Repeals the restriction on the guaranteeing or making of loans by the Administrator of Veterans Affairs for the purchasing of mobile homes or mobile home lots after July 1, 1975. Authorizes the Administrator to make expenditures to correct or compensate for structural defects in mortgaged homes with respect to any property improved by a one-to-four family existing dwelling as to which the Veterans' Administration issued a certificate of reasonable value.
Bill· HRH.R. 15790 (93rd)referred
United States · United States Congress · 3 July 1974
Increases from $17,500 to $20,000, the maximum amount of Veterans' Administration assistance payable to seriously disabled veterans in acquiring specially adapted housing. Provides for annual increases in such maximum amount of asssistance to reflect the average percentage increase in house construction costs. (Amends 38 U.S.C. 802)
Bill· HRH.R. 15717 (93rd)referred
United States · United States Congress · 28 June 1974
Relocation Benefits Act - States that the purpose of this Act is to provide assistance through existing programs to persons whose lives and careers were interrupted because of Executive Order 9066, February 25, 1942, allowing removal of persons from military areas and sheltering of such persons. Establishes the Relocation Benefits Commission and the Relocation Benefits Trust Fund. Provides that where such persons apply for benefits from any agency and are qualified, but the agency lacks funds, such Commission shall consider such persons for benefits under this Act by transferring funds from the Trust Fund to such agency. Authorizes appropriations to the Fund of an amount equal to the amount received by the United States from Japan pursuant to the agreement concerning the Ryukyu and Daito Islands, of June 19, 1970. Terminates such Commission when the Fund is depleted.
Bill· HRH.R. 15693 (93rd)referred
United States · United States Congress · 27 June 1974
Provides an exclusion from income taxation under the Internal Revenue Code for cooperative housing corporations and condominium housing associations if membership in such organizations is limited to owners of units within such cooperative or condominium.
Bill· HRH.R. 15663 (93rd)referred
United States · United States Congress · 27 June 1974
Revises the National Housing Act to prohibit Federal Housing Administration insurance of blanket mortgages on condominium projects, and Federal National Mortgage Association purchases of conventional condominium mortgages, where the developer retains or will retain a leasehold interest in the common areas and facilities of the project involved.
Bill· HRH.R. 15627 (93rd)referred
United States · United States Congress · 26 June 1974
Provides that increases in a mortgagor's income shall be taken into account (for purposes of determining the amount of his required mortgage payment under the program of homeownership under the National Housing Act for lower income families) only to the extent that they exceed increases in the cost of living.
Bill· HRH.R. 15589 (93rd)referred
United States · United States Congress · 25 June 1974
Extends, from January 1, 1975, to January 1, 1980, the cutoff date for qualification of low-income housing rehabilitation expenditures for the five-year depreciation privilege provided under the Internal Revenue Code.
Law· HRH.R. 15572 (93rd)open
United States · United States Congress · 21 June 1974
Department of Housing and Urban Development; Space, Science, Veterans, and Certain Other Independent Agencies Appropriation Act - Authorizes appropriation for fiscal year 1975 to specified departments, agencies, and programs, including: (1) to the Department of Housing and Urban Development for housing production, mortgage credit, housing management, community planning, disaster relief, and policy development; (2) to the American Battle Monuments Commission; (3) to the FCC; (4) to NASA for research, development, and construction of facilities; (5) to the National Science Foundation; (6) to the SEC for salaries and expenses; (7) to the Selective Service System; (8) to the Veternas Administration for benefits, medical care, research, and operating expenses; and (9) to specified corporation, including the National Mortgage Association and the Federal Home Loan Bank Board.
Bill· SS. 3663 (93rd)referred
United States · United States Congress · 18 June 1974
Provides, under the Internal Revenue Code, an exclusion from income taxation for income of condominium housing associations, homeowner associations, and cooperative housing corporations operated for the management, maintenance, landscaping, and repair of common areas and dwellings.
Bill· HRH.R. 15446 (93rd)referred
United States · United States Congress · 18 June 1974
Allows, under the Internal Revenue Code, the rapid depreciation of expenditures to rehabilitate low-income rental housing incurred after December 31, 1974.
Bill· HRH.R. 15444 (93rd)referred
United States · United States Congress · 18 June 1974
Provides that future social security benefit increases shall be disregarded in determining eligibility for admission to or occupancy of low-rent public housing, the rent which an individual or family must pay for such housing or eligibility for mortgage insurance, assistance payments, or rent supplement payments, notwithstanding any other provision of law.
Resolution· HRESH.Res. 1182 (93rd)passed
United States · United States Congress · 18 June 1974
Provides that upon the adoption of this resolution it shall be in order to move, clause 27(d)(4) of rule XI to the contrary notwithstanding, that the House resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 15361) to establish a program of community development block grants, to amend and extend laws relating to housing and urban development, and for other purposes, and all points of order against sections 108(f), 115, 411, 414, 415(a), and 505 of said bill for failure to comply with the provisions of clause 4, rule XXI are hereby waived. States that after general debate, which shall be confined to the bill and shall continue not to exceed three hours, to be equally divided and controlled by the chairman and ranking minority member of the Committee on Banking and Currency, the bill shall be read for amendment under the five-minute rule by titles instead of by sections. Stipulates that, at the conclusion of the consideration of the bill for amendment, the Committee shall rise and report the bill to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit. Requires that, after the passage of H.R. 15361, the Committee on Banking and Currency shall be discharged from the further consideration of the bill S. 3066, and it shall then be in order in the House to move to strike out all after the enacting clause of the said Senate bill and insert in lieu thereof the provisions contained in H.R. 15361 as passed by the House.
Bill· SS. 3658 (93rd)referred
United States · United States Congress · 17 June 1974
Condominium Disclosure Act - States that it shall be unlawful for any developer or agent, directly or indirectly, to make use of any means or instruments of transportation or communication in interestate commerce, or of the mails: (1) to sell or lease any condominium in any project unless a statement of record and a printed public offering statement with respect to such condominium is in effect in accordance with the provisions of this Act, is furnished to the purchaser in advance of the signing of any contract or agreement for sale or lease by the purchaser; and (2) in selling or leasing, or offering to sell or lease, any condominium in a project to employ and device, scheme, or artifice to defraud, or to obtain money or property by means of a material misrepresentation with respect to any information included in the statement of record or the public offering statement or with respect to any other information pertinent to the lot or the subdivision and upon which the purchaser relies, or to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon a purchaser. Provides that any contract or agreement for the purchase or leasing of a condominium in a project covered by this Act, where the public offering statement has not been given to the purchaser in advance or at the time of his signing, shall be voidable at the option of the purchaser. Requires a project to be registered by filing with the Secretary of Housing and Urban Development a statement of record, and specifies the information to be contained in such statement. States that a public offering statement relating to the condominiums in a project shall contain such of the information contained in the statement of record, and any amendments thereto, as the Secretary may deen necessary, and shall disclose fully and accurately the characteristics of the project and the condominiums therein offered and shall make known to prospective purchasers all unusual and material circumstances or features affecting the condominiums. Provides that the public offering statement shall not be used for any promotional purposes before registration of the project and afterward only if it is used in its entirety. Provides that any person who willfully violates any provision of this Act, or any person who willfully, in a statement of record filed under, or in a public offering statement issued pursuant to this Act, makes any untrue statement of a material fact or omits to state any material fact required to be stated therein, shall upon conviction be fined not more than $5,000 or imprisoned not more than five years, or both. States that, unless the method of disposition is adopted for the purpose of evasion of this Act, the provisions of this Act shall not apply to: (1) the sale or lease of real estate not pursuant to a common promotional plan to offer or sell condominiums in a project; (2) the sale or lease of condominiums solely for commercial or industrial purposes or uses; (3) the sale or lease of real estate under or pursuant to court order; or (4) the sale or lease of real estate by any government or government agency. Grants jurisdiction to United States District Courts over any suit or action which may be brought to enforce any liability or duty created by this Act. Authorizes to be appropriated such sums as may be necessary to carry out this Act.
Bill· HRH.R. 15409 (93rd)referred
United States · United States Congress · 14 June 1974
Provides that the income tax rules, relating to reserves for losses on loans, now applicable to savings and loan associations and mutual savings banks, shall be applicable to the comparable mortgage programs now undertaken by national mortgage associations. (Amends 26 U.S.C. 593)
Bill· HRH.R. 15361 (93rd)passed
United States · United States Congress · 13 June 1974
Housing and Urban Development Act - Title I: Community Development Block Grants - Authorizes the Secretary of Housing and Urban Development to make grants to States and Units of general local government to help finance Community Development Programs. Authorizes the Secretary to incur obligations for such grants of up to $8,050,000,000 until July 1, 1977. Authorizes $100,000,000 for each of fiscal years 1975, 1976, and 1977 for grants to general local government units for urgent community development needs. Requires grant applicants to: (1) formulate community development programs and housing assistance plans; (2) operate such programs in accordance with the Civil Rights Act of 1964 and Public Law 90-284 (relating to fair housing); and (3) inform affected citizens of the various aspects of the program. Requires an annual review and audit to determine if grantees are carrying out their programs as required by this Act. Authorizes the Secretary to release funds for projects to applicants who assume all of the responsibilities of environmental review, decision making, and action pursuant to the Environmental Policy Act that would otherwise apply to the Secretary. States that community development programs approved under this title may include: (1) acquisition of real property that is deteriorating or useful for public purposes; (2) installation of public works facilities; (3) rehabilitation of buildings; and (4) provisions for health, social, counseling and training services under activities within this title. Prescribes the allocation of grant funds under this title, including a ratio to determine amounts for individual cities which relates to poverty and housing overcrowding in the city. Requires that 80 percent of the non-urgent grant funds go to metropolitan areas. Prescribes the full "hold-harmless" amount of a metropolitan city or urban county under this title. Preserves a discretionary grant fund for special projects, including new communities, United States territories, and diaster-caused development needs. Authorizes the guarantee of notes or other obligations of general local government units for acquisition of real property for community development programs. Prohibits discrimination based upon race, color, national origin, or sex under programs funded by this title. Sets wage standards for labor performed under contracts funded by this title. Requires the termination or reduction of funds to grantees failing to comply with this title. Allows judicial review of such actions. Allows 20 percent of the urgent-need grants to be applied toward the payment of principal and interest on temporary loans made to a local government unit under the Housing Act of 1949. Permits continuance of local building codes (where assistance is sought under this Act) whose standards are as high or higher than those required by this Act. Provides for the employment of low-income persons under programs approved by this title. Title II: Assisted Housing - Authorizes assistance, under the United States Housing Act of 1937, to low-income families. Allows public housing agencies to make assistance payments for the use of existing dwelling units. Allows assistance payments for contracts with owners or prospective owners who construct or rehabilitate housing which will be used at least in part for low-income families. Allows the Secretary to enter into contracts with public housing agencies by which they may assist owners or prospective owners of units over which such agencies assume management. Requires such assistance contracts to set a maximum monthly rent, according to prescribed guidelines. Disallows material differences in rents for assisted housing and comparable unassisted housing. Sets forth a time limit on such contracts for assistance payments. Reserves all ownership, management, and maintenance responsibilities in the owners. Requires 30 percent of families assisted under this title to be "very low-income" families. Requires the Secretary to insure that special projects for the handicapped authorized under the United States Housing Act of 1937 provide quality services and management consistent with the needs of the occupant. Prohibits the approval of a housing assistance plan under the United States Housing Act of 1937, the National Housing Act, or the Housing and Urban Development Act of 1965 unless the general local government unit certifies that such assistance is consistent with a housing assistance plan approved under title I of this Act. Requires the allocation of assistance under provisions of the above-mentioned laws according to rates of poverty, overcrowding, and substandard housing. Makes public housing agencies eligible as mortgagors under the National Housing Act's provisions relating to housing for moderate income and displaced families. Specifies minimum rentals for low-rent housing under the United States Housing Act of 1937. Requires the establishment of sound management practices by public housing agencies. Increases the annual contribution to public housing to maintain low rents to $400,000,000 for fiscal year 1973 and $965,000,000 for fiscal year 1974. Extends the home ownership, cooperative and rental mortgage provisions of the National Housing Act until June 30, 1975. Makes special provision for housing assistance to American Indians, the elderly and handicapped, and to areas where assistance is otherwise unavailable. Title III: Mortgage Credit Programs - Extends the regular FHA insurance programs and the interest rate authority for veterans' home loans. Increases the maximum mortgage amount under the FHA one-to four-family and multifamily mortgage insurance programs. Makes changes in downpayment requirements for regular FHA one-to four-family mortgages. Provides for FHA insured financing on resale of cooperative dwellings. Increases the amounts and time limits on home improvement loans. Permits the co-insurance of any mortgage, advance, or loan in addition to co-insurance otherwise provided by this Act. Prohibits the issuance of such insurance until it is determined that such co-insurance demonstration program will not disrupt the mortgage market or reduce the availability of mortgage credit to borrowers who depend upon mortgage insurance under this Act. Prohibits the purchase of mortgages by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation if the outstanding principal balance of the mortgage at the time of purchase exceeds 80 percent of the value of the property. Eliminates the provisions of Federal law concerning the retirement of common and preferred stock in FNMA. Prohbits sex discrimination in Federal mortgage assistance payments under this title. Adds osteopathic and podiatric facilities to the provisions of the National Housing Act regarding mortgage insurance for group practice facilities. Title IV: Rural Housing - Allows loans for the repair and improvement of rural dwellings to make them safe and sanitary (where the borrower does not otherwise qualify) of up to $5,000. Extends veterans preference to rural housing programs under the Housing Act of 1949. Authorizes funds for loan programs for rural housing programs. Authorizes direct and insured loans to provide housing and related facilities for elderly persons and families in rural areas. Authorizes direct and insured loans to provide condominium housing for low-and moderate-income families in ruarl areas. Permits the Secretary to make loans to public or private nonprofit organizations for the acquisition and development of land as building sites to be subdivided and sold to families, nonprofit organizations, public agencies, and cooperatives. Allows borrowers, under provisions of the Housing Act of 1949, to prepay taxes and insurance to the Secretary, who will hold such payments in escrow and pay them out at the appropriate time. Provides for contracts with public or private nonprofit organizations to provide information and technical assistance, provided such private nonprofit organizations are sponsored by a State or local government entity. States that such information and assistance shall relate to construction, rehabilitation, and operation of low-and moderate-income housing, as well as counseling on household management and budgeting. Authorizes loans and insurance for rental or cooperative housing for persons and families of low income in multifamily housing projects, as well as assistance payments to owners of such rental housing to make available to such persons such housing at rates not exceeding 25 percent of their incomes. Title V: Miscellaneous - States that it is the purpose of this part to encourage the formation of State development agencies which have authority to carry out development activities designed to: (1) provide housing and related facilities for persons and families of low and moderate income; (2) promote the sound growth and development of neighborhoods through the revitalization of slum and blighted areas; and (3) increase and improve employment opportunities for the unemployed and underemployed through the development and redevelopment of industrial, manufacturing, and commercial facilities. Permits the guarantee of bonds, debentures, notes and other obligations issued by State development agencies to finance development activities described in the purposes of this title. Establishes a revolving fund to provide for timely payment of liabilities incurred as a result of such guarantees. Allows supplementary grants for projects assisted by the National Foundation on the Arts and Humanities. Includes waste disposal facilities among eligible land improvements. Authorizes appropriations for comprehensive urban planning. Title VI: Consumer Home Mortgage Assistance - Consumer Home Mortgage Assistance Act - States that savings and loan associations are authorized to invest an amount, not exceeding the greater of the sum of its surplus, undivided profits, and reserves or 5 percent of its assets, in loans or in interests therein the principal purpose of which is to provide financing with respect to what is or is expected to become primarily residential real estate within one hundred miles of their home office or within the State in which such office is located. Increase the amount that may be loaned by such associations on single family dwellings from $45,000 to $55,000. Permits any national banking association to make real estate loans secured by liens upon unimproved real estate, upon improved real estate, including improved farmland and improved business and residential properties, and upon real estate to be improved by a building or buildings to be constructed or in the process of construction, in an amount which when added to the amount unpaid upon prior mortgages, liens, encumbrances, if any, upon such real estate does not exceed the respective proportions of appraised value as provided in this title. States that the amount of any such loan hereafter made shall not exceed 66 2/3 percent of the appraised value if such real estate is unimproved, 75 percent of the appraised value if such real estate is improved by offsite improvements such as as streets, water, sewers, or other utilities, 75 percent of the appraised value if such real estate is in the process of being improved by a building or building to be constructed or in the process of construction, or 90 percent of the appraised value if such real estate is improved by a building or buildings. Allows national banking associations to make real estate loans secured by liens upon forest tracts with are properly managed in all respects. Limits the amount that Federal Credit Unions may loan to it directors and members of it supervisory credit committee to $2,500 without approval of the board of directors. Allows such credit unions to establish two-member investment committees. Prescribes meeting frequencies and procedures for credit committees of such credit unions. Provides termination procedures for insured credit unions.
Bill· HRH.R. 15362 (93rd)referred
United States · United States Congress · 13 June 1974
Housing and Urban Development Act - Title I: Community Development Block Grants - Authorizes the Secretary of Housing and Urban Development to make grants to States and Units of general local government to help finance Community Development Programs. Authorizes the Secretary to incur obligations for such grants of up to $8,050,000,000 until July 1, 1977. Authorizes $100,000,000 for each of fiscal years 1975, 1976, and 1977 for grants to general local government units for urgent community development needs. Requires grant applicants to: (1) formulate community development programs and housing assistance plans; (2) operate such programs in accordance with the Civil Rights Act of 1964 and Public Law 90-284 (relating to fair housing); and (3) inform affected citizens of the various aspects of the program. Requires an annual review and audit to determine if grantees are carrying out their programs as required by this Act. Authorizes the Secretary to release funds for projects to applicants who assume all of the responsibilities of environmental review, decision making, and action pursuant to the Environmental Policy Act that would otherwise apply to the Secretary. States that community development programs approved under this title may include: (1) acquisition of real property that is deteriorating or useful for public purposes; (2) installation of public works facilities; (3) rehabilitation of buildings; and (4) provisions for health, social, counseling and training services under activities within this title. Prescribes the allocation of grant funds under this title, including a ratio to determine amounts for individual cities which relates to poverty and housing overcrowding in the city. Requires that 80 percent of the non-urgent grant funds go to metropolitan areas. Prescribes the full "hold-harmless" amount of a metropolitan city or urban county under this title. Preserves a discretionary grant fund for special projects, including new communities, United States territories, and diaster-caused development needs. Authorizes the guarantee of notes or other obligations of general local government units for acquisition of real property for community development programs. Prohibits discrimination based upon race, color, national origin, or sex under programs funded by this title. Sets wage standards for labor performed under contracts funded by this title. Requires the termination or reduction of funds to grantees failing to comply with this title. Allows judicial review of such actions. Allows 20 percent of the urgent-need grants to be applied toward the payment of principal and interest on temporary loans made to a local government unit under the Housing Act of 1949. Permits continuance of local building codes (where assistance is sought under this Act) whose standards are as high or higher than those required by this Act. Provides for the employment of low-income persons under programs approved by this title. Title II: Assisted Housing - Authorizes assistance, under the United States Housing Act of 1937, to low-income families. Allows public housing agencies to make assistance payments for the use of existing dwelling units. Allows assistance payments for contracts with owners or prospective owners who construct or rehabilitate housing which will be used at least in part for low-income families. Allows the Secretary to enter into contracts with public housing agencies by which they may assist owners or prospective owners of units over which such agencies assume management. Requires such assistance contracts to set a maximum monthly rent, according to prescribed guidelines. Disallows material differences in rents for assisted housing and comparable unassisted housing. Sets forth a time limit on such contracts for assistance payments. Reserves all ownership, management, and maintenance responsibilities in the owners. Requires 30 percent of families assisted under this title to be "very low-income" families. Requires the Secretary to insure that special projects for the handicapped authorized under the United States Housing Act of 1937 provide quality services and management consistent with the needs of the occupant. Prohibits the approval of a housing assistance plan under the United States Housing Act of 1937, the National Housing Act, or the Housing and Urban Development Act of 1965 unless the general local government unit certifies that such assistance is consistent with a housing assistance plan approved under title I of this Act. Requires the allocation of assistance under provisions of the above-mentioned laws according to rates of poverty, overcrowding, and substandard housing. Makes public housing agencies eligible as mortgagors under the National Housing Act's provisions relating to housing for moderate income and displaced families. Specifies minimum rentals for low-rent housing under the United States Housing Act of 1937. Requires the establishment of sound management practices by public housing agencies. Increases the annual contribution to public housing to maintain low rents to $400,000,000 for fiscal year 1973 and $965,000,000 for fiscal year 1974. Extends the home ownership, cooperative and rental mortgage provisions of the National Housing Act until June 30, 1975. Makes special provision for housing assistance to American Indians, the elderly and handicapped, and to areas where assistance is otherwise unavailable. Title III: Mortgage Credit Programs - Extends the regular FHA insurance programs and the interest rate authority for veterans' home loans. Increases the maximum mortgage amount under the FHA one-to four-family and multifamily mortgage insurance programs. Makes changes in downpayment requirements for regular FHA one-to four-family mortgages. Provides for FHA insured financing on resale of cooperative dwellings. Increases the amounts and time limits on home improvement loans. Permits the co-insurance of any mortgage, advance, or loan in addition to co-insurance otherwise provided by this Act. Prohibits the issuance of such insurance until it is determined that such co-insurance demonstration program will not disrupt the mortgage market or reduce the availability of mortgage credit to borrowers who depend upon mortgage insurance under this Act. Prohibits the purchase of mortgages by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation if the outstanding principal balance of the mortgage at the time of purchase exceeds 80 percent of the value of the property. Eliminates the provisions of Federal law concerning the retirement of common and preferred stock in FNMA. Prohbits sex discrimination in Federal mortgage assistance payments under this title. Adds osteopathic and podiatric facilities to the provisions of the National Housing Act regarding mortgage insurance for group practice facilities. Title IV: Rural Housing - Allows loans for the repair and improvement of rural dwellings to make them safe and sanitary (where the borrower does not otherwise qualify) of up to $5,000. Extends veterans preference to rural housing programs under the Housing Act of 1949. Authorizes funds for loan programs for rural housing programs. Authorizes direct and insured loans to provide housing and related facilities for elderly persons and families in rural areas. Authorizes direct and insured loans to provide condominium housing for low-and moderate-income families in ruarl areas. Permits the Secretary to make loans to public or private nonprofit organizations for the acquisition and development of land as building sites to be subdivided and sold to families, nonprofit organizations, public agencies, and cooperatives. Allows borrowers, under provisions of the Housing Act of 1949, to prepay taxes and insurance to the Secretary, who will hold such payments in escrow and pay them out at the appropriate time. Provides for contracts with public or private nonprofit organizations to provide information and technical assistance, provided such private nonprofit organizations are sponsored by a State or local government entity. States that such information and assistance shall relate to construction, rehabilitation, and operation of low-and moderate-income housing, as well as counseling on household management and budgeting. Authorizes loans and insurance for rental or cooperative housing for persons and families of low income in multifamily housing projects, as well as assistance payments to owners of such rental housing to make available to such persons such housing at rates not exceeding 25 percent of their incomes. Title V: Miscellaneous - States that it is the purpose of this part to encourage the formation of State development agencies which have authority to carry out development activities designed to: (1) provide housing and related facilities for persons and families of low and moderate income; (2) promote the sound growth and development of neighborhoods through the revitalization of slum and blighted areas; and (3) increase and improve employment opportunities for the unemployed and underemployed through the development and redevelopment of industrial, manufacturing, and commercial facilities. Permits the guarantee of bonds, debentures, notes and other obligations issued by State development agencies to finance development activities described in the purposes of this title. Establishes a revolving fund to provide for timely payment of liabilities incurred as a result of such guarantees. Allows supplementary grants for projects assisted by the National Foundation on the Arts and Humanities. Includes waste disposal facilities among eligible land improvements. Authorizes appropriations for comprehensive urban planning. Title VI: Consumer Home Mortgage Assistance - Consumer Home Mortgage Assistance Act - States that savings and loan associations are authorized to invest an amount, not exceeding the greater of the sum of its surplus, undivided profits, and reserves or 5 percent of its assets, in loans or in interests therein the principal purpose of which is to provide financing with respect to what is or is expected to become primarily residential real estate within one hundred miles of their home office or within the State in which such office is located. Increase the amount that may be loaned by such associations on single family dwellings from $45,000 to $55,000. Permits any national banking association to make real estate loans secured by liens upon unimproved real estate, upon improved real estate, including improved farmland and improved business and residential properties, and upon real estate to be improved by a building or buildings to be constructed or in the process of construction, in an amount which when added to the amount unpaid upon prior mortgages, liens, encumbrances, if any, upon such real estate does not exceed the respective proportions of appraised value as provided in this title. States that the amount of any such loan hereafter made shall not exceed 66 2/3 percent of the appraised value if such real estate is unimproved, 75 percent of the appraised value if such real estate is improved by offsite improvements such as as streets, water, sewers, or other utilities, 75 percent of the appraised value if such real estate is in the process of being improved by a building or building to be constructed or in the process of construction, or 90 percent of the appraised value if such real estate is improved by a building or buildings. Allows national banking associations to make real estate loans secured by liens upon forest tracts with are properly managed in all respects. Limits the amount that Federal Credit Unions may loan to it directors and members of it supervisory credit committee to $2,500 without approval of the board of directors. Allows such credit unions to establish two-member investment committees. Prescribes meeting frequencies and procedures for credit committees of such credit unions. Provides termination procedures for insured credit unions.
Bill· HRH.R. 15367 (93rd)referred
United States · United States Congress · 13 June 1974
Provides, under the Internal Revenue Code, that cooperative housing corporations and condominium owners' or homeowners' associations will not be taxed on receipt of membership income.
Bill· HRH.R. 15313 (93rd)referred
United States · United States Congress · 11 June 1974
Provides, under the Internal Revenue Code, an exemption from income taxation for condominium housing associations and homeowners' associations and imposes a tax on the unrelated business income of such organizations.
Bill· HRH.R. 15293 (93rd)referred
United States · United States Congress · 10 June 1974
Increases from $17,500 to $20,000, the maximum amount of the grant payable for specially adapted housing for disabled veterans. (Amends 38 U.S.C. 802).
Bill· HRH.R. 15234 (93rd)referred
United States · United States Congress · 6 June 1974
Provides that the income tax rules, relating to reserves for losses on loans, now applicable to savings and loan associations and mutual savings banks, shall be applicable to the comparable mortgage programs now undertaken by national mortgage associations. (Amends 26 U.S.C. 593)
Bill· HRH.R. 15174 (93rd)referred
United States · United States Congress · 4 June 1974
Provides an exclusion from income taxation under the Internal Revenue Code for cooperative housing corporations and condominium housing associations if membership in such organizations is limited to owners of units within such cooperative or condominium.
Bill· HRH.R. 15166 (93rd)referred
United States · United States Congress · 4 June 1974
Provides, under the Internal Revenue Code, an exemption from income taxation for cooperative housing corporations, condominium housing associations, and homeowners' associations, if membership in such organization is limited to owners or occupants therein. Imposes a tax on unrelated business income of such organizations.
Bill· HRH.R. 15184 (93rd)referred
United States · United States Congress · 4 June 1974
Extends the following community development and housing programs by authorizing increased appropriations for succeeding fiscal years under such programs: (1) urban renewal, (2) model cities, (3) rehabilitation loans, (4) basic water facility and neighborhood facility grants, (5) rental and public housing, and (6) rent supplements.
Bill· HRH.R. 15071 (93rd)referred
United States · United States Congress · 29 May 1974
National Condominium Act - Provides for the designation of an Assistant Secretary for Condominiums under the Department of Housing and Urban Development Act to assist in the planning, development, construction, or operation of condominiums or the purchase of condominium units. Establishes minimum national standards for all condominium units the sale of which is financed with Federal assistance in any form, and encourages the States through a new program of Federal grants to establish such standards to protect both the residents of previously leased units to be converted and the potential purchasers of such units from undue hardships and unexpected economic expenses. States that any person who willfully violates any of the provisions of this Act shall be fined not less than $15,000 and be imprisoned for not less than two years.
Bill· HRH.R. 15059 (93rd)referred
United States · United States Congress · 29 May 1974
Federal Housing Act - Declares the finding of the Congress that the general welfare of the American people requires, as a matter of national purpose, the sound development of housing, together with adequate financing thereof. Creates, under the provision of the National Housing Act, a body corporate in the executive branch of the Government to be known as the Federal Housing Administration which shall carry on and continue the functions, powers, and duties of the Department of Housing and Urban Development under this Act. Provides that nothing contained herein shall be deemed to prohibit the FHA from servicing other housing programs under this Act, provided such servicing is based on sound credit and actuarial standards. Provides that the FHA shall have succession until dissolved by Act of Congress. Provides that all of the FHA's powers under this Act, including the authority to insure mortgages, and fix maximum amounts, interest rates, and loan-to-value ratios for such mortgages, shall continue in full force and effect and may continue to be exercised until the FHA is dissolved by Act of Congress. Provides that FHA shall maintain its principal office in the District of Columbia, and shall be deemed, for purposes of venue in civil actions, to be a resident thereof. Authorizes agencies or offices to be established by the FHA in such other place or places as it may deem necessary or appropriate in the conduct of its business. Provides that the management of the FHA shall be vested in a Board of Directors (hereinafter referred to as the 'Board'), and a Commissioner who shall also be a member of the Board. Provides that the Board shall consist of the Chairman of the Federal Home Loan Bank Board, the Chairman of the Federal Reserve Board, the Secretary of the Treasury, the Secretary of the Department of Housing and Urban Development, and the Comptroller of the Currency, or their delegates. Provides that the Board of Directors shall be vested with the responsibility to exercise general direction and supervision over the performance of all functions, powers, and duties vested in the FHA when relating in the judgment of the Board to matters of a broad and general supervisory, advisory, or policy nature, including the approval of regulations promulgated by the Commissioner, the setting of maximum mortgage amounts, fees, and premimums, the setting of competitive mortgage market interest rates, and the declaration of high cost areas for increased mortgage insurance. Provides that all administrative powers, functions, and duties of the FHA shall be exercised and performed by the Commissioner. Provides for the administration of the FHA. Provides that the Commissioner shall, among his responsibilities, advise the Board and the President with respect to Federal programs and activities relating to matters concerning development of housing under the authority of this Act, and provide technical assistance and information, including a clearinghouse service, to States, counties, towns, villages, and other local governments, in developing housing. Provides that the Commissioner shall also be responsible for maintenance of such liaison with Congress as may be necessary for proper administration of the FHA. Requires the Commissioner, as soon as practicable after the end of each calendar year, to make a report to the President for submission to the Congress on the activities of the FHA during the preceding calendar year. Transfers to and vests in the FHA all of the functions, powers, and duties of the Department of Housing and Urban Development under specified provisions of the National Housing Act. Authorizes the Commissioner, upon such terms and conditions as he may prescribe, to insure banks, trust companies, personal finance companies, mortgage companies, building and loan associations, installment lending companies, and other such financial institutions, which the Commissioner finds to be qualified by experience or facilities and approves as eligible for credit insurance, against losses which they may sustain as a result of loans and advances of credit, and purchases of obligations representing loans and advances of credit, made by them on and after July 1, 1939. Authorizes the Commissioner, directed by such regulations or procedures as he shall deem advisable, to prevent the use of any financial assistance under this Act with respect to new residential structures other than mobile homes that have not been completed and occupied for at least six months, or which would, through multiple loans, result in an outstanding aggregate loan balance with respect to the same structure exceeding the dollar amount limitation prescribed in this Act for the type of loan involved. Grants the authority whereby this subparagraph may in the discretion of the Commissioner be waived with respect to the period of occupancy or completion of any such new residential structures. Authorizes and directs the Commissioner, with respect to mobile homes to be financed under this Act, to: (1) prescribe minimum property standards to assure the livability and durability of the mobile home and the suitability of the site on which the mobile home is to be located; and (2) obtain assurances from the borrower that the mobile home will be placed on a site which complies with the standards prescribed by the Commissioner and with local zoning. Sets forth the limitation amounts on loans and mortgages insured by the FHA. Sets forth eligibility requirements for insurance coverage by the FHA. Requires the financial transactions of the FHA to be audited by the General Accounting Office. Requires an annual report of such audit to the Congress.
Bill· HRH.R. 15024 (93rd)referred
United States · United States Congress · 28 May 1974
Allows, under the Internal Revenue Code, the rapid depreciation of expenditures to rehabilitate low-income rental housing incurred after December 31, 1974.
Bill· HRH.R. 14943 (93rd)referred
United States · United States Congress · 22 May 1974
Requires that every person who makes a finance charge for any extension of credit for a mortgage at an annual percentage rate in excess of 8 percent shall pay an annual interest stabilization fee to the Government National Mortgage Association in an amount equal to 1 percent of the annual interest charge for each one-tenth percentage point by which the annual percentage rate exceeds 8 percent. Provides that where the amount financed varies during the year, or the period of repayment is less than a year, the amount of the fee shall be ratably adjusted. Provides that where the period of repayment is more than a year, the fee shall be paid with respect to each year during which there is at any time an unpaid balance outstanding, but need not be paid in advance of receipt of the finance charge. Exempts from the provisions of this Act any loan meeting all of the following conditions: (1) the amount of the loan is under $10,000, and (2) the making of the loan is regulated by an agency of a State under a small loan law or similar statute. States that for the purposes of this Act, the terms "finance charge", and "annual percentage rate" shall be defined as in the Truth in Lending Act, but shall not be restricted to consumer and agricultural transactions. Directs the Government National Mortgage Association to prescribe such regulations as may be necessary or appropriate to carry out the provisions of this Act. Provides that any fees paid pursuant to this Act shall be held by the Government National Mortgage Association in a separate fund, and pursuant to title III of the National Housing Act, as amended, to stabilize and strengthen the national housing market.
Bill· HRH.R. 14915 (93rd)referred
United States · United States Congress · 21 May 1974
National Mobile Home and Recreational Vehicle Safety Act - Directs the Secretary of Transportation and Secretary of Housing and Urban Development to establish by order appropriate nonoperational Federal mobile home and recreational vehicle safety standards. Provides that, in prescribing standards under this Act, the Secretary of Transportation and the Secretary of Housing and Urban Development shall: (1) consider relevant available mobile home safety data; (2) consult with such State or interstate agencies (including legislative committees) as he deems appropriate; (3) consider whether any such proposed standard is reasonable, practicable, and appropriate for the particular type of mobile home or recreational vehicle for which it is prescribed; (4) consider whether any such standard will result in a substantial increase in the retail price of mobile homes or recreational vehicles; and (5) consider the extent to which any such standard will contribute to carrying out the purpose of this title. Directs the Secretary of Transportation to issue initial Federal recreational vehicle and mobile home safety standards upon the expiration of a two hundred and seventy day period which begins on the date of enactment of this Act. Provides that the Secretary shall issue new and revised Federal recreational vehicle and mobile home safety standards under this title upon the expiration of the five hundred and forty-day period which begins on the date of enactment of this Act. Establishes both a National Mobile Home Safety Advisory Council, and a National Recreational Vehicle Safety Advisory Council, a majority of each of which shall be representatives of the general public, including representatives of State and local governments, and the remainder shall include mobile home or recreational vehicle, manufacturers, dealers, representatives of insurers, and nationally recognized standards-producing organizations. Provides that the Secretary shall consult with the appropriate Advisory Council before establishing or revoking any mobile home or recreational vehicle safety standard pursuant to this title. Directs the Secretary to conduct research, testing, development and training necessary to carry out the purposes of this title. Provides that no person shall: (1) manufacture for sale, sell, offer for sale, or introduce or deliver for introduction into interstate commerce, or import into the United States, any mobile home or recreational vehicle manufactured on or after the date any applicable Federal mobile home or recreational vehicle safety standard takes effect under this title unless it is in conformity with such standard; (2) fail or refuse access to or copying of records, or fail to make reports or provide information, or fail or refuse to permit entry or inspection, as required under this Act; (3) fail to issue a certficate required by this Act, or issue a certificate to the effect that a mobile home or recreational vehicle conforms to all applicable Federal mobile home or recreational vehicle safety standards, unless such person in the exercise of due care has reason to know that such certificate is false or misleading in a material respect; or (4) fail to furnish notification of any defect as required by this Act. Provides for civil penalties for violations of this Act. Authorizes the Secretary to conduct such inspection and investigation as may be necessary to enforce Federal mobile home and recreational vehicles safety standards established under this Act. Provides that every manufacturer, distributor, and dealer of mobile homes and recreational vehicles shall maintain such records, make such reports, and provide such performance and technical data to the Secretary as may be required to carry out the purposes of this Act. Establishes a National Mobile Home and Recreational Vehicle Safety Institute in the Department of Housing and Urban Development. Provides that such Institute shall be headed by a Director appointed by the Secretary. Authorizes such Institute to: (1) develop, establish, and forward to the Secretary of Transportation recommended mobile home and recreational vehicle nonoperational safety standards; (2) conduct research, testing, development, and training as authorized by this title; (3) prepare the annual report to the Congress required by this title; and (4) perform all other functions of the Secretary of Housing and Urban Development under this Act. Requires the Secretary to submit to the President an annual report on the activities of the Department of Transportation under this title. States that nothing in this Act shall prevent any State agency or court from asserting or continuing jurisdiction under State law over any aspect of mobile home or recreational vehicle safety with respect to which no standards have been established pursuant to this title. Provides that any State may assume responsibility for enforcement of any Federal standards which have been established under this Act upon approval by the Secretary under specified conditions. Authorizes the Secretary to make grants to States which have been delegated enforcement responsibility to assist them in identifying their needs and responsibilities in the area of safety standards enforcement or in developing enforcement plans. Provides that the Federal share of each such grant shall not exceed 90 percent of the total cost. Authorizes Federal participation under the Home Owner's Loan Act of 1933 in any loan made for the purchase of a recreational vehicle or mobile home which meets or exceeds the safety standards established under this Act. Provides for Federal participation in loans made to veterans purchasing mobile homes and recreational vehicles which meet such standards.
Bill· HRH.R. 14903 (93rd)reported
United States · United States Congress · 20 May 1974
Consumer Home Mortgage Assistance Act - Title I: Lending and Investment Powers, Federal Savings and Loan Associations - Revises the Home Owners' Loan Act by making technical changes to modify the lending and investment powers of Federal savings and loan associations so as to increase the availability of mortgage credit for the financing of residential housing. Authorizes loans of $10,000 for property improvement under the Home Owner's Loan Act. Title II: National Banks - Revises the regulations governing real estate, forest tract, construction and commerical loans made by national banking associations. Title III: Federal Credit Unions - Revises the Federal Credit Union Act by setting forth new procedures for the operation of boards of directors of federal credit unions. Allows Federal credit union loans to their own directors provided such loans in excess of $2500 plus pledged shares are approved by the boards of directors. Prescribes changes in the operations of federal credit union credit committees. Specifies the conditions under which an insured credit union may terminate its status as an insured credit union. Authorizes the Administrator of the National Credit Union Administration to make loans to, or purchase the assets of, or establish accounts in, any insured credit union in order to prevent its closing or in order to reopen a closed insured credit union.
Bill· HRH.R. 14899 (93rd)referred
United States · United States Congress · 20 May 1974
Title I: Home Maintenance and Improvement Loans for Low-and Middle-Income Families - Authorizes the Secretary of Housing and Urban Development to make loans as provided in this Act to low and middle-income individuals and families owning and occupying one, two, or three-family residential structures to assist in financing the necessary maintenance or improvements of such structures through qualified repairs. Provides that such loans shall bear interest at 3 percent. Defines "low and middle-income individuals and families" for purposes of this Act. Defines "qualified repairs" for purposes of this Act. Requires the reservation of 15 percent of such loans for elderly homeowners. Authorizes appropriations necessary to carry out this Act. Title II: Audits of Federal Housing Programs by General Accounting Office - Directs the Comptroller General to annually audit housing and related programs of the Department of Housing and Urban Development. Sets forth requirements for such audits.
Bill· HRH.R. 14900 (93rd)referred
United States · United States Congress · 20 May 1974
Title I: Home Maintenance and Improvement Loans for Low-and Middle-Income Families - Authorizes the Secretary of Housing and Urban Development to make loans as provided in this Act to low and middle-income individuals and families owning and occupying one, two, or three-family residential structures to assist in financing the necessary maintenance or improvements of such structures through qualified repairs. Provides that such loans shall bear interest at 3 percent. Defines "low and middle-income individuals and families" for purposes of this Act. Defines "qualified repairs" for purposes of this Act. Requires the reservation of 15 percent of such loans for elderly homeowners. Authorizes appropriations necessary to carry out this Act. Title II: Audits of Federal Housing Programs by General Accounting Office - Directs the Comptroller General to annually audit housing and related programs of the Department of Housing and Urban Development. Sets forth requirements for such audits.
Bill· SS. 3511 (93rd)open
United States · United States Congress · 16 May 1974
Emergency Housing Finance Act - Authorizes the Federal Home Loan Mortgage Corporation to purchase, and make commitments to purchase residential mortgages from any Federal home loan bank, the Federal Savings and Loan Insurance Corporation, any member of a Federal home loan bank, or any other financial institution the deposits or accounts of which are insured by an agency of the United States. Sets forth downpayment requirements and maximum mortgage amounts under Federal Housing Administration Programs. Increases the maximum mortgage amounts under FHA one-to-four family mortgage insurance programs and multifamily mortgage insurance programs. Authorizes appropriations for community development and housing programs, including the model cities and rent supplement programs.
Bill· SS. 3505 (93rd)referred
United States · United States Congress · 16 May 1974
Authorizes the Secretary of Housing and Urban Development, in consultation with the Secretary of Health, Education, and Welfare, under the National Housing Act, to provide insurance for loans to finance improvements to long-term care facilities required to correct deficiencies identified in State surveys and Federal certification procedures.
Bill· HRH.R. 14813 (93rd)referred
United States · United States Congress · 15 May 1974
Requires the Secretary of Housing and Urban Development to terminate the suspension of assistance authorized by the National Housing Act's program of homeownership for lower income families, and to carry out such program to the full extent of the funds and contract authority made available to him by law.
Bill· HRH.R. 14812 (93rd)referred
United States · United States Congress · 15 May 1974
Increases the maximum mortgage amounts under specified Federal Housing Administration programs by providing a $1,700,000,000 increase in the Government National Mortgage Association's authority to purchase mortgages. Limits to 7 1/4 percent the interest rate on mortgages which may be purchased under such plan.
Bill· HRH.R. 14779 (93rd)referred
United States · United States Congress · 14 May 1974
United States Housing Act - States that it is the policy of the United States to promote the general welfare of the Nation by employing its funds and credit, as provided in this Act, to assist the several States and their political subdivisions to remedy the unsafe and unsanitary housing conditions and the acute shortage of decent, safe and sanitary dwellings for families of low income and, consistent with the objectives of this Act, to vest in local public housing agencies the maximum amount of responsibility in the administration of their housing programs. Provides that no person should be barred from serving on the board of directors or similar governing body of a local public housing agency because of his tenancy in a low-income housing project. Permits the Secretary of Housing and Urban Development to make loans or commitments to make loans to public housing agencies to help finance or refinance the development, acquisition, or operation of low-income housing projects by such agencies. Provides that the Secretary may issue and have outstanding at any one time notes and other obligations for purchase by the Secretary of the Treasury in an amount which will not, unless authorized by the President, exceed $l,500,000,000. Authorizes the Secretary to make annual contributions to public housing agencies to assist in achieving and maintaining the low-income character of their projects. Provides that the Secretary may enter into contracts for annual contributions with respect to the modernization of low-income housing projects in an amount aggregating not more than $30,000,000 per annum on and after July 1, 1974, which limits shall be increased by $30,000,000 on July 1, 1975. States that the Secretary may include in any contract for loans, annual contributions, sale, lease, mortgage, or any other agreement or instrument made pursuant to this Act, such covenants, conditions, or provisions as he may deem necessary in order to insure the low-income character of the project involved, and that no otherwise eligible applicant shall be excluded from any project because of race, religion, nationality, age, sex, marital status, or amount or source of income. Stipulates that for the purpose of providing a supplementary form of low-rent housing which will aid in assuring a decent place to live for every citizen and promote efficiency and economy in the program under this Act by taking full advantage of vacancies or potential vacancies in the private housing market, each public housing agency may, to the maximum extent consistent with the achievement of the objectives of this Act, provide low-rent housing under this Act in the form of low-rent housing in private accommodations in accordance with this Act where such housing in private accommodations can be provided at a cost equal to or less than housing in projects assisted under other provisions of this Act.
Bill· HRH.R. 14750 (93rd)referred
United States · United States Congress · 13 May 1974
Provides that the Secretary of Labor shall not apply the Federal regulations governing permanent housing for agricultural workers to the nonwintering, mobile housing facilities (commonly known as "camp wagons") used in the range sheep industry.
Bill· HRH.R. 14749 (93rd)referred
United States · United States Congress · 13 May 1974
Consumer Home Mortgage Assistance Act - Title I: Lending and Investment Powers, Federal Savings and Loan Associations - Revises the Home Owners' Loan Act by making technical changes to modify the lending and investment powers of Federal savings and loan associations so as to increase the availability of mortgage credit for the financing of residential housing. Authorizes loans of $10,000 for property improvement under the Home Owner's Loan Act. Title II: National Banks - Revises the regulations governing real estate, forest tract, construction and commerical loans made by national banking associations. Title III: Federal Credit Unions - Revises the Federal Credit Union Act by setting forth new procedures for the operation of boards of directors of federal credit unions. Allows Federal credit union loans to their own directors provided such loans in excess of $2500 plus pledged shares are approved by the boards of directors. Prescribes changes in the operations of federal credit union credit committees. Specifies the conditions under which an insured credit union may terminate its status as an insured credit union. Authorizes the Administrator of the National Credit Union Administration to make loans to, or purchase the assets of, or establish accounts in, any insured credit union in order to prevent its closing or in order to reopen a closed insured credit union.
Bill· SS. 3456 (93rd)referred
United States · United States Congress · 8 May 1974
Middle Income Mortgage Credit Relief Act - States that whenever the Secretary of Housing and Urban Development determines that a substantial number of middle-income families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of residential home construction and thereby adversely affect the economy and delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Provides that, not later than sixty days following the enactment of this Act, the Secretary shall issue regulations to carry out the purposes of this Act. Establishes within the Association a Middle Income Housing Fund which shall be used to carry out the purposes of this Act. States that a mortgage may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; (2) such mortgage involves a principal amount not to exceed $30,000; (3) such mortgage involves an interest rate not in excess of 7 percent per annum; and (4) no points, discounts, or similar charges were assessed against the prospective buyer or seller in connection with the mortgage.
Bill· SS. 3451 (93rd)referred
United States · United States Congress · 7 May 1974
Provides that the Secretary of Labor shall not apply the Federal regulations governing permanent housing for agricultural workers to the nonwintering, mobile housing facilities (commonly known as "camp wagons") used in the range sheep industry.
Bill· HRH.R. 14630 (93rd)referred
United States · United States Congress · 7 May 1974
Provides an exclusion from income taxation under the Internal Revenue Code for cooperative housing corporations and condominium housing associations if membership in such organizations is limited to owners of units within such cooperative or condominium.
Bill· SS. 3436 (93rd)referred
United States · United States Congress · 2 May 1974
Emergency Home Finance Act - Expresses the findings of Congress, including that there is an urgent need to provide an alternate source of residential mortgage credit on an emergency basis. Authorizes the Secretary of Housing and Urban Development to make mortgage loans to finance the purchase of housing in geographic areas where he determines, after consultation with the Chairman of the Federal Reserve Board and the Chairman of the Federal Home Loan Bank Board, that mortgage credit is not available on reasonable terms at specified interest rates. Establishes in the Treasury of the United States a trust fund to be known as the National Housing Trust Fund for the purpose of making, processing, and servicing direct mortgage loans. States that, to carry out the purposes of this Act, the Secretary is authorized to issue to the Secretary of the Treasury notes or other obligations in an aggregate amount not to exceed $5,000,000,000. Requires the Secretary to transmit to the Congress not later than March 15 of each year a report on his activities under this Act during the preceding year, and on any activities he anticipates during the year in which the report is made.
Bill· HRH.R. 14555 (93rd)referred
United States · United States Congress · 2 May 1974
Housing Act for Older Americans and the Handicapped - States the finding of the Congress that among the low-income people of the Nation, millions of our elderly and many handicapped persons, unable to perform to the extent of providing their essential needs for a suitable living environment, are unnecessarily suffering in need for assistance. Makes it the purpose of this Act to give appropriate and positive support to the elderly and the handicapped, by making available a Federal housing assistance program. States that it is the intent of Congress that a community's planning, development, and management activities, directly or indirectly supported by Federal programs, will permit and encourage participation by elderly and handicapped persons so that the needs and potential contributions of these special groups can be readily acknowledged. Provides, under the provisions of the United States Housing Act of 1937, that for the purpose of providing more adequate assistance to low income elderly and handicapped individuals, each public housing agency under such Act shall, to the maximum extent consistent with the achievement of the objectives of such Act, and supplemental to other provisions of such Act which make specific reference to the elderly and the handicapped, provide housing for such individuals in accordance with this Act. Requires that at least 25 percent of the total amount of contracts for annual contribution contracts entered into in any fiscal year under such Act shall be entered into with respect to units of low-rent housing specially designed for the elderly or the handicapped in accordance with this Act. Requires that multifamily housing projects assisted under such Act for the predominant or exclusive use of elderly or handicapped individuals shall be specifically designed to accomodate the special environmental needs of the intended occupant, and be in appropriate support of, and supported by, applicable plans of a State, the District of Columbia, Puerto Rico and possessions of the United States, or of a subdivision within any State, which respond to Federal program requirements. Requires that public housing agencies under such Act, where practicable, contract for the use of dwelling units in a manner which will promote the efficient provision of needed services to elderly and handicapped individuals, as in a community's comprehensive plan for the aged or the handicapped. Authorizes a public housing agency, notwithstanding any otherwise applicable limit on the number of units which could be contracted for in any structure, to enter into lease contracts with the owners of structures containing dwelling units predominantly or exclusively for occupancy by elderly or handicapped families for the use of all or some of such units in accordance with the provisions of this Act.
Bill· SS. 3400 (93rd)referred
United States · United States Congress · 30 April 1974
Extends coverage of the automobile assistance program and the specially adapted housing program to those veterans qualifying for assistance under provisions relating to benefits for veterans disabled and qualified for treatment or vocational rehabilitation.
Bill· HRH.R. 14490 (93rd)referred
United States · United States Congress · 30 April 1974
Housing and Urban Development Act - Title I: Community Development Block Grants - Authorizes the Secretary of Housing and Urban Development to make grants to States and units of general local government to help finance Community Development Programs. Authorizes the Secretary to incur obligations for such grants of up to $8,050,000,000 until July 1, 1977. Authorizes $100,000,000 for each of fiscal years 1975, 1976, and 1977 for grants to general local government units for urgent community development needs. Requires grant applicants to: (1) formulate community development programs and housing assistance plans; (2) operate such programs in accordance with the Civil Rights Act of 1964 and Public Law 90-284 (relating to fair housing) and (3) inform affected citizens of the various aspects of the program. Requires annual reviews and audits to determine if grantees are carrying out their programs as required by this Act. States that community development programs approved under this title may include: (1) acquisition of real property that is deteriorating or useful for public purposes; (2) installation of public works facilities; (3) rehabilitation of buildings; and (4) provisions for health, social counseling, and training services under activities within this title. Prescribes the allocations of grant funds under this title, including a ratio to determine amounts for individual cities which relates to poverty and housing overcrowding in the city. Requires that 80 percent of the non-urgent grant funds go to metropolitan areas. Prescribes the full "hold-harmless" amount of a metropolitan city or urban county under this title. Prescribes a discretionary grants fund for special projects, including new communities, United States territories, and disaster-caused development needs. Authorizes the guarantee of notes or other obligations of general local government units for acquisition of real property for community development programs. Prohibits discrimination based upon race, color, national origin, or sex under programs funded by this title. Sets wage standards for labor performed under contracts funded by this title. Requires the termination or reduction of funds to grantees failing to comply with this title. Allows judidical review of such actions. Allows 20 percent of the urgent-need grants to be applied toward the payment of principal and interest on temporary loans made to a local government unit under the Housing Act of 1949. Provides for the employment of low-income persons under programs approved by this title. Title II: Assisted Housing - Authorizes assistance, under the United States Housing Act of 1937, to low-income families. Allows public housing agencies to make assistance payments for the use of existing dwelling units. Allows assistance payments for contracts with owners or prospective owners who construct or rehabilitate housing which will be used at least in part for low-income families. Requires such assistance contracts to set a maximum monthly rent, according to prescribed guidelines. Sets forth a time limit on such contracts for assistance payments. Preserves all ownership, management, and maintenance responsiblilities in the owners. Requires 30 percent of families assisted under this title to be "very low-income" families. Requires the Secretary to insure that special projects for the handicapped authorized under the United States Housing Act of 1937 provide quality services and management consistent with the needs of the occupant. Prohibits the approval of a housing assistance plan under the United States Housing Act of 1937, the National Housing Act, or the Housing and Urban Development Act of 1965 unless the general local government unit certifies that such assistance is consistent with a housing assistance plan approved under title I of this Act. Requires the allocation of assistance under provisions of the above-mentioned laws according to rates of property, overcrowding, and substandard housing. Makes public housing agencies eligible as mortgagors under the National Housing Act's provisions relating to housing for moderate income and displaced families. Specifies minimum rentals for low-rent housing under the United States Housing Act of 1937. Requires the establishment of sound management practices by public housing agencies. Increases the annual contribution to public housing to maintain low rents to $400,000,000 for fiscal year 1973 and $965,000,000 for fiscal year 1974. Extends the home ownership, cooperative and rental mortgage provisions of the National Housing Act until June 30, 1975. Title III: Mortage Credit Programs - Extends the regular FHA insurance programs and the interest rate authority for veterans' home loans. Increases the maximum mortgage amounts under the FHA one to four-family and multifamily mortgage insurance programs. Makes changes in downpayment requirements for regular FHA one to four-family mortgages. Increases the amounts and time limits on home improvement loans. Permits the co-insurance of any mortgage, advance, or loan in addition to co-insurance otherwise provided by this Act. Prohibits the issuance of such insurance until it is determined that such co-insurance demonstration program will not disrupt the mortgage market or reduce the availability of mortgage credit to borrowers who depend upon mortgage insurance under this Act. Prohibits the purchase of mortgages by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation if the outstanding principal balance of the mortgage at the time of purchase exceeds 80 percent of the value of the property, with specifed exceptions. Eliminates the provisions of Federal law concerning the retirement of common and preferred stock in FNMA. Prohibits sex discrimination in Federal mortgage assistance payments under this title. Title IV: Rural Housing - Allows loans for the repair and improvement of rural dwellings to make them safe and sanitary (where the borrower does not otherwise qualify) of up to $500. Extends veterans preference to rural housing programs under the Housing Act of 1949. Authorizes funds for loan programs for rural housing programs. Authorizes direct and insured loans to provide housing and related facilities for elderly persons and families in rural areas. Authorizes direct and insured loans to provide condominium housing for low-and moderate-income families in rural areas. Title V: Miscellaneous - States that it is the purpose of this part to encourage the formation of State development agencies which have broad and flexibile authority to carry out development activities designed to: (1) provide housing and related facilities for persons and families of low and moderate income, (2) promote the sound growth and development of neighborhoods through the revitalization of slum and blighted areas, and (3) increase and improve employment opportunities for the unemployed and underemployed through the development and redevelopment of industrial, manufacturing, and commercial facilities. Permits the guarantee of bonds, debentures, notes and other obligations issued by State development agencies to finance development activities described in the purposes of this title. Establishes a revolving fund to provide for timely payment of liabilities incurred as a result of such guarantees. Allows supplementary grants for projects assisted by the National Foundation on the Arts and Humanities. Includes waste disposal facilities among eligible land improvements. Authorizes appropriations for comprehensive urban planning.
Bill· HRH.R. 14491 (93rd)referred
United States · United States Congress · 30 April 1974
Expands the meaning of "subdivision," under the Housing and Urban Development Act of 1968 to include land "in any State or in a foreign country." Extends the revocation period, relating to qualified land contracts, of 48 hours as provided in the Act to 72 hours. Adds industrially and commercially zoned property to the list of property exempt from the Act when enumerated conditions are met.
Bill· HRH.R. 14487 (93rd)referred
United States · United States Congress · 30 April 1974
Provides that, except as otherwise expressly provided, no tax deduction shall be allowed for personal, living, or family expenses under the Internal Revenue Code. States that if a dwelling which is used by the taxpayer as a personal residence (whether or not as his principal residence) is also used by him in an activity engaged in for profit, all expenses in connection with the maintenance, care, and use of such dwelling shall nevertheless be treated as personal, living, or family expenses. Exempts from such rule that portion of a dwelling: (1) which constitutes an office, shop, or other place of doing business utilized by patients, clients, or customers in meeting or dealing with the taxpayer in the normal course of his conduct of his trade or business; or (2) which the taxpayer operates as a hotel, rooming house, or similar establishment.
Bill· HRH.R. 14475 (93rd)referred
United States · United States Congress · 30 April 1974
Title I: Home Maintenance and Improvement Loans for Low-and Middle-Income Families - Authorizes the Secretary of Housing and Urban Development to make loans as provided in this Act to low and middle-income individuals and families owning and occupying one, two, or three-family residential structures to assist in financing the necessary maintenance or improvements of such structures through qualified repairs. Provides that such loans shall bear interest at 3 percent. Defines "low and middle-income individuals and families" for purposes of this Act. Defines "qualified repairs" for purposes of this Act. Requires the reservation of 15 percent of such loans for elderly homeowners. Authorizes appropriations necessary to carry out this Act. Title II: Audits of Federal Housing Programs by General Accounting Office - Directs the Comptroller General to annually audit housing and related programs of the Department of Housing and Urban Development. Sets forth requirements for such audits.
Law· HRH.R. 14449 (93rd)open
United States · United States Congress · 29 April 1974
Community Services Act - Title I: Urban and Rural Community Action Programs - Provides for the designation of community action agencies, programs, and boards. Enumerates the specific powers and functions of community action agencies in planning and administering the community action programs. Directs each agency to encourage the establishment of housing development services organizations to focus on the needs of low-income families and individuals. Empowers the Director of the Community Action Administration of the Department of Health, Education, and Welfare, to provide financial assistance to community action programs and related activities, including employment, education, living environment, and health. Prescribes the conditions of and procedures for such assistance. Directs the Director to carry on special programs relating to (1) legal services, (2) community food and nutrition; (3) environmental action; (4) rural housing development and rehabilitation; and (5) senior opportunities and services for poor persons over the age of 60. States that the Director shall encourage the development of neighborhood centers to promote the effectiveness of needed services. Prescribes an allotment of funds and sets limitations on assistance under this title. Calls for the Director to make grants: (1) for programs to provide technical design and planning assistance to groups and persons not otherwise able to afford such assistance; (2) for a youth recreation and sports program; and (3) for the development of consumer action and advocacy programs. Empowers the Director to provide assistance to State agencies and special aid to nonprofit agencies designed to serve groups of low-income individuals. Directs the Director to extend benefits to residents of rural areas, setting forth the steps he is to follow in so doing. Requires that before agreements may be made under this title, a plan must be approved by the State Governor and/or the Director. Sets forth special limitations which shall apply to programs under this title, including that no general financial aid shall be made for elementary or secondary education purposes. Authorizes the Director to make incentive grants of up to 50 percent of program costs. Title II: Special Program to Combat Poverty in Rural Areas - Authorizes the Director to make loans of up to $3,500 to low-income rural families to effect a permanent increase in the income of such families or improve living conditions of the elderly. Sets forth the loan terms and conditions. Provides for assistance to migrant and other seasonally employed farmworkers and their families. Title III: Employment and Investment Incentives - Empowers the Administrator of the Small Business Administration to make loans for the purpose of improving and establishing small businesses, especially those owned by low-income individuals. Provides for financial aid for projects directed toward technical assistance and management training. Title IV: Work Experience, Training, and Day Care Programs - Provides funding for carrying out this title. Sets limitations on the nature of work experience and training programs assisted with funds under this title, including that training shall be for a maximum of 36 months. Authorizes the Director to provide financial aid for 90 percent of the cost of day care projects for low-income persons. Provides for the coordination of such day care programs. Title V: Evaluation, Research, and Demonstration - States that the Director shall provide for a comprehensive evaluation of programs under this Act and related Acts. Calls for: (1) cooperation among Federal agencies; (2) consultation with program participants; and (3) publication of evaluation by other administering agencies. Authorizes the Director to provide financial assistance for demonstration and research projects designed for new methods of overcoming special problems or furthering the purposes of this Act. Title VI: Administration and Coordination - Establishes in the Department of Health, Education, and Welfare a Community Action Administration, headed by a Director, to carry out this Act. Enumerates the powers and authorities of the Director. States that no funds under this Act shall be used to finance Federal election activities, voter registration, or salaries of persons in the Administration who engage in such activities. Directs the Director to establish procedures for appeals, notice, and hearings under this Act. Establishes a National Advisory Council on Community Service, composed of 21 persons appointed by the President. Enumerates the duties of such Council. Sets limitations under this Act with respect to: (1) benefits for those who are voluntarily poor; (2) unlawful activities; and (3) Federal administrative expenses. Enumerates additional responsibilities of the Director. States that the Director shall establish an information center to insure that maximum use is made of Federal programs relating to this Act. Title VII: Transfer of Programs - Headstart - Follow Through Act - Empowers the Secretary of Health, Education, and Welfare, upon application by an eligible Project Headstart agency, to provide financial aid for programs for children of low-income families. Authorizes appropriations through fiscal year 1977 for such purposes. Prescribes the procedures governing the making of such assistance. Native American Program Extension Act - Empowers the Secretary to provide aid to agencies, including governing bodies of Indian tribes and Alaskan native villages and corporations, for projects to promote the economic and social self-sufficiency of American Indians and Alaskan natives. Authorizes appropriations for such purposes. Directs the Secretary to establish a Comprehensive Health Services program in the Department of Health, Education, and Welfare. Specifies the subject areas to be covered by such program. Title VIII: Authorization of Appropriations - Authorizes appropriations for carrying out the provisions of this Act. Title IX: General Provisions - Defines the terms used in this Act and sets forth additional guidelines governing the Act's operations. Title X: Community Economic Development - Community Economic Development Act - Directs the Secretary of Commerce to provide financial assistance for developing and carrying out projects to make available management and technical assistance to minority business enterprises and to assist in developing community support for minority business. Provides for the establishment of special programs to assist private, locally initiated community corporations which are directed toward solution of critical community problems. Sets forth the requirements for such financial aid. Empowers the Secretary to provide financial aid of up to $3,500 to low-income, rural families. Establishes the Development Loan Fund, consisting of the Rural Development Loan Fund and the Community Development Loan Fund. Authorizes loans from such funds. Provides for the appointment of an Assistant Secretary of Commerce to aid in the administration of this Act. Authorizes appropriations for carrying out this Act.
Bill· HRH.R. 14445 (93rd)referred
United States · United States Congress · 29 April 1974
National Mobile Home and Recreational Vehicle Safety Act - Directs the Secretary of Transportation and Secretary of Housing and Urban Development to establish by order appropriate nonoperational Federal mobile home and recreational vehicle safety standards. Provides that, in prescribing standards under this Act, the Secretary of Transportation and the Secretary of Housing and Urban Development shall: (1) consider relevant available mobile home safety data; (2) consult with such State or interstate agencies (including legislative committees) as he deems appropriate; (3) consider whether any such proposed standard is reasonable, practicable, and appropriate for the particular type of mobile home or recreational vehicle for which it is prescribed; (4) consider whether any such standard will result in a substantial increase in the retail price of mobile homes or recreational vehicles; and (5) consider the extent to which any such standard will contribute to carrying out the purpose of this title. Directs the Secretary of Transportation to issue initial Federal recreational vehicle and mobile home safety standards upon the expiration of a two hundred and seventy day period which begins on the date of enactment of this Act. Provides that the Secretary shall issue new and revised Federal recreational vehicle and mobile home safety standards under this title upon the expiration of the five hundred and forty-day period which begins on the date of enactment of this Act. Establishes both a National Mobile Home Safety Advisory Council, and a National Recreational Vehicle Safety Advisory Council, a majority of each of which shall be representatives of the general public, including representatives of State and local governments, and the remainder shall include mobile home or recreational vehicle, manufacturers, dealers, representatives of insurers, and nationally recognized standards-producing organizations. Provides that the Secretary shall consult with the appropriate Advisory Council before establishing or revoking any mobile home or recreational vehicle safety standard pursuant to this title. Directs the Secretary to conduct research, testing, development and training necessary to carry out the purposes of this title. Provides that no person shall: (1) manufacture for sale, sell, offer for sale, or introduce or deliver for introduction into interstate commerce, or import into the United States, any mobile home or recreational vehicle manufactured on or after the date any applicable Federal mobile home or recreational vehicle safety standard takes effect under this title unless it is in conformity with such standard; (2) fail or refuse access to or copying of records, or fail to make reports or provide information, or fail or refuse to permit entry or inspection, as required under this Act; (3) fail to issue a certficate required by this Act, or issue a certificate to the effect that a mobile home or recreational vehicle conforms to all applicable Federal mobile home or recreational vehicle safety standards, unless such person in the exercise of due care has reason to know that such certificate is false or misleading in a material respect; or (4) fail to furnish notification of any defect as required by this Act. Provides for civil penalties for violations of this Act. Authorizes the Secretary to conduct such inspection and investigation as may be necessary to enforce Federal mobile home and recreational vehicles safety standards established under this Act. Provides that every manufacturer, distributor, and dealer of mobile homes and recreational vehicles shall maintain such records, make such reports, and provide such performance and technical data to the Secretary as may be required to carry out the purposes of this Act. Establishes a National Mobile Home and Recreational Vehicle Safety Institute in the Department of Housing and Urban Development. Provides that such Institute shall be headed by a Director appointed by the Secretary. Authorizes such Institute to: (1) develop, establish, and forward to the Secretary of Transportation recommended mobile home and recreational vehicle nonoperational safety standards; (2) conduct research, testing, development, and training as authorized by this title; (3) prepare the annual report to the Congress required by this title; and (4) perform all other functions of the Secretary of Housing and Urban Development under this Act. Requires the Secretary to submit to the President an annual report on the activities of the Department of Transportation under this title. States that nothing in this Act shall prevent any State agency or court from asserting or continuing jurisdiction under State law over any aspect of mobile home or recreational vehicle safety with respect to which no standards have been established pursuant to this title. Provides that any State may assume responsibility for enforcement of any Federal standards which have been established under this Act upon approval by the Secretary under specified conditions. Authorizes the Secretary to make grants to States which have been delegated enforcement responsibility to assist them in identifying their needs and responsibilities in the area of safety standards enforcement or in developing enforcement plans. Provides that the Federal share of each such grant shall not exceed 90 percent of the total cost. Authorizes Federal participation under the Home Owner's Loan Act of 1933 in any loan made for the purchase of a recreational vehicle or mobile home which meets or exceeds the safety standards established under this Act. Provides for Federal participation in loans made to veterans purchasing mobile homes and recreational vehicles which meet such standards.