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Subjects · United States

Housing

Records whose title is actually about this topic. Use a country filter if the list is still too broad.

134 records in US in 1978

Records

Bill· HRH.R. 11712 (95th)referred

Rural Housing Act

United States · United States Congress · 22 March 1978

Rural Housing Act - Amends the Housing Act of 1949 to state that foreclosure of any rural housing loan made, insured, or guaranteed under Title V of such Act shall be undertaken only as a last resort. Authorizes and directs the Secretary of Agriculture to conduct specified programs of research, study and analysis of rural housing. Authorizes the Secretary to make expenditures from the Rural Housing Insurance Fund in order to correct construction defects or to pay claims of the owner of property arising from such defects. Makes changes with respect to the Secretary's power to make rules and regulations. Authorizes increases in assistance to specified rural housing programs for fiscal years 1978 and 1979. Extends rural housing loans for elderly and handicapped facilities to include supervisory assistance personnel for congregate housing facilities. Makes it mandatory for the Secretary to provide rural rental assistance. Amends the Housing Act of 1949 to direct the Secretary to withhold assistance for specified programs from any otherwise eligible borrower who fails to incorporate energy conservation features into any structure commenced by such borrower after January 1, 1979.

Bill· HRH.R. 11715 (95th)referred

A bill to amend title I of the Housing and Community Development Act of 1974 for the purpose of providing rehabilitation grants to metropolitan cities and urban counties.

United States · United States Congress · 22 March 1978

Authorizes the Secretary of Housing and Urban Development to make urban rehabilitation grants to severely distressed cities and urban counties for the following purposes: (1) to finance the acquisition of real property by private, nonprofit entities for residential rehabilitation; (2) to finance residential rehabilitation through grants, revolving loan funds, mortgage insurance, high-risk mortgage pools, and low interest loans; (3) to make grants to neighborhood groups to carry out residential rehabilitation; and (4) to finance the rehabilitation of publicly owned building when the recipient of the grant participates in such rehabilitation. Directs the Secretary to issue regulations for the purpose of assuring that rehabilitation activities conducted with grants made under this program are primarily moderate rehabilitation activities and that such activities do not displace low- and moderate-income people. Lists information to be included in applications for such grants.

Bill· HRH.R. 11608 (95th)referred

American Dream Act

United States · United States Congress · 16 March 1978

American Dream Act - Amends the Home Owners' Loan Act of 1933 to authorize Federal savings and loan associations to make and invest in graduated payment mortgages and reverse annuity mortgages. Directs the Federal Home Loan Bank Board to consider consumer safeguards in adopting regulations allowing the making of and investment in such mortgages.

Bill· SS. 2740 (95th)referred

Urban Service Corps Act

United States · United States Congress · 14 March 1978

Urban Service Corps Act - Amends the Domestic Volunteer Service Act of 1973 to authorize the Director of ACTION to establish volunteer Urban Service Corps programs through ACTION and through public agencies and nonprofit private organizations to provide services such as block security, housing renovation, park beautification, and sanitation, and generally assist in the solution of problems afflicting urban areas. Limits the assistance provided by the Director under this Act to areas afflicted by substantial unemployment and financial distress. Authorizes the Director to provide the same allowances, stipends, and support payments to Urban Service Corps volunteers as provided for VISTA volunteers.

Bill· HRH.R. 11500 (95th)referred

A bill to amend title I of the Housing and Community Development Act of 1974 for the purpose of providing rehabilitation grants to metropolitan cities and urban counties.

United States · United States Congress · 13 March 1978

Authorizes the Secretary of Housing and Urban Development to make urban rehabilitation grants to severely distressed cities and urban counties for the following purposes: (1) to finance the acquisition of real property by private, nonprofit entities for residential rehabilitation; (2) to finance residential rehabilitation through grants, revolving loan funds, mortgage insurance, high-risk mortgage pools, and low interest loans; (3) to make grants to neighborhood groups to carry out residential rehabilitation; and (4) to finance the rehabilitation of publicly owned building when the recipient of the grant participates in such rehabilitation. Directs the Secretary to issue regulations for the purpose of assuring that rehabilitation activities conducted with grants made under this program are primarily moderate rehabilitation activities and that such activities do not displace low- and moderate-income people. Lists information to be included in applications for such grants.

Bill· HRH.R. 11464 (95th)referred

A bill to amend title V of the Housing Act of 1949.

United States · United States Congress · 13 March 1978

Amends the Housing Act of 1949 to extend the following housing programs until September 30, 1981: (1) low-income repair loans and grants; (2) low rent housing for domestic farm labor; (3) rural rental housing loans; (4) rural housing loans; and (5) mutual self-help housing loans and grants. Removes the limitation on the amounts authorized to be appropriated for the low-income repair program and the mutual self-help housing program. Authorizes the Secretary of Agriculture to provide additional assistance to persons receiving aid for rural housing under the interest credit program who are unable to afford a dwelling. Prescribes the formula for determining the amount of such additional assistance. Provides for the recapture of all or a portion of the assistance rendered upon the disposition or nonoccupancy of the property by the borrower.

Bill· SS. 2726 (95th)referred

Housing Conservation Act

United States · United States Congress · 10 March 1978

Housing Conservation Act - Amends the Housing Act of 1964 to authorize appropriations for fiscal year 1979 and to set aside specified amounts for multifamily rehabilitation loans and for urban homesteading including under certain circumstances, local programs for homesteading locally held or acquired tax foreclosed land or vacant single family and multifamily properties. Lists conditions to be placed on the authorization of rehabilitation loans.

Bill· SS. 2709 (95th)referred

A bill to amend Title V of the Housing Act of 1949.

United States · United States Congress · 9 March 1978

Amends the Housing Act of 1949 to authorize the Secretary of Agriculture to provide additional assistance to persons receiving aid for rural housing under the interest credit program who are unable to afford a dwelling. Prescribes the formula for determining the amount of such additional assistance. Provides for the recapture of all or a portion of the assistance rendered upon the disposition or nonoccupancy of the property by the borrower.

Bill· SS. 2708 (95th)referred

A bill to extend the authorizations for rural housing programs, and for other purposes.

United States · United States Congress · 9 March 1978

Amends the Housing Act of 1949 to extend the following programs until September 30, 1981: (1) low-income repair loans and grants; (2) low rent housing for domestic farm labor; (3) rural rental housing loans; (4) rural housing loans; and (5) mutual self-help housing loans and grants. Removes the limitation on the amounts authorized to be appropriated for the low-income repair program and the mutual self-help housing program.

Bill· SS. 2691 (95th)referred

Congregate Housing Services Act

United States · United States Congress · 8 March 1978

Congregate Housing Services Act - Authorizes the Secretary of Housing and Urban Development to enter into contracts with public housing agencies for the establishment of congregate housing projects which are supplemented by supportive services for frail and physically impaired residents. Requires assisted public housing authorities to maintain any financial effort they were making in furtherance of congregate services prior to contract authority approval, unless the Secretary waives such requirement. Amends the United States Housing Act of 1937 to permit the provision of congregate services in existing public housing. Makes provisions for the administration of services and requires assisted public housing agencies to employ elderly and physically disabled residents to the maximum extent practicable. Sets forth application procedures, requirements for eligibility for services, and rules for the setting of fees for congregate services. Directs assisted public housing agencies to review this program with eligible residents and with the professional assessment committee within the 12 month period prior to the submission of an application for renewed funding.

Bill· HRH.R. 11350 (95th)referred

A bill to provide that Federal assistance under the Federal Housing Administration will not be denied for housing solely on the basis that such housing is located in an area identified by a Federal agency as an area subject to the highest noise level resulting from the air transportation conducted in connection with the operation of a nearby civilian or military airport, and for other purposes.

United States · United States Congress · 7 March 1978

Amends the National Housing Act to prohibit the denial of assistance under the Federal Housing Administration mortgage insurance programs solely because the housing is located in an area identified by any federal agency as an area subject to a high noise level resulting from air transportation conducted in connection with the operation of a nearby civilian or military airport.

Resolution· HRESH.Res. 1063 (95th)referred

A resolution to authorize the Committee on Banking, Finance and Urban Affairs to conduct an inquiry into the failure to notify insurance agents of limits on coverage under the National Flood Insurance Program increased by the Housing and Community Development Act of 1977.

United States · United States Congress · 7 March 1978

Directs the House Committee on Banking, Finance, and Urban Affairs to conduct an inquiry of the failure of the Department of Housing and Urban Development to adequately notify insurance agents of limits on coverage under the national flood insurance program increased under the Housing and Community Development Act of 1977.

Bill· HRH.R. 11309 (95th)referred

Congregate Services Act

United States · United States Congress · 6 March 1978

Congregate Services Act - Authorizes the Secretary of Housing and Urban Development to enter into contracts with public housing agencies for the establishment of congregate housing projects which are supplemented by supportive services for frail and physically impaired residents. Requires assisted public housing authorities to maintain any financial effort they were making in furtherance of congregate services prior to contract authority approval, unless the Secretary waives such requirement. Amends the United States Housing Act of 1937 to permit the provision of congregate services in existing public housing. Makes provisions for the administration of services and requires assisted public housing agencies to employ elderly and physically disabled residents to the maximum extent practicable. Sets forth application procedures, requirements for eligibility for services, and rules for the setting of fees for congregate services. Directs assisted public housing agencies to review this program with eligible residents and with the professional assessment committee within the 12 months period prior to the submission of an application for renewed funding.

Bill· HRH.R. 11265 (95th)referred

Housing and Community Development Amendments

United States · United States Congress · 3 March 1978

Housing and Community Development Amendments - Title I: Community and Neighborhood Development and Conservation - Amends the Housing Act of 1964 to extend the rehabilitation loan program through fiscal year 1979. Amends the Housing and Community Development Act of 1974 to extend the Urban Homesteading program through fiscal year 1980. Changes the requirements for application and eligibility for assistance under the Community Development Block Grant program. Title II: Housing Assistance Programs - Authorizes the Secretary of Housing and Urban Development to make, and contract to make, assistance payments to owners of housing projects insured under the National Housing Act and assisted under rent supplement programs on an annual basis. Permits payments to be made only if such payments are necessary to restore or maintain the economic soundness of the project and to maintain its low-to moderate-income character. Amends the Housing Act of 1959 to set aside a specified amount of the funds appropriated for housing for the handicapped to be made available for loans for the development of rented housing and related facilities specifically designed to meet the needs of handicapped (primarily non-elderly) persons. Amends the United States Housing Act of 1937 to authorize funds to be appropriated for annual contributions for low income housing projects through fiscal year 1979. Authorizes the Secretary to make assistance payments for the upgrading of housing which involves less than substantial rehabilitations. Title III: Urban Extension Service - Establishes an Urban Extension Service within the Department of Housing and Urban Development to assist State and local entities and certain nongovernmental organizations in implementing the programs of such Department. Title IV: Program Amendments and Extensions - Amends the National Housing Act to extend specified Federal Housing Administration insurance programs including the following: (1) housing renovation and modernization; (2) general insurance authorization; (3) housing for moderate income and displaced families; (4) membership in cooperative associations for lower income families; (5) rental housing for low income families; (6) coinsurance of mortgages; (7) experimental housing; (8)armed services housing; (9) group practice facilities and medical practice facilities; (10) new communities; and (11) crime and riot reinsurance. Permits the Secretary of Housing and Urban Development to insure, on a permanent basis, mortgages and loans with provisions for varying rates of amortization through fiscal year 1979. Extends the Emergency Home Purchase Assistance program through fiscal year 1979. Amends the Housing Act of 1954 to authorize appropriations for comprehensive planning for urban and rural development through fiscal year 1980. Calls for triennial, instead of biennial, review of the comprehensive plans developed by recipients of assistance under such Act. Amends the Housing and Urban Development Act of 1970 to authorize appropriations for research of the Department of Housing and Urban Development through fiscal year 1980. Authorizes the Secretary of such Department to conduct demonstrations to determine the feasibility of expanding home ownership opportunities in urban areas including encouraging the conversion of multifamily housing properties to cooperative or condominium ownership by individuals and families. Amends the National Flood Insurance Act to extend the National Flood Insurance program and flood insurance studies through fiscal year 1980. Authorizes the Secretary to bid on specified properties which are not insured under the National Housing Act at foreclosure sales. Amends the National Housing Act to extend mortgage insurance to nonresident care facilities. Changes the eligibility requirements for condominium mortgage insurance under the National Housing Act. Amends the National Housing Act to authorize to be appropriated such sums as are necessary from time to time to cover the losses of the Special Risk Insurance Fund and the General Insurance Fund. Authorizes the Secretary of Housing and Urban Development to insure loans for the acquisition of fee simple title to residential property from lessors beyond limits established by the National Housing Act, if such property is located in Hawaii. Amends the Department of Housing and Urban Development Act to authorize the establishment of more than one day care facility for the children of employees of such Department. Amends the Housing and Urban Development Act of 1969 to remove certain restrictions on the purchase or lease of surplus real property for use in providing housing for low- and moderate-income families and individuals. Amends the National Housing Act to increase: (1) the total amount of purchase authority of the Government National Mortgage Association; and (2) the limits on the amounts of principal obligations of various classes of mortgages which such Association may purchase. Revises certain disclosure requirements, exemptions, and remedies applicable to the sale of real estate in a subdivision under the Interstate Land Sales Full Disclosure Act. Amends the Real Estate Settlement Procedures Act of 1974 to provide civil liability for lenders who violate certain disclosure requirements and to establish procedures for investigations, injunctions, and prosecution of offenses under such Act.

Bill· SS. 2637 (95th)referred

Housing and Community Development Amendments

United States · United States Congress · 2 March 1978

Title I: Community and Neighborhood Development and Conservation - Amends the Housing Act of 1964 to extend the rehabilitation loan program through fiscal year 1979. Amends the Housing and Community Development Act of 1974 to extend the Urban Homesteading program through fiscal year 1980. Changes the requirements for application and eligibility for assistance under the community Development Block Grant program. Title II: Housing Assistance Programs - Authorizes the Secretary of Housing and Urban Development to make, and contract to make, assistance payments to owners of housing projects insured under the National Housing Act and assisted under rent supplement programs on an annual basis. Permits payments to be made only if such payments are necessary to restore or maintain the economic soundness of the project and to maintain its low- to moderate-income character. Amends the Housing Act of 1959 to set aside a specified amount of the funds appropriated for housing for the handicapped to be made available for loans for the development of rental housing and related facilities specifically designed to meet the needs of handicapped (primarily non-elderly) persons. Amends the United States Housing Act of 1937 to authorize funds to be appropriated for annual contributions for low income housing projects through fiscal year 1979. Authorizes the Secretary to make assistance payments for the upgrading of housing which involves less than substantial rehabilitations. Title III: Urban Extension Service - Establishes an Urban Extension Service within the Department of Housing and Urban Development to assist State and local entities and certain nongovernmental organizations in implementing the programs of such Department. Title IV: Program Amendments and Extensions - Amends the National Housing Act to extend specified Federal Housing Administration insurance programs including the following: (1) housing renovation and modernization; (2) general insurance authorization; (3) housing for moderate income and displaced families; (4) membership in cooperative associations for lower income families; (5) rental housing for low-income families; (6) coinsurance of mortgages; (7) experimental housing; (8) armed services housing; (9) group practice facilities and medical practice facilities; (10) new communities; and (11) crime and riot reinsurance. Permits the Secretary of Housing and Urban Development to insure, on a permanent basis, mortgages and loans with provisions for varying rates of amortization through fiscal year 1979. Extends the Emergency Home Purchase Assistance program through fiscal year 1979. Amends the Housing Act of 1954 to authorize appropriations for comprehensive planning for urban and rural development through fiscal year 1980. Calls for triennial, instead of biennial, review of the comprehensive plans developed by recipients of assistance under such Act. Amends the Housing and Urban Development Act of 1970 to authorize appropriations for research by the Department of Housing and Urban Development through fiscal year 1980. Authorizes the Secretary of such Department to conduct demonstrations to determine the feasibility of expanding home ownership opportunities in urban areas including encouraging the conversion of multifamily housing properties to cooperative or condominium ownership by individuals and families. Amends the National Flood Insurance Act of 1968 to extend the National Flood Insurance program and flood insurance studies through fiscal year 1980. Authorizes the Secretary to bid on specified properties which are not insured under the National Housing Act at foreclosure sales. Amends the National Housing Act to extend mortgage insurance to nonresident care facilities. Changes the eligibility requirements for condominium mortgage insurance under the National Housing Act. Amends the National Housing Act to authorize to be appropriated such sums as are necessary from time to time to cover the losses of the Special Risk Insurance Fund and the General Insurance Fund. Authorizes the Secretary of Housing and Urban Development to insure loans for the acquisition of fee simple titles to residential property from lessors beyond limits established by the National Housing Act, if such property is located in Hawaii. Amends the Department of Housing and Urban Development Act to authorize the establishment of more than one day care facility for the children of employees of such Department. Amends the Housing and Urban Development Act of 1969 to remove certain restrictions on the purchase or lease of surplus real property for use in providing housing for low- and moderate-income families and individuals. Amends the National Housing Act to increase: (1) the total amount of purchase authority of the Government National Mortgage Association and (2) the limits on the amounts of principal obligations of various classes of mortgages which such Association may purchase. Revises certain disclosure requirements, exemptions, and remedies applicable to the sale of real estate in a subdivision under the Interstate Land Sales Full Disclosure Act. Amends the Real Estate Settlement Procedures Act of 1974 to provide civil liability for lenders who violate certain disclosure requirements and to establish procedures for investigations, injunctions, and prosecution of offenses under such Act.

Bill· SS. 2634 (95th)referred

A bill to amend section 1004 of the Demonstration Cities and Metropolitan Development Act of 1966.

United States · United States Congress · 2 March 1978

Amends the Demonstration Cities and Metropolitan Development Act of 1966 to direct the Secretary of Housing and Urban Development to make loans and grants on the basis of need directly to Alaskan regional native housing authorities (in lieu of the State of Alaska) for the purpose of providing planning assistance, housing rehabilitation, and adequate administrative structures.

Bill· HRH.R. 11173 (95th)referred

A bill to authorize the Secretary of Housing and Urban Development to make grants to assist certain totally and permanently disabled individuals in acquiring housing units.

United States · United States Congress · 27 February 1978

Authorizes the Secretary of Housing and Urban Development to make grants in amounts not exceeding $10,000 with specified limitations to assist totally and permanently disabled individuals in acquiring housing units. Sets forth factors to be considered in determining eligibility for such grants.

Bill· HRH.R. 11172 (95th)referred

A bill to provide that only citizens and aliens lawfully admitted for permanent residence may be tenants in federally assisted housing or may receive certain other housing related benefits from the Federal Government.

United States · United States Congress · 27 February 1978

States that only citizens of the United States and aliens lawfully admitted for permanent residence are eligible: (1) to be tenants in Federally-assisted housing; (2) to receive rehabilitation loans under the Housing Act of 1964; (3) to receive home ownership assistance under the National Housing Act; and (4) to receive loans or grants for farm housing and farm buildings under the Housing Act of 1949.

Bill· SS. 2566 (95th)open

A bill to amend the Pennsylvania Avenue Development Corporation Act of 1972 to authorize appropriations and borrowings from the United States Treasury for further implementation of the development plan for Pennsylvania Avenue between the Capitol and the White House, and for other purposes.

United States · United States Congress · 23 February 1978

Revises the list of officials who are members of the Board of Directors of the Pennsylvania Avenue Development Corporation, and makes similar other revisions, to reflect the changes of titles of officials and agencies resulting from the District of Columbia Self-Government and Governmental Reorganization Act. Increases the maximum amount which the Corporation is authorized to borrow from the Treasury of the United States. Extends through fiscal year 1990 the authority of the Corporation to issue obligations. Stipulates that the Corporation, in carrying out its duties (1) shall request the Council of the District of Columbia to close any street or alley when required to implement the plan and shall receive title to such property without cost, barring the existence of a reverter to a private landowner and (2) may transfer title and jurisdiction to real property which is to be dedicated to public uses to the United States or District of Columbia. Increases and extends the appropriation authorization for the administrative expenses of the Corporation. Replaces the set dollar authorization for implementation of the development plan with an authorization for such sums as may be necessary.

Bill· HRH.R. 11121 (95th)referred

A bill to authorize the Secretary of Housing and Urban Development to enter into annual contributions contracts with respect to housing located in a certain area in Odessa, Texas.

United States · United States Congress · 23 February 1978

Authorizes the Secretary of Housing and Urban Development to enter into annual contributions contracts pursuant to the United States Housing Act of 1937 for the purpose of providing housing for low-income and elderly individuals in a specified area of Odessa, Texas.

Bill· HRH.R. 11085 (95th)referred

A bill to provide rental assistance under section 8 of the United States Housing Act of 1937 for owners of mobile homes who rent the real property on which their mobile homes are located, and for other purposes.

United States · United States Congress · 22 February 1978

Amends the United States Housing Act of 1937 to authorize the Secretary of Housing and Urban Development to make assistance payments for the purpose of aiding any lower-income family in making rental payments with respect to real property on which is located a mobile home owned by such family and utilized by such family as its principal place of residence. Amends the Housing Authorization Act of 1976 to direct the Department of Health, Education, and Welfare to disregard the value of housing assistance under any State program in determining the eligibility of, or the amount of benefits payable to, any person under Title XVI (Supplemental Security Income for the Aged, Blind, and Disabled) of the Social Security Act.

Bill· HRH.R. 10975 (95th)referred

Mortgage Assistance and Equity Recovery Act

United States · United States Congress · 15 February 1978

Mortgage Assistance and Equity Recovery Act - Amends the Home Owners' Loan Act of 1933 to authorize Federal savings and loan associations to make and invest in graduated payment mortgages and reverse annuity mortgages. Directs the Federal Home Loan Bank Board to consider consumer safeguards in adopting regulations allowing the making of and investment in such mortgages.

Bill· HRH.R. 10956 (95th)referred

Rental Assistance Reform Act

United States · United States Congress · 15 February 1978

Rental Assistance Reform Act - Amends the United States Housing Act of 1937 to permit a State, county, or municipal public housing agency to assist owners or prospective owners of rental property in the construction or substantial rehabilitation of housing for lower-income families pursuant to its annual contribution contract with the Secretary of Housing and Urban Development. Makes provisions for the relocation of persons displaced from a dwelling unit by such construction or rehabilitation. Expands the role of local public housing agencies in the administration (including eviction of tenants) and the management of dwelling units for which assistance payments are to be made. Adds specified provisions to be included in annual contribution contracts.

Bill· HRH.R. 10841 (95th)referred

A bill to provide that Federal assistance under the Federal Housing Administration will not be denied for housing solely on the basis that such housing is located in an area identified by a Federal agency as an area subject to the highest noise-level resulting from the air transportation conducted in connection with the operation of a nearby civilian or military airport, and for other purposes.

United States · United States Congress · 8 February 1978

Amends the National Housing Act to prohibit the denial of assistance under the Federal Housing Administration mortgage insurance programs solely because the housing is located in an area identified by any federal agency as an area subject to a high noise level resulting from air transportation conducted in connection with the operation of a nearby civilian or military airport.

Bill· HRH.R. 10844 (95th)referred

Rental Assistance Reform Act

United States · United States Congress · 8 February 1978

Rental Assistance Reform Act - Amends the United States Housing Act of 1937 to permit a State, county, or municipal public housing agency to assist owners or prospective owners of rental property in the construction or substantial rehabilitation of housing for lower-income families pursuant to its annual contribution contract with the Secretary of Housing and Urban Development. Makes provisions for the relocation of persons displaced from a dwelling unit by such construction or rehabilitation. Expands the role of local public housing agencies in the administration (including eviction of tenants) and the management of dwelling units for which assistance payments are to be made. Adds specified provisions to be included in annual contribution contracts.

Bill· HRH.R. 10782 (95th)referred

Urban Grant University Act

United States · United States Congress · 6 February 1978

Urban Grant University Act - Amends the Higher Education Act of 1965 to authorize appropriations for, and establish a program of grants to, urban universities for (1) development of urban-oriented educational, research, or service programs; and (2) assistance in carrying out such programs. Establishes a five year comprehensive grant to a university qualifying as an "urban grant university" and establishes criteria for such designation. Creates an Urban University Advisory Council to (1) review, along with the Commissioner of Education, "urban grant university " applications; (2) advise the Commissioner; and (3) make recommendations to the President and to the Congress.

Bill· HRH.R. 10770 (95th)referred

A bill to provide rental assistance under section 8 of the United States Housing Act of 1937 for owners of mobile homes who rent the real property on which their mobile homes are located.

United States · United States Congress · 6 February 1978

Amends the United States Housing Act of 1937 to authorize the Secretary of Housing and Urban Development to make assistance payments for the purpose of aiding any lower-income family in making rental payments with respect to real property on which is located a mobile home owned by such family and utilized by such family as its principal place of residence.

Bill· SS. 2455 (95th)referred

Home Owners Equity Act

United States · United States Congress · 30 January 1978

Home owners' Equity Act - Amends the Home Owners' Loan Act of 1933 to direct the Federal Home Loan Bank Board to adopt regulations permitting Federal savings and loan associations to offer reverse annuity mortgage loans.

Bill· HRH.R. 10602 (95th)referred

American Dream Act

United States · United States Congress · 30 January 1978

American Dream Act - Amends the Home Owners' Loan Act of 1933 to authorize Federal savings and loan associations to make and invest in graduated payment mortgages and reverse annuity mortgages. Directs the Federal Home Loan Bank Board to consider consumer safeguards in adopting regulations allowing the making of and investment in such mortgages.

Bill· HRH.R. 10591 (95th)referred

A bill to encourage home ownership by amending the Internal Revenue Code of 1954 to allow a deduction for certain contributions to an individual housing account.

United States · United States Congress · 26 January 1978

Amends the Internal Revenue Code to allow individuals an income tax deduction of up to $2,500 annually and $10,000 in a lifetime for contributions to an individual housing account. Makes such accounts tax exempt and allows distributions from such an account to be tax free if such distributions are used exclusively for the purchase of a principal residence for the distributee.

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