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Bill· HRH.R. 5244 (97th)referred
United States · United States Congress · 16 December 1981
Amends the Housing and Community Development Act of 1974 to authorize the Secretary of Housing and Urban Development to: (1) guarantee obligations issued by local governments to finance activities to alleviate problems caused by a water shortage; and (2) accept as security a repayment commitment based on a water surcharge or other financial resources of the local government.
Bill· HRH.R. 5212 (97th)referred
United States · United States Congress · 14 December 1981
Amends the National Housing Act to permit the Secretary of Housing and Urban Development to enter into contracts to provide housing assistance payments for lower income families after March 31, 1982, with respect to housing developed on land which was owned by a local government on September 30, 1981.
Bill· HRH.R. 5213 (97th)referred
United States · United States Congress · 14 December 1981
Amends the Internal Revenue Code to exclude any mortgage interest reduction payment by the Government to a corporation which owns a lower income rental housing project from such corporation's income for purposes of determining whether such corporation qualifies for tax deductions provided for a cooperative housing corporation.
Bill· HRH.R. 5150 (97th)referred
United States · United States Congress · 9 December 1981
Amends the Federal National Mortgage Association Charter Act to authorize the Secretary of Housing and Urban Development to direct the Government National Mortgage Association, during fiscal year 1982, to provide financial assistance to mortgagors by reducing the mortgage payments for certain new homes to amounts the payments would equal if the interest rates on such mortgages were 12 percent. Directs the Association to provide such assistance by: (1) purchasing and servicing mortgages; or (2) making payments to mortgagees on the principal of or interest on mortgage loans. Requires the Association to recapture the lesser of the amount of assistance provided to a mortgagor or 50 percent of the net appreciation of the assisted property whenever the property is sold or refinanced or whenever the property is no longer the mortgagor's principal place of residence. Directs the Secretary to provide that: (1) assistance is allocated among the regions of the country on the basis of each region's inventory of unsold, newly constructed homes; (2) the amount of assistance provided to any mortgagor shall not exceed $6,000; and (3) priority for assistance is given to first-time buyers who could not otherwise afford to buy and who are purchasing modest homes constructed by small homebuilders.
Resolution· HCONRESH.Con.Res. 232 (97th)referred
United States · United States Congress · 9 December 1981
Expresses the sense of Congress that Federal programs to provide lower-income housing assistance and loans for housing for elderly and handicapped families should not be terminated or reduced unless they are replaced by other programs.
Resolution· SCONRESS.Con.Res. 51 (97th)referred
United States · United States Congress · 7 December 1981
Declares that Congress reaffirms the Government's role in improving housing opportunities and social and economic conditions in distressed communities by: (1) supporting Federal efforts to meet specialized housing needs; (2) preserving the traditional roles of Federal mortgage insurance and secondary market programs; and (3) maintaining an important role for the community development block grant program and the urban development action grant program.
Bill· HRH.R. 5090 (97th)referred
United States · United States Congress · 21 November 1981
Amends the United States Housing Act of 1937 to repeal provisions limiting the number of public housing units available to families with incomes between 50 and 80 percent of the median area income.
Resolution· HRESH.Res. 284 (97th)referred
United States · United States Congress · 21 November 1981
Expresses the sense of the House of Representatives that the President and the Secretary of Housing and Urban Development should not restrict the Federal Housing Administration's mortgage insurance programs or the Government National Mortgage Association's mortgage-backed securities program below the levels authorized by Congress.
Bill· HRH.R. 5023 (97th)referred
United States · United States Congress · 18 November 1981
Amends the Housing and Community Development Act of 1974 to authorize the use of community development block grant funds for the construction of residential housing.
Bill· HRH.R. 5024 (97th)referred
United States · United States Congress · 18 November 1981
Amends the United States Housing Act of 1937 to repeal provisions limiting the number of public housing units available to families with incomes between 50 and 80 percent of the median area income. Directs the Secretary of Housing and Urban Development to establish management practices to enable each public housing agency to include families with a broad range of incomes in its housing projects in a manner which serves the needs of lower income families in the area.
Bill· HRH.R. 5026 (97th)referred
United States · United States Congress · 18 November 1981
Amends the National Housing Act to extend to American Samoa certain Federal programs providing home improvement loans and mortgage insurance.
Bill· HRH.R. 5000 (97th)referred
United States · United States Congress · 17 November 1981
Escrow Interest Act - Requires any person who holds a first lien on single-family residential real property, on stock in a residential cooperative housing corporation, or on a residential manufactured home and who requires funds to be held in escrow for purposes of paying any applicable taxes or insurance, to place such funds in an account which is insured by the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, or the National Credit Union Administration and which pays interest at a rate of not less than five and one-quarter percent.
Bill· HRH.R. 4937 (97th)referred
United States · United States Congress · 10 November 1981
Amends the United States Housing Act of 1937 to provide that occupant income limits and rents for public housing units shall be fixed by the appropriate public housing agency and approved by the Secretary of Housing and Urban Development. Limits such rents to 25 percent of the income of a very low income family or 30 percent at the income of other families. Sets minimum rents at the higher of: (1) five percent of the family's gross income; or (2) the portion of the family's welfare assistance designated for housing costs. Specifies amounts to be excluded from family income. Requires that contracts for annual contributions to low income housing projects require the appropriate public housing agency to review the family income of project occupants biennially (currently annually). Establishes the amount of monthly assistance payments to owners who provide housing for lower-income families as the difference between the maximum rent the owners may charge under terms of the assistance contract and an amount to be established by the Secretary equal to: (1) between 15 and 25 percent of the income of a very low income family; (2) 15 percent of the income of a large very low income family or lower income family with exceptional medical or other expenses; (3) 20 percent of the income of a very large lower income family; or (4) between 20 and 30 percent of the income of other families. Amends the National Housing Act to require the Secretary to conduct a biennial (currently annual) review of the income of lower income families living in projects receiving mortgage interest assistance payments. Changes the maximum rent for a unit of such a project to 25 percent of the tenant's income, and the minimum rent of a unit with metered utilities to 20 percent of the tenant's income. Directs the Secretary to make additional assistance payments if required to reduce a tenant's rental payment to 25 percent of the tenant's income. Prohibits reducing such payment below the tenant's utility costs, except in certain circumstances. Amends the Housing and Urban Development Act of 1965 to increase annual rent supplement payments for qualified lower income families to the amount by which the fair market rent of a project unit exceeds 25 percent of the tenant's income. Requires the Secretary to recertify the income of tenants of projects receiving rent supplements biennially (currently annually). Directs the Secretary to use regulations in effect on July 31, 1981, to determine rental payments under this Act.
Bill· SS. 1811 (97th)open
United States · United States Congress · 4 November 1981
Amends the Depository Institutions Deregulation and Monetary Control Act of 1980 to add the Secretary of Housing and Urban Development to the Depository Institutions Deregulation Committee.
Bill· HRH.R. 4892 (97th)referred
United States · United States Congress · 4 November 1981
Amends the Internal Revenue Code to allow an income tax deduction for contributions of cash or securities made to a savings account created or organized for the benefit of the taxpayer (or the taxpayer and spouse if married) for the exclusive purpose of purchasing the taxpayer's first principal residence. Limits the maximum annual deduction to $1,500 ($3,000 in the case of married individuals filing a joint return), with a maximum lifetime deduction of $15,000 ($30,000 in the case of married individuals filing a joint return). Provides for an annual inflation adjustment of such amounts. Sets forth the requirements for the establishment of an individual housing account. Excludes distributions from a housing account from gross income as long as they are used exclusively for the purchase of a first principal residence. Exempts interest earned on an individual housing account from income taxation. Imposes a ten percent surtax on distributions from an individual housing account which are not used for the purchase of a principal residence. Prohibits contributions to an individual housing account in excess of prescribed limits and imposes a tax on such excess contributions equal to the tax on excess contributions to an individual retirement account. Requires the trustee of an individual housing account to make such reports regarding the maintenance of the account as the Secretary of the Treasury may require. Requires the reduction of the basis of any residence acquired with funds withdrawn from an individual housing account in an amount equal to the funds withdrawn. Requires the reduction of the $125,000 one-time exclusion from gross income of the proceeds from the sale of a principal residence by a taxpayer 55 years of age or older if such residence had been purchased with distributions from an individual housing account. Limits the amount of such reduction to the amount of any such distribution excluded from gross income.
Bill· SS. 1764 (97th)open
United States · United States Congress · 22 October 1981
Amends the Internal Revenue Code to lower from 80 to 50 percent the amount of income which a cooperative housing corporation must earn from tenant-shareholders to qualify as a cooperative housing corporation. Extends the three year grace period during which the original sponsor of a cooperative housing project is treated as a tenant-shareholder.
Bill· SS. 1763 (97th)open
United States · United States Congress · 22 October 1981
Amends the Internal Revenue Code with respect to cooperative housing corporations to extend the three year grace period during which the sponsor of a cooperative housing project will be treated as a tenant-shareholder.
Bill· HRH.R. 4833 (97th)open
United States · United States Congress · 22 October 1981
Amends the Internal Revenue Code to allow an income tax exclusion for interest earned on national home ownership bonds. Defines "national home ownership bonds" as certificates of deposits issued before 1985 which are used to provide owner-financing of single family residences. Requires that such bonds have a maturity rate of five years and an investment yield not exceeding ten percent and be issued in denominations of at least $1,000. Prescribes percentage tables for determining the interest rate on such financing.
Bill· HRH.R. 4771 (97th)referred
United States · United States Congress · 15 October 1981
Amends part A (Aid to Families with Dependent Children) of title IV of the Social Security Act to permit AFDC shelter payments to be made as housing vouchers. Provides that such vouchers can be used by a recipient only as payment for shelter, shall be redeemable for cash only by the person providing shelter, and cannot exceed the portion of aid intended for shelter.
Bill· HRH.R. 4752 (97th)referred
United States · United States Congress · 15 October 1981
Individual Housing Account Act of 1981 - Amends the Internal Revenue Code to allow an individual who has never owned a principal residence an income tax credit for 20 percent of the cash contributions made during the taxable year to an individual housing account. Limits the amount of such credit to $1,000 for any taxable year and $3,000 during a lifetime. Sets forth requirements for the establishment of an individual housing account. Imposes penalties for distributions made from an individual housing account which are not used in connection with the purchase of a principal residence. Exempts interest earned on an individual housing account from income taxation. Requires the trustee of an individual hoising account to make such reports regarding the maintenance of an individual housing account as the Secretary of the Treasury may require. Prohibits contributions to an individual housing account in excess of prescribed limits and imposes a tax on such excess contributions equal to the tax on excess contributions to an individual retirement account.
Bill· HRH.R. 4744 (97th)referred
United States · United States Congress · 14 October 1981
Amends the Department of Housing and Urban Development Act to establish, within the Department, an Office of Housing for the Elderly. Lists the responsibilities of the Office which include coordinating housing programs for the elderly and representing the Assistant Secretary for Housing on matters concerning housing for the elderly. Directs the Assistant Secretary to establish an Advisory Committee on Housing for the Elderly. Requires the Secretary of Housing and Urban Development Act to submit to Congress an annual report on housing for the elderly.
Bill· HRH.R. 4737 (97th)referred
United States · United States Congress · 14 October 1981
Amends the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to remove the limitation on the cumulative amount of conventional mortgages which are more than one year old that the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association may purchase. Provides for the purchase of such mortgages from the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, and the National Credit Union Administration.
Bill· HRH.R. 4731 (97th)referred
United States · United States Congress · 13 October 1981
Authorizes the Secretary of the department in which the Coast Guard is operating to lease housing for military personnel on sea duty.
Bill· HRH.R. 4725 (97th)referred
United States · United States Congress · 7 October 1981
Declares that, after the date of the enactment of this Act, State law shall apply to the enforcement of any due-on-sale clause, or any other similar provision, contained in: (1) any mortgage which secures sums borrowed from a national bank; or (2) any promissory note which serves as evidence of sums borrowed from a national bank.
Bill· HRH.R. 4728 (97th)referred
United States · United States Congress · 7 October 1981
Amends the Federal Reserve Act to declare that the enforceability in any State of any due-on-sale clause contained in any fixed-rate real estate loan made or purchased by any national banking association shall be determined under the law of such State.
Bill· HRH.R. 4720 (97th)referred
United States · United States Congress · 7 October 1981
Amends the United States Housing Act of 1937 to authorize the Secretary of Housing and Urban Development, pursuant to applications submitted by State or local governments, to provide second mortgage loans or other assistance to owners of multifamily rental housing projects to assist in financing the construction or rehabilitation of such projects. States that such a loan shall not be amortized, but repayable with simple interest after 30 years. Sets forth conditions for making such a loan for a project, including the owner's agreement to pass on to the tenants the savings resulting from the reduction in debt service payments. Declares that the first mortgage on such a project may be Federally insured under the National Housing Act. Directs the Secretary to consider the population and market conditions of an area when allocating such assistance in order to provide adequate assistance, in areas in short supply of rental housing. Prohibits the Secretary from providing such assistance to a local government which has not demonstrated satisfactory progress in meeting its assisted housing needs. Requires the Secretary's approval of rents charged for units of assisted projects. Requires the Secretary to report to Congress on the design and workability of the program established by this Act as a housing development incentive. Authorizes appropriations.
Bill· HRH.R. 4704 (97th)open
United States · United States Congress · 6 October 1981
Amends the Internal Revenue Code to allow an income tax exclusion for interest earned on national home building bonds. Defines "national home building bonds" as certificates of deposits issued before 1985 which are used to provide owner-financing of single family residences. Requires that such bonds have a maturity rate of three years, an investment yield not exceeding ten percent, and be issued in denominations of at least $1,000. Prescribes percentage tables for determining the interest rate on such financing.
Bill· SS. 1702 (97th)open
United States · United States Congress · 5 October 1981
FHA Revitalization Act of 1981 - Title I: General Authority - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure a home loan or mortgage that has an adjustable interest rate, is required to be refinanced before the end of amortization, involves the payment of discount points to reduce the interest rate, or is otherwise currently ineligible for insurance under such Act. Prohibits the Secretary from providing such insurance to a person who has owned a dwelling within the previous three years. Increases the maximum amounts of mortgages for two, three, and four- family residences which are eligible for insurance. Title II: Five-Year Mortgages - Authorizes the Secretary to insure mortgages which mature, but are not fully amortized, in five years or less and which bear a constant rate of interest. Declares that such a mortgage may be refinanced. Permits the Secretary to insure the mortgage executed to refinance such earlier mortgage. Title III: Condominiums - Eliminates the requirement that a multifamily project must have had a federally insured mortgage or must have qualified for a Veterans Administration loan or guarantee before one of its single-family units can qualify for Federal mortgage insurance. Authorizes the Secretary to insure a blanket mortgage on a new multifamily project involving a principal obligation of an amount not exceeding 70 percent of the project's property value which includes the value of units rented by the developer for not more than five years and units owned by investors. Title IV: Mortgage Insurance for Homes on Leased Land - Authorizes the Secretary to insure the mortgage of a home on leased land where the home owner has an option to buy the land. Title V: Mortgage Insurance on Certain Homes - Authorizes the Secretary to insure a mortgage involving a principal obligation not exceeding 97 percent of the property value. Requires that a mortgage, to be eligible for insurance, be secured by a dwelling which satisfies standards prescribed under the National Manufactured Housing Construction and Safety Act of 1974 and which has a permanent foundation. Decreases to 30 years the maximum maturity period of an eligible mortgage. Title VI: Property Standards - Authorizes the Secretary to insure a loan to acquire, for the purpose of rehabilitation, a property which is 30 or more years old if it complies with local health and safety codes. Allows the borrower to refinance such loan within five years. Provides conditions for insurance of the loan to refinance.
Resolution· HRESH.Res. 239 (97th)referred
United States · United States Congress · 5 October 1981
Expresses the sense of the House of Representatives that the President, with the advice and consent of the Senate on the favorable recommendation of the Senate Committee on Banking, Housing, and Urban Affairs, should select individuals for appointment to vacancies on the Board of Governors of the Federal Reserve System in accordance with the provisions of the Federal Reserve Act so that agricultural and commercial interests, including small businesses, will no longer be underrepresented on the Board.
Resolution· HCONRESH.Con.Res. 196 (97th)referred
United States · United States Congress · 1 October 1981
Expresses the sense of Congress that the President should fill the first two vacancies on the Federal Reserve System's Board of Governors with persons having housing experience and small business experience, respectively.
Bill· HRH.R. 4617 (97th)referred
United States · United States Congress · 29 September 1981
Amends the United States Housing Act of 1937 to provide that occupant income limits and rents for public housing units shall be fixed by the appropriate public housing agency and approved by the Secretary of Housing and Urban Development. Limits such rents to 25 percent of the income of a very low income family or 30 percent at the income of other families. Sets minimum rents at the higher of: (1) five percent of the family's gross income; or (2) the portion of the family's welfare assistance designated for housing costs. Specifies amounts to be excluded from family income. Requires that contracts for annual contributions to low income housing projects require the appropriate public housing agency to review the family income of project occupants biennially (currently annually). Establishes the amount of monthly assistance payments to owners who provide housing for lower-income families as the difference between the maximum rent the owners may charge under terms of the assistance contract and an amount to be established by the Secretary equal to: (1) between 15 and 25 percent of the income of a very low income family; (2) 15 percent of the income of a large very low income family or lower income family with exceptional medical or other expenses; (3) 20 percent of the income of a very large lower income family; or (4) between 20 and 30 percent of the income of other families. Amends the National Housing Act to require the Secretary to conduct a biennial (currently annual) review of the income of lower income families living in projects receiving mortgage interest assistance payments. Changes the maximum rent for a unit of such a project to 25 percent of the tenant's income, and the minimum rent of a unit with metered utilities to 20 percent of the tenant's income. Directs the Secretary to make additional assistance payments if required to reduce a tenant's rental payment to 25 percent of the tenant's income. Prohibits reducing such payment below the tenant's utility costs, except in certain circumstances. Amends the Housing and Urban Development Act of 1965 to increase annual rent supplement payments for qualified lower income families to the amount by which the fair market rent of a project unit exceeds 25 percent of the tenant's income. Requires the Secretary to recertify the income of tenants of projects receiving rent supplements biennially (currently annually). Directs the Secretary to use regulations in effect on July 31, 1981, to determine rental payments under this Act.
Bill· SS. 1670 (97th)referred
United States · United States Congress · 28 September 1981
Equal Access to Housing Act of 1981 - Enacts into law the short title "Civil Rights Act of 1968." Entitles title VIII of the Civil Rights Act the "Equal Access to Housing Act." Revises the express policy of title VIII to provide for "equal access to" instead of "fair" housing. States that this policy does not mean assurance of housing for any particular proportion of individuals of a certain race, color, religion, sex, handicap, or national origin. Defines "aggrieved person" as a person whose bona fide attempt to buy, sell, lease, or finance a dwelling has been denied on a discriminatory basis. Adds the physically handicapped as a protected class of persons. Excludes from the meaning of "handicap" any impairment consisting of alcohol or drug abuse or which would be a threat to the property or safety of others. Defines discriminatory practices with respect to the handicapped. States that discrimination shall not include refusals to: (1) make alterations at the expense of sellers, landlord owners, or persons acting on their own behalf; (2) make modifications which would unreasonably inconvenience others; or (3) allow modifications which alter the marketability of a dwelling. Extends the housing financing discrimination prohibition to include real estate appraisers. States that it is not unlawful for appraisers to take into consideration all factors relevant to estimating fair market value, provided that such factors are not used for discriminatory purposes. Limits coverage of title VIII to actions taken with a discriminatory intent or purpose. Transfers all authority for administering title VIII from the Department of Housing and Urban Development to the Justice Department. Establishes a one-House congressional veto procedure for regulations promulgated by the Attorney General for compliance purposes. Sets forth new enforcement procedures for title VIII complaints. Permits an aggrieved person or the Attorney General on his own initiative to file a discriminatory housing practice complaint (currently, Justice Department complaints are limited to "patterns or practices" of discrimination). Requires the Attorney General to refer title VIII charges to certified State or local agencies which have jurisdiction. Prohibits the Attorney General from conditioning certification on the agency's agreement to waive its exclusive authority over housing discrimination. Requires the Attorney General to endeavor to resolve charges by conciliation. Permits the Attorney General to seek injunctive relief where preliminary investigation reveals that prompt judicial action is necessary. Continues the current authority given to private parties to seek enforcement in Federal district court. Permits the Attorney General to intervene in any such private action after personal certification that the case is of general public importance. Expresses the sense of Congress that the use of Federal magistrates should be encouraged to the maximum extent feasible to expedite litigation.
Bill· SS. 1671 (97th)open
United States · United States Congress · 28 September 1981
Amends the Internal Revenue Code to lower from 80 to 50 percent the amount of income which a cooperative housing association must earn from tenant-shareholders to qualify as a cooperative housing corporation.
Bill· SS. 1658 (97th)open
United States · United States Congress · 23 September 1981
Amends the Housing and Urban Development Act of 1970 to require the President to submit to Congress, annually, a national public investment requirements analysis. Permits the President to submit supplementary reports regarding public investment needs and policies and their relationship to urban policy.
Bill· HRH.R. 4515 (97th)reported
United States · United States Congress · 17 September 1981
Amends the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to remove the limitation on the cumulative amount of conventional mortgages which are more than one year old that the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association may purchase. Provides for the purchase of such mortgages from the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, and the National Credit Union Administration.
Resolution· SRESS.Res. 209 (97th)open
United States · United States Congress · 11 September 1981
Declares that the President of the United States, the Senate and the Senate Committee on Banking, Housing, and Urban Affairs should assure that the specific provisions of the Federal Reserve Act providing for agricultural, commercial, and broad regional representation on the Board of Governors are followed.
Bill· HRH.R. 4458 (97th)referred
United States · United States Congress · 10 September 1981
Prohibits the Secretary of Housing and Urban Development from approving an urban homestead program which authorizes the conveyance of residential property to an individual or family other than a low-or moderate-income individual or family.
Bill· HRH.R. 4432 (97th)open
United States · United States Congress · 9 September 1981
Residential Rental Housing Tax Incentive Act of 1981 - Amends the Internal Revenue Code to allow a taxpayer to elect to depreciate residential rental property under the straight line method, based on a period of 10 years, if the original use of such property begins with the taxpayer. Allows the depreciation of low-income housing using a base period of eight years. Defines "low-income housing" as a building where at least 20 percent of the dwelling units are occupied by families and individuals with low or moderate incomes and where the rent does not exceed 30 percent of the family income. Exempts residential rental property and low-income housing from amortization requirements for construction period interest and taxes. Revises rules for the depreciation of low-income housing where 20 percent or more of the housing units are rented by low or moderate incomes families. Increases the amount of low-income housing rehabilitation expenditures eligible for depreciation from $20,000 to $40,000. Eliminates the provision for recapture of depreciation for rehabilitation expenditures. Provides for a limited income tax credit equal to the amounts paid or incurred by the taxpayer for repairs and maintenance of low-income buildings.
Bill· HRH.R. 4218 (97th)open
United States · United States Congress · 21 July 1981
Amends the National Manufactured Housing Construction and Safety Standards Act of 1974 to eliminate provisions requiring the Secretary of Housing and Urban Development to consult with the Consumer Product Safety Commission and to consider State and local laws governing manufactured homes when establishing Federal standards for the protection of the health, safety, and property of manufactured housing owners and residents. Requires that such standards meet reasonable standards of protection (currently requires the highest standards of protection).
Resolution· SRESS.Res. 180 (97th)open
United States · United States Congress · 17 July 1981
Increases the limitation on expenditures for the training of the professional staff of the Committee on Banking, Housing, and Urban Affairs.
Bill· HRH.R. 4159 (97th)referred
United States · United States Congress · 15 July 1981
Directs the Secretary of Housing and Urban Development and the Secretary of Agriculture to require the installation of adequate smoke detector systems as a condition for providing mortgage guaranty insurance or other specified assistance for housing, nursing homes, intermediate care facilities, or hospitals.
Bill· HRH.R. 4156 (97th)referred
United States · United States Congress · 15 July 1981
Individual Housing Account Act of 1981 - Amends the Internal Revenue Code to allow an income tax deduction for cash contributions to a savings account created or organized for the benefit of the taxpayer (or the taxpayer and spouse if married) for the exclusive purpose of purchasing the taxpayer's first principal residence. Limits the maximum annual deduction to $2,500 ($5,000 for a married couple), with a maximum lifetime deduction of $25,000. Provides for a reduced maximum deduction in the case of individuals with income greater than $30,000. Exempts such accounts from income taxation. Excludes distributions from such account from gross income so long as they are used exclusively for the purchase of a first principal residence. Imposes a ten percent surtax on distributions from individual housing account which are not used for the purchase of a principal residence.
Resolution· HRESH.Res. 171 (97th)passed
United States · United States Congress · 8 July 1981
Sets forth the rule for the consideration of H.R. 4034 (Department of Housing and Urban Development funding).
Bill· HRH.R. 4063 (97th)referred
United States · United States Congress · 26 June 1981
Amends the Housing and Community Development Act of 1974 to delegate to the Secretary of Agriculture authority to administer Federal assistance for community development programs involving units of local government and Indian tribes outside metropolitan areas or within such an area if the Secretary of Housing and Urban Development determines that the location is rural in nature and best served by the Farmers Home Administration (nonmetropolitian areas). Requires that 20 percent of the special discretionary fund set aside for housing and community development grants by the Secretary of HUD be used by the Secretary of Agriculture for making such grants for nonmetropolitan areas. Authorizes the Secretary of Agriculture to make rural development action grants to nonmetropolitan counties (which include portions of counties outside metropolitan areas). Delegates to the Secretary of Agriculture the authority to administer specified Federal assistance programs for lower income housing in nonmetropolitan areas. Amends the Housing Act of 1959 to direct the Secretary of HUD to delegate to the Secretary of Agriculture the authority to make loans for the provision of rental or cooperative housing for elderly or handicapped families in nonmetropolitan areas. Amends the National Housing Act to delegate to the Secretary of Agriculture the authority to insure loans for home improvements and mortgages in nonmetropolitan areas. Directs the Secretary of HUD to transfer to the Secretary of Agriculture for use in rural areas and small towns 25 percent of the total authority of the HUD Secretary to contract for: (1) mortgage assistance payments for low income homeowners; and (2) mortgage interest reduction payments on behalf of owners of rental housing projects for lower income families. Authorizes appropriations.
Bill· HRH.R. 4058 (97th)referred
United States · United States Congress · 26 June 1981
Section 8 Amendments of 1981 - Title I: Full Cost Disclosure and Fair Allocation Procedures - Establishes an interagency task force composed of the Director of the Office of Management and Budget, the Secretary of the Treasury, and the Secretary of Housing and Urban Development to: (1) identify and report to Congress on the least expensive means of financing Federal rental housing assistance programs; (2) transmit to Congress a report disclosing all direct and indirect costs on a per-unit basis of providing housing under each such program; and (3) report to Congress on the Federal resources required to prevent financial losses in connection with, and to maintain housing projects currently assisted under, such programs. Prohibits the issuance of additional reservations of assistance under any such programs until such reports are submitted to Congress. Amends the United States Housing Act of 1937 to prohibit the Secretary from reserving more than 30 percent of the total amount of budget authority provided for a fiscal year for lower-income housing assistance during the last quarter of that year, or more than 15 percent of such amount during any month in that quarter. Declares that contract authority for such assistance which is not reserved shall expire at the end of the fiscal year, and contract authority which is reserved shall expire if the reservation is terminated. Prohibits the Secretary from withholding contract authority involving new construction from allocation for discretionary use in a fiscal year. Title II: Targeting Benefits - Amends the United States Housing Act of 1937 to change the family income requirement for eligibility for lower-income housing assistance from an income not exceeding 80 percent of the median area income to an income not exceeding 50 percent of such median income. Directs the Secretary to rescind a regulation requiring the owner of a federally-assisted housing unit to attempt to select tenant families so that the average family income is at least 40 percent of the median area income. Permits the Secretary to give preference to applications for assistance for a portion of the units in a project only if that project does not receive other forms of Federal assistance. Prohibits a family which is not a very low-income family from occupying an assisted unit built or rehabilitated for occupancy by a very low-income family. Prohibits the Secretary from providing housing assistance for the benefit of any illegal alien. Directs the Secretary to: (1) determine the number of assisted housing projects owned by developers with five-year contributions contracts who will not renew their contracts; and (2) notify the tenants of such projects of possible rent increases and evictions upon the expiration of such contracts. Requires owners of projects under contributions contracts to notify tenants six months before increasing the rent upon the expiration of such a contract. Title III: Modest, Low-Cost Housing - Amends the United States Housing Act of 1937 to direct the Secretary: (1) to assure that newly constructed housing to receive lower-income housing assistance is modest in design; (2) to give a priority to entering contributions contracts with housing projects located on specific tracts of land provided by State or local governments; and (3) to give cost considerations a 33 1/3 percent weighted average when reviewing proposals for housing assistance. Prohibits the Secretary from providing assistance payments for unoccupied units for more than 30 days. Exempts projects receiving lower-income housing assistance under such Act from provisions requiring the payment of prevailing rate wages to contract employees involved in the development or operation of such projects. Requires the Secretary to limit increases in contract rents to the amount of certified cost increases incurred by the project owner. Title IV: Fair Tenant Contributions to Rent - Amends the United States Housing Act of 1937 to redefine "income" for purposes of determining a family's eligibility for assisted housing and a family's contribution to rent for assisted housing. Includes as income: (1) social security benefits; (2) food stamps; (3) ACTION stipends; and (4) assets the family sells or gives away to qualify for housing assistance. Excludes the income of any family member who is a full-time student or under 18 years of age. Establishes a minimum rent of $50 to be paid by tenants of federally-assisted housing units ($100 for units of a newly constructed or substantially rehabilitated project). Title V: Increasing State and Local Participation and Responsibilities - Amends the Housing and Community Development Act of 1974 to prohibit the Secretary from approving an application for lower-income housing assistance under the United States Housing Act of 1937 if the local government involved objects. Prohibits the Secretary from providing such assistance in areas where rent controls are imposed on newly constructed multifamily residential property. Directs the Secretary to assure that no State or local official profits by participating in a federally-assisted housing program. Title VI: Fraud and Management Control - Permits public housing agencies to retain the greater of 100 percent of their legal expenses or 50 percent of the amount collected out of judgments obtained in recovering lower-income housing assistance wrongfully paid because of fraud or abuse. Directs the Secretary to report to Congress annually on the cases brought to public housing agencies for prosecution or civil action.
Law· HRH.R. 4034 (97th)enacted
United States · United States Congress · 25 June 1981
Department of Housing and Urban Development - Independent Agencies Appropriation Act, 1982 - Title I: Department of Housing and Urban Development - Makes appropriations to the Department of Housing and Urban Development (HUD) for fiscal year 1982 for: (1) housing programs, including programs providing for housing payments, low-income housing projects, the troubled projects operating subsidy, housing counseling assistance, the Special Risk Insurance Fund, and the General Insurance Fund; (2) the Government National Mortgage Association (GNMA) for participation sales insufficiencies; (3) the Solar Energy and Energy Conservation Bank for solar and conservation improvements assistance; (4) community development grants and urban development action grants; (5) the New Community Development Corporation for the New Communities Fund; (6) research and technology; (7) fair housing assistance; and (8) salaries and expenses (including transfer of funds) and the working capital fund. Increases the aggregate amount authorized for contracts for annual contributions for assisted housing. Rescinds a specified portion of the funds appropriated for rent supplements. Authorizes obligations on the part of: (1) the Housing for the Elderly or Handicapped Fund; (2) loans for low-rent public housing; (3) nonprofit sponsor assistance; (4) the GNMA Special Assistance Functions Fund for emergency mortgage purchase assistance and guarantees of mortgage-backed securities; (5) the rehabilitation loan fund; and (6) urban renewal programs. Establishes limitations on: (1) additional Federal Housing Administration mortgage insurance commitments and nonprofit profit assistance; (2) GNMA mortgage purchase authority and commitments for guarantees for mortgage-backed securities; and (3) the Secretary's authority to guarantee loans for the acquisition and rehabilitation of real property during fiscal year 1982. Title II: Independent Agencies - Makes appropriations for fiscal year 1982 to the: (1) American Battle Monuments Commission for salaries and expenses; (2) Consumer Product Safety Commission for salaries and expenses; (3) Department of Defense-Civil for Army cemetery expenses; (4) Environmental Protection Agency (EPA) for salaries and expenses, research and development, abatement, control and compliance activities, buildings and facilities, the Hazardous Substance Response Trust Fund, and necessary expenses to carry out the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, and construction grants; (5) Executive Office of the President for the Council on Environmental Quality, Office of Environmental Quality, and Office of Science and Technology Policy; (6) Federal Emergency Management Agency (FEMA) for disaster relief, salaries and expenses, State and local assistance, emergency planning and assistance, and the National Flood Insurance Fund; (7) General Services Administration for the Consumer Information Center; (8) Department of Health and Human Services for the Office of Consumer Affairs; (9) National Aeronautics and Space Administration for research and development, the operation of specified NASA programs, the construction of facilities and research and program management; (10) National Consumer Cooperative Bank for self-help development; (11) National Credit Union Administration for the Central Liquidity Facility; (12) National Institute of Building Sciences for salaries and expenses; (13) National Science Foundation for research, scientific education, and overseas scientific activities (special foreign currency program); (14) Neighborhood Reinvestment Corporation; (15) Selective Service System for salaries and expenses; (16) Department of the Treasury for the State and Local Government Fiscal Assistance Trust Fund, the Office of Revenue Sharing expenses, the New York City loan guarantee program and the National Consumer Cooperative Bank investment; and (17) Veterans' Administration for compensation and pensions, readjustment benefits, veterans insurance and indemnities, medical care, medical and prosthetic research, medical administration and miscellaneous expenses, general operating expenses, construction of major and minor projects, and State extended care facilities construction. Disapproves a specified amount of the proposed budget deferral, D81-98, relating to the construction of major projects of the Veterans Administration. Authorizes obligations on the part of the Loan Guaranty Revolving Fund, Direct Loan Revolving Fund, Service-Disabled Veterans Insurance Fund, Veterans Reopened Insurance Fund, Education Loan Fund, Vocational Rehabilitiation Revolving Fund, National Service Life Insurance Fund, U.S. Government Life Insurance Fund, and Veterans Special Life Insurance Fund. Permits, in specified circumstances, the transfer of funds appropriated to the Veterans' Administration. Limits the use of appropriations for purchasing any site or constructing any new hospital or home. Requires reimbursement if any persons, other than eligible beneficiaries, are hospitalized or examined at veterans' facilities. Title III: Corporations - Authorizes the corporations and agencies of HUD and the Federal Home Loan Bank Board to make commitments without regard to fiscal year limitations unless otherwise limited. Limits new loan or mortgage purchase commitments to the extent expressly provided in this Act, with specified exceptions. Makes appropriations for fiscal year 1982 to the Federal Home Loan Bank Board for administrative expenses of the Board and the Federal Savings Loan Insurance Corporation (FSLIC). Sets specified limitations on such expenses. Authorizes necessary obligations on the part of the FSLIC Fund. Title IV: General Provisions - Limits travel expense expenditures for the agencies listed in this Act to the amounts set forth in the budget estimate, with specified exceptions. Permits the use of HUD and Selective Service System appropriations for: (1) uniforms; (2) the hire of passenger vehicles; and (3) the employment of experts and consultants. Allows the use of HUD funds to pay for legal services and services and facilities provided by specified agencies. Prohibits, with specified exceptions, the use of appropriated funds: (1) beyond the current fiscal year; (2) without a voucher describing the payees and services or specific statutory authorizations; (3) for transportation between the domicile and place of employment of any officer or employee; (4) for payments to recipients that do not share in the cost of conducting research not specifically solicited by the Government; (5) for consultants paid in excess of the GS-18 rate; (6) for compensation of non-Federal parties intervening in regulatory or adjudicatory proceedings; (7)for any activity in excess of amounts set forth in the budget estimates, without the approval of the Committees on Appropriations; and (8) for the payment of overtime for positions classified at a level higher than GS-9 in the general schedule. Prohibits the use of funds appropriated for personnel compensation and benefits for other object classifications in the budget estimates without congressional approval. Limits expenditures for consulting services to contracts which are a matter of public record and included in a publicly available list of: (1) contracts entered into within the past two years; and (2) contracts on which performance has not been completed. Prohibits any executive agency from expending appropriations under this Act for contract for services unless the agency: (1) complies with the Office of Procurement Policy Act; and (2) requires reports prepared pursuant to such contract to disclose information about the contract and the contractor.
Bill· HRH.R. 3969 (97th)referred
United States · United States Congress · 18 June 1981
Prohibits the United States Postal Service from initiating centralized neighborhood delivery for persons in housing developments in any city delivery area without providing prior notification to public officials of such area and requesting such officials to notify affected residents. Requires the Postal Service to revert to door delivery service for any such area in which centralized or collection box delivery was instituted without prior notification on or after January 1, 1978.
Bill· HRH.R. 3956 (97th)referred
United States · United States Congress · 17 June 1981
Amends the Housing and Community Development Amendments of 1978 to require the Secretary of Housing and Urban Development, before approving or disapproving rent increases for certain federally-assisted housing projects, to consider whether the mortgagor could control increases in utility costs by securing more favorable utility rates or by taking cost-effective actions to reduce energy consumption. Authorizes the Secretary: (1) to adjust the proposed rent increase upon determining the mortgagor could exercise such control; and (2) to provide financial assistance to a mortgagor to upgrade the project to satisfy energy efficiency standards prescribed by the Secretary.
Bill· HRH.R. 3888 (97th)referred
United States · United States Congress · 11 June 1981
Amends the National Manufactured Housing Construction and Safety Standards Act of 1974 to eliminate provisions requiring the Secretary of Housing and Urban Development to consult with the Consumer Product Safety Commission and to consider State and local laws governing manufactured homes when establishing Federal standards for the protection of the health, safety, and property of manufactured housing owners and residents. Requires that such standards meet reasonable standards of protection (currently requires the highest standards of protection).
Bill· HRH.R. 3840 (97th)referred
United States · United States Congress · 8 June 1981
Residential Rental Unit Conversion Moratorium Act of 1981: For Tenant Protection and for the Preservation of Rental Housing - Title I: Two-Year Moratorium - Prohibits the use of federally related mortgage loans, any other form of Federal assistance, any means or instrument of transportation or communication in interstate commerce, or the U.S. mails for the conversion of residential rental units to units offered for sale or for the purchase of such a converted unit during the next two years, unless such units are to be converted for purchase pursuant to an offer by a bonafide tenants' organization. Title II: Presidential Commission - Directs the President to establish a Commission on Problems Relating to the Conversion of Residential Rental Units. Requires the Commission to report its findings and recommendations to Congress.