Housing

A bill to remove certain limitations on the mortgage loan purchase authority of the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association.

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.

Begrüßung des Ministers für Wohnungsbau und Städteplanung der Vereinigten Staaten von Amerika, Samuel R. Pierce (G-SIG: 09000833)

Germany · German Bundestag · 16 September 1981

A resolution expressing the sense of the Senate that the President of the United States, the United States Senate, and the Senate Committee on Banking, Housing, and Urban Affairs should pay careful deference to the specific provisions of the Federal Reserve Act, requiring broad regional and economic representation on the Board of Governors of the Federal Reserve System, in their consideration of nominees to the Board.

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.

Kosten-Nutzen-"Steuerrechnung" für im Jahr 1980 neuerbaute Wohnungen; Umsatz 1980 pro Beschäftigtem im Wohnungsbau (G-SIG: 09043225)

Germany · German Bundestag · 11 September 1981

A bill to restrict the urban homesteading program to families with low- or moderate-incomes.

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.

Residential Rental Housing Tax Incentive Act of 1981

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.

Mieterhöhungen im sozialen Wohnungsbau (G-SIG: 09042858)

Germany · German Bundestag · 31 July 1981

Nutzung von Bergbauhalden für den Wohnungsbau in Essen (G-SIG: 09042863)

Germany · German Bundestag · 31 July 1981

A bill to amend the National Manufactured Housing Construction and Safety Standards Act of 1974.

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).

An original resolution to increase the limitation on expenditures by the Committee on Banking, Housing and Urban Affairs for the training of professional staff.

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.

A bill to require the installation of adequate smoke detector systems as a condition of participating in certain Federal programs providing financial assistance for housing, nursing homes, intermediate care facilities, and hospitals.

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.

Individual Housing Account Act of 1981

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.

A resolution waiving certain points of order against the bill (H.R. 4034) making appropriations for the Department of Housing and Urban Development, and for sundry independent agencies, boards, commissions, corporations, and offices for the fiscal year ending September 30, 1982, and for other purposes.

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).

A bill to provide that Federal housing and community development programs will be administered by the Secretary of Agriculture in nonmetropolitan areas, and for other purposes.

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.

Section 8 Amendments of 1981

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.

Investitionsanreize durch Anhebung der Abschreibungssätze für den freifinanzierten Wohnungsbau (G-SIG: 09042547)

Germany · German Bundestag · 26 June 1981

Department of Housing and Urban Development-Independent Agencies Appropriation Act, 1982

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.

A bill to require the Postal Service to provide door delivery of mail to individuals residing in residential housing developments in city delivery areas unless the Postal Service has notified appropriate officials of the community in which the housing development is located of its intention to provide centralized neighborhood delivery or collection box delivery of mail to that area.

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.

A bill to amend section 201 of the Housing and Community Development Amendments of 1978 for the purpose of encouraging efforts relating to energy efficiency.

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.

A bill to amend the National Manufactured Housing Construction and Safety Standards Act of 1974.

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).

Wiederbelebung des Genossenschaftsgedankens im Wohnungsbau (G-SIG: 09042306)

Germany · German Bundestag · 11 June 1981

Residential Rental Unit Conversion Moratorium Act of 1981: For Tenant Protection and for the Reservation of Rental Housing

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.

Condominium Cooperative Conversion Tax Adjustment Act of 1981

United States · United States Congress · 8 June 1981

Condominium-Cooperative Conversion Tax Adjustment Act of 1981 - Amends the Internal Revenue Code to treat gain from the sale or exchange of residential rental property as ordinary income (rather than capital gains) if such property is converted into a condominium or cooperative within three years of the date of such sale or exchange. Treats such gain as capital gain if the sale of the residential rental property is made to a tenants association which represents more than 50 percent of the households residing in the rental property prior to the sale or exchange. Requires tenant-stockholders of cooperative housing corporations to reside in the cooperatives in which they own shares in order to qualify for preferential tax treatment. Disallows any amounts of income tax deductions related to the rental of a condominium or cooperative which exceed the gross income of the taxpayer. Requires 100 percent recapture of depreciation on condominium and cooperative rental units which are rented for more than half of the period in which they are owned.

A bill to amend the Internal Revenue Code of 1954 to allow a deduction for contributions for the construction or maintenance of buildings housing fraternal organizations.

United States · United States Congress · 4 June 1981

Amends the Internal Revenue Code to allow an income, estate, and gift tax deduction for contributions for the construction or maintenance of buildings which house fraternal organizations.

Charles L. Dempsey, of Virginia, to be Inspector General, Department of Housing and Urban Development. (Reappointment)

United States · United States Senate · 27 May 1981

Judith L. Tardy, of Virginia, to be an Assistant Secretary of Housing and Urban Development, vice William Antonio Medina, resigned.

United States · United States Senate · 22 May 1981

Housing and Community Development Amendments of 1981

United States · United States Congress · 15 May 1981

Housing and Community Development Amendments of 1981 - Title I: Community and Economic Development - Amends the Housing and Community Development Act of 1974 to authorize combined appropriations for block grants for community development activities and urban development action grants for fiscal years 1982 and 1983. Eliminates application requirements for block grants to metropolitan cities and urban counties. Directs any such city or county (entitlement community) and any State or local government seeking a grant to submit to the Secretary of Housing and Urban Development: (1) a final statement of community development objectives and the projected use of funds; and (2) certifications that the grant will be administered in accordance with the Civil Rights Acts of 1964 and 1968, and that the projected use of funds gives priority to activities to benefit low and moderate income families or to prevent blight. Directs grantees to: (1) furnish information to the public concerning the amount of funds available for proposed community development and housing activities; (2) publish proposed grant statements for public comment; (3) to hold public hearings on community development and housing needs; and (4) to make the final Statement available to the public. Permits grants to be made to an entitlement community only if such community certifies that it is following a current housing assistance plan approved by the Secretary. Requires grantees (entitlement communities and States) to submit performance reports. Directs the Secretary to review the performance of grantees annually to determine: (1) whether each entitlement community has carried out its activities, housing assistance plan, and certifications in a timely manner; and (2) whether each State grantee has distributed funds to local governments in a timely manner and conducted appropriate reviews of the performance of such local governments. Authorizes the Secretary to adjust, reduce, or withdraw grants on the basis of such reviews. Directs State grantees to perform actions of the Secretary concerning the release of funds to units of local government to carry out the purposes of the National Environmental Policy Act of 1974. Provides grantees authority to receive grant payments in one lump sum to establish a revolving fund in a private institution to finance rehabilitation activities. Eliminates certain restrictions on the use of block grant funds for the provision of public services not provided by a local government within the last 12 months. Authorizes the use of such funds for the provision of assistance to private, for-profit entities to carry out an economic development project. Limits to ten percent the amount of any grant which may be used fo public service activities. Permits the Secretary to waive such limitation. Revises the formula for the allocation of funds appropriated for community development block grants. Allocates 70 percent of such funds to entitlement communities and 30 percent of such funds to States for nonentitlement areas. Requires the reallocation of funds which are not received by an entitlement community for a fiscal year or which become available as a result of an adjustment of grant amounts following reviews according to the existing dual formula. Requires that the funds allocated to States be distributed to nonentitlement areas: (1) by the State according to its final statement projecting the use of such funds; or (2) by the Secretary if the State elects not to distribute such funds, if the State's performance evaluation warrants such action, or if the State Governor fails to certify that the State: (a) plans for community development activities; (b) provides technical assistance to local governments for such activities; (c) provides State funds for such activities equal to ten percent of the Federal funds allocated; and (d) consults with local officials concerning such distribution. Reduces the total amount of appropriations which may be set aside for the Secretary's special discretionary fund for fiscal years 1982 and 1983. Eliminates uses of the fund for making grants for: (1) areawide community development programs; (2) disaster assistance; and (3) correcting inequities resulting from the block grant allocation formula. Prohibits age discrimination under any program or activity funded under the Housing and Community Development Act of 1974. Reduces the amount of appropriations authorized for urban development action grants for fiscal years 1982 and 1983. Modifies the contents of grant applications to eliminate requirements for: (1) documentation of results in providing housing for persons of low and moderate income and in providing housing and employment for minorities; (2) an urban development action plan consistent with the community development program, the housing assistance plan, and the overall economic development plan of the area; and (3) preparation of a citizen participation plan and publication of information on fund availability and eligible activities. Revises grant selection criteria to include: (1) the extent to which the grant will stimulate economic recovery by leveraging private investments; (2) the number of jobs to be created; and (3) the extent to which State or local government funding has been committed. Eliminates a requirement that the Secretary allocate such grants equally among programs to restore deteriorated neighborhoods, to reclaim real property for industrial purposes, and to renew commercial employment centers. Directs the Secretary to assure that the amount of any grant is the least necessary to make the project feasible. Permits rehabilitation loans to be made only for urban homesteading programs or multifamily properties after October 1, 1981. Terminates authority for such loans on October 1, 1983. Authorizes appropriations for fiscal year 1983 to carry out the urban homesteading program. Repeals the Neighborhood Self-Help Development Act of 1978. Amends the Housing Act of 1954 to repeal provisions concerning comprehensive planning grants. Directs the Secretary to report to Congress on steps to be taken to: (1) target block grant funds on the cities most urgent revitalization needs; (2) develop income eligibility requirements for recipients of block grant supported rehabilitation; and (3) limit rehabilitation work to essential work needed to restore decent, safe, and sanitary or energy-efficient conditions. Title II: Housing Assistance Programs - Increases the Secretary's annual contributions contract authority for low-income housing projects for fiscal years 1982 and 1983 and the corresponding budget authority. Requires the Secretary to allocate a specific portion of the additional contract authority for fiscal years 1982 and 1983 for public housing modernization. Restricts the allocation of the remaining contract authority between existing and newly constructed or substantially rehabilitated units. Prohibits the Secretary from reserving more than 30 percent of the total annual budget authority for the last quarter of a fiscal year or more than 15 percent for any month of the last quarter. Authorizes appropriations for fiscal years 1982 and 1983 for operating subsidies for public housing projects. Prohibits the Secretary from withholding new construction authority from allocation for discretionary use in a fiscal year. Authorizes appropriations for operating assistance for troubled multi-family housing projects for fiscal years 1982 and 1983. Extends through fiscal year 1983 the Secretary's authority to use amounts in the rental housing assistance fund for such projects. Increases the mortgage purchase authority of the Government National Mortgage Association for fiscal year 1982. Limits the amount available to purchase mortgages of projects containing no federally-assisted units. Increases the amount the Secretary may borrow from the U.S. Treasury to finance the loan program for housing for the elderly or handicapped for fiscal years 1982 and 1983. Amends the United States Housing Act of 1937 and the National Housing Act to establish the rent for housing units assisted under such Acts at the highest of: (1) 30 percent of the family's monthly adjusted income; (2) ten percent of the family's monthly income; or (3) the portion of any welfare assistance designated for the family's housing costs. Redefines the term "lower income families" to exclude families whose incomes exceed 50 percent of the median area income. Includes as income the value of any asset a family member disposed of within the preceding 24 months to qualify for housing assistance. Requires the Secretary to review annually (currently biennially) the incomes of families living in public housing projects and rental housing projects designed for lower income families. 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 the rent established for tenants of assisted units. Amends the Housing and Urban Development Act of 1965 to establish the rent supplement for units provided for lower-income tenants at the lesser of: (1) 70 percent of the fair: market rent; or (2) the amount by which the fair market rent exceeds 30 percent (currently 25 percent) of the tenant's adjusted income. Provides for the delayed application of such revised supplement where immediate application of such revised supplement would violate existing leases or cause extraordinary hardship. Amends the United States Housing Act of 1937 to require the Secretary to: (1) assure that newly constructed housing to receive lower-income housing assistance is modest in design; (2) limit increases in contract rents for such housing units to the operating cost increases incurred by owners of comparable projects in the area; (3) give cost considerations a 33 1/3 percent weighted average when reviewing proposals for housing assistance; and (4) give priority to entering contributions contracts with housing projects located on specific tracts of land provided by State or local governments, if affording such priority will be cost-effective. Prohibits the Secretary from: (1) providing assistance payments for unoccupied units for more than 30 days; (2) entering into a contributions contract for a newly constructed project if the sizes of the project units exceed the minimum property standards by more than ten percent or the local standards; or (3) denying assistance to projects because project units do not contain bathroom or kitchen facilities. Directs the Secretary to assure that at least 25 percent of the newly constructed or substantially rehabilitated units for the elderly or handicapped to which Federal housing assistance is provided after October 1, 1981, are efficiencies. Requires the Secretary to rescind a regulation requiring owners of federally- assisted housing projects to attempt to select tenant families so that the average family income is at least 40 percent of the median area income. Permits providing lower-income housing assistance to promote mixed income housing only when such assistance aids lower income families in obtaining a decent place to live. Prohibits the owner of an assisted project from renting any project unit to a tenant who is not eligible for assistance unless the satisfactory number of units are occupied by eligible tenants. 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. Eliminates a requirement that public housing agencies select tenants with a broad range of incomes. Prohibits the Secretary from entering into a contract to provide lower-income housing assistance to a project in an area imposing rent controls. Requires the owner of a project receiving such assistance to notify tenants at least six months before increasing the rent after expiration of the assistance contract. 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; (2) notify the tenants of such projects of possible rent increases upon the expiration of such contracts; and (3) report to Congress on ways of recapturing the Government's investment in such projects. Directs the Secretary to assure that no State or local official profits by participating in a federally-assisted housing program. 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. Eliminates provisions authorizing only the public housing agency to evict a tenant in an assisted unit. Declares that the tenant's rights shall be determined by the lease and applicable State and local law. Authorizes the Secretary to utilize additional budget authority provided for contributions contracts under the United States Housing Act of 1937 for rent supplements under the Housing and Urban Development Act of 1965. Amends the Housing and Community Development Amendments of 1978 to direct the Secretary to dispose of multifamily housing projects owned by the Secretary to tenant-owned cooperatives. Amends the National Housing Act to eliminate the requirement that the Secretary recapture assistance provided to a homeowner when the homeowner fails to make mortgage payments for 90 days or move. Prohibits the Secretary from providing Federal housing assistance for the benefit of any illegal alien. Directs the Secretary to develop and implement a revised fee schedule for development managers of lower income housing projects. 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 report to Congress on: (1) the least expensive means of financing Federal rental housing assistance programs; (2) the direct and indirect costs on a per-unit basis of providing housing under each such program; and (3) the Federal resources required to prevent financial losses in connection with, and to maintain housing projects currently assisted under such programs. Directs the Secretary to: (1) review the administration of the subsidy program for the operation of low-income housing projects; (2) report to Congress recommendations for new subsidy formulas containing incentives for good management; and (3) report to Congress on the feasibility of implementing a computer system to be utilized by public housing agencies to comply with reporting requirements. Title III: Program Amendments and Extensions - Amends the National Housing Act to extend the Secretary's authority to insure loans for mortgages and home improvement. Extends the Secretary's authority to establish the maximum interest rates for certain mortgage insurance programs. Amends the Housing and Urban Development Act of 1970 to authorize appropriations for research for the Department of Housing and Urban Development in fiscal years 1982 and 1983. Amends the National Housing Act to increase the amount of funds authorized to be appropriated to cover losses sustained by the General Insurance Fund. Increases the maximum amounts of property improvement loans eligible for Federal insurance with respect to existing single family structures or manufactured homes, apartment buildings or dwellings for two or more families, and historic structures. Provides for higher loans where financing of a solar energy system is involved. Increases maximum loan amounts for financing the purchase of single and multi-module manufactured homes and lots for such homes. Permits the Secretary to increase such amounts by a specified sum when necessary to meet higher area costs. Eliminates the distinction between an undeveloped and a developed lot. Increases the maximum loan terms for: (1) property improvement loans where installation of a solar energy system is involved; (2) loans to purchase single-module manufactured homes; and (3) historic preservation loans. Increases the maximum loan amount which the Secretary may insure in connection with a manufactured home park. Amends the Housing and Urban Development Act of 1968 to authorize the Secretary to provide low and moderate income tenants with default and delinquency counseling. Amends the National Flood Insurance Act of 1968 to authorize appropriations for various insurance studies during fiscal years 1982 and 1983, and to repeal erosion insurance coverage for the collapse or subsidence of land along a lake caused by waves or currents exceeding anticipated cyclical levels. Amends the National Housing Act to extend the Secretary's authority to provide riot insurance and to repeal erosion insurance coverage for the collapse or subsidence of land along a lake caused by waves or currents exceeding anticipated cyclical levels. Amends the National Housing Act to extend the Secretary's authority to provide riot insurance and to repeal the Secretary's authority to provide crime insurance. Amends the Housing and Community Development Amendments of 1978 to authorize appropriations for the Neighborhood Reinvestment Corporation for fiscal years 1982 and 1983. Amends the Housing and Community Development Act of 1975 to direct the President to appoint two of the members of the Board of Directors of the National Institute of Building Sciences selected each year, and to extend the authorization for the Institute through fiscal year 1987. Authorizes the Secretary to develop a model manufactured housing zoning code for use by local authorities, and a demonstration program utilizing lower cost building technology for projects located on vacant inner-city land. Directs the Secretary to publish a complete edition of the basic laws and authorities relating to housing and community development reflecting changes caused by this Act, and to publish revised editions as necessary. Amends the National Consumer Cooperative Bank Act to terminate the authority of the Bank to make new commitments for loans or guarantees and to issue obligations. Directs the Bank to deposit amounts received as loan repayments into the U.S. Treasury. Provides that any housing cooperative existing on March 21, 1980, is eligible for a bank loan regardless of voting control requirements. Prohibits the Secretary from obligating or expending $5,552,000,000 of budget authority provided for fiscal year 1981. Title IV: Multifamily Mortgage Foreclosure - Multifamily Mortgage Foreclosure Act of 1981 - Authorizes the Secretary to foreclose multifamily mortgages held by the Secretary encumbering real estate located in any State. Sets forth procedures for the designation of a foreclosure commissioner or commissioners by the Secretary. Designates the Secretary as a guarantor of payment of any judgment against such commissioners. Permits a foreclosure by the Secretary to commence upon the breach of a covenant or condition in the mortgage agreement for which foreclosure is authorized under such mortgage. Specifies procedures for: (1) notice of default and foreclosure sale; (2) service of such notice; (3) presale reinstatement and cancellation of foreclosure; (4) conduct of a foreclosure sale; (5) disposition of foreclosure costs and sale proceeds; (6) transfer of title and possession; and (7) recording the foreclosure and sale. Authorizes the Secretary to require, as a condition and term of sale, that the purchaser at a foreclosure sale under this Act agree to the continued operation of the security property in accordance with the appropriate loan program. Title V: Rural Housing - Amends the Housing Act of 1949 to authorize appropriations for fiscal year 1982 to the Secretary of Agriculture; (1) to insure and guarantee loans for rural housing, with certain restrictions; (2) to make loans and grants for improvements of rural housing; (3) to provide financial assistance for the provision of low-rent housing for domestic farm labor; (4) for the payment of expenditures respecting construction defects in assisted dwelling units; (5) to provide rental assistance to low and moderate income families in rural areas; and (6) for programs of mutual and self-help housing in rural areas and the Self-Help Housing Land Development Fund. Repeals the current definition of "persons of low income" for purposes of such Act. Authorizes the Secretary of Agriculture to establish income definitions. Removes the requirement that the Secretary of Agriculture provide interest credit subsidies on rural housing loans to persons of low and moderate income. Directs the Secretary of Agriculture to report to Congress concerning: (1) financing for rural housing programs; (2) workable definitions of "low income" and recommendations for contribution requirements to conform Farmers Home Administration housing assistance programs to the housing programs of the Department of Housing and Urban Development; (3) minimum levels for subsidies to assisted families; and (4) the Administration's efforts to minimize the costs of subsidized housing.

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

United States · United States Congress · 12 May 1981

Amends the Housing Act of 1949 to extend through fiscal year 1983 the authority of the Secretary of Agriculture to provide financial assistance through the Farmers Home Administration's rural housing programs at specified funding levels. Authorizes appropriations for fiscal years 1982 and 1983 for: (1) payments on notes and other obligations issued by the Secretary for the purpose of making direct loans under such programs; (2) loans and grants for the repair and improvement of rural dwellings; (3) financial assistance to provide low-rent housing for domestic farm labor; (4) advances to borrowers for tax and insurance payments; (5) expenditures respecting construction defects in recently constructed rural dwellings; (6) mutual and self-help housing programs; and (7) the Self-Help Housing Land Development Fund. Repeals provisions authorizing the Secretary to provide additional assistance toward housing expenses exceeding 25 percent of the income of persons who are unable to buy a rural dwelling after receiving interest credit subsidies. Provides for a reduction in the rent subsidies the Secretary is required to provide to owners of multifamily housing projects in rural areas by increasing the portion of a tenant's income which the tenant may pay in rent from 25 to 30 percent.

A bill to amend the Disaster Relief Act of 1974 relating to the State and local governmental share of the cost of disaster assistance, the rental of temporary housing, and to authorize funds for fiscal year 1982.

United States · United States Congress · 12 May 1981

Amends the Disaster Relief Act of 1974 to limit to 25 percent of all government assistance the State and local share of expenditures for disaster assistance. Adjusts the rental to be charged to occupants of temporary housing who require such housing as a result of a major disaster. Authorizes appropriations for fiscal year 1982 for the purposes of this Act. Authorizes the President to make grants to help repair or replace private nonprofit museums, zoos, libraries, and qualified historical facilities and physical fitness centers which were damaged or destroyed by a major disaster.

Housing and Community Development Amendments of 1981

United States · United States Congress · 12 May 1981

Housing and Community Development Amendments of 1981 - Title I: Community and Neighborhood Development and Conservation - Amends the Housing and Community Development Act of 1974 to: (1) authorize appropriations for fiscal year 1982 for grants to metropolitan areas for Community Development Programs; (2) limit the amount of commitments to guarantee notes and other obligations which the Secretary may enter into with respect to community development loan guarantees in fiscal year 1982; and (3) include activities designed to assist in the development of a comprehensive community housing and land use plan among activities that may be funded as part of a Community Development Program. Amends the Housing Act of 1964 to increase the amount of funds authorized for rehabilitation loans and to limit the amount of commitments to make such loans for fiscal year 1982. Amends the Housing Act of 1954 to reduce the funds authorized to be appropriated for fiscal year 1982 for grants for activities relating to the development of comprehensive plans for community development, employment, and conservation, and to restrict the use of such funds to carrying out the clearinghouse functions required by OMB Circular A-95. Amends the Neighborhood Self-Help Development Act of 1978 to authorize appropriations for fiscal year 1982 for grants for community development to neighborhood organizations. Amends the Neighborhood Reinvestment Cooperation Act to authorize appropriations for the Corporation for fiscal year 1982. Title II: Assisted Housing - Amends the United States Housing Act of 1937: (1) to increase, on October 1, 1981, the maximum amount of annual contributions which the Secretary of Housing and Urban Development may enter into contracts to make to low-income housing; (2) to limit the amount which may be obligated over the duration of such contracts with respect to additional authority provided after October 1, 1981; (3) to allocate such additional authority; and (4) to authorize appropriations for fiscal year 1982 for annual contributions for the operation of low-income housing projects. Amends the Housing and Community Development Amendments of 1978 to authorize fiscal year 1982 appropriations for operating assistance for troubled multifamily housing projects, with restrictions on the use of such funds for operating deficits resulting from failures to amend project contracts. Amends the National Housing Act to prohibit the approval of the appropriation of funds for such assistance after September 30, 1982. Amends the National Housing Act to: (1) authorize the Secretary to provide additional assistance payments of a specified amount per year to lower income families for acquiring home ownership or membership in a cooperative association; and (2) repeal the requirement that the Secretary recapture such assistance when the homeowner fails to make mortgage payments for 90 days. Amends the United States Housing Act of 1937 to authorize the Secretary to provide financial assistance to public housing agencies for emergency needs relating to fire-safety standards. Directs the Secretary to: (1) study and report to Congress on the extent to which low-income housing projects do not meet fire-safety standards; (2) study the utilization of an existing provision of the United States Housing Act of 1937 authorizing the Secretary to purchase a building containing assisted units and resell the building to the tenants; and (3) submit to Congress a legislative proposal for utilizing such provision to increase home ownership opportunities for lower income families. Amends the United States Housing Act of 1937 to authorize the Secretary to provide financial assistance with respect to projects in which all units do not have bathrooms or kitchens if: (1) there is a high demand for such units in the area; and (2) the local government and local public housing agency approve the use of such units. Exempts single individuals from specified qualifications with respect to eligibility for such assistance. Title III: Program Amendments and Extensions - Amends the National Housing Act to extend the authority of the Secretary to insure loans for mortgages and home improvement, to make assistance payments for emergency stimulation of the housing market, and to establish the maximum interest rates for certain mortgage insurance programs. Limits the maximum principal amount of loans and mortgages that the Secretary may insure under such Act in fiscal year 1982. Amends the Emergency Home Purchase Assistance Act of 1974 to extend the authority of the Secretary to direct the Government National Mortgage Association to purchase mortgages and securities. Amends the Housing Act of 1959 to limit the amount of loans the Secretary may make for the provision of housing for elderly or handicapped families in fiscal year 1982. Amends the Housing and Urban Development Act of 1970 to authorize appropriations for research for the Department of Housing and Urban Development in fiscal year 1982. Amends the National Housing Act to increase the amount of funds authorized to be appropriated to cover losses sustained by the General Insurance Fund. Amends the Federal National Mortgage Association Charter Act to: (1) increase, on October 1, 1981, the limitation on the total amount of commitments authorized for the Government National Mortgage Association; and (2) limit the aggregate principal amount of mortgages that the Association may purchase and the amount of securities issued by the Federal National Mortgage Association that the Association may guarantee during fiscal year 1982. Amends the Housing and Community Development Act of 1975 to direct the President to appoint two of the members of the Board of Directors of the National Institute of Building Sciences selected each year, and to extend the authorization for the Institute through fiscal year 1985. Amends the Energy Conservation in Existing Buildings Act of 1976 to authorize appropriations for the wetherization program for fiscal year 1982 and to require the Secretary to accept and consider applications from Indian tribal organizations for assistance under such program. Amends the National Housing Act to prohibit the Secretary from excluding any sum paid by a purchaser of a unit to a broker acting as the buyer's agent from the principal amount of a mortgage which may be insured under such Act. Amends the National Housing Act to: (1) increase the maximum amount of a Federal loan for the purchase of a manufactured home or a developed lot or rental space for such a home; (2) authorize the Secretary to increase such limit in areas where land or construction costs are high; (3) extend the maturity period for a loan for the purchase of such a home; and (4) permit the owner of a lot purchased without assistance to obtain assistance under such Act to refinance such lot. Title IV: Flood, Crime, and Riot Insurance - Amends the National Flood Insurance Act of 1968 to extend the national flood insurance program until September 30, 1982, and to authorize appropriations for various insurance studies during fiscal year 1982. Declares that the National Flood Insurance Fund shall be available only as approved in appropriation acts, except that the Funds shall be available for all purposes incident to the Government's operation of the program. Permits the Government to purchase insured property which has sustained single casualty damages or to make a low-interest loan to elevate an insured structure only if the property or structure is the principal residence of the owner. Amends the National Housing Act to extend the Secretary's authority: (1) to carry out the Federal riot insurance program and the Federal crime insurance program until September 30, 1982; and (2) to continue riot and crime insurance policies written prior to such date until September 30, 1984. Limits the appropriations authorized for such programs for fiscal year 1982. Title V: Rural Housing - Amends the Housing Act of 1949 to authorize appropriations for fiscal year 1982 to the Secretary of Agriculture: (1) to insure and guarantee loans for rural housing, with certain restrictions; (2) to make loans and grants for improvements of rural housing; (3) to provide financial assistance for the provision of low-rent housing for domestic farm labor; (4) to make grants or contracts for the development of programs to assist low-income persons in benefiting from housing programs in rural areas; (5) to insure loans to provide rental housing for persons of moderate income in rural areas; (6) for programs of mutual and self-help in rural areas; and (7) for the Self-Help Housing Land Development Fund. Extends the Secretary's authority to: (1) provide additional financial assistance to families who cannot afford a dwelling after receiving interest credit subsidies; and (2) enter into rental assistance contracts. Title VI: Multifamily Mortgage Foreclosure - Multifamily Mortgage Foreclosure Act of 1981 - Authorizes the Secretary to foreclose multifamily mortgages held by the Secretary encumbering real estate located in any State. Sets forth procedures for the designation of a foreclosure commissioner or commissioners by the Secretary. Designates the Secretary as a guarantor of payment of any judgment against such commissioners. Permits a foreclosure by the Secretary to commence upon the breach of a covenant or condition in the mortgage agreement for which foreclosure is authorized under such mortgage. Specifies procedures for: (1) notice of default and foreclosure sale; (2) service of such notice; (3) presale reinstatement and cancellation of foreclosure; (4) conduct of a foreclosure sale; (5) disposition of foreclosure costs and sale proceeds; (6) transfer of title and possessions; and (7) recording the foreclosure and sale. Authorizes the Secretary to require, as a condition and term of sale, that the purchaser at a foreclosure sale under this Act agree to the continued operation of the security property in accordance with the appropriate loan program. Title VII: Effective Date - Makes this Act effective on October 1, 1981.

A joint resolution to designate the second week in May, beginning with Mother's Day, May 10, 1981, as "Senior Center Week".

United States · United States Congress · 8 May 1981

Requests the President to designate the week beginning May 10, 1981, as "Senior Center Week."

A bill to amend the Home Owners' Loan Act of 1933 to provide that a Federal savings and loan association may not offer a mortgage with a variable interest rate to any person unless such association also offers such person a mortgage with a fixed interest rate.

United States · United States Congress · 7 May 1981

Amends the Home Owners' Loan Act of 1933 to require any Federal savings and loan association which offers a person a mortgage with a variable interest rate to offer such person a 25-year mortgage with an interest rate fixed at the initial rate of the variable rate mortgage.

A concurrent resolution recognizing the month of April as Fair Housing Month.

United States · United States Congress · 6 May 1981

Recognizes the month of April as Fair Housing Month.

A bill to amend the Internal Revenue Code of 1954 to provide that the requirement that mortgage subsidy bonds be used only to provide financing to new homeowners will not apply to financing provided to elderly individuals acquiring stock in certain cooperative housing corporations.

United States · United States Congress · 4 May 1981

Amends the Internal Revenue Code to exempt qualified cooperative elderly housing loans provided through the sale of tax-exempt bonds from the requirement that mortgage subsidy bonds be used only to provide financing to new homeowners.

Stephen May, of New York, to be an Assistant Secretary of Housing and Urban Development, vice Horace Dicken Cherry, resigned.

United States · United States Senate · 1 May 1981

A bill to amend the National Housing Act to extend the period of time during which the Secretary of Housing and Urban Development may provide assistance under section 235(q).

United States · United States Congress · 1 May 1981

Amends the National Housing Act to extend the authority of the Secretary of Housing and Urban Development to insure mortgages and make periodic assistance payments to mortgages on behalf of homeowners when the Secretary determines that emergency stimulation of the housing market is needed.

A bill to amend the Housing Act of 1949 to make discretionary the power of the Secretary of Agriculture to provide interest credit subsidy to low and moderate income borrowers, and for other purposes.

United States · United States Congress · 1 May 1981

Amends the Housing Act of 1949 to authorize rather than require the Secretary of Agriculture to furnish interest credits on certain loans to provide housing aid or farm improvements for elderly, handicapped, or low- and moderate-income persons and families in rural areas. Repeals a requirement that a certain percentage of such loans be provided to low-income persons or families.

A bill to amend the United States Housing Act of 1937.

United States · United States Congress · 30 April 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 shall be 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. Declares that no State or local rent control law shall apply to an assisted project during the period of the second mortgage loan. Directs the Secretary to approve 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. Prohibits the Secretary from expending appropriated funds to issue or refinance public housing agency securities to or through the Federal Financing Bank.

Residential Housing Tax Incentives Act of 1981

United States · United States Congress · 30 April 1981

Residential Housing Tax Incentives Act of 1981 - Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, interest earned on qualified housing savings certificates. Limits such exclusion to interest earned on $100,000 certificates ($200,000 if joint return is filed). Defines "qualified housing savings certificates" as investment certificates issued by regulated depository financial institutions with three or five year maturities. Specifies that the proceeds of such certificates be applied to the financing of single-family, owner-occupied residences. Prescribes limitations on the interest rate chargeable for mortgages financed with proceeds from a qualified housing savings certificate. Disqualifies families which have income more than twice the median family income for their area from receiving a mortgage financed from proceeds from a qualified housing savings certificate. Prescribes penalties for the improper use of qualified housing savings certificates.

Section 8 Amendments of 1981

United States · United States Congress · 30 April 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 into 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 Mismanagement 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.

Residential Housing Tax Incentives Act of 1981

United States · United States Congress · 30 April 1981

Residential Housing Tax Incentives Act of 1981 - Amends the Internal Revenue Code to exclude from gross income, for income tax purposes, interest earned on qualified housing savings certificates. Limits such exclusion to interest earned on $100,000 certificates ($200,000 if joint return is filed). Defines "qualified housing savings certificates" as investment certificates issued by regulated depository financial institutions with three or five year maturities. Specifies that the proceeds of such certificates be applied to the financing of single-family, owner-occupied residences. Prescribes limitations on the interest rate chargeable for mortgages financed with proceeds from a qualified housing savings certificate. Disqualifies families which have income more than twice the median family income for their area from receiving a mortgage financed from proceeds from a qualified housing savings certificate. Prescribes penalties for the improper use of qualified housing savings certificates.

A bill to provide additional transitional authority to issue mortgage subsidy bonds under the Mortgage Subsidy Bond Tax Act of 1980.

United States · United States Congress · 30 April 1981

Amends the Mortgage Subsidy Bond Tax Act of 1980 to provide additional transitional authority, with respect to the tax treatment of interest on mortgage subsidy bonds, for issues by Carbondale, Illinois.

Kürzung der Mittel für Sonderprogramme im Wohnungsbau in den Jahren 1981 und 1982 (G-SIG: 09041723)

Germany · German Bundestag · 30 April 1981

Stephen J. Bollinger, of Ohio, to be an Assistant Secretary of Housing and Urban Development, vice Robert Campbell Embry, Jr.

United States · United States Senate · 29 April 1981

A bill to amend the District of Columbia Self-Government and Governmental Reorganization Act to increase the amount authorized to be appropriated as the annual Federal payment to the District of Columbia.

United States · United States Congress · 29 April 1981

Amends the District of Columbia Self-Government and Governmental Reorganization Act to increase the amount authorized to be appropriated as the annual Federal payment to the District of Columbia.

Housing and Community Development Amendments of 1981

United States · United States Congress · 28 April 1981

Housing and Community Development Amendments of 1981 - Title I: Community and Economic Development - Amends the Housing and Community Development Act of 1974 to authorize combined appropriations for block grants for community development activities and urban development action grants for fiscal years 1982 and 1983. Eliminates application requirements for block grants to metropolitan cities and urban counties. Directs any such city or county (entitlement community) and any State seeking a grant to submit to the Secretary of Housing and Urban Development: (1) a final statement on community development objectives and the projected use of funds; and (2) certifications that the grant will be administered in accordance with the Civil Rights Acts of 1964 and 1968, and that the projected use of funds gives priority to activities to benefit low and moderate income families or to prevent blight. Directs grantees to publish proposed grant statements for public comment, and to make the final statement available to the public. Permits grants to be made to an entitlement community only if such community certifies that it is following a current housing assistance plan approved by the Secretary. Requires grantees (entitlement communities and States) to submit performance reports. Directs the Secretary to review the performance of grantees annually to determine: (1) whether each entitlement community has carried out its activities, housing assistance plan, and certifications in a timely manner; and (2) whether each State grantee has distributed funds to local governments in a timely manner and conducted appropriate reviews of the performance of such local governments. Authorizes the Secretary to adjust, reduce, or withdraw grants to local governments on the basis of such reviews. Directs State grantees to perform actions of the Secretary concerning the release of funds to units of local government to carry out the purpose of the National Environmental Policy Act of 1974. Provides grantees authority to receive grant payments in one lump sum to establish a revolving fund in a private institution to finance rehabilitation activities. Eliminates certain restrictions on the use of block grant funds for the provision of public services not provided by a local government within the last 12 months. Authorizes the use of such funds for the provision of assistance to private, for-profit entities to carry out an economic development project. Limits to ten percent the amount of any grant which may be used for public service activities. Permits the Secretary to waive such limitation. Revises the formula for the allocation of funds appropriated for community development block grants. Allocates 70 percent of such funds for entitlement communities and 30 percent of such funds to States for nonentitlement areas. Requires the reallocation of funds which are not received by an entitlement community for a fiscal year or which become available as a result of an adjustment of grant amounts following reviews according to the existing dual formula. Requires that the funds allocated to States be distributed by the States to units of local government located in nonentitlement areas according to each State's final statement projecting the use of such funds. Permits States to elect not to receive an allocation of funds for fiscal year 1982 in which case the Secretary shall administer the allocation of funds for local governments in accordance with provisions existing prior to enactment of this Act. Reduces the amounts of appropriations which may be set aside for the Secretary's discretionary fund for fiscal years 1982 and 1983. Eliminates uses of the funds for making grants for: (1) areawide community development programs; (2) disaster assistance; and (3) correcting inequities resulting from the block grant allocation formula. Reduces the amount of appropriations authorized for urban development action grants for fiscal year 1982. Modifies the contents of grant applications to eliminate requirements for: (1) documentation of results in providing housing for persons of low and moderate income and in providing housing and employment for minorities; (2) an urban development action plan consistent with the community development program, the housing assistance plan, and the overall economic development plan of the area; and (3) preparation of a citizen participation plan and publication of information on fund availability and eligible activities. Revises grant selection criteria to include: (1) the extent to which the grant will stimulate economic recovery by leveraging private investment; (2) the number of jobs to be created; and (3) the extent to which State or local government funding has been committed. Eliminates a requirement that the Secretary allocate such grants equally among programs to restore deteriorated neighborhoods, to reclaim real property for industrial purposes, and to review commercial employment centers. Directs the Secretary to assure that the amount of any grant is the least necessary to make the project feasible. Prohibits the Secretary from making any such grant unless the applicant provides assurances that its program will be conducted in conformity with the Civil Rights Acts of 1964 and 1968. Prohibits discrimination on the basis of age or with respect to a handicapped individual under any program or activity funded under the Housing and Community Development Act of 1974. Extends the deadline for submission of the Secretary's annual report to Congress on activities under such Act. Authorizes appropriations for fiscal year 1983 to carry out the urban homesteading program. Repeals: (1) the Neighborhood Self-Help Development Act of 1978; (2) provisions of the Housing Act of 1954 governing comprehensive planning grants; (3) the rehabilitation loan program under the Housing Act of 1964; and (4) the weatherization assistance program under the Energy Conservation and Production Act. Title II: Housing Assistance Programs - Increases the Secretary's annual contributions contract authority for low-income housing projects for fiscal years 1982 and 1983 and the corresponding budget authority. Requires the Secretary to allocate a specific portion of the additional contract authority for fiscal year 1982 for public housing modernization. Restricts the allocation of the remaining contract authority between existing and newly constructed or substantially rehabilitated units. Authorizes appropriations for fiscal years 1982 and 1983 for operating subsidies for public housing projects. Amends the United States Housing Act of 1937 and the National Housing Act to establish the rent for housing units assisted under such Acts at the highest of: (1) 30 percent of the family's monthly adjusted income; (2) 10 percent of the family's monthly income; or (3) the portion of any welfare assistance designated for the family's housing costs. Establishes uniform definitions for the rental assistance program of the Department of Housing and Urban Development. Redefines the term "lower income families" for purposes of the United States Housing Act of 1937 to exclude families whose incomes exceed 80 percent of the median area income. Requires that at least 30 percent (currently 20 percent) of the units available for initial occupancy in a public housing project in a fiscal year be occupied by very low income families. Requires the Secretary to review the incomes of families living in public housing projects and rental housing projects designed for lower-income families annually (currently biennially). 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 the rent established for tenants of assisted units. Amends the Housing and Urban Development Act of 1965 to establish the rent supplement for units provided for lower-income tenants at the lesser of: (1) 70 percent of the fair market rent; or (2) the amount by which the fair market rent exceeds 30 percent (currently 25 percent) of the tenant's adjusted income. Provides for delayed application of such revised supplement where immediate application would violate existing leases or cause extraordinary hardship. Amends the Housing and Community Development Amendments of 1978 to authorize appropriations for fiscal years 1982 and 1983 for operating assistance for troubled multifamily housing projects. Authorizes the Secretary to utilize additional budget authority provided for contributions contracts under the United States Housing Act of 1937 for rent supplements under the Housing and Urban Development Act of 1965. Eliminates provisions authorizing only the public housing agency to evict a tenant in an assisted unit. Declares that the tenant's rights shall be determined by the lease and applicable State and local law. Increases the mortgage purchase authority of the Government National Mortgage Association for fiscal year 1982. Authorizes the Secretary to borrow from the U.S. Treasury such sums as may be necessary to finance the loan program for housing for the elderly and handicapped for fiscal year 1983. Amends the National Housing Act to eliminate the requirement that the Secretary recapture assistance provided to a homeowner when the homeowner fails to make mortgage payments for 90 days or more. Title III: Program Amendments and Extensions - Amends the National Housing Act to extend the Secretary's authority to insure loans for mortgages and home improvement. Extends the Secretary's authority to establish the maximum interest rates for certain mortgage insurance programs. Amends the Housing and Urban Development Act of 1970 to authorize appropriations for research for the Department of Housing and Urban Development in fiscal years 1982 and 1983. Amends the National Housing Act to increase the amount of funds authorized to be appropriated to cover losses sustained by the General Insurance Funds. Increases the maximum amounts of property improvement loans eligible for Federal insurance with respect to existing single family structures or manufactured homes, apartment buildings or dwellings for two or more families, and historic structures. Provides for higher loans where financing of a solar energy system is involved. Increases maximum loan amounts for financing the purchase of single and multi-module manufactured homes and lots for such homes. Permits the Secretary to increase such amounts by a specified sum when necessary to meet higher area costs. Eliminates the distinction between an undeveloped and developed lots. Increases the maximum loan terms for: (1) property improvement loans where installation of a solar energy system is involved; (2) loans to purchase single-module manufactured homes; and (3) historic preservation loans. Increases the maximum loan amount which the Secretary may insure in connection with a manufactured home park. Amends the Housing and Urban Development Act of 1968 to authorize the Secretary to provide low and moderate income tenants with default and delinquency counseling. Title IV: Multifamily Mortgage Foreclosure - Multifamily Mortgage Foreclosure Act of 1981 - Authorizes the Secretary to foreclose on multifamily mortgages held by the Secretary encumbering real estate located in any State. Sets forth procedures for the designation of a foreclosure commission or commissioners by the Secretary. Designates the Secretary as a guarantor of payment of any judgment against such commissioners. Permits a foreclosure by the Secretary to commence upon the breach of a covenant or condition in the mortgage agreement for which foreclosure is authorized under such mortgage. Specifies procedures for: (1) notice of default and foreclosure sale; (2) service of such notice; (3) presale reinstatement and cancellation of foreclosure; (4) conduct of a foreclosure sale; (5) disposition of foreclosure costs and sale proceeds; (6) transfer of title and possessions; and (7) recording the foreclosure and sale. Authorizes the Secretary to require, as a condition and term of sale, that the purchaser at a foreclosure sale under this Act agree to the continued operation of the security property in accordance with the appropriate loan program.

A bill to amend the Internal Revenue Code of 1954 with respect to the definition of a cooperative housing corporation.

United States · United States Congress · 28 April 1981

Amends the Internal Revenue Code to lower from 80 to 50 percent the tenant-stockholder gross income definitional requirement of a cooperative housing corporation, for purposes of the tenant-stockholder income tax deduction for taxes, interest and business depreciation.

Housing and Community Development Amendments of 1981

United States · United States Congress · 27 April 1981

Housing and Community Development Amendments of 1981 - Title I: Community and Economic Development - Amends the Housing and Community Development Act of 1974 to authorize combined appropriations for block grants for community development activities and urban development action grants for fiscal year 1982 and 1983. Eliminates application requirements for block grants to metropolitan cities and urban counties. Directs any such city or county (entitlement community) and any State seeking a grant to submit to the Secretary of Housing and Urban Development: (1) a final statement on community development objectives and the projected use of funds; and (2) certifications that the grant will be administered in accordance with the Civil Rights Acts of 1964 and 1968 and that the projected use of funds gives priority to activities to benefit low and moderate income families or to prevent urban blight. Directs grantees to publish proposed grant statements for public comment, and to make the final statement available to the public. Permits grants to be made to an entitlement community only if such community certifies that it is following a current housing assistance plan approved by the Secretary. Requires grantees (entitlement communities and States) to submit performance reports. Directs the Secretary to review the performance of grantees annually to determine: (1) whether each entitlement community has carried out its activities, housing assistance plan, and certifications in a timely manner; and (2) whether each State grantee has distributed funds to local governments in a timely manner and conducted appropriate review of the performance of such local governments. Authorizes the Secretary to adjust, reduce, or withdraw grants to local governments on the basis of such reviews. Directs State grantees to perform actions of the Secretary concerning the release of funds to units of local government to carry out the purposes of the National Environmental Policy Act of 1974. Provides grantees authority to receive grant payments in one lump sum to establish a revolving fund in a private institution to finance rehabilitation activities. Eliminates certain restrictions on the use of block grant funds for the provision of public services not provided by a local government within the last 12 months. Authorizes the use of such funds for the provision of assistance to private, for-profit entities to carry out an economic development project. Limits to ten percent the amount of any grant which may be used for public service activities. Permits the Secretary to waive such limitation. Revises the formula for the allocation of funds appropriated for community development block grants. Allocates 70 percent of such funds for entitlement communities and 30 percent of such funds to States for nonentitlement areas. Requires the reallocation of funds which are not received by an entitlement community for a fiscal year or which become available as a result of an adjustment of grant amounts following reviews according to the existing dual formula. Requires that State allocations be distributed by the States to units of local government located in nonentitlement areas according to each State's final use projection. Permits States to elect not to receive an allocation for fiscal year 1982, in which case the Secretary shall administer the allocation of funds for local governments in accordance with provisions existing prior to enactment of this Act. Reduces the amounts of appropriations which may be set aside for the Secretary's discretionary fund for fiscal years 1982 and 1983. Eliminates uses of the fund for making grants for: (1) areawide community development programs; (2) disaster assistance; and (3) correcting inequities resulting from the block grant allocation formula. Reduces the amount of appropriations authorized for urban development action grants for fiscal year 1982. Modifies the contents of grant applications to eliminate requirements for: (1) documentation of results in providing housing for persons of low and moderate income and in providing housing and employment for minorities; (2) an urban development action plan consistent with the community development program, the housing assistance plan, and the overall economic development plan of the area; and (3) preparation of a citizen participation plan and publication of information on fund availability and eligible activities. Revises grant selection criteria to include: (1) the extent to which the grant will stimulate economic recovery by leveraging private investment; (2) the number of jobs to be created; and (3) the extent to which State or local government funding has been committed. Eliminates a requirement that the Secretary allocate such grants equally among programs to restore deteriorated neighborhoods, to retain real property for industrial purposes, and to renew commercial employment centers. Directs the Secretary to assure that the amount of any grant is the least necessary to make the project feasible. Prohibits the Secretary from making any such grant unless the applicant provides assurances that its program will be conducted in conformity with the Civil Rights Acts of 1964 and 1968. Prohibits discrimination on the basis of age or with respect to a handicapped individual under any program or activity funded under the Housing and Community Development Act of 1974. Extends the deadline for submission of the Secretary's annual report to Congress on activities under such Act. Authorizes appropriations for fiscal year 1983 to carry out the urban homesteading program. Repeals: (1) the Neighborhood Self-Help Development Act of 1978; (2) provisions of the Housing Act of 1954 governing comprehensive planning grants; (3) the rehabilitation loan program under the Housing Act of 1964; and (4) the weatherization assistance program under the Energy Conservation and Production Act. Title II: Housing Assistance Programs - Increases the Secretary's annual contributions contract authority for low-income housing projects for fiscal years 1982 and 1983 and the corresponding budget authority. Requires the Secretary to allocate a specific portion of the additional contract authority for fiscal year 1982 for public housing modernization. Restricts the allocation of the remaining contract authority between existing and newly constructed or substantially rehabilitated units. Authorizes appropriations for fiscal years 1982 and 1983 for operating subsidies for public housing projects. Amends the United States Housing Act of 1937 and the National Housing Act to establish the rent for housing units assisted under such Acts at the highest of: (1) 30 percent of the family's monthly adjusted income; (2) 10 percent of the family's monthly income; or (3) the portion of any welfare assistance designated for the family's housing costs. Establishes uniform definitions for rental assistance programs of the Department of Housing and Urban Development. Redefines the term "low income families" for purposes of the United States Housing Act of 1937 to exclude families whose incomes exceed 80 percent of the median area income. Requires that at least 30 percent (currently 20 percent) of the units available for initial occupancy in a public housing project in a fiscal year be occupied by very low income families. Requires the Secretary to review the incomes of families living in public housing projects and rental housing projects designed for lower-income families annually (currently biennially). 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 the rent established for tenants of assisted units. Amends the Housing and Urban Development Act of 1965 to establish the rent supplement for units provided for lower-income tenants at the lesser of: (1) 70 percent of the fair market rent; or (2) the amount by which the fair market rent exceeds 30 percent (currently 25 percent) of the tenant's adjusted income. Provides for delayed application of such revised supplement where immediate application would violate existing leases or cause extraordinary hardship. Amends the Housing and Community Development Amendments of 1978 to authorize appropriations for fiscal years 1982 and 1983 for operating assistance for troubled multifamily housing projects. Authorizes the Secretary to utilize additional budget authority provided for contributions contracts under the United States Housing Act of 1937 for rent supplements under the Housing and Urban Development Act of 1965. Eliminates provisions authorizing only the public housing agency to evict a tenant in an assisted unit. Declares that the tenant's rights shall be determined by the lease and applicable State and local law. Increases the mortgage purchase authority of the Government National Mortgage Association for fiscal year 1982. Authorizes the Secretary to borrow from the U.S. Treasury such sums as may be necessary to finance the loan program for housing for the elderly and handicapped for fiscal year 1983. Amends the National Housing Act to eliminate the requirement that the Secretary recapture assistance provided to a homeowner when the homeowner fails to make mortgage payments for 90 days or more. Title III: Program Amendments and Extensions - Amends the National Housing Act to extend the Secretary's authority to insure loans for mortgages and home improvement. Extends the Secretary's authority to establish the maximum interest rates for certain mortgage insurance programs. Limits the maximum principal amount of loans and mortgages that the Secretary may insure under such Act in fiscal year 1982. Amends the Housing and Urban Development Act of 1970 to authorize appropriations for research for the Department of Housing and Urban Development in fiscal years 1982 and 1983. Amends the National Housing Act to increase the amount of funds authorized to be appropriated to cover losses sustained by the General Insurance Fund. Increases the maximum amounts of property improvement loans eligible for Federal insurance with respect to existing single family structures or manufactured homes, apartment buildings or dwellings for two or more families, and historic structures. Provides for higher loans where financing of a solar energy system is involved. Increases maximum loan amounts for financing the purchase of single and multi-module manufactured homes and lots for such homes. Permits the Secretary to increase such amounts by a specified sum when necessary to meet higher area costs. Eliminates the distinction between an undeveloped and a developed lot. Increases the maximum loan terms for: (1) property improvement loans where installation of a solar energy system is involved; (2) loans to purchase single-module manufactured homes; and (3) historic preservation loans. Increases the maximum loan amount which the Secretary may insure in connection with a manufactured home park. Amends the Housing and Urban Development Act of 1968 to authorize the Secretary to provide low and moderate income tenants with default and delinquency counseling. Title IV: Multifamily Mortgage Foreclosure - Multifamily Mortgage Foreclosure Act of 1981 - Authorizes the Secretary to foreclose multifamily mortgages held by the Secretary encumbering real estate located in any State. Sets forth procedures for the designation of a foreclosure commissioner or commissioners by the Secretary. Designates the Secretary as a guarantor of payment of any judgment against such commissioners. Permits a foreclosure by the Secretary to commence upon the breach of a covenant or condition in the mortgage agreement for which foreclosure is authorized under such mortgage. Specifies procedures for: (1) notice of default and foreclosure sale; (2) service of such notice; (3) presale reinstatement and cancellation of foreclosure; (4) conduct of a foreclosure sale; (5) disposition of foreclosure costs and sale proceeds; (6) transfer of title and possessions; and (7) recording the foreclosure and sale. Authorizes the Secretary to require, as a condition and term of sale, that the purchaser at a foreclosure sale under this Act agree to the continued operation of the security property in accordance with the appropriate loan program.

Antonio Monroig, of Puerto Rico, to be an Assistant Secretary of Housing and Urban Development, vice Sterling Tucker, resigned.

United States · United States Senate · 22 April 1981

A bill to amend the Home Owners' Loan Act of 1933 to provide that State law shall apply to the enforcement of due-on-sale clauses by Federal savings and loan associations.

United States · United States Congress · 10 April 1981

Amends the Home Owner's Loan Act of 1933 to declare that State law shall apply to the enforcement of any due-on-sale provision of a mortgage or promissory note evidencing sums borrowed from a Federal savings and loan association.