The world's political record
Records whose title is actually about this topic. Use a country filter if the list is still too broad.
151 records in 1979
United States · United States Congress · 22 March 1979
Homeownership Opportunity Act of 1979 - Amends the National Housing Act to permit the Secretary of Housing and Urban Development to insure a graduated payment mortgage with a principal amount of up to 100 percent of the appraised value of the property involved.
United States · United States Congress · 22 March 1979
Amends the Housing Act of 1949 to authorize appropriations through fiscal year 1980 for: (1) payments on obligations issued to finance rural housing programs; and (2) assistance for low-rent housing for domestic farm labor. Extends the loan insurance programs for rural housing for the elderly and for farm buildings until 1981. Permits the extension of new loans in any fiscal year of up to $440,000,000 in aggregate principal amount for low-income individuals receiving additional assistance under the rural housing program. Authorizes assistance payments for up to 40 percent of the units in a rural multifamily housing project. Authorizes appropriations for fiscal year 1980 for mutual and self-help housing assistance and extends such program through fiscal year 1981. Authorizes appropriations for deposits in the Self-Help Housing Land Development Fund for fiscal year 1980. Authorizes appropriations through fiscal year 1980 for grants and contracts with public and private entities providing assistance in rural housing programs. Authorizes such sums as may be necessary in fiscal year 1981 for the programs funded by this Act for fiscal year 1980.
United States · United States Congress · 20 March 1979
Housing and Community Development Amendments of 1979 - Title I: Community and Neighborhood Development and Conservation - Amends the Housing Act of 1964 to extend and authorize appropriations for the housing rehabilitation loan program through fiscal year 1981. Amends the Housing Act of 1954 to authorize appropriations through fiscal year 1981 to assist State and local governments in planning development programs. Amends the Housing and Community Development Amendments of 1978 to authorize appropriations through fiscal year 1981 for: (1) neighborhood self-help development grants; and (2) assistance to States, local governments, and other organizations for the development of artistic, cultural and historic resources under the livable cities program. Amends the Housing and Community Development Act of 1974 to: (1) increase the authorization of appropriations for supplemental grant assistance under the community development block grant program for fiscal year 1980; (2) remove statutory restrictions based on census statistics defining the authority of the Secretary of Housing and Urban Development to waive procedural requirements in awarding grants; and (3) provide for a pro-rata distribution of funds among programs in the event of a funding deficiency in fiscal year 1980. Title II: Housing Assistance Programs - Amends the United States Housing Act of 1937 to authorize appropriations for annual contributions to low-income housing projects and operating services through fiscal year 1981. Amends the Housing and Community Development Amendments of 1978 to require rental and cooperative housing projects to be covered by an insured mortgage under the National Housing Act in order to be eligible for operating assistance. Provides for the funding of such operating assistance through fiscal year 1981 by authorizing appropriations and utilizing amounts in the reserve fund created from excess rental charges by owners of housing projects receiving interest reduction payments. Title III: Program Amendments and Extensions - Amends the National Housing Act to extend the following mortgage insurance programs of the Federal Housing Administration: (1) housing renovation and modernization; (2) general insurance authorization; (3) housing for moderate income and displaced families; (4) membership in cooperative associations for lower income families; (5) rental housing for low income families; (6) coinsurance of mortgages; (7) experimental housing; (8) armed services housing; (9) group practice facilities and medical practice facilities; (10) new communities; and (11) crime and riot reinsurance. Permits the Secretary of Housing and Urban Development to insure, on a permanent basis, mortgages and loans with provisions for varying rates of amortization through fiscal year 1980. Extends the Emergency Home Purchase Assistance program through fiscal year 1980. Authorizes the Secretary, as an alternative to the acquisition of an insured mortgage to avoid foreclosure, to make all or part of the monthly payments due on an insured mortgage of a one to four family residence necessary to avoid default caused by circumstances beyond the mortgagor's control. Stipulates that such payments may be provided for a period of up to 18 months which may be extended for an additional 18 months at the discretion of the Secretary. Terminates the authority to make such payments on September 30, 1984. Authorizes the Secretary to insure mortgages involving a principal amount exceeding statutory limitations by up to 25 percent, if the Secretary determines such action is necessary to enable low-income families to remain homeowners in an area undergoing significant revitalization. Authorizes appropriations for research and demonstration housing projects through fiscal year 1981. Amends the National Housing Act to authorize appropriations, without limitation, to cover losses sustained by the General Insurance Fund. Extends the authority of the Secretary to issue obligations to finance housing programs for the elderly and handicapped. Repeals the provision of the Department of Housing and Urban Development Act which delays the effective date of a regulation promulgated by the Secretary until 90 days from congressional committee action on legislation which would modify or invalidate such regulation.
United States · United States Congress · 19 March 1979
Authorizes advance payments of station housing allowances for members of the uniformed services assigned to duty outside of the continental United States.
United States · United States Congress · 15 March 1979
Amends the Housing and Community Development Act of 1974 to authorize the Secretary of Housing and Urban Development to guarantee those obligations incurred by units of local government to finance activities necessary to alleviate a shortage or potential shortage of potable water where the Secretary determines available grant funding is insufficient. Enables such a guarantee to be made even if the application and/or the total outstanding debt of a unit of local government fails to meet statutory requirements. Authorizes the Secretary to accept as security to assure repayment of such guaranteed debt: (1) a commitment by a local government to impose a unit surcharge on water; or (2) other financial resources of a local government.
United States · United States Congress · 14 March 1979
Residential Unit Lease Act of 1979 - Declares the purpose of this Act is to establish a private right of action for residential owners of units in cooperative housing projects to prevent abuses in the long-term leasing of project-related facilities. Exempts from the terms of this Act cooperative projects sold by a governmental unit, restricted to non-residential uses, or covered by the terms of the Condominium Act of 1979. Allows the residential owners of a project's units, through a vote of two-thirds of the units unaffiliated with the project developer, to bring suit to void as unconscionable any lease which: (1) is a lease for real estate other than a residential unit but obligates a residential unit owner to pay rent directly or through an owner's association; (2) was entered into when the project developer was in control of the owner's association; and (3) had to be accepted or ratified by the owner or the association as a condition of purchase. Sets forth standards for the courts in determining the unconscionability of such leases. Creates a presumption of unconscionability against any such lease for more than 21 years, either by its terms or through renewal provisions, which contains an automatic rent increase clause and provisions shifting all obligations and liabilities associated with the maintenance and use of the property to the owners. States such presumption may be rebutted by clear and convincing evidence. Renders specified automatic rent increase clauses unenforceable. Declares this Act applies to leases regardless of their execution date but provides an exception for specified leases which, upon expiration, either terminate a cooperative project or reduce the number of units in a cooperative project. Prohibits any class action for violations of this Act in which the plaintiff has not notified the owner's association of the suit or in which the owner's association in a pending suit is seeking to enforce the same rights. Authorizes awards of attorney's fees and other costs. Vests jurisdiction in the district courts of the United States to hear suits under this Act without regard to the amount in controversy. Establishes a statute of limitations for suits to enforce this Act.
United States · United States Congress · 14 March 1979
Amends the Internal Revenue Code to permit a nonitemizing taxpayer to claim an income tax deduction for expenses incurred in making repairs and improvements to a principal residence. Limits the amount of such deduction to $750 for the taxable year. Allows an income tax deduction with respect to the amortization of the adjusted basis of rental housing which is rehabilitated or restored by its owner. Bases the amortization on a period of 60 months. Defines "rental housing" as housing containing two or more dwelling units which are leased to the occupants by the owner.
United States · United States Congress · 14 March 1979
Amends the Internal Revenue Code to permit a nonitemizing taxpayer to claim an income tax deduction for expenses incurred in making repairs and improvements to a principal residence. Limits the amount of such deduction to $750 for the taxable year. Allows an income tax deduction with respect to the amortization of the adjusted basis of rental housing which is rehabilitated or restored by its owner. Bases the amortization on a period of 60 months. Defines "rental housing" as housing containing two or more dwelling units which are leased to the occupants by the owner.
United States · United States Congress · 14 March 1979
Amends the Housing Act of 1949 to provide that specified veterans' housing benefits shall not be considered in determining the eligibility of veterans for housing financing from sources other than the Farmers Home Administration.
United States · United States Congress · 14 March 1979
Exempts from State usury laws loans and mortgages insured under the mortgage insurance and housing renovation and modernization programs of the National Housing Act. Declares that such exemption shall apply until the effective date of State legislation limiting the amount of interest on such loans and mortgages.
United States · United States Congress · 12 March 1979
Amends the Internal Revenue Code to allow income, estate, and gift tax deductions for charitable contributions for the construction or maintenance of buildings to house tax-exempt fraternal organizations.
United States · United States Congress · 12 March 1979
Condominium Act of 1979 - Title I: Findings and Purpose - States that abuses in the condominium industry have created a need for the establishment of national standards for consumer protection. Title II: Defines the terms used in this Act. Exempts from the terms of this Act condominium projects in which the units are restricted to non-residential uses and projects sold by a governmental agency. Makes any developer or agent liable for any fraudulent acts committed in connection with a sale or offer to sell a condominium unit. Voids any provision in existing or future leases or management agreements which require owners to reimburse the developer for attorney's fees or money judgments. Grants the purchaser of a unit the right to cancel the sales contract within 15 days after signing the contract or after receiving the disclosure material, whichever is later. Sets forth national standards for consumer protection which must be followed by condominium developers, including: (1) placing any deposit made in connection with a reservation or sale of a unit in a trust or escrow; (2) terminating the right to control the owners association within five years; (3) refraining from displaying any advertising which is inconsistent with the information in the disclosure statement; (4) providing a one year warranty on each unit and a three year warranty on the common elements; and (5) in the case of condominium conversions, giving tenants 120 days' notice to vacate and a 60 day exclusive option to buy. Establishes standards for disclosure by developers of all material circumstances or features affecting their projects. States that this Act does not limit State and local governments from enacting or enforcing laws which do not conflict with the terms of this Act. Allows unit owners to terminate certain contracts which had to be accepted or ratified by the purchasers as a condition of purchase, and were entered into during the period when the developer was in control of the owners' association. Allows owners to seek a judicial determination that any lease or portion thereof is unconscionable if: (1) the lease is for more than 21 years or contains provisions for automatic renewal for a period of more than 21 years; (2) and contains either an automatic rent increase clause or subjects the units to foreclosure for the owner's failure to make payments and; (3) contains provisions that shift all obligations and liabilities associated with the maintenance and use of the property to the owners. Provides criminal penalties for violations of the terms of this Act and civil remedies for persons aggrieved by such violations. Provides for the administration of this Act and authorizes the Secretary of Housing and Urban Development to undertake research, education, information, and technical assistance activities designed to protect potential purchasers and owners of condominiums.
United States · United States Congress · 12 March 1979
Condominium Act of 1979 - Title I: Findings and Purpose - States that abuses in the condominium industry have created a need for the establishment of national standards for consumer protection. Title II: Defines the terms used in this Act. Exempts from the terms of this Act condominium projects in which the units are restricted to non-residential uses and projects sold by a governmental agency. Makes any developer or agent liable for any fraudulent acts he commits in connection with a sale or offer to sell a condominium unit. Voids any provision in existing or future leases or management agreements which require owners to reimburse the developer for attorney's fees or money judgments. Grants the purchaser of a unit the right to cancel the sales contract within 15 days after signing the contract or after receiving the disclosure material, whichever is later. Sets forth national standards for consumer protection which must be followed by condominium developers, including: (1) placing any deposit made in connection with a reservation or sale of a unit in a trust or escrow; (2) terminating the right to control the owners association within five years; (3) refraining from displaying any advertising which is inconsistent with the information in the disclosure statement; (4) providing a one year warranty on each unit and a three year warranty on the common elements; and (5) in the case of condominium conversions, giving tenants 120 days' notice to vacate and a 60 day exclusive option to buy. Establishes standards for disclosure by developers of all material circumstances or features affecting their projects. States that this Act does not limit State and local governments from enacting or enforcing laws which do not conflict with the terms of this Act. Allows unit owners to terminate certain contracts which had to be accepted or ratified by the purchasers as a condition of purchase, and were entered into during the period when the developer was in control of the owners' association. Allows owners to seek a judicial determination that any lease or portion thereof is unconscionable if: the lease is for 21 years or contains provisions for automatic renewal for a period of more than 21 years and contains either an automatic rent increase clause or subjects the units to foreclosure for the owner's failure to make payments and contains provisions that shifts all obligations and liabilities associated with the maintenance and use of the property to the owners. Provides criminal penalties for violations of the terms of this Act and civil remedies for persons aggrieved by such violations. Makes provisions for the administration of this Act and authorizes the Secretary of Housing and Urban Development to undertake research, education, information, and technical assistance activities designed to protect potential purchasers and owners of condominiums.
United States · United States Congress · 8 March 1979
Elderly and Handicapped Housing Act of 1979 - Amends the Housing Act of 1959 to increase the debt limitation to $5,760,000,000 by October 1, 1981, on obligations issued by the Secretary of Housing and Urban Development in order to finance the loan program for housing and related facilities for the elderly and handicapped. Authorizes the Secretary to consider, in reviewing loan applications under such Act, the extent to which a project will: (1) stabilize or revitalize a community; (2) serve as relocation housing for displaced elderly and handicapped families; and (3) economically rehabilitate structures with architectural, historical, or cultural significance. Directs the Secretary to provide technical assistance to inexperienced applicants, particularly members of minorities, in order to enable them to more fully participate in the loan program. Requires the Secretary to adjust the amount of monthly assistance payments, authorized by the United States Housing Act of 1937, extended to a project receiving a loan, to reflect any change in the interest rate between the date such assistance was reserved and the date of settlement on permanent financing for the project. Requires the Secretary to transmit a report to the Congress on means to reduce the costs of the loan program without unduly burdening sponsors or reducing its effectiveness.
United States · United States Congress · 8 March 1979
Amends the Housing Act of 1964 to authorize appropriations for rehabilitation loans not to exceed $245,000,000 for fiscal year 1980.
United States · United States Congress · 6 March 1979
Amends the Older Americans Act by adding the following title: Title VIII: Relief for Older Americans Who Own or Rent Their Homes. Directs the Secretary of Health, Education, and Welfare to reimburse the States for real property tax relief programs aimed at elderly households with income of $15,000 or less. Provides that the amount of such reimbursement shall be a percentage (determined on the basis of the household income) of the tax relief provided multiplied by the aggregate number of households receiving such relief. Authorizes to be appropriated the sums necessary to carry out the provisions of this Act for fiscal years 1979 through 1981.
Germany · German Bundestag · 2 March 1979
Germany · German Bundestag · 2 March 1979
Germany · German Bundestag · 2 March 1979
United States · United States Congress · 1 March 1979
Fair Housing Amendments Act of 1979 - Amends Title VII of the Civil Rights Act of 1968 (the Fair Housing Act) to exempt only the renting of space within a single family dwelling unit by the occupant of such unit to any other person from the prohibitions against discrimination in the sale or rental of housing. Prohibits insurers against hazards from discriminating in housing insurance contracts. Includes the handicapped within the groups that may not be discriminated against in housing. Prohibits discrimination in housing finance because of the national origins of people residing in the vicinity of the dwelling involved. Prohibits discrimination in the buying of debts secured by real property. Includes Federal agencies having regulatory authority over financial institutions within the administrative authority of the Secretary of Housing and Urban Development. Revises the procedures for enforcing the fair housing antidiscrimination provisions of the Act. Permits the Secretary of enforce the provisions upon receiving a charge filed by an aggrieved party within one year after the alleged discrimination occurred or upon the Secretary's initiative. Permits the Secretary to refer charges to certified State or local agencies for action. Directs the Secretary and other Federal agencies to cooperate and avoid duplication of their efforts. Authorizes the Secretary to order preliminary relief in certain circumstances. Sets forth the procedures to be followed when the Secretary has an administrative hearing on a complaint. Permits aggrieved individuals to commence civil actions within three years of the alleged discriminatory practice. Prohibits proceedings by both the Secretary and the aggrieved individual. Authorizes the Attorney General (1) to intervene in an aggrieved individual's civil action and (2) to commence a civil action (A) against a person engaged in a pattern or practice of resistance to these provisions or (B) to enforce the Secretary's findings or orders. Permits the aggrieved individual to intervene in an action commenced by the Attorney General. Allows prevailing parties reasonable attorney fees. Grants exclusive jurisdiction to the court of appeals to determine the validity of the Secretary's final orders under this Act.
United States · United States Congress · 1 March 1979
Directs the Secretary of Housing and Urban Development to make grants to finance the construction and rehabilitation of congregate facilities in federally assisted housing projects and the provision of congregate services for elderly and handicapped individuals and families.
United States · United States Congress · 1 March 1979
Fair Housing Amendments Act of 1979 - Amends Title VIII of the Civil Rights Act of 1968 (the Fair Housing Act) to exempt only the renting of space within a single family dwelling unit by the occupant of such unit to any other person from the prohibitions against discrimination in the sale or rental of housing. Prohibits insurers against hazards from discriminating in housing insurance contracts. Includes the handicapped within the groups that may not be discriminated against in housing. Prohibits discrimination in housing finance because of the national origins of people residing in the vicinity of the dwelling involved. Prohibits discrimination in the buying of debts secured by real property. Includes Federal agencies having regulatory authority over financial institutions within the administrative authority of the Secretary of Housing and Urban Development. Revises the procedures for enforcing the fair housing antidiscrimination provisions of the Act. Permits the Secretary to enforce the provisions upon receiving a charge filed by an aggrieved party within one year after the alleged discrimination occurred or upon the Secretary's initiative. Permits the Secretary to refer charges to certified State or local agencies to take action. Directs the Secretary and other Federal agencies to cooperate and avoid duplication of their efforts. Authorizes the Secretary to order preliminary relief in certain circumstances. Sets forth the procedures to be followed when the Secretary has an administrative hearing on a complaint. Permits aggrieved individuals to commence civil actions within three years of the alleged discriminatory practice. Prohibits proceedings by both the Secretary and the aggrieved individual. Authorizes the Attorney General (1) to intervene in an aggrieved individual's civil action and (2) to commence a civil action (a) against a person engaged in a pattern or practice of resistance to these provisions or (b) to enforce the Secretary's findings or orders. Permits the aggrieved individual to intervene in an action commenced by the Attorney General. Allows prevailing parties reasonable attorney fees. Grants exclusive jurisdiction to the court of appeals to determine the validity of the Secretary's final orders under this Act.
United States · United States Congress · 26 February 1979
Authorizes the Secretary of the Interior to compensate certain purchasers of subleases from the Sangre de Cristo Development Company for lands on the Tesuque Pueblo Reservation, New Mexico.
United States · United States Congress · 26 February 1979
Amends title XX (Grants to States for Services) of the Social Security Act to: (1) increase Federal payments to States for services directed toward the goal of preventing or reducing inappropriate institutional care; and (2) authorize appropriations for alternative housing, sheltered employment, and related items directed toward such goal.
United States · United States Congress · 26 February 1979
Home Finance Leveraging Act of 1979 - Exempts programs of the Federal National Mortgage Association authorized under the National Housing Act or the Emergency Home Finance Act of 1970 from State and local usury laws.
Ireland · Dáil Éireann · 23 February 1979
United States · United States Congress · 15 February 1979
National Domestic Development Bank Act - Establishes a National Domestic Development Bank to provide an alternative source of funds for community facilities and economic development. Outlines the special authority of the Bank to purchase obligations and make loans to finance construction, or reconstruction to energy efficient standards, of community facilities and public works. Provides for the establishment of a regional operating divisions of the Bank and for technical assistance in areas related to the Bank's activities. Provides for capitalization of the Bank and an audit report to Congress. Grants the Bank tax-exempt status, with specified limitations. Provides a partial tax exclusion for individuals for 50 percent of Bank dividends.
United States · United States Congress · 15 February 1979
Amends the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 to require any person who acquires or who has acquired property as of the effective date of such Act for any program for which such person received Federal financial assistance and thereby displaces another person to make all relocation payments and provide all assistance required of a State agency by such Act as if the relocation was caused by such State agency under the Act.
United States · United States Congress · 15 February 1979
Amends the Public Buildings Act of 1959 to require approval by the Senate Committee on the Environment and Public Works and the House Committee on Public Works and Transportation before: (1) leasing space in a building at a rate in excess of $500,000; or (2) altering leased premises which involves more than $250,000 worth of alterations.
United States · United States Congress · 13 February 1979
Authorizes the Secretary of Housing and Urban Development to undertake programs, on an experimental basis, to demonstrate the feasibility of providing neighborhood self-help development funds, in the form of credit certificates or simulated tax credit payments, directly to adult residents of selected urban neighborhoods, to permit residents to assign such resources directly to the public agency or private organization each resident chooses as worthy of support. Authorizes the Secretary to make payments to redeem neighborhood improvement credits or to simulate tax credit refunds. Requires the Secretary to establish standards for the qualification of neighborhood self-help organizations and public agencies to redeem credits made available under this Act. Requires the Secretary to report to Congress on the implementation of this Act.
United States · United States Congress · 8 February 1979
American Dream Act - Amends the Home Owners' Loan Act of 1933 to authorize the Home Loan Bank Board to permit Federal savings and loan associations to offer graduated payment and reverse-annuity mortgages. Requires provisions in any reverse-annuity mortgage to protect the mortgagor from loss of the property involved in the event funds available under such annuity are depleted. Directs each savings and loan association to offer a fixed-rate mortgage along with the offer to extend a graduated-payment or reserve-annuity mortgage and to make a comparison of the terms of such instruments. Stipulates that any graduated-payment mortgage must provide the mortgagor with an option to convert such mortgage to a fixed-rate mortgage. Prohibits any annual increase in the payment due under a graduated-payment mortgage from exceeding seven-and-one-half percent of the total payment during the preceding year. Prohibits any savings and loan association from investing in any variable-rate or rollover mortgage after January 1, 1979. Grants any individual who received such a mortgage after such date the option to convert it to a fixed-rate mortgage bearing interest at the rate available when the alternative instrument was received or at the prevailing rate on the date of enactment, whichever is lower. Exempts any director from criminal penalties for violation of an order from the Board with respect to variable rate or rollover mortgages between January 1, 1979, and the date of enactment of this Act.
United States · United States Congress · 8 February 1979
Prohibits Federal assistance to rental housing projects for the elderly and handicapped if such projects do not allow tenants to have pets.
France · Senate · 7 February 1979
United States · United States Congress · 5 February 1979
Authorizes additional expenditures, not to exceed $1,190,000, by the Committee on Banking, Housing, and Urban Affairs for inquiries and investigations. Directs the Committee to report its findings and recommendations for legislation to the Senate not later than February 29, 1980.
United States · United States Congress · 5 February 1979
Individual Housing Act of 1979 - Amends the Internal Revenue Code to allow individuals an income tax deduction of up to $3,000 annually and $15,000 in a lifetime for cash contributions to an individual housing account (IHA) established to finance the purchase of a principal residence for the taxpayer. Exempts IHA's from income taxation. Excludes from gross income distributions to a taxpayer from an individual housing account used to purchase a principal residence. Allows an income tax deduction for sales taxes on items used in the construction of new homes. Allows a refundable income tax credit for the amount of interest income which a taxpayer loses on amounts paid as real property tax prepayments. Limits the amount of such credit to $200 for the taxable year.
United States · United States Congress · 5 February 1979
Amends the Housing and Community Development Act of 1974 to make any urban county eligible for urban development action grants if it contains at least one area which: (1) meets the minimum standards of physical and economic distress established by the Secretary of Housing and Urban Development; and (2) was a city with a population of at least 50,000 before 1960.
Germany · German Bundestag · 2 February 1979
Germany · German Bundestag · 2 February 1979
United States · United States Congress · 1 February 1979
Authorizes the Administrator of Veterans' Affairs to provide special housing assistance of up to $5,000 to certain veterans with permanent and total service-connected disabilities due to the loss or loss of use of both upper extremities.
United States · United States Congress · 1 February 1979
Increases the specially adapted housing assistance grant for certain disabled veterans from $30,000 to $35,000.
United States · United States Congress · 31 January 1979
Repeals provisions of specified Acts which require compliance with the labor standards of the Davis-Bacon Act in housing and community development programs.
United States · United States Congress · 31 January 1979
Alternative Mortgage Instruments Act of 1979 - Amends the Home Owner's Loan Act of 1933 to permit federally chartered savings and loan associations to invest and deal in graduated payment mortgages on the security of first liens and reverse annuity mortgages. Permits until December 31, 1982, and federally chartered association with its home office in California to deal in first liens in the form of variable rate mortgages upon real property located in California, provided such mortgages account for no more than 50 percent of the dollar amount of first liens held by such an association. Requires every association to offer a standard mortgage to all applicants for such alternative mortgage instruments. Describes the terms which are permitted in such alternative instruments and sets forth disclosures which must be made to all applicants. Directs the Federal Home Loan Bank Board to transmit an annual report to the President and the Congress concerning the programs established by this Act. Establishes a Commission on Alternative Mortgage Instruments to study: (1) the effects of alternative mortgage instruments on inflation and interest rates; (2) the types of disclosure statements necessary to assist an applicant in deciding whether to accept an alternative mortgage instrument; and (3) the experience of borrowers in using such alternative instruments. Directs the Commission to submit a report to the President and the Congress by December 31, 1981, stating its findings and recommendations.
United States · United States Congress · 31 January 1979
Amends the National Housing Act to redefine the term "essential property insurance" to include homeowners insurance for purposes of the National Insurance Development Program.
United States · United States Congress · 29 January 1979
Amends the United States Housing Act of 1937 to restrict air-conditioning in rental units receiving financial assistance under such Act to individual air-conditioners sufficient to cool only a single room. Requires such air-conditioners to be metered and billed on an individual basis.
United States · United States Congress · 29 January 1979
Amends the Housing Act of 1949 to authorize the Secretary of Housing and Urban Development to extend financial assistance to any owner of a low-income, multifamily housing project, removing the existing limitation which makes only public or nonprofit owners eligible for such assistance. Stipulates that only public or nonprofit owners may finance 100 percent of the units in such a project with insured loans made available under the domestic farm labor housing program.
United States · United States Congress · 25 January 1979
Variable Rate Mortgage Act of 1979 - Authorizes any federally chartered savings and loan association whose home office is in California to make, purchase, or participate in, variable rate mortgages secured by real estate located in California. Requires both federally chartered and federally insured State chartered associations in California to: (1) comply with specified limitations on interest rate adjustments; (2) grant every borrower the option to chose between a standard and variable rate mortgage accompanied by a comparison of the terms and payment schedules of each instrument; and (3) limit the principal amount of variable rate mortgages purchased or made in any year to 50 percent of the principal amount of all home mortgage loans purchased or made in such year. Terminates the authority of federally chartered associations to deal in variable rate mortgages, and the applicability of this Act to State chartered insured associations on December 31, 1982. Directs the Office of Consumer Affairs and the Council on Wage and Price Stability to conduct studies and submit their findings to the Congress on the effects of variable rate mortgages on consumers and inflation.
United States · United States Congress · 24 January 1979
Amends the Housing Act of 1937 to require that before any tenant is evicted from a low-rent housing project, such tenant be afforded a public hearing before the public housing authority after written notice of the proposed eviction to determine whether the eviction is legally justified. States that such determination shall be made on the record and shall be subject to judicial review.
United States · United States Congress · 24 January 1979
Surplus School Conservation Act of 1979 - Authorizes the Secretary of Housing and Urban Development to make grants to local agencies to convert closed school buildings for educational and social purposes. Stipulates that no more than ten percent of such grants shall go to local agencies in any particular State.
United States · United States Congress · 24 January 1979
Amends the Housing Act of 1949 to increase relocation payments to individuals, families, and business concerns displaced from urban renewal areas. Sets forth the method for determining losses of property for purposes of this Act.
United States · United States Congress · 24 January 1979
Revises the lower-income housing assistance program of the United States Housing Act of 1937 to establish a task force to evaluate housing for the elderly and report to the Secretary of Housing and Urban Development and to Congress on proposals for actions designed to improve such program. Requires the Secretary to submit periodical reports to Congress with respect to the operation of such program. Requires the Secretary and the Secretary of Labor in establishing the wages prevailing in a locality in which a project is located, to require wages to reflect the actual wages being paid in the immediate area in which the project is located.