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Resolution· SRESS.Res. 451 (93rd)open
United States · United States Congress · 14 December 1974
Expresses the Senate disapproval of the proposed deferral of budget authority to carry out the comprehensive planning grants program under section 701 of the Housing Act of 1954 (numbered D75-107), set forth in the special message transmitted by the President to the Congress on November 26, 1974, under section 1013 of the Impoundment Control Act of 1974.
Law· SJRESS.J.Res. 263 (93rd)open
United States · United States Congress · 11 December 1974
Revises, under the National Housing Act, the authority of the Federal Savings and Loan Insurance Corporation with respect to the insurance of public deposits. Authorizes the Secretary of the Treasury, when he deems it necessary to assure an adequate supply of coins to meet the national needs, to mint for issuance during calendar year 1975 dollars, half-dollar, and quarter dollar coins bearing the design and coinage dates provided for in the Revised Statutes. Establishes a Federal Savings and Loan Advisory Council, which shall continue to exist as long as the Board biannually determines, as a matter of formal record, after consultation with the Director of the Office of Management and Budget, with timely notice in the Federal Register, to be in the public interest in connection with the performance of duties imposed on the Council by law.
Resolution· SRESS.Res. 446 (93rd)reported
United States · United States Congress · 10 December 1974
States that the Senate disapproves the proposed deferral of budget authority to carry out the homeownership assistance program under section 235 of the National Housing Act.
Resolution· HRESH.Res. 1491 (93rd)referred
United States · United States Congress · 10 December 1974
States that the House of Representatives disapproves the deferral of budget authority relating to comprehensive planning grants under the Housing Act of 1954 proposed by the President in his special message of November 26, 1975.
Bill· HRH.R. 17590 (93rd)referred
United States · United States Congress · 9 December 1974
Broadens the coverage of home health service under the supplementary medical insurance (Medicare) program of the Social Security Act by authorizing payments for homemaker services under specified circumstances and removes the 100-visit limitation presently applicable to the home health service program. Requires the inclusion of home health services in a State's medicaid program under the Social Security Act and permits the payments of rent under such program for elderly persons who would otherwise require nursing home care. Provides expanded Federal funding for congregate housing for the displaced and the elderly by increasing the amount available for such housing under the low income housing program.
Bill· SS. 4214 (93rd)referred
United States · United States Congress · 5 December 1974
Authorizes the Government National Mortgage Association, under the emergency program authorized by the Emergency Home Purchase Assistance Act, to purchase qualified mortgages covering multifamily rental, cooperative, or condominium housing.
Bill· SS. 4199 (93rd)referred
United States · United States Congress · 3 December 1974
Housing Securities Act - Exempts from the provisions of the Securities Act of 1933 those sales of securities where the transactions involve offers or sales of one or more promissory notes directly secured by a first lien on a single parcel of real estate upon which a residential or commercial structure is located, and which meets the conditions set forth in this Act.
Bill· HRH.R. 17553 (93rd)referred
United States · United States Congress · 3 December 1974
Emergency Middle Income Housing Act - Authorizes the Secretary of Housing and Urban Development to make, and to contract to make, periodic assistance payments on behalf of families of middle income to assist such families in acquiring homeownership during periods of high interest rates. Sets limits upon the assistance payments authorized under this Act. Authorizes the appropriation of such sums as may be necessary to carry out this Act.
Bill· HRH.R. 17548 (93rd)referred
United States · United States Congress · 3 December 1974
Establishes, under the Federal Home Loan Mortgage Corporation Act, a new secondary market program under which the Federal Home Loan Mortgage Corporation may provide needed liquidity for the savings and loan industry by purchasing older seasoned home mortgages from savings and loan associations and other financial institutions. States that the maximum aggregate amount of mortgages that may be purchased by the Corporation from any one savings and loan association or other financial institution shall not exceed $20,000,000.
Resolution· HCONRESH.Con.Res. 688 (93rd)referred
United States · United States Congress · 25 November 1974
Provides for the reprinting for use by the Committee on Banking and Currency of two thousand copies of the Committee print entitled "Compilation of the Housing and Community Development Act of 1974".
Bill· HRH.R. 17500 (93rd)referred
United States · United States Congress · 21 November 1974
Authorizes the Secretary of Agriculture to compensate specified employees for any losses sustained by them in the value of their personal housing in the vicinity of Holbrook, Arizona, due to the closing of the headquarters of the Sitgreaves National Forest. States that the amount of compensation paid to any eligible employee shall be the lesser of $12,500 or an amount determined by the Secretary in accordance with calculations made under the provisions of this Act.
Bill· HRH.R. 17365 (93rd)referred
United States · United States Congress · 15 October 1974
Emergency Home Purchase Assistance Act - Declares it to be the finding of Congress that residential mortgage credit is or is likely to become prohibitively expensive or unavailable, and that this situation causes hardship for those wishing to purchase or sell housing and delays the achievement of the national goal of a decent home for every family. Revises the National Housing Act by granting the Secretary of Housing and Urban Development the authority to direct the Federal National Mortgage Association to purchase specified types of mortgages. Directs the Secretary to exercise such authority when he finds that inflationary conditions and related governmental actions are having a severely disproportionate effect on the housing industry and threaten to seriously affect the economy and delay the achievement of national housing goals. Authorizes the Secretary to make purchases and commitments pursuant to this Act not to exceed $7,750,000,000 outstanding at any one time. Provides that the authority conferred shall become effective on the date of enactment and shall remain in effect for one year. Authorizes financing for the preservation of historic structures under the National Housing Act. Increases the maximum amount for which a Federal Home Loan Bank may accept a mortgage as security for an advance from $40,000 to $55,000. Requires the Council on Wage and Price Stability to report to the President on a quarterly basis with respect to the containment of inflation.
Bill· HRH.R. 17306 (93rd)referred
United States · United States Congress · 11 October 1974
Emergency Home Purchase Assistance Act - Declares it to be the finding of Congress that residential credit is or is likely to become prohibitively expensive or unavailable, and that this situation causes hardship for those wishing to purchase or sell housing and delays the achievement of the national goal of a decent home for every family. Revises the National Housing Act by granting the Secretary of Housing and Urban Development the authority to direct the Federal National Mortgage Association to purchase specified types of mortgages. Directs the Secretary to exercise such authority when he finds that inflationary conditions and related governmental actions are having a severely disproportionate effect on the housing industry and threaten to seriously affect the economy and delay the achievement of national housing goals. Authorizes the Secretary to make purchases and commitments pursuant to this Act not to exceed $10,000,000,000 outstanding at any one time. Provides that the authority conferred shall become effective on the date of enactment and shall remain in effect for one year. Authorizes financing for the preservation of historic structures under the National Housing Act. Increases the maximum amount for which a Federal Home Loan Bank may accept a mortgage as security for an advance from $40,000 to $55,000. Requires the Council on Wage and Price Stability to report to the President on a quarterly basis with respect to the containment of inflation.
Bill· HRH.R. 17297 (93rd)referred
United States · United States Congress · 11 October 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· HRH.R. 17269 (93rd)referred
United States · United States Congress · 10 October 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· HRH.R. 17249 (93rd)referred
United States · United States Congress · 10 October 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· HRH.R. 17248 (93rd)referred
United States · United States Congress · 10 October 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· HRH.R. 17198 (93rd)referred
United States · United States Congress · 9 October 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· HRH.R. 17162 (93rd)referred
United States · United States Congress · 8 October 1974
National Condominium and Tenants Rights Act - Expresses the findings of Congress and declares the purposes of the Act, including to establish minimum national standards governing the sale, ownership, conversion to, and extension of credit for condominiums. States that no condominium housing loan shall be made: (1) to any developer unless the creditor received a written property statement containing specified names, address, legal descriptions, costs and assurances; or (2) to any prospective purchaser unless the same written property statement has been submitted to such purchaser 21 days prior to to any legally obligating document's execution. Provides similar protection for tenants in cases of condominium conversions. Prohibits discrimination against condominium-unit purchasers in the extension of credit on the basis of age, sex, marital status, religion, race, or national origin. Provides for the designation of an Assistant Secretary for Condominiums in the Department of Housing and Urban Development and enumerates the duties to be performed. Requires each creditor subject to the provisions of this Act to file an annual report with the Secretary of Housing and Urban Development showing the extent of compliance with the provisions of this Act. Creates a civil remedy against creditors by persons discriminated against in violation of this Act. States that any developer or creditor who violates the provisions of this Act shall be fined not more than $15,000 for each violation. Empowers the Secretary to encourage and make grants to State and local governments to help establish offices to administer and enforce State and local requirements with respect to condominiums. Enumerates the requirements to be met by any plan for the protection of purchasers of condominium units and those displaced by conversion to such units prior to the making of any grant. Authorizes to be appropriated such sums as necessary to carry out such grants. Defines the terms used in this Act. Authorizes to be appropriated such sums as necessary to carry out this Act.
Bill· HRH.R. 17169 (93rd)referred
United States · United States Congress · 8 October 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· HRH.R. 17161 (93rd)referred
United States · United States Congress · 8 October 1974
National Condominium and Tenants Rights Act - Expresses the findings of Congress and declares the purposes of the Act, including to establish minimum national standards governing the sale, ownership, conversion to, and extension of credit for condominiums. States that no condominium housing loan shall be made: (1) to any developer unless the creditor received a written property statement containing specified names, address, legal descriptions, costs and assurances; or (2) to any prospective purchaser unless the same written property statement has been submitted to such purchaser 21 days prior to to any legally obligating document's execution. Provides similar protection for tenants in cases of condominium conversions. Prohibits discrimination against condominium-unit purchasers in the extension of credit on the basis of age, sex, marital status, religion, race, or national origin. Provides for the designation of an Assistant Secretary for Condominiums in the Department of Housing and Urban Development and enumerates the duties to be performed. Requires each creditor subject to the provisions of this Act to file an annual report with the Secretary of Housing and Urban Development showing the extent of compliance with the provisions of this Act. Creates a civil remedy against creditors by persons discriminated against in violation of this Act. States that any developer or creditor who violates the provisions of this Act shall be fined not more than $15,000 for each violation. Empowers the Secretary to encourage and make grants to State and local governments to help establish offices to administer and enforce State and local requirements with respect to condominiums. Enumerates the requirements to be met by any plan for the protection of purchasers of condominium units and those displaced by conversion to such units prior to the making of any grant. Authorizes to be appropriated such sums as necessary to carry out such grants. Defines the terms used in this Act. Authorizes to be appropriated such sums as necessary to carry out this Act.
Bill· HRH.R. 17167 (93rd)referred
United States · United States Congress · 8 October 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· HRH.R. 17148 (93rd)referred
United States · United States Congress · 8 October 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· HRH.R. 17144 (93rd)referred
United States · United States Congress · 8 October 1974
House Purchase Assistance Act - Declares the finding of the Congress that: (1) in many parts of the Nation, residential mortgage credit is or is likely soon to become prohibitively expensive or unavailable at any price; (2) the unavailability of mortgage credit severely restricts housing production, causes hardship for those who wish to purchase or sell existing housing, and delays the achievement of the national goal of a decent home for every American family; and (3) there is an urgent need to provide an alternate source of residential mortgage credit on an emergency basis. Provides that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a substantial reduction in the volume of home construction or acquisition and is delaying the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968 the Secretary shall institute steps to provide for the purchase of mortgages in accordance with this Act. Establishes a housing trust fund for carrying out the purposes of this Act. Sets standards for the mortgages to be purchased under this Act. Provides that not more than $10,000,000,000 in any single fiscal year shall be committed under this Act for the purchase of mortgages. Directs the Secretary to transmit to the Congress not later than March 15 of each year a report on his activities under this Act during the preceding year and on any activities he anticipates during the year in which the report is made.
Bill· HRH.R. 17090 (93rd)referred
United States · United States Congress · 7 October 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· HRH.R. 17050 (93rd)referred
United States · United States Congress · 3 October 1974
Emergency Housing Finance Assistance Act - Declares the finding of the Congress that: (1) inflationary conditions affecting the economy and necessary actions to curb inflation have had a disproportionately severe impact upon housing and related industries, and this impact has persisted despite a number of governmental measures adopted to date; and (2) pending development and implementation of other possible measures in the restoration of eocnomic stability, there is an urgent need for additional housing assistance authority which, through maximum use of existing mechanisms, can be immediately implemented to mitigate hardships and ameliorate conditions in the housing industry that could have serious adverse consequences for the economy as a whole. Directs the Secretary of Housing and Urban Development, in order to carry out the purpose of this Act, subject to such conditions as he may prescribe consistent with the provisions of this Act, to authorize the Government National Mortgage Association, pursuant to commitments or otherwise, to purchase, service, sell (with or without recourse) or otherwise deal in mortgages which are not insured or guaranteed by any Federal agency or authority within the meaning of its authority under the National Housing Act and which have an original principal obligation which does not exceed $45,000 per family residence or dwelling unit. Provides that such Association shall have, with respect to any mortgages purchased under this Act, all the powers and authorities specified in the National Housing Act with respect to mortgages eligible for purchase by the Association under such Act. Provides that the purchase by the Association of any mortgage originated more than one year prior to such purchase shall be subject to such conditions or certifications as the Secretary may require to assure that the proceeds of the transaction or equivalent funds are used by the seller for additional mortgage lendings in furtherance of the purpose of this Act. Authorizes such Association to guarantee securities based on pools or trusts of mortgages assisted under this Act, as provided in the National Housing Act with respect to federally insured or guaranteed mortgages, and to act as issuer of such guaranteed securities. Provides that the total amount of outstanding purchases and commitments authorized by the Secretary to be made pursuant to this Act shall not exceed $8,000,000,000 at any one time. Provides that no mortgages shall be purchased under this Act after October 31, 1976, except pursuant to a commitment issued on or before such date.
Bill· HRH.R. 17046 (93rd)referred
United States · United States Congress · 3 October 1974
Emergency Housing Finance Assistance Act - Declares the finding of the Congress that: (1) inflationary conditions affecting the economy and necessary actions to curb inflation have had a disproportionately severe impact upon housing and related industries, and this impact has persisted despite a number of governmental measures adopted to date; and (2) pending development and implementation of other possible measures in the restoration of eocnomic stability, there is an urgent need for additional housing assistance authority which, through maximum use of existing mechanisms, can be immediately implemented to mitigate hardships and ameliorate conditions in the housing industry that could have serious adverse consequences for the economy as a whole. Directs the Secretary of Housing and Urban Development, in order to carry out the purpose of this Act, subject to such conditions as he may prescribe consistent with the provisions of this Act, to authorize the Government National Mortgage Association, pursuant to commitments or otherwise, to purchase, service, sell (with or without recourse) or otherwise deal in mortgages which are not insured or guaranteed by any Federal agency or authority within the meaning of its authority under the National Housing Act and which have an original principal obligation which does not exceed $45,000 per family residence or dwelling unit. Provides that such Association shall have, with respect to any mortgages purchased under this Act, all the powers and authorities specified in the National Housing Act with respect to mortgages eligible for purchase by the Association under such Act. Provides that the purchase by the Association of any mortgage originated more than one year prior to such purchase shall be subject to such conditions or certifications as the Secretary may require to assure that the proceeds of the transaction or equivalent funds are used by the seller for additional mortgage lendings in furtherance of the purpose of this Act. Authorizes such Association to guarantee securities based on pools or trusts of mortgages assisted under this Act, as provided in the National Housing Act with respect to federally insured or guaranteed mortgages, and to act as issuer of such guaranteed securities. Provides that the total amount of outstanding purchases and commitments authorized by the Secretary to be made pursuant to this Act shall not exceed $8,000,000,000 at any one time. Provides that no mortgages shall be purchased under this Act after October 31, 1976, except pursuant to a commitment issued on or before such date.
Bill· HRH.R. 17014 (93rd)referred
United States · United States Congress · 2 October 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· SS. 4047 (93rd)referred
United States · United States Congress · 26 September 1974
Condominium Act - States that it shall be unlawful for any developer or agent, directly or indirectly, to make use of any means or instrument of transportation or communication in interstate commerce, or of the mails, to sell any condominium in any project unless the project is registered and a statement of record with respect to such condominium is in effect in accordance with the provisions of this Act, and a printed public offering statement, meeting the requirements of this Act, is furnished to the purchaser in advance of the signing of any contract or agreement for sale by the purchaser. States that any contract or agreement for the purchase of a condominium in a project covered by this Act, where the public offering statement has not been given to the purchaser in advance or at the time of his signing, shall be voidable at the option of the purchaser. Provides that a purchaser may revoke such contract agreement within ten days, where he has received the public offering statement less than forty-eight hours before he signed the contract or agreement, and the contract or agreement shall so provide. Specifies the contents of a statement of record and of the public offering statement. Provides that in any case where the project involved is a leased-unit structure which is to be converted to a condominium project, the information described in the statement of record shall also include satisfactory assurances that: (1) existing tenants will have first priority to purchase dwelling units in the project; (2) all of the tenants of the structure or structures involved will have been given at least six months, after notification of the proposed conversion, to decide whether or not to purchase their dwelling units; (3) no tenant will be required to move from the project upon its conversion without ninety days' writen notice; and (4) no lease agreement outstanding at the time of conversion (and covering a dwelling unit in the project) will be abridged without the consent of both the lessee and the developer. Authorizes the Secretary of Housing and Urban Development to conduct investigations to determine the extent of compliance with the provisions of this Act and to bring suit in any district court of the United States against alleged violators of the provisions of this Act. Directs the Secretary of Housing and Urban Development to conduct a full and complete study of the state of the rental housing market in representative metropolitan areas experiencing significant increases in construction and condominium conversions. Requires the Secretary to make his recommendations to Congress within one year following the date of enactment of this Act for handling tenant relocation problems involved in condominium conversions. Provides for review of orders issued by the Secretary after a hearing in the United States Court of Appeals for the circuit wherein the aggrieved party resides or has his principal place of business. Authorizes to be appropriated such sums as are necessary to carry out the provisions of this Act.
Bill· HRH.R. 16885 (93rd)referred
United States · United States Congress · 25 September 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· HRH.R. 16767 (93rd)referred
United States · United States Congress · 19 September 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely to affect the economy and to delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase and to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a Housing Trust Fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within twelve months preceding the date of purchase.
Bill· HRH.R. 16679 (93rd)referred
United States · United States Congress · 17 September 1974
Condominium Protection Act - States that it shall be unlawful for any developer or agent, directly or indirectly, to make use of any means or instruments of transportation or communication in interstate commerce, or of the mails: (1) to sell or lease any condominium in any project unless a statement of record and a printed public offering statement with respect to such condominium is in effect in accordance with the provisions of this Act, is furnished to the purchaser in advance of the signing of any contract or agreement for sale or lease by the purchaser; and (2) in selling or leasing, or offering to sell or lease, any condominium in a project to employ any device, scheme, or artifice to defraud, or to obtain money or property by means of a material misrepresentation with respect to any information included in the statement of record or the public offering statement or with respect to any other information pertinent to the lot or the subdivision and upon which the purchaser relies, or to engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon a purchaser. Provides that any contract or agreement for the purchase or leasing of a condominium in a project covered by this Act, where the public offering statement has not been given to the purchaser in advance or at the time of his signing, shall be voidable at the option of the purchaser. Requires a project to be registered by filing with the Secretary of Housing and Urban Development a statement of record, and specifies the information to be contained in such statement. States that a public offering statement relating to the condominiums in a project shall contain such of the information contained in the statement of record, and any amendments thereto, as the Secretary may deem necessary, and shall disclose fully and accurately the characteristics of the project and the condominiums therein offered and shall make known to prospective purchasers all unusual and material circumstances or features affecting the condominiums. Provides that the public offering statement shall not be used for any promotional purposes before registration of the project and afterward only if it is used in its entirety. Provides that any person who willfully violates any provision of this Act, or any person who willfully, in a statement of record filed under, or in a public offering statement issued pursuant to this Act, makes any untrue statement of a material fact or omits to state any material fact required to be stated therein, shall upon conviction be fined not more than $5,000 or imprisoned not more than five years, or both. States that, unless the method of disposition is adopted for the purpose of evasion of this Act, the provisions of this Act shall not apply to: (1) the sale or lease of real estate not pursuant to a common promotional plan to offer or sell condominiums in a project; (2) the sale or lease of condominiums solely for commercial or industrial purposes or users; (3) the sale or lease of real estate under or pursuant to court order; or (4) the sale or lease of real estate by any government or government agency. Grants jurisdiction to United States District Courts over any suit or action which may be brought to enforce any liability or duty created by this Act. Authorizes to be appropriated such sums as may be necessary to carry out this Act.
Law· SS. 3979 (93rd)open
United States · United States Congress · 10 September 1974
Home Purchase Assistance Act - Requires that whenever the Secretary of Housing and Urban Development determines that a substantial number of families are unable to obtain mortgage credit at reasonable rates due to high interest rates or reduced availability of mortgage credit and that the inability to obtain such credit is causing or threatening to cause a significant reduction in the volume of home construction or acquisition and thereby adversely affect the economy and delay the orderly achievement of the national housing goals contained in title XVI of the Housing and Urban Development Act of 1968, the Secretary shall direct the Government National Mortgage Association to begin making commitments to purchase mortgages in accordance with the provisions of this Act. Establishes within the Association a housing trust fund which shall be used to carry out such purposes. Provides that mortgages may be purchased under this Act only if: (1) such mortgage was executed to finance the acquisition of the principal residence of the mortgagor; and (2) such mortgage involves the acquisition or construction of a residential dwelling at a cost which does not exceed $30,000 (or such greater amount, but not to exceed $45,000 as may be necessary to meet the need for mortgage credit in high cost areas). States that the Association shall not permit the aggregate outstanding amount of mortgages held by the fund under this section to increase by more than $10,000,000,000 in any single fiscal year. Requires that 50 percent of the aggregate principal amount of home mortgages purchased under this Act in any fiscal year shall involve residences upon which construction has been completed within 12 months preceding the date of purchase.
Bill· HRH.R. 16548 (93rd)referred
United States · United States Congress · 22 August 1974
National Condominium Act - Establishes minimum national standards for all condominium units the sale of which is financed with Federal assistance in any form, and encourages the States through a new program of Federal grants to establish such standards to protect both the residents of previously leased units to be converted and the potential purchasers of such units from undue hardships and unexpected economic expenses. States that any person who willfully violates any of the provisions of this Act shall be fined not less than $15,000 and/or be imprisoned for not less than two years.
Bill· HRH.R. 16509 (93rd)referred
United States · United States Congress · 21 August 1974
Provides federally insured financing for mortgages involving a dwelling unit in a cooperative housing project which is covered by a blanket mortgage under the National Housing Act.
Bill· HRH.R. 16464 (93rd)referred
United States · United States Congress · 19 August 1974
Transfers the technical assistance authority of the Secretary of Housing and Urban Development with respect to the surety bond guarantee program of the Small Business Administration provided by the Housing and Urban Development Act of 1970 to the Small Business Administration.
Bill· SS. 3905 (93rd)referred
United States · United States Congress · 13 August 1974
Provides, under the Consolidated Farm and Rural Development Act, that the Secretary of Agriculture may guarantee a loan made by an approved lender without regard to the limitation and prohibitions in such Act if such loan is secured by a second mortgage on real estate and the total principal indebtedness outstanding against such real estate, if such second mortgage is taken, does not exceed 85 percent of its appraised value.
Bill· HRH.R. 16394 (93rd)referred
United States · United States Congress · 12 August 1974
Increases from $17,500 to $20,000, the maximum amount of the grant payable for specially adapted housing for disabled veterans. (Amends 38 U.S.C. 802).
Bill· HRH.R. 16378 (93rd)referred
United States · United States Congress · 12 August 1974
Authorizes the Secretary of Housing and Urban Development, in consultation with the Secretary of Health, Education and Welfare, under the National Housing Act, to provide insurance for loans to finance improvements to long-term care facilities required to correct deficiencies identified in State surveys and Federal certification procedures.
Bill· SS. 3883 (93rd)passed
United States · United States Congress · 6 August 1974
Veterans Housing Act - Authorizes increases in the amount limitations of the veterans home loan programs. Eliminates specific provisions of Federal law pertaining to the dormant farm and business loans available to veterans.
Bill· HRH.R. 16226 (93rd)referred
United States · United States Congress · 1 August 1974
Provides, under the Internal Revenue Code, an exemption from income taxation for condominium housing associations and homeowners' associations and imposes a tax on the unrelated business income of such organizations.
Bill· HRH.R. 16220 (93rd)referred
United States · United States Congress · 1 August 1974
Smaller Communities Act - Expresses the findings of Congress and declares the purposes of this Act, including to establish the Small Community Administration in order to: (1) develop a national program to coordinate and improve the Federal assistance available to smaller communities; and (2) encourage the development of smaller communities through the coordination of certain Federal loan grant assistance programs. Establishes, as an independent agency in the executive branch, the Smaller Communities Administration, to be headed by an Administrator. Directs the Administration to: (1) to provide technical assistance to smaller communities; (2) coordinate with the Small Business Administration, Farmers Home Administration, Department of Transportation, Departments of Housing and Urban Development, Interior, Health, Education, and Welfare, and Commerce, the Environmental Protection Agency, and other Federal agencies to formulate Federal policy with respect to smaller communities; (3) represent the interests of smaller communities in the allocation of resources and scarce materials; (4) represent the interests of smaller communities in the location and construction of buildings by the Federal Government; (5) represent the interests of smaller communities before each Federal organization that affects the welfare of small communities; (6) conduct studies in specified areas; and (7) assist business firms and nonprofit institutions located in smaller communities in the awarding of Federal contracts. Establishes the Office of the Smaller Community Ombudsman, directing that the Ombudsman shall: (1) develop an information system to supply officials of smaller communities with information on Federal grant and loan assistance programs designed to aid small communities; and (2) coordinate Federal agencies administering such programs. Authorizes to be appropriated such sums as may be necessary to carry out the provisions of this Act.
Bill· HRH.R. 16202 (93rd)referred
United States · United States Congress · 31 July 1974
Housing Enforcement Assistance Act - Authorizes the Secretary of Housing and Urban Development to establish within his department a housing enforcement assistance program under which he will make grants as provided in this act to cities and other municipalities to assist them in the more effective enforcement of local housing codes, including: (1) the training, employment, and compensation of housing inspectors and related or supporting personnel; (2) the establishment and operation of housing courts to provide a forum for the resolution of controversies involving building violations, rent strikes, evictions, and other matters relating to landlord-tenant relations and housing code enforcement; (3) the development and improvement of housing codes; (4) emergency repairs to eliminate conditions which endanger the health and safety of tenants; and (5) such other actions to deal with aspects of housing code enforcement as in the judgment of the Secretary will significantly help in carrying out the purpose of this Act. Stipulates that the Secretary shall allocate the funds appropriated to the various cities and municipities in the United States in accordance with a formula appropriately refelecting their need for assistance in the enforcement of housing codes. States that such formula, which shall be published in the Federal Register in advance of such allocation, shall take into account with respect to each of such cities and municipalities its size, the amount and average age of its housing which is threatened with loss from blight or deterioration but could be preserved by more effective enforcement of housing codes, its financial need, and such other factors as the Secretary may determine to be appropriate and in furtherance of the objectives of this Act. Authorizes appropriations of $40,000,000 to carry out the purposes of this Act. Provides that grants for and on behalf of a city or municipality may be made to an agency of State government in any case where cities or municipalities within the State involved are prevented by State law from receiving such grants or from expending them for their intended purpose.
Bill· HRH.R. 16145 (93rd)referred
United States · United States Congress · 29 July 1974
National Mobile Home and Recreational Vehicle Safety Act - Directs the Secretary of Transportation and Secretary of Housing and Urban Development to establish by order appropriate nonoperational Federal mobile home and recreational vehicle safety standards. Provides that, in prescribing standards under this Act, the Secretary of Transportation and the Secretary of Housing and Urban Development shall: (1) consider relevant available mobile home safety data; (2) consult with such State or interstate agencies (including legislative committees) as he deems appropriate; (3) consider whether any such proposed standard is reasonable, practicable, and appropriate for the particular type of mobile home or recreational vehicle for which it is prescribed; (4) consider whether any such standard will result in a substantial increase in the retail price of mobile homes or recreational vehicles; and (5) consider the extent to which any such standard will contribute to carrying out the purpose of this title. Directs the Secretary of Transportation to issue initial Federal recreational vehicle and mobile home safety standards upon the expiration of a two hundred and seventy day period which begins on the date of enactment of this Act. Provides that the Secretary shall issue new and revised Federal recreational vehicle and mobile home safety standards under this title upon the expiration of the five hundred and forty-day period which begins on the date of enactment of this Act. Establishes both a National Mobile Home Safety Advisory Council, and a National Recreational Vehicle Safety Advisory Council, a majority of each of which shall be representatives of the general public, including representatives of State and local governments, and the remainder shall include mobile home or recreational vehicle, manufacturers, dealers, representatives of insurers, and nationally recognized standards-producing organizations. Provides that the Secretary shall consult with the appropriate Advisory Council before establishing or revoking any mobile home or recreational vehicle safety standard pursuant to this title. Directs the Secretary to conduct research, testing, development and training necessary to carry out the purposes of this title. Provides that no person shall: (1) manufacture for sale, sell, offer for sale, or introduce or deliver for introduction into interstate commerce, or import into the United States, any mobile home or recreational vehicle manufactured on or after the date any applicable Federal mobile home or recreational vehicle safety standard takes effect under this title unless it is in conformity with such standard; (2) fail or refuse access to or copying of records, or fail to make reports or provide information, or fail or refuse to permit entry or inspection, as required under this Act; (3) fail to issue a certficate required by this Act, or issue a certificate to the effect that a mobile home or recreational vehicle conforms to all applicable Federal mobile home or recreational vehicle safety standards, unless such person in the exercise of due care has reason to know that such certificate is false or misleading in a material respect; or (4) fail to furnish notification of any defect as required by this Act. Provides for civil penalties for violations of this Act. Authorizes the Secretary to conduct such inspection and investigation as may be necessary to enforce Federal mobile home and recreational vehicles safety standards established under this Act. Provides that every manufacturer, distributor, and dealer of mobile homes and recreational vehicles shall maintain such records, make such reports, and provide such performance and technical data to the Secretary as may be required to carry out the purposes of this Act. Establishes a National Mobile Home and Recreational Vehicle Safety Institute in the Department of Housing and Urban Development. Provides that such Institute shall be headed by a Director appointed by the Secretary. Authorizes such Institute to: (1) develop, establish, and forward to the Secretary of Transportation recommended mobile home and recreational vehicle nonoperational safety standards; (2) conduct research, testing, development, and training as authorized by this title; (3) prepare the annual report to the Congress required by this title; and (4) perform all other functions of the Secretary of Housing and Urban Development under this Act. Requires the Secretary to submit to the President an annual report on the activities of the Department of Transportation under this title. States that nothing in this Act shall prevent any State agency or court from asserting or continuing jurisdiction under State law over any aspect of mobile home or recreational vehicle safety with respect to which no standards have been established pursuant to this title. Provides that any State may assume responsibility for enforcement of any Federal standards which have been established under this Act upon approval by the Secretary under specified conditions. Authorizes the Secretary to make grants to States which have been delegated enforcement responsibility to assist them in identifying their needs and responsibilities in the area of safety standards enforcement or in developing enforcement plans. Provides that the Federal share of each such grant shall not exceed 90 percent of the total cost. Authorizes Federal participation under the Home Owner's Loan Act of 1933 in any loan made for the purchase of a recreational vehicle or mobile home which meets or exceeds the safety standards established under this Act. Provides for Federal participation in loans made to veterans purchasing mobile homes and recreational vehicles which meet such standards.
Bill· SS. 3817 (93rd)referred
United States · United States Congress · 25 July 1974
Provides that any national banking association may take, receive, reserve, and charge on any loan or discount made, or upon any notes, bills of exchange, or other evidences of debt, interest at the rate allowed by the laws of the State, Territory, or District where the bank is located, or at a rate of 1 percent in excess of the discount rate on ninety-day commercial paper in effect at the Federal reserve bank in the Federal reserve district where the bank is located, or in the case of a loan to a corporate borrower, at a rate of 5 percent in excess of the discount rate on ninety-day commercial paper in effect at the Federal Reserve bank in the Federal reserve district where the Bank is located, whichever may be the greater, and no more, except that where by the laws of any State a different rate is limited for banks organized under State laws, the rate so limited shall be allowed for associations organized or existing in any such State. Makes provisions with respect to interest rates in order to prevent discrimination against State-chartered insured banks. Permits State-chartered banks to acquire FDIC insurance. Permits savings banks and savings and loan institutions insured under Title IV of the National Housing Act to charge up to 5 percent in excess of the discount rate on ninety-day commercial paper in effect at the Federal Reserve bank in the Federal reserve district where the institution is located.
Bill· HRH.R. 16100 (93rd)referred
United States · United States Congress · 24 July 1974
Provides, under the Internal Revenue Code, an exemption from income taxation for cooperative housing corporations, condominium housing associations, and homeowners' associations, if membership in such organization is limited to owners or occupants therein. Imposes a tax on unrelated business income of such organizations.
Resolution· HRESH.Res. 1252 (93rd)passed
United States · United States Congress · 24 July 1974
Provides that upon the adoption of this resolution it shall be in order to move that the House resolve itself into the Committee of the Whole House on the State of the Union for the consideration of the bill (H.R. 9989) to further the national housing goal of encouraging homeownership by regulating certain lending practices and closing and settlement procedures in federally related mortgage transactions to the end that unnecessary costs and difficulties of purchasing housing are minimized, and for other purposes. Stipulates that after general debate, which shall be confined to the bill and shall continue not to exceed one hour, to be equally divided and controlled by the chairman and ranking minority member of the Committee on Banking and Currency, the bill shall be read for amendment under the five-minute rule. Directs that, at the conclusion of the consideration of the bill for amendment, the Committee shall rise and report the bill to the House with such amendments as may have been adopted, and the previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit.
Bill· SS. 3786 (93rd)referred
United States · United States Congress · 22 July 1974
Provides an exclusion from income taxation under the Internal Revenue Code for corporations, organizations, and associations, not organized for profit, the membership of which is comprised solely of the owners of residential units in a condominium or housing development. Specifies other criteria to be met prior to eligibility for such exclusion. (Amends 26 U.S.C. 501(c))
Bill· HRH.R. 16037 (93rd)referred
United States · United States Congress · 22 July 1974
Provides an exclusion from income taxation under the Internal Revenue Code for cooperative housing corporations, condominium housing associations, and qualified homeowners' associations.
Bill· HRH.R. 15969 (93rd)referred
United States · United States Congress · 17 July 1974
Housing Enforcement Assistance Act - Authorizes the Secretary of Housing and Urban Development to establish within his department a housing enforcement assistance program under which he will make grants as provided in this Act to cities and other municipalities to assist them in the more effective enforcement of local housing codes, including: (1) the employment and compensation of housing inspectors and related or supporting personnel; (2) the establishment and operation of housing courts to provide a forum for the resolution of controversies involving building violations, rent strikes, evictions, and other matters relating to landlord-tenant relations and housing code enforcement; (3) the development and improvement of housing codes; (4) emergency repairs to prevent tenant hardship; and (5) such other actions to deal with aspects of housing code enforcement as in the judgment of the Secretary will significantly help in carrying out the purpose of this Act. Stipulates that the Secretary shall allocate the funds appropriated to the various cities and municipalities in the United States in accordance with a formula appropriately reflecting their need for assistance in the enforcement of housing codes. States that such formula, which shall be published in the Federal Register in advance of such allocation, shall take into account with respect to each of such cities and municipalities its size, the amount and average age of its housing which is threatened with loss from blight or deterioration but could be preserved by more effective enforcement of housing codes, its financial need, and such other factors as the Secretary may determine to be appropriate and in furtherance of the objectives of this Act. Authorizes appropriations of $40,000,000 and carry out the purposes of this Act.