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United States · Amendment · HAMDT

HAMDT 227 (98th)

An amendment to add a new title, Title VI, Guaranteed Loan Demonstration Program. The amendment permits the Secretary to insure loans made by State housing finance agencies or private lenders. Interest subsidies may be provided to borrowers whose incomes does not exceed 130 percent of the median income of the area involved. When the property is sold the borrower must repay the interest subsidies. And, the amendment provides $100,000,000 to carry out the demonstration program.

passedUnited States· United States Congress· EN

Introduced

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Last action

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Status

Amendment Passed in Committee of the Whole by Voice Vote.

Sponsors

Rep. Watkins, Wes [R-OK-3]

Subjects

Housing

Source updated

30 June 2021

Housing

Records

Official amendment HAMDT 227 (98th) from United States at United States Congress. Status: Amendment Passed in Committee of the Whole by Voice Vote..

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Sources

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