An amendment to permit HUD to make grants to Community Development Corporations to buy down interest rates (to as low as 60% of market rates) on economic development loans made to businesses and non-profit organizations for projects and activities that assist in the rejuvenation of economically depressed areas. Eligible areas would include those designated as federal enterprise zones and areas that would be eligible for assistance under the Urban Development Action Grant program.

passedUnited States· United States Congress· EN

Introduced

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Last action

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Status

On agreeing to the Traficant amendment (A026) Agreed to by voice vote.

Records

Official amendment HAMDT 658 (101st) from United States at United States Congress. Status: On agreeing to the Traficant amendment (A026) Agreed to by voice vote..

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Related records

amends → Housing and Community Development Act of 1990

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/amendment/101st-congress/hamdt-658
Open data entity: https://api.congress.gov/v3/amendment/101/hamdt/658
us · 101-hamdt-658 · source updated 1 July 2021