United States · Bill · HR
H.R. 1170 (101st)
First-Time Homebuyers Assistance Act of 1989
Introduced
28 February 1989
Last action
—
Status
Referred to the Subcommittee on Housing and Community Development.
Sponsors
—
Subjects
Discovery layer
Source updated
26 August 2025
Summary
First-Time Homebuyers Assistance Act of 1989 - Directs the Secretary of Housing and Urban Development to establish a demonstration program to insure mortgages with no downpayments for qualifying first-time buyers. Sets forth mortgage and mortgagor eligibility criteria. States that the United States shall be liable for such mortgages but not for any secondary or subsequent liens. Establishes in the Treasury the First-Time Homebuyers Mortgage Insurance Fund to carry out such program. Requires annual program reports to the Congress. Authorizes appropriations.
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 28 February 1989
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/101st-congress/house-bill/1170
- Open data entity: https://api.congress.gov/v3/bill/101/hr/1170