A bill to amend section 235 of the National Housing Act to provide that increases in a mortgagor's income shall be taken into account (for purposes of determining the amount of his required mortgage payment under the program of homeownership for lower income families) only to the extent that they exceed increases in the cost of living.

Summary

Provides that increases in a mortgagor's income shall be taken into account (for purposes of determining the amount of his required mortgage payment under the program of homeownership under the National Housing Act for lower income families) only to the extent that they exceed increases in the cost of living.

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1 official file

• Introduced in House

  summary · EN · 26 June 1974

  Open at official source

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