American Homeownership and Economic Opportunity Act of 2000

Summary

TABLE OF CONTENTS: Title I: Removal of Barriers to Housing Affordability Title II: Homeownership Through Mortgage Insurance and Loan Guarantees Title III: Section 8 Homeownership Option Title IV: Community Development Block Grants Title V: Home Investment Partnerships Program Title VI: Local Homeownership Initiatives Title VII: Manufactured Housing Improvement Title VIII: Indian Housing Homeownership Title IX: Transfer of Unoccupied and Substandard Hud-Held Housing to Local Governments and Community Development Corporations Title X: Private Mortgage Insurance Cancellation and Termination American Homeownership and Economic Opportunity Act of 1999 - Title I: Removal of Barriers to Housing Affordability - Housing Affordability Barrier Removal Act of 1999 - Requires proposed and final agency rules to analyze their impact upon affordable housing availability, including provision for interested parties to offer alternatives, which shall be incorporated into the final rule if found to accomplish required objectives with a less deleterious effect upon housing. Directs the Secretary of Housing and Urban Development (HUD) to develop model housing impact analyses. (Sec. 103) Amends the Housing and Community Development Act of 1992 to authorize direct appropriations for State and local grants for regulatory barrier removal. Makes consortia of local governments eligible grantees. Requires grant use in coordination with the local comprehensive affordability strategy under the Cranston-Gonzalez National Affordable Housing Act. (Sec. 104) Amends the Housing and Community Development Act of 1974 to require jurisdictions to make good faith efforts at affordable housing barrier removal in order to qualify for community development block grants (CDBG) (without creating a private right of action). (Sec. 105) Amends the Housing and Community Development Act of 1992 to state that the regulatory barriers clearinghouse shall be established within the Office of Policy Development of HUD under the direction of the Assistant Secretary for Policy Development and Research. Title II: Homeownership Through Mortgage Insurance and Loan Guarantees - Directs the Comptroller General of the United States to conduct a study of mandatory inspection requirements under the single family housing mortgage insurance program. (Sec. 202) Amends the National Housing Act to extend the loan term for manufactured home lot purchases. (Sec. 203) Neighborhood Teachers Act - Amends the National Housing Act to establish a (temporary) discounted home purchase program for elementary and secondary teachers. Sets forth program provisions, including a three-year residential use requirement. (Sec. 204) Authorizes mortgage insurance to refinance existing home equity conversion mortgages. Title III: Section 8 Homeownership Option - Amends the United States Housing Act to provide a single grant home ownership downpayment option under the section 8 housing assistance program. Title IV: Community Development Block Grants - Amends the Housing and Community Development Act of 1974 to authorize appropriations for the CDBG program. Prohibits set-asides, with specified exceptions. (Sec. 403) Authorizes block grant use for: (1) qualifying municipal employee (including teachers) home ownership assistance; and (2) brownfields projects environmental cleanup and economic development. (Sec. 405) Amends the Cranston-Gonzalez National Affordable Housing Act to authorize appropriations for the housing opportunities for persons with AIDS program. Title V: Home Investment Partnerships Program - Amends the Cranston-Gonzalez National Affordable Housing Act to authorize appropriations for affordable housing programs. Prohibits set-asides, with specified exceptions. (Sec. 502) Makes limited equity cooperatives and mutual housing associations eligible for home investment partnerships. (Sec. 503) Permits loan pool investment of partnership funds. (Sec. 504) Authorizes the Secretary to make home investment partnerships loan guarantees. Sets forth an aggregate loan guarantee limitation. (Sec. 505) Amends the Cranston-Gonzalez National Affordable Housing Act to make qualifying municipal employees (including teachers) eligible for home ownership assistance. Title VI: Local Homeownership Initiatives - Amends the Neighborhood Reinvestment Corporation Act to authorize appropriations for the Neighborhood Reinvestment Corporation. (Sec. 602) Amends the Housing and Community Development Act of 1992 to revise the home ownership zone grant program, including providing: (1) grant eligibility for units of general local government (currently nonprofit organizations); and (2) assistance targeting for specified low-income home buyers. Authorizes appropriations. (Sec. 603) Expresses the sense of Congress in favor of lease-to-own tenancies as home ownership tools. (Sec. 604) Amends the HUD Demonstration Act of 1993 to make the National Association of Housing Partnerships eligible for local capacity grants. Removes the specified amount of authorized appropriations. (Sec. 605) Amends the Cranston-Gonzalez National Affordable Housing Act to provide for a consolidated application and planning submission under the following programs: (1) HOME investment partnerships; (2) CDBG; (3) the economic development initiative; (4) emergency shelter grants; and (5) housing opportunities for persons with AIDS. Title VII: Manufactured Housing Improvement - Manufactured Housing Improvement Act - Amends the National Manufactured Housing Construction and Safety Standards Act of 1974 to revise Federal construction and safety provisions for manufactured homes based upon a consensus standards development process. Eliminates the National Manufactured Home Advisory Council. Title VIII: Indian Housing Homeownership - Establishes the Lands Title Report Commission to facilitate home loan Mortgages on Indian trust lands. Terminates the Commission one year after its initial meeting. Authorizes appropriations. (Sec. 802) Amends the Housing and Community Development Act of 1992 to make permanent Indian housing loan guarantee authority. Title IX: Transfer of Unoccupied and Substandard HUD-Held Housing to Local Governments and Community Development Corporations - Amends the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997 to direct the Secretary of Housing and Urban Development to transfer ownership of qualified HUD-held properties (substandard or unoccupied multifamily or unoccupied single family properties) to local governments and community development corporations under specified conditions. Title X: Private Mortgage Insurance Cancellation and Termination - Amends the Homeowners Protection Act of 1998 with respect to adjustable rate mortgages to: (1) revise definitions of "cancellation date" and "termination date"; (2) define "amortization schedule"; and (3) revise high risk loan provisions. (Sec. 1002) Authorizes modifications of termination, cancellation, and final termination date provisions. (Sec. 1003) Sets forth provisions regarding: (1) disclosure; and (2) balloon payments.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 12 May 1999

   Introduced

   Referred to the House Committee on Banking and Financial Services.

   Source: IntroReferral

2. 12 May 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 12 May 1999

   Introduced

   Introduced in House

   Source: IntroReferral

4. 28 May 1999

   Referred

   Referred to the Subcommittee on Housing and Community Opportunity.

   Source: Committee

5. 15 September 1999

   Committee

   Subcommittee mark-up & forwarded to finance committee.

   Source: Committee

6. 14 March 2000

   Reported

   Ordered to be Reported (Amended) by Voice Vote.

   Source: Committee

7. 14 March 2000

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

8. 29 March 2000

   Calendars

   Placed on the Union Calendar, Calendar No. 300.

   Source: Calendars

9. 29 March 2000

   Reported

   Reported (Amended) by the Committee on Banking and Financial Services. H. Rept. 106-553.

   Source: Committee

10. 29 March 2000

    Reported

    Reported (Amended) by the Committee on Banking and Financial Services. H. Rept. 106-553.

    Source: Committee

11. 5 April 2000

    Passed

    PERMISSION TO FILE A REPORT - Mr. Leach asked unanimous consent that the Committee on Banking and Financial Services may have permission to file a supplemental report on the bill H.R. 1776. Agreed to without objection.

    Source: Floor

12. 5 April 2000

    Committee

    Supplemental report filed by the Committee on Banking and Financial Services, H. Rept. 106-553, Part II.

    Source: Committee

13. 5 April 2000

    Committee

    Supplemental report filed by the Committee on Banking and Financial Services, H. Rept. 106-553, Part II.

    Source: Committee

14. 5 April 2000

    Reported

    Rules Committee Resolution H. Res. 460 Reported to House. Rule provides for consideration of H.R. 1776 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Banking and Financial Services now printed in the bill. Measure will be considered read. Specified amendments are in order.

    Source: Floor

15. 6 April 2000

    Floor

    The previous question was ordered pursuant to the rule.

    Source: Floor

16. 6 April 2000

    Floor

    The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1776.

    Source: Floor

17. 6 April 2000

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

18. 6 April 2000

    Vote

    On passage Passed by recorded vote: 417 - 8 (Roll no. 110).

    Source: Floor

19. 6 April 2000

    Vote

    Passed/agreed to in House: On passage Passed by recorded vote: 417 - 8 (Roll no. 110).

    Source: Floor

20. 6 April 2000

    Passed

    The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. (text: CR H1868-1889)

    Source: Floor

21. 6 April 2000

    Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1776.

    Source: Floor

22. 6 April 2000

    Floor

    Rule provides for consideration of H.R. 1776 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Banking and Financial Services now printed in the bill. Measure will be considered read. Specified amendments are in order.

    Source: Floor

23. 6 April 2000

    Floor

    The Speaker designated the Honorable Edward A. Pease to act as Chairman of the Committee.

    Source: Floor

24. 6 April 2000

    Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 460 and Rule XXIII.

    Source: Floor

25. 6 April 2000

    Floor

    Considered under the provisions of rule H. Res. 460. (consideration: CR H1857-1941)

    Source: Floor

26. 6 April 2000

    Passed

    Rule H. Res. 460 passed House.

    Source: Floor

27. 7 April 2000

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

28. 20 June 2000

    Committee

    Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing and Transportation. Hearings held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 7 April 2000 · Download file
• Engrossed in House · 6 April 2000 · Download file
• Reported in House · 29 March 2000 · Download file
• Introduced in House · 12 May 1999 · Download file

Documents

11 official files

• Referred in Senate (text)

  Referred in Senate · EN · 7 April 2000

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• Referred in Senate (PDF)

  Referred in Senate · EN · 7 April 2000

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• Engrossed in House (text)

  Engrossed in House · EN · 6 April 2000

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• Engrossed in House (PDF)

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• Passed House amended

  summary · EN · 6 April 2000

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• Reported in House (text)

  Reported in House · EN · 29 March 2000

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• Reported in House (PDF)

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• Reported to House with amendment(s)

  summary · EN · 29 March 2000

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• Introduced in House (text)

  Introduced in House · EN · 12 May 1999

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• Introduced in House (PDF)

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• Introduced in House

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Sponsors

• Rep. Lazio, Rick [R-NY-2] · R · Sponsor
• Rep. Leach, James A. [R-IA-2] · R · Sponsor
• Rep. Weygand, Robert A. [D-RI-2] · D · Cosponsor
• Rep. Kelly, Sue W. [R-NY-19] · R · Cosponsor
• Rep. Hall, Ralph M. [R-TX-4] · D · Cosponsor
• Rep. Ramstad, Jim [R-MN-3] · R · Cosponsor
• Rep. McIntosh, David M. [R-IN-2] · R · Cosponsor
• Rep. Pickering, Charles W. "Chip" [R-MS-3] · R · Cosponsor
• Rep. Gilman, Benjamin A. [R-NY-20] · R · Cosponsor
• Rep. Weller, Jerry [R-IL-11] · R · Cosponsor
• Rep. Morella, Constance A. [R-MD-8] · R · Cosponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Cosponsor
• Rep. Roukema, Marge [R-NJ-5] · R · Cosponsor
• Rep. Ballenger, Cass [R-NC-10] · R · Cosponsor
• Rep. Boehlert, Sherwood [R-NY-24] · R · Cosponsor
• Rep. Schaffer, Bob [R-CO-4] · R · Cosponsor
• Rep. Metcalf, Jack [R-WA-2] · R · Cosponsor
• Rep. Green, Gene [D-TX-29] · D · Cosponsor
• Rep. Doyle, Michael F. [D-PA-14] · D · Cosponsor
• Rep. Cook, Merrill [R-UT-2] · R · Cosponsor
• Rep. Gonzalez, Charles A. [D-TX-20] · D · Cosponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Cosponsor
• Rep. Jones, Walter B., Jr. [R-NC-3] · R · Cosponsor
• Rep. Aderholt, Robert B. [R-AL-4] · R · Cosponsor
• Rep. Pryce, Deborah [R-OH-15] · R · Cosponsor
• Rep. Sandlin, Max [D-TX-1] · D · Cosponsor
• Rep. Ney, Robert W. [R-OH-18] · R · Cosponsor
• Rep. English, Phil [R-PA-3] · R · Cosponsor
• Rep. Hooley, Darlene [D-OR-5] · D · Cosponsor
• Rep. Edwards, Chet [D-TX-17] · D · Cosponsor
• Rep. Myrick, Sue Wilkins [R-NC-9] · R · Cosponsor
• Rep. Baldacci, John Elias [D-ME-2] · D · Cosponsor
• Rep. Goode, Virgil H., Jr. [R-VA-5] · D · Cosponsor
• Rep. Bishop, Sanford D. [D-GA-2] · D · Cosponsor
• Rep. Danner, Pat [D-MO-6] · D · Cosponsor
• Rep. Young, Don [R-AK-At Large] · R · Cosponsor
• Rep. Rahall, Nick J., II [D-WV-3] · D · Cosponsor
• Rep. Hill, Rick [R-MT-At Large] · R · Cosponsor
• Rep. Upton, Fred [R-MI-6] · R · Cosponsor
• Rep. Dunn, Jennifer [R-WA-8] · R · Cosponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Cosponsor
• Rep. Moore, Dennis [D-KS-3] · D · Cosponsor
• Rep. Minge, David [D-MN-2] · D · Cosponsor
• Rep. Castle, Michael N. [R-DE-At Large] · R · Cosponsor
• Rep. Brown, Corrine [D-FL-5] · D · Cosponsor
• Rep. Campbell, Tom [R-CA-15] · R · Cosponsor
• Rep. Reyes, Silvestre [D-TX-16] · D · Cosponsor
• Rep. Peterson, John E. [R-PA-5] · R · Cosponsor

Showing 48 of 158 sponsors and actors.

Related records

• related to → Providing for consideration of the bill (H.R. 1776) to expand homeownership in the United States.
• related to ← American Homeownership and Economic Opportunity Act of 2000
• amends ← An amendment numbered 2 printed in House Report 106-562 to strike section 203 (Reduced Downpayment Requirement For Loans for Teachers and Uniformed Municipal Employees-CDBG funds) and section 505 (Homeownership for Municipal Employees-HOME Funds) from the bill.
• amends ← An amendment numbered 6 printed in House Report 106-562 to increase the loan limit for the Title I single family home improvement program from $25,000 to $32,500 to reflect the increase in housing material costs since 1991 when the limit was last increased.
• amends ← An amendment numbered 10 printed in House Report 106-562 to authorize $35 million special purpose CDBG funds for site acquisition, planning, architectural design and construction of a convocation and community center in Youngstown, Ohio.
• amends ← An amendment numbered 3 printed in House Report 106-562 to add nurses who work in hospitals or nursing homes to the list of workers who would be eligible under the bill to receive special homeownership assistance through the CDBG and HOME programs, or obtain 1% downpayment FHA home loans.
• amends ← An amendment numbered 1 printed in House Report 106-562. This manager's amendment made in order by the rule, makes sundry improvements, changes and clarifications to the bill.
• amends ← An amendment numbered 7 printed in House Report 106-562 to strike language in Title IV that raises the CDBG income eligibility for a median household income and brings it back down to the existing level.
• amends ← An amendment numbered 5 printed in House Report 106-562 to require that home energy efficiency reviews performed in conjunction with certain FHA loans be conducted only by accredited "home energy rating system providers" who have the appropriate training and knowledge to certify a home as meeting specified energy efficiency standards.

Showing 9 of 14 related records.