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United States · Bill · HR

H.R. 1989 (111th)

Section 538 Improvement Act of 2009

referredUnited States· United States Congress· EN

Introduced

21 April 2009

Last action

21 April 2009 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Shelley Capito, Rep. Davis, Lincoln [D-TN-4], Rep. Hinojosa, Ruben [D-TX-15], Rep. Bartlett, Roscoe G. [R-MD-6], Rep. Bilbray, Brian P. [R-CA-50], Rep. Souder, Mark E. [R-IN-3], Robert Latta

Subjects

Housing

Source updated

14 August 2025

Housing

Summary

Section 538 Improvement Act of 2009 - Amends the Omnibus Appropriations Act, 2009 regarding the Rural Housing Service-Rural Housing Insurance Fund Program Account. Repeals the declaration that, for applications received under the 2009 notice of funding availability, section 538 multi-family housing guaranteed loans funded under such Act shall not be subject to a guarantee fee and the interest on such loans may not be subsidized. Authorizes the Secretary of Housing and Urban Development (HUD) to: (1) reduce the funding under such Act for section 538 multi-family housing guaranteed loans by up to $29.09 million; and (2) use such amounts as equivalent funds to subsidize the interest on such guaranteed loans for which applications are received under the 2009 notice of funding availability.

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

Timeline

  1. 21 April 2009

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 21 April 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 21 April 2009

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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Sponsors

Related records

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Sources

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