United States · Bill · HR
H.R. 2106 (99th)
Homeownership Opportunity Act of 1985
Introduced
18 April 1985
Last action
—
Status
Referred to Subcommittee on Housing and Community Development.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Homeownership Opportunity Act of 1985 - Authorizes the Secretary of Housing and Urban Development to provide loans to very low-income families to permit such families to purchase single-family homes owned by the Department of Housing and Urban Development. Limits program participation to first-time owners. Limits home purchase amounts. Requires a downpayment of the lesser of $500 or two-percent. Requires the Secretary to provide interest and non-interest bearing loans as provided for by this Act. Establishes the Homeownership Opportunity Fund in the Treasury. Authorizes appropriations.
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Documents
1 official file
Introduced in House
summary · EN · 18 April 1985
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/house-bill/2106
- Open data entity: https://api.congress.gov/v3/bill/99/hr/2106