A bill to amend the National Housing Act to increase the principal amount for which the Secretary of Housing and Urban Development may provide insurance for mortgages secured by single-family residences.

referredUnited States· United States Congress· EN

Introduced

14 July 1987

Last action

—

Status

Referred to Subcommittee on Housing and Community Development.

Summary

Amends the National Housing Act to revise the method for determining the maximum principal amount for which the Secretary of Housing and Urban Development may provide insurance for mortgages secured by single-family residences. Permits a ceiling based on 75 percent of the median price of comparable housing in a metropolitan statistical area.

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Documents

1 official file

Introduced in House
summary · EN · 14 July 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/2930
Open data entity: https://api.congress.gov/v3/bill/100/hr/2930