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United States · Bill · HR

H.R. 3278 (101st)

Homebuyers and Renters Relief Act of 1989

referredUnited States· United States Congress· EN

Introduced

14 September 1989

Last action

Status

Referred to the Subcommittee on Housing and Community Development.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Homebuyers and Renters Relief Act of 1989 - Title I: Tax Exclusion for Distributions for First-Time Home Purchase - Amends the Internal Revenue Code to exclude from gross income certain retirement plan (individual retirement accounts, defined contribution plans) distributions used for a first-time home purchase. Title II: Rental Housing Production - Authorizes the Secretary of Housing and Urban Development to make repayable advances to public and private sector project sponsors for rental housing construction and rehabilitation. Establishes in the Treasury the Rental Housing Production Fund.

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Documents

2 official files

Introduced in House (text)

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Sources

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