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United States · Bill · HR

H.R. 3507 (108th)

Improving Homeownership Opportunities in High-Cost States Act

referredUnited States· United States Congress· EN

Introduced

18 November 2003

Last action

2 January 2004 · Referred

Status

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Sponsors

Rep. Sherman, Brad [D-CA-32], Rep. Israel, Steve [D-NY-3], Rep. Crowley, Joseph [D-NY-14], Rep. McCarthy, Carolyn [D-NY-4], Rep. Weiner, Anthony D. [D-NY-9], Rep. Lynch, Stephen F. [D-MA-8], Rep. Miller, George [D-CA-11], Rep. Farr, Sam [D-CA-20], Rep. Millender-McDonald, Juanita [D-CA-37], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Capps, Lois [D-CA-24], Rep. Davis, Susan A. [D-CA-53], Rep. Lofgren, Zoe [D-CA-18], Rep. Pelosi, Nancy [D-CA-11], Rep. Matsui, Robert T. [D-CA-5], Sen. Schiff, Adam B. [D-CA], Rep. Lee, Barbara [D-CA-12], Rep. Berman, Howard L. [D-CA-28], Rep. Honda, Michael M. [D-CA-15], Rep. Lantos, Tom [D-CA-12], Rep. Harman, Jane [D-CA-36], Rep. Becerra, Xavier [D-CA-34], Rep. Waters, Maxine [D-CA-43], Rep. Filner, Bob [D-CA-51], Rep. Pallone, Frank [D-NJ-6], Rep. Bishop, Timothy H. [D-NY-1], Rep. Tauscher, Ellen O. [D-CA-10], Rep. Sánchez, Linda T. [D-CA-38], Rep. Eshoo, Anna G. [D-CA-18], Rep. McNulty, Michael R. [D-NY-23], Rep. Roybal-Allard, Lucille [D-CA-40], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Gallegly, Elton [R-CA-24], Rep. Waxman, Henry A. [D-CA-33], Rep. Andrews, Robert E. [D-NJ-1], Rep. Larson, John B. [D-CT-1], Rep. Sanchez, Loretta [D-CA-46], Rep. Nadler, Jerrold [D-NY-12], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Holt, Rush [D-NJ-12], Rep. Stark, Fortney Pete [D-CA-13], Rep. Baca, Joe [D-CA-43], Rep. Napolitano, Grace F. [D-CA-32]

Subjects

Housing

Source updated

18 August 2025

Housing

Official sourceDownload fileView documentsShare

Summary

Improving Homeownership Opportunities in High-Cost States Act - Amends the Federal National Mortgage Association Charter Act (Fannie Mae) and the Federal Home Loan Mortgage Corporation Act (Freddie Mac) to include among the exceptions to the prohibition that an outstanding mortgage cannot exceed 80 percent of the securing property's value for a residential mortgage those properties located in a State containing any high-cost metropolitan statistical area (or portion thereof). Bases such high-cost determination on specified quarterly average one-family home prices.

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

Timeline

  1. 18 November 2003

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 18 November 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 18 November 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 2 January 2004

    Referred

    Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 18 November 2003

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 18 November 2003

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 18 November 2003

    Open at official source

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Sponsors

Related records

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Sources

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