Residential Rental Unit Conversion Moratorium and Tenants Assistance Act

Summary

Residential Rental Unit Conversion Moratorium and Tenants Assistance Act - Prohibits for three years the use of federally related loans or Federal assistance for conversions of residential rental units to residential sales units. Exempts specified tenant organization conversions. Makes it illegal to assist in the conversion or sale of such units. Sets forth penalties. Authorizes the Secretary of Housing and Urban Development to make grants to local governmental units for persons adversely affected by such conversions. Directs the Secretary to establish a Commission on the Conversion of Residential Rental Units. Requires the Commission to study the problem of residential conversions and report to the Congress within 13 months. Authorizes FY 1986 through 1988 appropriations.

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Timeline

1. 10 October 1985

   Referred

   Referred to Subcommittee on Housing and Community Development.

   Source: Committee

2. 10 October 1985

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

3. 10 October 1985

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 October 1985

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 10 October 1985

  Open at official source

Sponsors

• Rep. Ackerman, Gary L. [D-NY-5] · D · Sponsor
• · hsba00 · Standing

Related records

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