Community Partners Neighborhood Preservation Act of 2011

Summary

Community Partners Neighborhood Preservation Act of 2011 - Amends the National Housing Act to provide: (1) a 50% discount for teachers and public safety officers purchasing certain eligible asset properties for use as their primary residence during a certain period of fiscal years, and (2) a $100 downpayment on any related insured mortgage. Authorizes such sales directly to a qualifying individual or to a unit of local government or a nonprofit organization for resale to such individual. Expresses the sense of Congress that the Secretary of Housing and Urban Development (HUD) should consult with the heads of other federal agencies that own or hold properties appropriate for use as housing to determine the possibility and effectiveness of including such properties in programs that make housing available for law enforcement officers, teachers, or fire fighters. Makes a public safety officer or teacher eligible to purchase any property owned or held by the Secretary pursuant to: (1) foreclosure of any HUD-insured mortgage; or (2) assignment of the mortgage, deed in lieu of foreclosure, conveyance of title, or any other acquisition of the property or mortgage in connection with the payment of insurance benefits by the Secretary. Directs the Secretary to revise the Good Neighbor Next Door Initiative to provide that the subordinate mortgage on the property of a mortgagor who purchased it under the Initiative shall be released in any case in which the mortgagor loses his or her employment position as a law enforcement officer, teacher, firefighter, or emergency medical technician as a result of any reductions in force or other reason other than dismissal for cause. Directs the Secretary of HUD, in making any real estate owned by HUD available for purchase, to provide a preference for purchase by public safety officers and teachers.

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

Timeline

1. 13 December 2011

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 13 December 2011

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 December 2011

   Introduced

   Introduced in House

   Source: IntroReferral

4. 12 January 2012

   Referred

   Referred to the Subcommittee on Insurance, Housing and Community Opportunity.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 13 December 2011 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 December 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 13 December 2011

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 13 December 2011

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Baca, Joe [D-CA-43] · D · Sponsor
• · hsba00 · Standing

Related records

• related to → Community Partners Next Door Act of 2011
• related to → Community Partners Neighborhood Preservation Act of 2011