FHA Multifamily Housing Reform Act of 1996

Summary

TABLE OF CONTENTS: Title I: FHA Multifamily Housing Title II: Housing for Special Populations Title III: Extensions of Existing Authority FHA Multifamily Housing Reform Act of 1996 - Title I: FHA Multifamily Housing - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to: (1) insure first (and second) mortgages secured by multifamily housing projects or health care facilities and engage in other credit enhancement activities; and (2) enter into risk-sharing arrangements with qualified participating entities and housing finance agencies. Sets forth program provisions. Title II: Housing for Special Populations - Amends the Housing Act of 1959 and the Cranston-Gonzalez National Affordable Housing Act to: (1) reduce the term of rental assistance contracts for supportive housing for the elderly and for supportive housing for persons with disabilities; and (2) establish environmental review requirements for such programs. Title III: Extensions of Existing Authority - Amends the National Housing Act to extend: (1) auction authority; and (2) authority to transfer excess receipts to the flexible subsidy program.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 June 1996

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• Introduced in House (PDF)

  Introduced in House · EN · 27 June 1996

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• Introduced in House

  summary · EN · 27 June 1996

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