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United States · Bill · HR

H.R. 4822 (106th)

American Communities Investment Act of 1999

referredUnited States· United States Congress· EN

Introduced

11 July 2000

Last action

Status

Referred to the Subcommittee on Housing and Community Opportunity.

Sponsors

Subjects

Discovery layer

Source updated

20 August 2025

Summary

American Communities Investment Act of 1999 - Amends the Housing and Community Development Act of 1974 to revise requirements for the maximum amount of outstanding loan guarantees for a single issuer in connection with community development. Mandates participation of the major stakeholders in the community in which activities funded with guaranteed obligations will be implemented. Amends the Federal Home Loan Bank Act to set forth parameters within which: (1) Federal home loan banks may make advances to a nonmember mortgagee for community lending purposes; and (2) each Federal home loan bank shall establish a Community Lending Fund to facilitate community lending by its members and nonmember mortgagees.

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Documents

3 official files

Introduced in House (text)

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Sources

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