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United States · Bill · HR

H.R. 5275 (103rd)

Federal Housing Trust Fund Act of 1994

referredUnited States· United States Congress· EN

Introduced

7 October 1994

Last action

8 November 1994 · Referred

Status

Referred to the Subcommittee on Housing and Community Development.

Sponsors

Rep. Owens, Major R. [D-NY-11]

Subjects

Housing, Taxation

Source updated

26 August 2025

Housing · Taxation

Official sourceDownload fileView documentsShare

Summary

TABLE OF CONTENTS: Title I: Reduction of Certain Tax Benefits for Higher Income Taxpayers and Establishment of Housing Trust Fund Title II: Administration of Housing Trust Fund and Entitlement Program for Formula Grants for Affordable Housing Federal Housing Trust Fund Act of 1994 - Title I: Reduction of Certain Tax Benefits for Higher Income Taxpayers and Establishment of Housing Trust Fund - Amends the Internal Revenue Code to: (1) limit mortgage interest and property tax deductions for taxpayers whose adjusted gross income exceeds $75,000; (2) treat property acquired from a decedent as property acquired by gift for purposes of basis determinations; (3) phase in capital gains tax on inherited property; and (4) create in the Treasury the Housing Trust Fund (Fund). Title II: Administration of Housing Trust Fund and Entitlement Program for Formula Grants for Affordable Housing - Directs the Secretary of Housing and Urban Development to make affordable housing grants from the Fund to qualifying entities. Requires such entities to carry out housing costs and housing supply assistance programs. Establishes a Housing Trust Fund Advisory Committee. Amends the Department of Housing and Urban Development Act to establish in the Department of Housing and Urban Development a position of Administrator of the Housing Trust Fund.

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

Timeline

  1. 7 October 1994

    Introduced

    Referred to the House Committee on Banking, Finance + Urban Affrs.

    Source: IntroReferral

  2. 7 October 1994

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 7 October 1994

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 8 October 1994

    Introduced

    Sponsor introductory remarks on measure. (CR E2272-2273)

    Source: IntroReferral

  5. 8 November 1994

    Referred

    Referred to the Subcommittee on Economic Growth and Credit Formation.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 7 October 1994

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 7 October 1994

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 7 October 1994

    Open at official source

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Sponsors

Related records

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Sources

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