Children's Development Commission Act (Kiddie Mac)

Summary

Children's Development Commission Act (Kiddie Mac) - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure mortgages for: (1) new or rehabilitated child care and development facilities, including mortgage insurance for fire safety equipment loans; and (2) purchase or refinance of existing child care and development facilities. Establishes the Children's Development Commission (Kiddie Mac) which shall: (1) issue facility standards and compliance certifications; and (2) make loans not in excess of $50,000 for facility rehabilitation or renovation. Authorizes appropriations. Directs the Secretary of the Treasury to conduct a study of the availability of child care facility secondary mortgage markets.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 26 July 2002

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• Introduced in House (PDF)

  Introduced in House · EN · 26 July 2002

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• Introduced in House

  summary · EN · 26 July 2002

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