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United States · Bill · HR

H.R. 5487 (110th)

Affordable Homeownership Preservation Fund Act of 2008

referredUnited States· United States Congress· EN

Introduced

25 February 2008

Last action

25 February 2008 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Sanchez, Loretta [D-CA-46], Rep. Clarke, Yvette D. [D-NY-9]

Subjects

Housing

Source updated

14 August 2025

Housing

Official sourceDownload fileView documentsShare

Summary

Affordable Homeownership Preservation Fund Act of 2008 - Amends the Neighborhood Reinvestment Corporation Act to establish in the Treasury an Affordable Homeownership Preservation Fund to allow the Neighborhood Reinvestment Corporation, doing business as Neighborworks America, to provide financial assistance through grants to community development organizations for eligible activities to enhance and improve the availability of affordable housing. Requires such eligible activities to be: (1) carried out in accordance with the comprehensive strategic plan for the organization submitted under this Act; and (2) consistent with existing economic, community, and housing development plans adopted by or applicable to the area or targeted population served by the organization. Allows such activities to include: (1) assisting distressed homeowners with small low-interest or no-interest loans; (2) making mortgage loans to first-time homebuyers; and (3) purchasing, rehabilitating, and selling foreclosed properties for owner-occupancy.

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

Timeline

  1. 25 February 2008

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 25 February 2008

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 25 February 2008

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

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 · 25 February 2008

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 25 February 2008

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 25 February 2008

    Open at official source

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Sponsors

Related records

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Sources

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