Affordable Family Home Mortgage Act of 1988

Summary

Affordable Family Home Mortgage Act of 1988 - Permits eligible first-time homebuyers to enter into an agreement with a qualified lending institution to transfer their mortgage interest tax benefits to such lender for the first five years of the mortgage. Amends the Internal Revenue Code to permit a five-year transfer of the amount of mortgage interest deduction from an eligible first-time homebuyer to a qualifying lending institution.

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

Timeline

1. 13 October 1988

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 13 October 1988

   Introduced

   Introduced in House

   Source: IntroReferral

3. 13 October 1988

   Introduced

   Introduced in House

   Source: IntroReferral

4. 21 October 1988

   Referred

   Referred to Subcommittee on Housing and Community Development.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 13 October 1988

  Open at official source

Sponsors

• Rep. Johnson, Nancy L. [R-CT-5] · R · Sponsor
• · hsba00 · Standing
• · hswm00 · Standing

Related records

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