Neighborhood Stabilization Act of 2008

referredUnited States· United States Congress· EN

Introduced

16 April 2008

Last action

12 May 2008 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

Neighborhood Stabilization Act of 2008 - Requires the Secretary of Housing and Urban Development (HUD) to make grants and loans to qualified states, in accordance with HUD-approved plans, to carry out eligible housing stimulus activities. Allows such loans to be used by a state, a unit of local government or its entity, or a nonprofit organization. Limits the use of such loans to: (1) purchasing or financing the purchase of qualified foreclosed housing for resale as housing for homeownership to families having incomes of up to 140% of the median income for the area in which the housing is located; (2) rental of such housing only by families whose incomes do not exceed 100% of such median income in the area; and (3) rehabilitation of such property for the purpose of reselling it within three months at a price as close as possible to its acquisition price. Limits the use of grants to: (1) property holding and operating costs; (2) property-related acquisition costs; and (3) state-related administrative and planning costs. Requires the Secretary, by regulation, to prohibit the use of such grants or loans for: (1) political activities; (2) advocacy; (3) lobbying, whether directly or through other parties; (4) counseling services; (5) travel expenses; and (6) preparing or providing advice on tax returns. Requires the use of such grants to provide housing only for families with: (1) very low-income; and (2) extremely low-income. Prohibits a loan or grant recipient from discriminating against a prospective tenant because the individual holds a voucher or certificate of eligibility under section 8 (public housing rental assistance) of the United States Housing Act of 1937. Conditions the use of such loans or grants on a shared appreciation agreement between the federal government and the owner of such housing regarding the federal share of proceeds from its sale or disposition. Directs the Secretary to require a state to reimburse the Treasury for amounts of any misused funds.

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

Timeline

16 April 2008
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
16 April 2008
Introduced
Introduced in House
Source: IntroReferral
16 April 2008
Introduced
Introduced in House
Source: IntroReferral
23 April 2008
Vote
Ordered to be Reported (Amended) by the Yeas and Nays: 38 - 26.
Source: Committee
23 April 2008
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
1 May 2008
Calendars
Placed on the Union Calendar, Calendar No. 383.
Source: Calendars
1 May 2008
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 110-616.
Source: Committee
1 May 2008
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 110-616.
Source: Committee
6 May 2008
Reported
Rules Committee Resolution H. Res. 1174 Reported to House. Rule provides for consideration of H.R. 5818. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against the committee amendment in the nature of a substitute are waived except those arising under clause 10 of rule XXI. Notwithstanding clause 11 of rule XVIII, no amendment to the committee amendment in the nature of a substitute shall be in order except those printed in the report of the Committee on Rules accompanying this resolution.
Source: Floor
7 May 2008
Floor
Committee of the Whole House on the state of the Union rises leaving H.R. 5818 as unfinished business.
Source: Floor
7 May 2008
Vote
On motion that the Committee rise Failed by recorded vote: 184 - 231 (Roll no. 292).
Source: Floor
7 May 2008
Floor
Mr. Simpson moved that the Committee rise.
Source: Floor
7 May 2008
Floor
The Speaker designated the Honorable Ellen O. Tauscher to act as Chairwoman of the Committee.
Source: Floor
7 May 2008
Floor
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1174 and Rule XVIII.
Source: Floor
7 May 2008
Floor
Rule provides for consideration of H.R. 5818. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against the committee amendment in the nature of a substitute are waived except those arising under clause 10 of rule XXI. Notwithstanding clause 11 of rule XVIII, no amendment to the committee amendment in the nature of a substitute shall be in order except those printed in the report of the Committee on Rules accompanying this resolution.
Source: Floor
7 May 2008
Floor
Considered under the provisions of rule H. Res. 1174. (consideration: CR H3154-3177)
Source: Floor
7 May 2008
Passed
Rule H. Res. 1174 passed House.
Source: Floor
8 May 2008
Floor
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 5818.
Source: Floor
8 May 2008
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
8 May 2008
Vote
On passage Passed by recorded vote: 239 - 188 (Roll no. 299).
Source: Floor
8 May 2008
Vote
Passed/agreed to in House: On passage Passed by recorded vote: 239 - 188 (Roll no. 299).
Source: Floor
8 May 2008
Vote
On motion to recommit with instructions Failed by recorded vote: 210 - 216 (Roll no. 298).
Source: Floor
8 May 2008
Floor
The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H3201-3202)
Source: Floor
8 May 2008
Floor
Mr. Shadegg moved to recommit with instructions to Financial Services. (consideration: CR H3196; text: CR H3196)
Source: Floor
8 May 2008
Passed
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. (text: CR 5/7/2008 H31563-3166)
Source: Floor
8 May 2008
Floor
The previous question was ordered pursuant to the rule. (consideration: CR H3195)
Source: Floor
8 May 2008
Floor
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 5818.
Source: Floor
8 May 2008
Vote
On sustaining the ruling of the Chair. Agreed to by recorded vote: 235 - 182, 6 Present (Roll no. 296). (consideration: CR H3192-3194)
Source: Floor
8 May 2008
Floor
Mr. Westmoreland appealed the ruling of the Chair. The question was then put on sustaining the ruling of the Chair.
Source: Floor
8 May 2008
Floor
POINT OF ORDER - Mr. Westmoreland made a point of order that roll call 295 was held open for the sole purpose of changing the outcome. The Chair ruled that the most effective remedy was raising a question of privilege of the House as opposed to a point of order.
Source: Floor
8 May 2008
Floor
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
Source: Floor
8 May 2008
Floor
Considered as unfinished business. (consideration: CR H3191-3202)
Source: Floor
12 May 2008
Introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Referred in Senate · 12 May 2008 · Official file
Engrossed in House · 8 May 2008 · Official file
Reported in House · 1 May 2008 · Official file
Introduced in House · 16 April 2008 · Official file

Documents

11 official files

Referred in Senate (text)

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Referred in Senate (text)
Referred in Senate · EN · 12 May 2008
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Referred in Senate (PDF)
Referred in Senate · EN · 12 May 2008
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Engrossed in House (text)
Engrossed in House · EN · 8 May 2008
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Engrossed in House (PDF)
Engrossed in House · EN · 8 May 2008
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Passed House amended
summary · EN · 8 May 2008
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Reported in House (text)
Reported in House · EN · 1 May 2008
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Reported in House (PDF)
Reported in House · EN · 1 May 2008
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Reported to House with amendment(s)
summary · EN · 1 May 2008
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Introduced in House (text)
Introduced in House · EN · 16 April 2008
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Introduced in House (PDF)
Introduced in House · EN · 16 April 2008
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Introduced in House
summary · EN · 16 April 2008
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Related records

related to → Providing for consideration of the bill (H.R. 5818) to authorize the Secretary of Housing and Urban Development to make loans to States to acquire foreclosed housing and to make grants to States for related costs.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/110th-congress/house-bill/5818
Open data entity: https://api.congress.gov/v3/bill/110/hr/5818
us · 110-hr-5818 · source updated 7 April 2025