A bill to provide for grants to State housing finance or State development agencies for the purpose of financing a portion of the development costs of housing projects owned by such agencies, by their subsidiaries, or by nonprofit sponsors funded by such agencies.

Summary

Authorizes the Secretary of Housing and Urban Development, under the Housing and Community Development Act, to make grants to any State housing finance or development agency to finance 30 percent of specified housing project development costs. Permits the Secretary to condition any such grant on the promise that such agency agree to retain the housing project for 12 years, and to use the project for housing low-, moderate-, or middle-income families. Authorizes to be appropriated such sums as may be necessary to make the grants authorized by this Act.

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

Timeline

1. 24 April 1975

   Introduced

   Referred to House Committee on Banking, Currency and Housing.

   Source: IntroReferral

2. 24 April 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 April 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 24 April 1975

  Open at official source

Sponsors

• Rep. Richmond, Frederick W. [D-NY-14] · D · Sponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.