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United States · Bill · HR

H.R. 812 (101st)

Homeownership Assistance Act of 1989

referredUnited States· United States Congress· EN

Introduced

2 February 1989

Last action

15 February 1989 · Referred

Status

Referred to the Subcommittee on Housing and Community Development.

Sponsors

Rep. Price, David E. [D-NC-4], Rep. AuCoin, Les [D-OR-1], Rep. Wylie, Chalmers P. [R-OH-15], Rep. Clement, Bob [D-TN-5], Rep. Roe, Robert A. [D-NJ-8], Rep. Florio, James J. [D-NJ-1], Rep. Gordon, Bart [D-TN-6], Rep. Wolf, Frank R. [R-VA-10], Rep. Miller, George [D-CA-11], Rep. Frank, Barney [D-MA-4], Rep. Patterson, Elizabeth [D-SC-4], Rep. Bereuter, Doug [R-NE-1], Rep. Roukema, Marge [R-NJ-5], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Atkins, Chester G. [D-MA-5], Rep. Hubbard, Carroll, Jr. [D-KY-1], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Collins, Cardiss [D-IL-7], Rep. Bonior, David E. [D-MI-10], Rep. Lancaster, H. Martin [D-NC-3], Rep. Lloyd, Marilyn [D-TN-3], Rep. Martinez, Matthew G. [D-CA-31], Rep. Flake, Floyd H. [D-NY-6], Rep. Kennelly, Barbara B. [D-CT-1], Rep. Pallone, Frank [D-NJ-6], Rep. DeFazio, Peter A. [D-OR-4], Rep. Darden, George (Buddy) [D-GA-7], Rep. Madigan, Edward R. [R-IL-15], Rep. Martin, Lynn M. [R-IL-16], Rep. Rinaldo, Matthew J. [R-NJ-7], Rep. Gilman, Benjamin A. [R-NY-20], Rep. Studds, Gerry E. [D-MA-10], Rep. Wolpe, Howard E. [D-MI-3], Rep. Rowland, John G. [R-CT-5], Rep. Mfume, Kweisi [D-MD-7], Sen. Akaka, Daniel K. [D-HI], Rep. McEwen, Bob [R-OH-6], Rep. Hatcher, Charles [D-GA-2], Rep. Gephardt, Richard A. [D-MO-3], Rep. Evans, Lane [D-IL-17], Rep. Ackerman, Gary L. [D-NY-5], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Dymally, Mervyn M. [D-CA-31], Rep. Lewis, John [D-GA-5], Rep. Costello, Jerry F. [D-IL-12], Rep. Tallon, Robert M. (Robin) [D-SC-6], Rep. Garcia, Robert [D-NY-18]

Subjects

Housing

Source updated

26 August 2025

Housing

Official sourceDownload fileView documentsShare

Summary

Homeownership Assistance Act of 1989 - Amends the National Housing Act to create a special mortgage insurance program for first-time homebuyers. Defines "first-time homebuyer" as an individual who or whose spouse has not owned a principal residence during the 18 months prior to a Federal Housing Administration (FHA) insured home purchase. Authorizes downpayment reductions. Authorizes an FHA demonstration program to insure 100 percent of a home's value for a first-time homebuyer. Authorizes FHA to insure adjustable rate mortgages with annual interest rate increases of up to two percent (currently one percent). Repeals the aggregate annual limit. Amends the Federal National Mortgage Association Charter Act to provide for secondary market purchases of such downpayment mortgage loans. Amends the Deficit Reduction Act of 1984 to exempt such loans from specified offset debt collection provisions. Requires the Secretary of Housing and Urban Development to submit annual program reports to the Congress.

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

Timeline

  1. 2 February 1989

    Introduced

    Referred to the House Committee on Banking, Finance + Urban Affrs.

    Source: IntroReferral

  2. 2 February 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 2 February 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 15 February 1989

    Referred

    Referred to the Subcommittee on Housing and Community Development.

    Source: Committee

Votes

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Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 2 February 1989

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

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Sponsors

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Related records

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Sources

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