A bill to amend section 313 of the National Housing Act for the purpose of raising the limitation on the amount of the principal obligation of a mortgage which may be purchased under such section and for the purpose of mandating that a certain percentage of the mortgages purchased under such section be secured by residences located in certain metropolitan areas.

Summary

Provides that at least 20 percent of the mortgages purchased under the National Housing Act must be secured by residences located in the standard metropolitan statistical areas of Atlanta, Chicago, Cleveland, Dallas, Detroit, Houston, Los Angeles, New York, San Francisco, Seattle, and the District of Columbia.

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

Timeline

1. 1 October 1975

   Introduced

   Referred to House Committee on Banking, Currency and Housing.

   Source: IntroReferral

2. 1 October 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 October 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 1 October 1975

  Open at official source

Sponsors

• Rep. Harris, Herbert E., II [D-VA-8] · D · Sponsor
• · hsba00 · Standing

Related records

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