Multifamily Assisted Housing Reform and Affordability Act of 1996

Summary

TABLE OF CONTENTS: Title I: FHA-Insured Multifamily Housing Mortgage and Housing Assistance Restructuring Title II: Enforcement Provisions Subtitle A: FHA Single Family and Multifamily Housing Subtitle B: FHA Multifamily Multifamily Assisted Housing Reform and Affordability Act of 1996 - Title I: FHA-Insured Multifamily Housing Mortgage and Housing Assistance Restructuring - Directs the Secretary of Housing and Urban Development (HUD) to enter into agreements with participating administrative entities (with preference given to State housing finance agencies) to develop and implement mortgage restructuring and rental assistance plans for FHA-insured multifamily housing mortgages in order to: (1) reduce expiring section 8 contracts costs; (2) address troubled projects; and (3) correct management and ownership deficiencies. Includes two-tiered mortgage restructuring among plan incentives. Terminates program authority as of a specified date. Title II: Enforcement Provisions - Directs the Secretary to issue implementing regulations. Subtitle A: FHA Single Family and Multifamily Housing - Amends the National Housing Act to expand HUD authorities with respect to: (1) lender sanctions; (2) equity skimming; and (3) civil money penalties. Subtitle B: FHA Multifamily - Amends the National Housing Act and the Housing Act of 1937 to expand multifamily housing- related civil money penalties. Amends the Housing and Community Development Act of 1987 to extend the double damages remedy.

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Timeline

1. 2 August 1996

   Introduced

   Sponsor introductory remarks on measure. (CR S9595, S9602-9603)

   Source: IntroReferral

2. 2 August 1996

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 2 August 1996

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

Votes

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Versions

• Introduced in Senate · 2 August 1996 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 2 August 1996

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 2 August 1996

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 2 August 1996

  Open at official source

  Leesvertaling

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

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Mack, Connie, III [R-FL] · R · Sponsor
• Sen. Bond, Christopher S. [R-MO] · R · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Bennett, Robert F. [R-UT] · R · Sponsor
• · ssbk00 · Standing

Related records

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