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United States · Bill · S

S. 2967 (107th)

Affordable Housing Expansion Act of 2002

openUnited States· United States Congress· EN

Introduced

19 September 2002

Last action

25 September 2002 · Committee

Status

Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing and Transportation. Hearings held.

Sponsors

Sen. Bond, Christopher S. [R-MO], Sen. Collins, Susan M. [R-ME]

Subjects

Housing

Source updated

19 August 2025

Housing

Official sourceDownload fileView documentsShare

Summary

Affordable Housing Expansion Act of 2002 - Directs the Secretary of Housing and Urban Development to make funds available to State housing finance agencies for low-income housing rehabilitation and development. Obligates specified amounts for Indian tribes. Provides for: (1) a minimum State allocation; and (2) a 25 percent State matching requirement. Sets forth housing eligibility provisions. Requires State submission of an affordable housing expansion plan. Directs the Secretary to carry out a multifamily risk-sharing mortgage insurance program. Amends the United States Housing Act of 1937 to authorize the use of section 8 project-based assistance for extremely low-income housing construction and rehabilitation. Limits assistance to: (1) 75 percent of the payment standard or applicable fair market rental; and (2) 25 percent of a building's units. Authorizes reallocation of certain underused section 8 vouchers. Directs the Department of Housing and Urban Development to maintain existing section 8 project-based assistance for any Department-owned or -held multifamily project upon disposition, unless the project is determined to be not viable. Authorizes a public housing loan guarantee program.

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

Timeline

  1. 19 September 2002

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S8922-8926)

    Source: IntroReferral

  2. 19 September 2002

    Introduced

    Sponsor introductory remarks on measure. (CR S8920-8922)

    Source: IntroReferral

  3. 19 September 2002

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 25 September 2002

    Committee

    Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing and Transportation. Hearings held.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 19 September 2002

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 19 September 2002

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 19 September 2002

    Open at official source

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Sponsors

Related records

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Sources

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