Enhanced Enterprise Zone Act of 1992

Summary

Enhanced Enterprise Zone Act of 1992 - Title I: Designation of Enterprise Zones - Amends the Housing and Community Development Act of 1987 to revise the enterprise zone designation procedure. Title II: Studies - Directs the Comptroller General to study: (1) enterprise zone effectiveness; and (2) insurance availability in central cities and distressed urban areas. Title III: Zone Coordination Advisory Council - Requires each jurisdiction containing an enterprise zone to appoint a Zone Coordination Advisory Council. Title IV: Community Building Enhancements - Amends the Cranston-Gonzalez National Affordable Housing Act to authorize additional appropriations for jurisdictions containing enterprise zones. Amends the Housing and Community Development Act of 1974 to permit, and authorize appropriations for, use of community development block grants (CDBG) in enterprise zones. Amends the Cranston-Gonzalez National Affordable Housing Act to authorize an enterprise zone Youthbuild program. Authorizes appropriations. Amends the Public and Assisted Housing Drug Elimination Act of 1990 to give public housing drug elimination grant priority to enterprise zones. Amends the United States Housing Act of 1937 to authorize planning and implementation grants for severely distressed public housing revitalization. Authorizes appropriations. Amends the Housing Act of 1949 to give rural housing preference to enterprise zones. Amends the Cranston-Gonzalez National Affordable Housing Act to reduce the HOME investment partnerships matching requirement for enterprise zones. Amends the Federal Transit Act to increase the Federal share of public transportation projects for enterprise zones. Amends the Cranston-Gonzalez National Affordability Housing Act to: (1) exempt new construction in enterprise zones from certain HOME investment partnerships requirements; and (2) establish a model program to facilitate the redevelopment of severely blighted inner city areas. Amends the Housing and Community Development Act of 1974 with regard to the CDBG program to: (1) provide economic development technical assistance to public or nonprofit entities; (2) set forth criteria for low-income employee determinations; (3) reduce paperwork for small and micro-business development initiatives; and (4) implement a training program for Department of Housing and Urban Development (HUD) personnel. Directs the Comptroller General to report to the Congress on the types and quality of jobs created pursuant to title I of the Housing and Community Development Act of 1974. Title V: Enterprise Capital Access Fund - Enterprise Capital Access Fund Demonstration Program - Establishes a demonstration program to provide loans and technical assistance grants to nonprofit financial intermediaries in order to finance business and employment opportunities, low-income housing opportunities, and neighborhood revitalization projects. Establishes within HUD an Office of Community Banking to carry out this title. Authorizes appropriations.

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Timeline

1. 22 July 1992

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 22 July 1992

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 22 July 1992

  Open at official source

Sponsors

• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• · ssbk00 · Standing

Related records

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