Section 515 Rural Housing Property Transfer Improvement Act of 2008

Summary

Section 515 Rural Housing Property Transfer Improvement Act of 2008 - Amends the Housing Act of 1949 to direct the Secretary of Agriculture to: (1) implement administrative and procedural changes to expedite the application approval process for transferring ownership of Section 515 rural multifamily housing projects for which a loan is either made or insured for a project's preservation, continued use restriction, and rehabilitation; and (2) actively facilitate such transfers. Grants final regulatory authority over such property transfers to the Office of Rental Housing Preservation of the Rural Housing Service of the Department of Agriculture. Sets forth deadlines for the processing of transfer applications.

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

Timeline

1. 30 July 2008

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 30 July 2008

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 30 July 2008 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 30 July 2008

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 30 July 2008

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 30 July 2008

  Open at official source

Sponsors

• Sen. Tester, Jon [D-MT] · D · Sponsor
• · ssbk00 · Standing

Related records

• related to → Section 515 Rural Housing Property Transfer Improvement Act of 2007