Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · S

S. 664 (95th)

Young Families Housing Act

referredUnited States· United States Congress· EN

Introduced

10 February 1977

Last action

10 February 1977 · Introduced

Status

Referred to Senate Committee on Banking, Housing and Urban Affairs.

Sponsors

Sen. Brooke, Edward W. [R-MA], Sen. Sparkman, John J. [D-AL], Sen. Tower, John G. [R-TX], Sen. Case, Clifford P. [R-NJ], Sen. McIntyre, Thomas J. [D-NH], Sen. Javits, Jacob K. [R-NY], Sen. Mathias, Charles McC., Jr. [R-MD], Sen. Leahy, Patrick J. [D-VT], Sen. Hatfield, Mark O. [R-OR], Sen. McGovern, George [D-SD], Sen. Bumpers, Dale [D-AR], Sen. Abourezk, James [D-SD], Sen. Gravel, Mike [D-AK], Sen. DeConcini, Dennis [D-AZ], Sen. Anderson, Wendell R. [D-MN], Sen. Allen, James B. [D-AL], Sen. Pearson, James B. [R-KS], Sen. Eagleton, Thomas F. [D-MO], Sen. Heinz, John [R-PA], Sen. Lugar, Richard G. [R-IN], Sen. Schweiker, Richard S. [R-PA], Sen. Matsunaga, Spark M. [D-HI], Sen. Nunn, Sam [D-GA], Sen. Pell, Claiborne [D-RI], Sen. Bellmon, Henry L. [R-OK], Sen. Durkin, John A. [D-NH], Sen. Kennedy, Edward M. [D-MA]

Subjects

Housing

Source updated

2 September 2025

Housing

Official sourceView documentsShare

Summary

Young Families' Housing Act - Graduated Payment Mortgage Insurance Act - Amends the National Housing Act to permit the Secretary of Housing and Urban Development to insure, on a regular basis, mortgages and loans with provisions for varying rates of amortization corresponding to anticipated variations in family income. Sets a percentage limit on the mortgage value ratio of mortgages which will be insurable under this Act. Prescribes eligibility requirements for such insurance. States that mortgages or loans insured pursuant to this Act shall not be subject to State usury laws in most cases. Individual Housing Account Act - Amends the Internal Revenue Code to allow a deduction for amounts paid in cash into an individual housing account. Defines the term "individual housing account" for the purposes of this Act. Limits annual tax deductions to $2,500 and lifetime deductions to $10,000. Makes provisions for tax treatment upon distribution of such accounts. Exempts individual housing accounts from taxation under the Internal Revenue Code.

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

Timeline

  1. 10 February 1977

    Introduced

    Referred to Senate Committee on Banking, Housing and Urban Affairs.

    Source: IntroReferral

  2. 10 February 1977

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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

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

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.