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United States · Law · S

S. 1299 (103rd)

Multifamily Housing Property Disposition Reform Act of 1994

enactedUnited States· United States Congress· EN

Introduced

28 July 1993

Last action

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Status

Became Public Law No: 103-233.

Sponsors

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Subjects

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Source updated

14 January 2025

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Summary

TABLE OF CONTENTS: Title I: FHA Multifamily Reforms Title II: Enhance Program Flexibility Subtitle A: Office of Public and Indian Housing Subtitle B: Office of Community Planning and Development Subtitle C: Community Partnerships Against Crime Title III: Technical and Other Amendments Subtitle A: Public and Assisted Housing Subtitle B: Multifamily Housing Housing and Community Development Act of 1993 - Title I: FHA Multifamily Reforms - Amends the Housing and Community Development Amendments of 1978 to revise provisions regarding the management and disposition of Department of Housing and Urban Development (HUD) - held multifamily properties and mortgages. (Sec. 103) Amends the Housing and Community Development Act of 1987 to eliminate the multifamily property disposition demonstration program. (Sec. 104) Authorizes the Secretary of Housing and Urban Development (Secretary) to carry out a Resolution Trust Corporation marketing disposition multifamily property demonstration program. (Sec. 105) Amends the National Housing Act to authorize civil money penalties against general partners and certain managing agents of multifamily projects. Title II: Enhance Program Flexibility - Subtitle A: Office of Public and Indian Housing Freeze - Bases ongoing administrative fee costs for the certificate and voucher programs on FY 1993 rent levels. (Sec. 202) Amends the United States Housing Act of 1937 to raise the cap for severely distressed public housing grants. Revises specified program provisions. (Sec. 203) Establishes a temporary earned income disallowance from public housing rent determinations. Subtitle B: Office of Community Planning and Development - Amends the Housing and Community Development Act of 1974 to increase eligible economic activities under the loan guarantee program, including loan guarantees for colonias. (Sec. 211) Amends the Cranston-Gonzalez National Affordable Housing Act to revise the HOME investment partnerships program, including provisions regarding State agency participation, removal of first-time homebuyer limitations, and certain threshold requirements. (Sec. 212) Reduces the single family HOPE program matching requirement. Subtitle C: Community Partnerships Against Crime - Amends the Anti-Drug Abuse Act of 1988 to retitle chapter 2 of subtitle C of title V as the Community Partnerships Against Crime Act of 1993. Expands the scope of anti-crime grant activities. Increases and extends authorizations of appropriations. Obligates funds for public housing agency technical assistance. Title III: Technical and Other Amendments - Subtitle A: Public and Assisted Housing - Amends the United States Housing Act of 1937 to make specified public housing provisions applicable to Indian housing. Subtitle B: Multifamily Housing - Makes technical amendments to specified housing programs.

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14 official files

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