3.0.0 44 2022-02-03T05:23:29Z 2022-02-03T05:23:29Z House H HR 2007-01-04 110 hsba00 Financial Services Committee House Standing hsba04 Housing and Insurance Subcommittee Referred to 2007-03-16T16:08:08Z Referred to 2007-01-04T17:22:00Z 2007-03-16 hsba04 Housing and Insurance Subcommittee 1 House committee actions Referred to the Subcommittee on Housing and Community Opportunity. Committee 2007-01-04 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-01-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-01-04 Introduced in House IntroReferral 1000 9 Library of Congress V000081 Rep. Velazquez, Nydia M. [D-NY-12] NYDIA VELAZQUEZ D NY M. 12 N T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 2007-01-04 True L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2007-01-12 False H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2007-01-24 False J000032 Rep. Jackson-Lee, Sheila [D-TX-18] SHEILA JACKSON-LEE D TX 18 2007-01-24 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2007-01-29 False B001242 Rep. Bishop, Timothy H. [D-NY-1] Timothy Bishop D NY H. 1 2007-01-29 False C000191 Rep. Carson, Julia [D-IN-7] JULIA CARSON D IN 7 2007-01-29 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2007-01-29 False P000149 Rep. Payne, Donald M. [D-NJ-10] DONALD PAYNE D NJ M. 10 2007-01-29 False L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2007-02-16 False M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2007-05-08 False C001067 Rep. Clarke, Yvette D. [D-NY-11] Yvette Clarke D NY D. 11 2007-07-12 False N000002 Rep. Nadler, Jerrold [D-NY-8] JERROLD NADLER D NY 8 2007-08-03 False Housing and Community Development Affordable housing Apartment houses Economics and Public Finance Federal aid to housing Federally-guaranteed loans Finance and Financial Sector Foreclosure Government Operations and Politics Government publicity Housing authorities Housing subsidies Low-income housing Mortgage guaranty insurance Mortgages Real estate appraisal Rental housing Social Welfare Housing and Community Development 00 2007-01-04 Introduced in House 2007-02-02T16:45:56Z Stabilizing Affordable Housing for the Future Act - Amends the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997 and the Housing and Community Development Amendments of 1978 to: (1) repeal certain conditions on the authority of the Secretary of Housing and Urban Development to manage multifamily projects; and (2) authorize the Secretary to provide grants (including up-front grants) and loans from the General Insurance Fund when managing and disposing of such properties.

Instructs the Secretary to maintain rental assistance payments for dwelling units in any multifamily property program administered by the Secretary.

Amends the Deficit Reduction Act of 2005 to redefine loan market value and property market value with respect to physically distressed properties sold by HUD in discount sales. Repeals the requirement not to take any affordability requirements into account in such valuation. Requires such values to be determined using industry standard appraisal practices.

Amends the Multifamily Mortgage Foreclosure Act of 1981 to declare that Congress finds that mortgages transferred by the Secretary to state and local governments should be foreclosed in the same manner as mortgages held by the Secretary.

Makes the entity designating the foreclosure commissioner (entity), whether the Secretary (as under current law) or any state or local government transferee, the guarantor of payment of any judgment against the foreclosure commissioner for damages based upon failure properly to perform the commissioner's duties. Makes such entity bear the risk of any financial default by the foreclosure commissioner. Declares that the entity shall be fully subrogated to the rights satisfied by such payment, in the event that any guarantee payments are made.

Directs the Secretary to issue a proposed rulemaking that applies certain statutory participation and certification requirements to potential purchasers of multifamily housing with a mortgage insured under the National Housing Act, or for which assistance is provided under section 8 of the United States Housing Act of 1937.

Requires the Secretary to post on a World Wide Web site information regarding multifamily housing properties for which: (1) federal rental assistance is provided; (2) other rental assistance or a subsidy is provided under a program administered by the Secretary; or (3) a mortgage is insured under the National Housing Act .

]]> Stabilizing Affordable Housing for the Future Act Short Titles as Introduced Stabilizing Affordable Housing for the Future Act Display Title Stabilizing Affordable Housing for the Future Act Official Title as Introduced To preserve affordable housing opportunities for low-income families, and for other purposes. Introduced in House 2007-01-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr44ih/xml/BILLS-110hr44ih.xml 2007-03-16 Referred to the Subcommittee on Housing and Community Opportunity. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.