3.0.0 5487 2023-01-11T13:15:44Z 2023-01-11T13:15:44Z House H HR 2008-02-25 110 hsba00 Financial Services Committee House Standing Referred to 2008-02-25T21:03:20Z 2008-02-25 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-02-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-02-25 Introduced in House IntroReferral 1000 9 Library of Congress S000030 Rep. Sanchez, Loretta [D-CA-47] LORETTA SANCHEZ D CA 47 N C001067 Rep. Clarke, Yvette D. [D-NY-11] Yvette Clarke D NY D. 11 2008-02-25 True 2008-03-14T04:00:00Z H.R. 5487, Affordable Homeownership Preservation Fund Act of 2008 http://www.cbo.gov/publication/19556 <p>Cost estimate for the bill as introduced in the House of Representatives on February 25, 2008</p> 2008-03-14T04:00:00Z H.R. 5487, Affordable Homeownership Preservation Fund Act of 2008 https://www.cbo.gov/publication/19556 Cost estimate for the bill as introduced in the House of Representatives on February 25, 2008 Housing and Community Development Affordable housing Economics and Public Finance Federal aid to housing Foreclosure Government Operations and Politics Government corporations Government lending Government trust funds Home ownership Housing finance Mortgages Neighborhood Reinvestment Corporation Planning Residential rehabilitation Housing and Community Development 00 2008-02-25 Introduced in House 2008-04-09T15:39:01Z Affordable Homeownership Preservation Fund Act of 2008 - Amends the Neighborhood Reinvestment Corporation Act to establish in the Treasury an Affordable Homeownership Preservation Fund to allow the Neighborhood Reinvestment Corporation, doing business as Neighborworks America, to provide financial assistance through grants to community development organizations for eligible activities to enhance and improve the availability of affordable housing.

Requires such eligible activities to be: (1) carried out in accordance with the comprehensive strategic plan for the organization submitted under this Act; and (2) consistent with existing economic, community, and housing development plans adopted by or applicable to the area or targeted population served by the organization.

Allows such activities to include: (1) assisting distressed homeowners with small low-interest or no-interest loans; (2) making mortgage loans to first-time homebuyers; and (3) purchasing, rehabilitating, and selling foreclosed properties for owner-occupancy.

]]> Affordable Homeownership Preservation Fund Act of 2008 Display Title Affordable Homeownership Preservation Fund Act of 2008 Official Title as Introduced To establish the Affordable Homeownership Preservation Fund of the Neighborhood Reinvestment Corporation. Introduced in House IH Short Titles as Introduced Affordable Homeownership Preservation Fund Act of 2008 Introduced in House 2008-02-25T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr5487ih/xml/BILLS-110hr5487ih.xml 2008-02-25 Referred to the House Committee on Financial Services. 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.