3.0.0 5678 2022-02-03T05:17:57Z 2022-02-03T05:17:57Z House H HR 2008-04-02 110 hsbu00 Budget Committee House Standing Referred to 2008-04-02T14:05:00Z hsba00 Financial Services Committee House Standing Referred to 2008-04-02T14:04:53Z 2008-04-02 Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2008-04-02 Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2008-04-02 Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-04-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-04-02 Introduced in House IntroReferral 1000 9 Library of Congress W000187 Rep. Waters, Maxine [D-CA-35] MAXINE WATERS D CA 35 N V000081 Rep. Velazquez, Nydia M. [D-NY-12] NYDIA VELAZQUEZ D NY M. 12 2008-04-08 False E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2008-04-30 False K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2008-04-30 False L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2008-05-07 False Housing and Community Development Economics and Public Finance Federal aid to housing Foreclosure Low-income housing Metropolitan areas Moderate income housing Mortgages Off-budget expenditures Residential rehabilitation Rural housing Social Welfare Urban affairs Housing and Community Development 00 2008-04-02 Introduced in House 2008-05-16T21:43:30Z Neighborhood Rescue and Stabilization Act of 2008 - Authorizes for FY2008 appropriations for assistance to states and local governmental units for the redevelopment of abandoned and foreclosed homes.

Requires the Secretary of Housing and Urban Development (HUD) to allocate the funds among the states according to a funding formula reflecting the ratio that home mortgage foreclosures occurring in a state bears to the aggregate number of such foreclosures occurring in all states. Requires states to allocate funds to qualified metropolitan cities according to a similar formula.

Requires states and local governmental units to give priority to those metropolitan areas, metropolitan cities, urban areas, rural areas, low- and moderate-income areas, and other areas with the greatest need, including those: (1) with the greatest percentage of home foreclosures; (2) with the highest percentage of homes financed by a subprime mortgage related loan; or (3) identified as likely to face a significant rise in the rate of home foreclosures.

Cites eligible uses and redevelopment financing mechanisms.

Sets forth low- and moderate-income requirements for the use of all funds made available under this Act.

]]> Neighborhood Rescue and Stabilization Act of 2008 Short Titles as Introduced Neighborhood Rescue and Stabilization Act of 2008 Display Title Neighborhood Rescue and Stabilization Act of 2008 Official Title as Introduced To provide economic stimulus through emergency community development block grant assistance for the redevelopment of abandoned and foreclosed homes. Introduced in House 2008-04-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr5678ih/xml/BILLS-110hr5678ih.xml 2008-04-02 Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.