3.0.0 2455 2023-01-11T13:15:25Z 2023-01-11T13:15:25Z Senate S S 2007-12-12 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2007-12-12T20:10:51Z 2007-12-12 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2007-12-12 Introduced in Senate IntroReferral 10000 9 Library of Congress C001057 Sen. Coleman, Norm [R-MN] Norm Coleman R MN N L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2007-12-12 True Housing and Community Development Appropriations Block grants Community development Economics and Public Finance Finance and Financial Sector Foreclosure Government Operations and Politics Infrastructure Low-income housing Moderate income housing Mortgages Relocation Rent Social Welfare Housing and Community Development 00 2007-12-12 Introduced in Senate 2008-03-19T18:50:50Z Community Foreclosure Assistance Act of 2007 - Makes appropriations for additional emergency Community Development Block Grant (CDBG) assistance to states, metropolitan cities, and urban counties to carry out CDBG programs under the Housing and Urban Development Act of 1974: (1) for necessary expenses related to the impact of housing foreclosures, and other related economic and community development activities; and (2) to provide foreclosure-based rental assistance for individual renters in the form of relocation assistance.

Prohibits the direct or indirect provision of such funds, except for certified housing counseling services, to an individual homeowner for foreclosure prevention purposes, including refinancing assistance, loans, or any other form of financial assistance.

Increases from 15% to 25% the maximum amount of CDBG funds a local government may use for public services under the Housing and Urban Development Act of 1974, including those concerned with employment, crime prevention, child care, health, drug abuse, education, energy conservation, welfare or recreation needs.

Requires at least 50% of CDBG funds appropriated or otherwise made available under this Act to benefit primarily persons of low- and moderate-income.

]]> Community Foreclosure Assistance Act of 2007 Display Title Community Foreclosure Assistance Act of 2007 Short Titles as Introduced Community Foreclosure Assistance Act of 2007 Official Title as Introduced A bill to provide $1,000,000,000 in emergency Community Development Block Grant funding for necessary expenses related to the impact of foreclosures on communities. Introduced in Senate 2007-12-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2455is/xml/BILLS-110s2455is.xml 2007-12-12 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.