3.0.0 947 2023-01-11T19:45:36Z 2023-01-11T19:45:36Z Senate S S 2007-03-21 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2007-03-21T16:58:31Z 2007-03-21 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2007-03-21 Introduced in Senate IntroReferral 10000 9 Library of Congress C001041 Sen. Clinton, Hillary Rodham [D-NY] HILLARY CLINTON D NY R N Housing and Community Development Apartment houses Condominium (Housing) Department of Housing and Urban Development Federal employees Finance and Financial Sector Government Operations and Politics Information technology Insurance premiums Mortgage guaranty insurance Mortgages Salaries Science, Technology, Communications Single family housing Housing and Community Development 00 2007-03-21 Introduced in Senate 2007-04-26T19:21:38Z 21st Century Housing Act - Amends the Housing Act of 1948 to authorize the Secretary of Housing and Urban Development (HUD), in carrying out any program through the Federal Housing Administration (FHA) to: (1) appoint and fix the compensation of Administration personnel; and (2) use premium-generated income for information technology upgrades.

Amends the National Housing Act to: (1) extend the maturity term for insured mortgages; (2) revise mortgage insurance eligibility criteria and requirements for premium charges; (3) authorize waiver of certain requirements for new product initiatives; (4) increase the maximum mortgage amount limit for multifamily housing in high-cost areas; (5) increase the FHA single family housing maximum mortgage limit; and (6) increase the capital ratio for the Mutual Mortgage Insurance Fund.

Increases prerequisites for insured mortgages covering condominiums to require that the condomium project have a HUD-insured blanket morgage.

]]> 21st Century Housing Act Official Title as Introduced A bill to modernize the Federal Housing Administration to meet the housing needs of the American people. Introduced in Senate IS Display Title 21st Century Housing Act Short Titles as Introduced 21st Century Housing Act Introduced in Senate 2007-03-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s947is/xml/BILLS-110s947is.xml 2007-03-21 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.