3.0.0 3527 2023-01-11T13:18:06Z 2023-01-11T13:18:06Z House H HR 2009-07-31 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-09-16T14:59:43Z hsba00 Financial Services Committee House Standing Referred to 2009-07-31T13:22:48Z A bill to increase the maximum mortgage amount limitations under the Federal Housing Administration mortgage insurance programs for multi-family housing projects with elevators and for extremely high-cost areas. 111 3700 S 2010-08-04 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2009-09-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2009-09-15 15:10:49 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2009-09-15 15:10:48 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H9522) Floor H37300 2 House floor actions 2009-09-15 15:10:48 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H9522) Floor 8000 9 Library of Congress 2009-09-15 15:01:05 DEBATE - The House proceeded with forty minutes of debate on H.R. 3527. Floor H8D000 2 House floor actions 2009-09-15 15:01:04 Considered under suspension of the rules. (consideration: CR H9522-9524) Floor H30000 2 House floor actions 2009-09-15 15:01:03 Mr. Adler (NJ) moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2009-07-31 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-07-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-07-31 Introduced in House IntroReferral 1000 9 Library of Congress W000792 Rep. Weiner, Anthony D. [D-NY-9] ANTHONY WEINER D NY D. 9 N F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2009-07-31 True M001139 Rep. Miller, Gary G. [R-CA-42] GARY MILLER R CA 42 2009-07-31 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2009-09-14 False S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 2009-09-14 False S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2009-09-15 False Housing and Community Development Cooperative and condominium housing Government lending and loan guarantees Housing finance and home ownership Housing for the elderly and disabled Low- and moderate-income housing Housing and Community Development 00 2009-07-31 Introduced in House 2009-09-17T19:22:03Z FHA Multifamily Loan Limit Adjustment Act of 2009 - Amends the National Housing Act to revise the maximum mortgage loan principal amounts the Secretary of Housing and Urban Development (HUD) may insure for elevator-type multifamily structures for: (1) rental housing; (2) cooperative housing; (3) rehabilitation and neighborhood conservation housing; (4) housing for moderate income and displaced families; (5) housing for elderly persons; and (6) condominiums.

Replaces the current specific dollar amount limitations per family unit by which the insurable mortgage principal obligation for elevator-type multifamily structures may be increased. Prescribes instead an increase limitation per family unit of up to 50% higher than the corresponding limitations for non-elevator-type multifamily structures.

Authorizes the Secretary to prescribe a higher maximum (up to 50%) for the principal obligation of mortgages insured for multifamily projects located in an extremely high-cost area (similar to that for mortgage insurance for property in Alaska, Guam, Hawaii, and the Virgin Islands).

]]> 36 2009-09-15 Passed House amended 2009-09-17T19:20:57Z FHA Multifamily Loan Limit Adjustment Act of 2009 - (Sec. 2) Amends the National Housing Act to revise the maximum mortgage loan principal amounts the Secretary of Housing and Urban Development (HUD) may insure for elevator-type multifamily structures for: (1) rental housing; (2) cooperative housing; (3) rehabilitation and neighborhood conservation housing; (4) housing for moderate income and displaced families; (5) housing for elderly persons; and (6) condominiums.

Replaces the current specific dollar amount limitations per family unit by which the insurable mortgage principal obligation for elevator-type multifamily structures may be increased. Prescribes instead an increase limitation per family unit of up to 50% higher than the corresponding limitations for non-elevator-type multifamily structures.

(Sec. 3) Authorizes the Secretary to prescribe a higher maximum (up to 50%) for the principal obligation of mortgages insured for multifamily projects located in an extremely high-cost area (similar to that for mortgage insurance for property in Alaska, Guam, Hawaii, and the Virgin Islands).

(Sec. 4) States that this Act applies to mortgages insured under Title II of the National Housing Act after September 30, 2009.

]]> FHA Multifamily Loan Limit Adjustment Act of 2009 Display Title FHA Multifamily Loan Limit Adjustment Act of 2009 Official Title as Introduced To increase the maximum mortgage amount limitations under the FHA mortgage insurance programs for multifamily housing projects with elevators and for extremely high-cost areas. Introduced in House IH Short Titles as Introduced FHA Multifamily Loan Limit Adjustment Act of 2009 Short Titles as Passed House FHA Multifamily Loan Limit Adjustment Act of 2009 H House Referred in Senate 2009-09-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3527rfs/xml/BILLS-111hr3527rfs.xml Engrossed in House 2009-09-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3527eh/xml/BILLS-111hr3527eh.xml Introduced in House 2009-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3527ih/xml/BILLS-111hr3527ih.xml 2009-09-16 Received in the Senate and 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.