3.0.0 6079 2023-01-11T13:21:41Z 2023-01-11T13:21:41Z House H HR 2010-08-09 111 hsba00 Financial Services Committee House Standing Referred to 2010-08-09T23:00:17Z 2010-08-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-08-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-08-09 Introduced in House IntroReferral 1000 9 Library of Congress P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 N Housing and Community Development Administrative law and regulatory procedures Colorado Federal Housing Finance Agency Housing finance and home ownership Housing for the elderly and disabled Housing supply and affordability Travel and tourism Housing and Community Development 00 2010-08-09 Introduced in House 2012-09-26T16:03:52Z Workforce Housing Opportunity Simplification Act of 2010 - Amends the Federal National Mortgage Association Charter Act to authorize the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation Act to authorize the Federal Home Loan Mortgage Corporation (Freddie Mac), to purchase, service, sell, lend on the security of, and otherwise deal in affordable workforce housing mortgages for one-family residences: (1) that shall be used as the mortgagor's residence at least 8 of any 12 months and 240 days of any 365 days; (2) located within, or are part of, a multifamily housing development meeting certain requirements; and (3) located in a resort county.

Exempts such mortgages from any requirements and guidelines of such government sponsored entities (also known as GSEs) that are inconsistent with such authority and with the GSEs' duty under the Housing and Community Development Act of 1992 to serve the market for affordable workforce housing mortgages.

Limits the application of this Act to such mortgages in Colorado resort counties (Eagle County, Grand County, and Summit County).

Amends the Housing and Community Development Act of 1992 to require the GSEs to develop loan products and flexible underwriting guidelines to facilitate a secondary market for affordable workforce housing mortgages under this Act.

]]> Workforce Housing Opportunity Simplification Act of 2010 Display Title Workforce Housing Opportunity Simplification Act of 2010 Official Title as Introduced To facilitate affordable workforce homeownership in, and develop the full-time resident communities of, resort areas, and for other purposes. Introduced in House IH Short Titles as Introduced Workforce Housing Opportunity Simplification Act of 2010 Introduced in House 2010-08-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr6079ih/xml/BILLS-111hr6079ih.xml 2010-08-09 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.