3.0.0 4791 2023-01-11T13:26:25Z 2023-01-11T13:26:25Z House H HR 2014-05-30 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. CAROLYN B. MALONEY of New York:H.R. 4791.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the United StatesConstitution[Page H5065]]]> hsba00 Financial Services Committee House Standing Referred to 2014-05-30T13:01:30Z 2014-05-30 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-05-30 Sponsor introductory remarks on measure. (CR E882-883) IntroReferral B00100 9 Library of Congress 2014-05-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-05-30 Introduced in House IntroReferral 1000 9 Library of Congress M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 N Housing and Community Development Administrative law and regulatory procedures Federal Housing Finance Agency Housing finance and home ownership Housing supply and affordability Low- and moderate-income housing Housing and Community Development 00 2014-05-30 Introduced in House 2014-06-27T18:34:34Z Responsible GSE Affordable Housing Investment Act of 2014 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to revise requirements for determination of compliance with the multifamily special affordable housing goal.

Requires the Director of the Federal Housing Finance Agency to establish standards for the multifamily special affordable housing goal that proportionately reduce the number of units receiving credit for any mortgage purchase by the Federal Home Loan Mortgage Corporation (Freddie Mac) or the Federal Home Loan Mortgage Association (Fannie Mae) (government-sponsored enterprises or GSEs) that facilitates the conversion of dwelling units available at rental rates affordable to low-income families to dwelling units such families could not afford.

Requires such standards to provide no credit toward achievement of the goal for any mortgage purchase for multifamily housing that involves an aggregate amount of project debt that is not reasonable. Requires the Director to require the GSE to apply this same standard to any mortgages backing any GSE-purchased security to determine whether the units financed by such mortgages are eligible for credit toward achievement of the housing goal.

]]> Responsible GSE Affordable Housing Investment Act of 2014 Display Title Responsible GSE Affordable Housing Investment Act of 2014 Official Title as Introduced To amend section 1333 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to ensure that multifamily housing mortgage purchases by Fannie Mae and Freddie Mac that are credited toward fulfillment of such enterprises multifamily special affordable housing goal increase or preserve the number of dwelling units affordable to low-income families. Introduced in House IH Short Titles as Introduced Responsible GSE Affordable Housing Investment Act of 2014 Introduced in House 2014-05-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr4791ih/xml/BILLS-113hr4791ih.xml 2014-05-30 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.