[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 36 Introduced in House (IH)]

103d CONGRESS
  1st Session
H. CON. RES. 36

  Expressing the sense of Congress that any economic stimulus package 
   that is passed by the 103d Congress should include the permanent 
   extension of the mortgage revenue bond and low-income housing tax 
                            credit programs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 1993

 Mr. Machtley submitted the following concurrent resolution; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
  Expressing the sense of Congress that any economic stimulus package 
   that is passed by the 103d Congress should include the permanent 
   extension of the mortgage revenue bond and low-income housing tax 
                            credit programs.

Whereas affordable housing should be a birthright for all Americans;
Whereas mortgage revenue bonds and low-income housing tax credits increase the 
        affordability of mortgage downpayments and rental housing;
Whereas the mortgage revenue bond program has made it possible for over 
        2,000,000 American families to own homes;
Whereas the low-income housing tax credit accounts for almost one-third of all 
        multifamily rental housing construction and has helped finance more than 
        415,000 low-income rental units;
Whereas mortgage revenue bonds and low-income housing tax credits would provide 
        effective stimulus to the economy; and
Whereas permanently extending the mortgage revenue bond and low-income housing 
        tax credit programs would bring enhanced efficiency, stability and 
        reduced risks to the programs: Now, therefore, be it
    Resolved by the House of Representatives (the Senate concurring), 
That any economic growth package passed by the 103d Congress should 
include the permanent extension of the mortgage revenue bond and low-
income housing tax credit programs.

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