[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2304 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 2304

 To amend section 105 of the Housing and Community Development Act of 
     1974 to extend the authority for communities to use community 
development block grant assistance for direct homeownership assistance.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 12, 1995

 Mrs. Mink of Hawaii introduced the following bill; which was referred 
           to the Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend section 105 of the Housing and Community Development Act of 
     1974 to extend the authority for communities to use community 
development block grant assistance for direct homeownership assistance.
    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``CDBG Direct Homeownership Assistance 
Extension Act''.

SEC. 2. AMENDMENTS TO EXTEND AUTHORITY FOR DIRECT HOMEOWNERSHIP 
              ASSISTANCE BEFORE SUCH AUTHORITY EXPIRES.

    If this Act is enacted on or before September 30, 1995--
            (1) section 105(a)(25) of the Housing and Community 
        Development Act of 1974 (42 U.S.C. 5305(a)(25)) is amended--
                    (A) in subparagraph (E), by striking the period at 
                the end and inserting a semicolon;
                    (B) by adding at the end the following new flush 
                material:
        ``except that assistance under this title may not be used as 
        provided in this paragraph after September 30, 1996; and''; and
            (2) section 907(b) of the Cranston-Gonzalez National 
        Affordable Housing Act (42 U.S.C. 5305 note) is amended by 
        striking paragraph (2).

SEC. 3. AMENDMENTS TO EXTEND AUTHORITY FOR DIRECT HOMEOWNERSHIP 
              ASSISTANCE AFTER SUCH AUTHORITY EXPIRES.

    If this Act is enacted after September 30, 1995, section 105(a) of 
the Housing and Community Development Act of 1974 (42 U.S.C. 5305(a)) 
and section 907(b) of the Cranston-Gonzalez National Affordable Housing 
Act (42 U.S.C. 5305 note) are each amended to read as each such section 
involved would have read on the date of the enactment of this Act if 
the provisions of section 2 had been enacted on September 30, 1995.
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