[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1629 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 1629

To increase the mortgage loan limits under the National Housing Act for 
                multifamily housing mortgage insurance.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 26, 2001

Mrs. Roukema (for herself and Mr. Frank) introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To increase the mortgage loan limits under the National Housing Act for 
                multifamily housing mortgage insurance.

    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 ``FHA Multifamily Housing Mortgage 
Loan Limit Adjustment Act of 2001''.

SEC. 2. MORTGAGE LOAN LIMITS FOR MULTIFAMILY PROJECTS.

    (a) Section 207 Limits.--Section 207(c)(3) of the National Housing 
Act (12 U.S.C. 1713(c)(3)) is amended--
            (1) by striking ``$30,420'', ``$33,696'', ``$40,248'', 
        ``$49,608'', ``$56,160'', and ``$9,000'' and inserting 
        ``$38,025'', ``$42,120'', ``$50,310'', ``$62,010'', 
        ``$70,200'', and ``$11,250'', respectively; and
            (2) by striking ``$35,100'', ``$39,312'', ``$48,204'', 
        ``$60,372'', and ``$68,262'' and inserting ``$43,875'', 
        ``$49,140'', ``$60,255'', ``$75,465'', and ``$85,328'', 
        respectively.
    (b) Section 213 Limits.--Section 213(b)(2) of the National Housing 
Act (12 U.S.C. 1715e(b)(2)) is amended--
            (1) by striking ``$30,420'', ``$33,696'', ``$40,248'', 
        ``$49,608'', and ``$56,160'' and inserting ``$38,025'', 
        ``$42,120'', ``$50,310'', ``$62,010'', and ``$70,200'', 
        respectively; and
            (2) by striking ``$35,100'', ``$39,312'', ``$48,204'', 
        ``$60,372'', and ``$68,262'' and inserting ``$43,875'', 
        ``$49,140'', ``$60,255'', ``$75,465'', and ``$85,328'', 
        respectively.
    (c) Section 220 Limits.--Section 220(d)(3)(B)(iii) of the National 
Housing Act (12 U.S.C. 1715k(d)(3)(B)(iii)) is amended--
            (1) by striking ``$30,420'', ``$33,696'', ``$40,248'', 
        ``$49,608'', and ``$56,160'' and inserting ``$38,025'', 
        ``$42,120'', ``$50,310'', ``$62,010'', and ``$70,200'', 
        respectively; and
            (2) by striking ``$35,100'', ``$39,312'', ``$48,204'', 
        ``$60,372'', and ``$68,262'' and inserting ``$43,875'', 
        ``$49,140'', ``$60,255'', ``$75,465'', and ``$85,328'', 
        respectively.
    (d) Section 221(d)(3) Limits.--Section 221(d)(3)(ii) of the 
National Housing Act (12 U.S.C. 1715l(d)(3)(ii)) is amended by striking 
``$33,638'', ``$38,785'', ``$46,775'', ``$59,872'', ``$66,700'', 
``$35,400'', ``$40,579'', ``$49,344'', ``$63,834'', and ``$70,070'' and 
inserting ``$42,048'', ``$48,481'', ``$58,469'', ``$74,840'', 
``$83,375'', ``$44,250'', ``$50,724'', ``$61,680'', ``$79,793'', and 
``$87,588'', respectively.
    (e) Section 221(d)(4) Limits.--Section 221(d)(4)(ii) of the 
National Housing Act (12 U.S.C. 1715l(d)(4)(ii)) is amended by striking 
``$30,274'', ``$34,363'', ``$41,536'', ``$52,135'', ``$59,077'', 
``$32,701'', ``$37,487'', ``$45,583'', ``$58,968'', and ``$64,730'' and 
inserting ``$37,843'', ``$42,954'', ``$51,920'', ``$65,169'', 
``$73,846'', ``$40,876'', ``$46,859'', ``$56,979'', ``$73,710'', and 
``$80,913'', respectively.
    (f) Section 231 Limits.--Section 231(c)(2) of the National Housing 
Act (12 U.S.C. 1715v(c)(2)) is amended--
            (1) by striking ``$28,782'', ``$32,176'', ``$38,423'', 
        ``$46,238'', and ``$54,360'' and inserting ``$35,978'', 
        ``$40,220'', ``$48,029'', ``$57,798'', and ``$67,950'', 
        respectively; and
            (2) by striking ``$32,701'', ``$37,487'', ``$45,583'', 
        ``$58,968'', and ``$64,730'' and inserting ``$40,876'', 
        ``$46,859'', ``$56,979'', ``$73,710'', and ``$80,913'', 
        respectively.
    (g) Section 234 Limits.--Section 234(e)(3) of the National Housing 
Act (12 U.S.C. 1715y(e)(3)) is amended--
            (1) by striking ``$30,420'', ``$33,696'', ``$40,248'', 
        ``$49,608'', and ``$56,160'' and inserting ``$38,025'', 
        ``$42,120'', ``$50,310'', ``$62,010'', and ``$70,200'', 
        respectively; and
            (2) by striking ``$35,100'', ``$39,312'', ``$48,204'', 
        ``$60,372'', and ``$68,262'' and inserting ``$43,875'', 
        ``$49,140'', ``$60,255'', ``$75,465'', and ``$85,328'', 
        respectively.
    (h) Regulations.--The Secretary of Housing and Urban Development 
shall issue regulations necessary to carry out the amendments made by 
subsections (a) through (g), which shall take effect not later than the 
expiration of the 1-year period beginning on the date of the enactment 
of this Act.
                                 <all>