I 108th CONGRESS 2d Session H. R. 4110 IN THE HOUSE OF REPRESENTATIVES April 1, 2004 Mr. Gary G. Miller of California (for himself and Mr. Frank of Massachusetts) introduced the following bill; which was referred to the Committee on Financial Services A BILL To facilitate homeownership in high-cost areas.

1.

Short title

This Act may be cited as the &short-title1;.

2.

Fha single family housing maximum mortgage limit

Section 203(b)(2)(A) of the National Housing Act (12 U.S.C. 1709(b)(2)(A)) is amended— (1)in clause (i)— (A)by striking 95 percent and inserting 100 percent; and (B)by striking or at the end; (2)in clause (ii)— (A)by striking 87 percent of the dollar amount limitation determined under section 305(a)(2) of the Federal Home Loan Mortgage Corporation Act for a residence of the applicable size;; and (B)by striking for Fiscal Year and inserting a comma; (3)by transferring and inserting the text of clause (ii) (as so amended) into clause (i) after the semicolon at the end; (4)by striking clause (ii); (5)by striking (i) and inserting (A) not to exceed,; (6)by striking (A) not to exceed the lesser of—; and (7)by realigning subparagraph (A) (as so redesignated by paragraph (5) of this subsection), so as to be indented 4 ems from the left margin.