I 108th CONGRESS 2d Session H. R. 4471 IN THE HOUSE OF REPRESENTATIVES June 1, 2004 Mr. Renzi (for himself and Mr. Matheson) introduced the following bill; which was referred to the Committee on Financial Services A BILL To clarify the loan guarantee authority under title VI of the Native American Housing Assistance and Self-Determination Act of 1996.

1.

Short title

This Act may be cited as the Homeownership Opportunities for Native Americans Act of 2004.

2.

Federal guarantees for financing for tribal housing activities

Section 601 of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4191) is amended by adding at the end the following new subsection: (d)

Limitation on percentage

A guarantee made under this title shall guarantee repayment of 95 percent of the unpaid principal and interest due on the notes or other obligations guaranteed..