[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 176 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 176

            To facilitate homeownership in high-cost areas.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 4, 2005

    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.

    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 Single Family Loan Limit 
Adjustment Act of 2005''.

SEC. 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), by striking ``95 percent'' and inserting 
        ``100 percent'';
            (2) in clause (ii)--
                    (A) by striking ``87 percent '' and inserting ``100 
                percent'' ; and
                    (B) by striking ``for Fiscal Year'' and inserting a 
                comma; and
            (3) by moving subparagraph (A), including clauses (i) and 
        (ii) of such subparagraph, 2 ems to the right.
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