[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6021 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 6021

  To prohibit the purchase or lease of housing acquired using Federal 
loan or grant funds appropriated for the purchase and rehabilitation of 
foreclosed housing under the Neighborhood Stabilization Act of 2008 by 
 any individual convicted under Federal or State law of a drug-dealing 
               offense, a sex offense, or mortgage fraud.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 12, 2008

  Mr. Foster introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To prohibit the purchase or lease of housing acquired using Federal 
loan or grant funds appropriated for the purchase and rehabilitation of 
foreclosed housing under the Neighborhood Stabilization Act of 2008 by 
 any individual convicted under Federal or State law of a drug-dealing 
               offense, a sex offense, or mortgage fraud.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. RESIDENCY LIMITATIONS.

    No individual may purchase or lease any housing, or any dwelling 
unit in any such housing, acquired using Federal loan or grant funds 
Congress appropriates for the purchase and rehabilitation of foreclosed 
housing under the Neighborhood Stabilization Act of 2008 if such 
individual has been convicted under Federal or State law of a felony 
drug-dealing offense within the 5-year period preceding the date of the 
purchase or lease transaction, a sex offense, or mortgage fraud.
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