110 HR 6021 IH: To prohibit the purchase or lease of housing acquired U.S. House of Representatives 2008-05-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 2d Session H. R. 6021 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.

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.