[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6027 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 6027

To provide highest preference in the use of foreclosed housing acquired 
using Federal loan or grant funds made available under the Neighborhood 
 Stabilization Act of 2008 for providing housing for disabled veterans 
and to prohibit the purchase or lease of such housing by any individual 
 convicted under Federal or State law of a drug-dealing offense, a sex 
                      offense, or mortgage fraud.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 13, 2008

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

_______________________________________________________________________

                                 A BILL


 
To provide highest preference in the use of foreclosed housing acquired 
using Federal loan or grant funds made available under the Neighborhood 
 Stabilization Act of 2008 for providing housing for disabled veterans 
and to prohibit the purchase or lease of such housing 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 acquired using 
Federal loan or grant funds made available for use under the 
Neighborhood Stabilization Act of 2008, or any dwelling unit in any 
such housing, if such individual has been convicted under Federal or 
State law of a drug-dealing offense, a sex offense, or mortgage fraud.

SEC. 2. HIGHEST PREFERENCE FOR DISABLED VETERANS.

    Each State, metropolitan city, and urban county that is provided 
Federal loan or grant amounts made available for use under the 
Neighborhood Stabilization Act of 2008 shall, notwithstanding any other 
preferences required or authorized under such Act for use of such loan 
or grant amounts, provide highest priority in use of amounts from 
grants and loans under such Act for providing housing for disabled 
veterans.
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