II 110th CONGRESS 1st Session S. 710 IN THE SENATE OF THE UNITED STATES February 28, 2007 Mr. Inouye (for himself and Mr. Akaka) introduced the following bill; which was read twice and referred to the Committee on Indian Affairs A BILL To reauthorize the programs of the Department of Housing and Urban Development for housing assistance for Native Hawaiians.

1.

Short title

This Act may be cited as the Hawaiian Homeownership Opportunity Act of 2007.

2.

Authorization of appropriations for housing assistance

Section 824 of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4243), as added by section 513 of Public Law 106–569 (114 Stat. 2969), is amended by striking fiscal years and all that follows and inserting the following: fiscal years 2008, 2009, 2010, 2011, and 2012..

3.

Loan guarantees for Native Hawaiian housing

Section 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13b), as added by section 514 of Public Law 106–569 (114 Stat. 2989), is amended as follows: (1)

Authorization of appropriations

In subsection (j)(7), by striking fiscal years and all that follows and inserting the following: fiscal years 2008, 2009, 2010, 2011, and 2012.. (2)

Authority

In subsection (b), by striking or as a result of a lack of access to private financial markets. (3)

Eligible housing

In subsection (c), by striking paragraph (2) and inserting the following new paragraph: (2)

Eligible housing

The loan will be used to construct, acquire, refinance, or rehabilitate 1- to 4-family dwellings that are standard housing and are located on Hawaiian Home Lands. .

4.

Eligibility of Department of Hawaiian Home Lands for title VI loan guarantees

Title VI of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4191 et seq.) is amended as follows: (1)

Heading

In the heading for the title, by inserting and Native Hawaiian after tribal. (2)

Authority and requirements

In section 601 (25 U.S.C. 4191)— (A)in subsection (a)— (i)by inserting or by the Department of Hawaiian Home Lands, after tribal approval,; and (ii)by inserting or 810, as applicable, after section 202 ; and (B)in subsection (c), by inserting or VIII, as applicable before the period at the end. (3)

Security and repayment

In section 602 (25 U.S.C. 4192)— (A)in subsection (a)— (i)in the matter preceding paragraph (1), by striking or housing entity and inserting , housing entity, or Department of Hawaiian Home Lands; and (ii)in paragraph (3)— (I)by inserting or Department after tribe; (II)by inserting or VIII, as applicable, after title I; and (III)by inserting or 811(b), as applicable before the semicolon; and (B)in subsection (b)(2), by striking or housing entity and inserting , housing entity, or the Department of Hawaiian Home Lands. (4)

Payment of interest

In the first sentence of section 603 (25 U.S.C. 4193), by striking or housing entity and inserting , housing entity, or the Department of Hawaiian Home Lands. (5)

Authorization of appropriations for credit subsidy

In section 605(b) (25 U.S.C. 4195(b)), by striking 1997 through 2007 and inserting 2008 through 2012.