[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 2035 Introduced in Senate (IS)]

112th CONGRESS
  2d Session
                                S. 2035

  To provide support for workforce residential housing, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 26, 2012

Mr. Moran (for himself and Mr. Roberts) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
  To provide support for workforce residential housing, and for other 
                               purposes.

    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 ``Workforce Residential Housing Act of 
2011''.

SEC. 2. WORKFORCE RESIDENTIAL HOUSING.

    Section 513 of the National Housing Act (12 U.S.C. 1731b) is 
amended--
            (1) in subsection (b)--
                    (A) by striking ``or (2)'' and inserting ``(2)''; 
                and
                    (B) by inserting before the period at the end the 
                following: ``, or (3) the project is for workforce 
                residential housing property and is covered by a 
                mortgage insured under section 207''; and
            (2) in subsection (e)--
                    (A) by striking ``and (2)'' and inserting ``(2)''; 
                and
                    (B) by inserting before the period at the end the 
                following: ``, and (3) the term `workforce residential 
                property' means multifamily housing that rents units 
                for a minimum stay of 7 days and does not provide 
                retail hotel amenities, as defined by the Secretary''.
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