[Congressional Record Volume 153, Number 142 (Monday, September 24, 2007)]
[Extensions of Remarks]
[Page E1951]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              EXPANDING AMERICAN HOMEOWNERSHIP ACT OF 2007

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                               speech of

                          HON. JOHN D. DINGELL

                              of michigan

                    in the house of representatives

                      Tuesday, September 18, 2007

       The House in Committee of the Whole House on the State of 
     the Union had under consideration the bill (H.R. 1852) to 
     modernize and update the National Housing Act and enable the 
     Federal Housing Administration to use risk-based pricing to 
     more effectively reach underserved borrowers, and for other 
     purposes:

  Mr. DINGELL. Madam Chairman, I rise today to speak in favor of H.R. 
1852, the Expanding American Homeownership Act of 2007. Section 29 of 
this bill is designed to clarify congressional intent regarding certain 
properties that entered the HUD property disposition process prior to 
the enactment of the Deficit Reduction Act but where the initial 
proposed disposition was delayed. An example of one such project is 
Parkview Apartments in Ypsilanti, Michigan. While I believe that this 
particular project is already subject to the grandfathering provision 
of the DRA, Section 29 clarifies that such properties should be 
considered ``pre-DRA'' properties, and that HUD should proceed with its 
prior disposition contracts as to those properties. This clarification 
was requested by HUD and, in drafting this provision, we were assisted 
by HUD staff and were assured that this language was the clarification 
the agency needed to proceed with the 2004 contract as to Parkview 
Apartments.

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