Community Housing Investment Partnership Act

Community Housing Investment Partnership Act - Title I: Section 312 Rehabilitation Loan Fund - Authorizes FY 1990 appropriations for the housing rehabilitation loan program under section 312 of the Housing Act of 1964 (thus restoring program funding).

Title II: Homeownership Through Sweat Equity Demonstration - Directs the Secretary of Housing and Urban Development to make grants to State and local housing development agencies (agency) for sweat equity programs that utilize the labor and services of homeless and low-income families to rehabilitate abandoned and vacant housing for rental and ownership by such persons.

Requires a participating agency to provide: (1) 25 percent matching funds; (2) participants with home maintenance and financial management training; and (3) the Secretary with project reports.

Sets annual agency grant limits.

Directs the Secretary to make certain vacant real property available for program purchase. Limits any property's purchase price to the lesser of 90 percent of its outstanding mortgage balance or its market value.

Authorizes the Secretary to finance agency acquisitions of Department of Housing and Urban Development housing through purchase money mortgages.

Authorizes the Secretary to provide agencies with technical assistance.

Requires the Secretary to submit a program report to the Congress.

Authorizes FY 1990 appropriations.

Title III: Eligibility for Nehemiah Housing Opportunity Grants - Amends the Housing and Community Development Act of 1987 to make areas eligible for Nehemiah housing opportunity grants that have rehabilitation needs on 30 percent of the lots in a neighborhood of contiguous blocks. (Current law requires contiguous parcels of land.)

Title IV: Grants for Security Deposit Loan Fund Demonstration Projects - Authorizes the Secretary of Health and Human Services to make grants to housing agencies for three-year demonstration projects to assist low-income families with rental security deposits.

Requires participating agencies to: (1) establish a security deposit revolving loan fund; (2) provide families with financial counseling; and (3) provide the Secretary with annual project evaluations and reports, and a final report.

Requires the Secretary to: (1) provide informational and technical assistance; and (2) provide the Congress with annual reports and a final program report.

Authorizes appropriations.

Title V: Eligibility for Enterprise Zone Designation - Amends the Housing and Community Development Act of 1987 to revise enterprise zone designation criteria so that a community meeting one of the following criteria will qualify for such designation: (1) unemployment rate at least 1.5 times the national average; (2) at least 20 percent of the population below the poverty rate; (3) at least 70 percent of the households with incomes below 80 percent of the area median; and (4) at least a 20 percent population decrease.