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Homesteading and Neighborhood Restoration Act of 1995

Introduced: May 24, 1995 See on congress.gov
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 Everywhere this bill has been 12 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 31, 1995
Received in the Senate and read twice and referred to the Committee on Banking.
Oct 30, 1995
Motion to reconsider laid on the table Agreed to without objection.
Oct 30, 1995
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Oct 30, 1995
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Oct 30, 1995
Mr. Lazio moved to suspend the rules and pass the bill, as amended.
Oct 30, 1995
DEBATE - The House proceeded with forty minutes of debate.
Oct 30, 1995
Considered under suspension of the rules. (consideration: CR H11392-11398)
May 25, 1995
Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 18 - 4.
May 25, 1995
Subcommittee Consideration and Mark-up Session Held.
May 25, 1995
Referred to the Subcommittee on Housing and Community Opportunity.
May 24, 1995
Referred to the House Committee on Banking and Financial Services. a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 24, 1995
Introduced in House
 Plain-English summary Congressional Research Service

Homesteading and Neighborhood Restoration Act of 1995 - Directs the Secretary of Housing and Urban Development to make equal grants to Habitat for Humanity International and other national or regional organizations or consortia for the construction of new, safe, and sanitary dwellings in the United States, including land acquisitions and infrastructure improvement. Amends the Housing Act of 1949 to extend the time period in which the Secretary is authorized to insure and make commitments to insure loans made under the multifamily rural housing program.

Allows any interest in the ownership of a project for which a loan is made or insured under to be transferred only if the Secretary determines that such a transfer would be in the best interest of the tenants of the housing.

Repeals provisions which prohibit the Secretary from denying loans because an area is excessively remote.

Requires the Secretary to establish objective procedures to identify the counties and communities that have the greatest need for rental housing assistance and designate those counties and communities to receive assistance.

Amends the Housing Act of 1949 to deny equity loans to extend low income use unless the Secretary determines that other incentives available are not adequate to provide a fair return on the investment of the borrower, to prevent prepayment of the loan, or to prevent displacement of tenants of the housing for which the loan was made.

Authorizes the Secretary to make commitments to nonprofit organizations, an agency or body of any State government, or a private entity to guarantee loans from lenders approved by the Secretary for the development costs of housing and related facilities that consists of five or more adequate dwellings available for occupancy only by low or moderate income families or persons, and will remain available according to commitments required by the Secretary. Terminates guarantee authority after September 30, 1995.

Authorizes appropriations.

What's happening now October 31, 1995

Received in the Senate and read twice and referred to the Committee on Banking.

 Committees of jurisdiction 3
 Cosponsors 4
All 4 Democratic 4