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Mark-to-Market Extension Act of 2001

Introduced: July 26, 2001 See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 2001
Placed on Senate Legislative Calendar under General Orders. Calendar No. 115.
Aug 1, 2001
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Sarbanes with an amendment. Without written report.
Aug 1, 2001
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment favorably.
Jul 26, 2001
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 26, 2001
Sponsor introductory remarks on measure. (CR S8284)
Jul 26, 2001
Introduced in Senate
 Plain-English summary Congressional Research Service
Mark-to-Market Extension Act of 2001 - Amends the Multifamily Assisted Housing Reform and Affordability Act of 1997 (Act) to require (currently, authorizes) the Secretary of Housing and Urban Development to make specified funds available to tenant, nonprofit, and other organizations for activities under such Act.

Requires the Office of Multifamily Housing Assistance Restructuring (Office) to provide section 8 residents with notice of a restructuring plan's rejection.

Authorizes the Secretary to consider mortgage restructuring and rental sufficiency plans to facilitate property transfers.

Limits owner contribution to 25 percent of rehabilitation costs in the case of certain required additional features such as elevators, air conditioning, or community space.

Amends the United States Housing Act of 1937 to provide for consistent rent standards for projects undergoing restructuring, and for tenant-based vouchers.

Amends the National Housing Act to limit a refinanced mortgage subject to a mortgage restructuring and rental sufficiency plan to not more than a 30-year term.

Extends the Office and mortgage and rehabilitation programs under the Act.

What's happening now August 1, 2001

Placed on Senate Legislative Calendar under General Orders. Calendar No. 115.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1