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S. 2967 107th Congress Senate

Affordable Housing Expansion Act of 2002

Official title: A bill to promote the production of affordable low-income housing.

Introduced: September 19, 2002 See on congress.gov
Housing and Community Development Administrative procedureAffordable housingCharitiesCitizen participation
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Community developmentCongregate housingCounty politics and governmentDepartment of Housing and Urban DevelopmentEconomics and Public FinanceFamiliesFederal aid to housingFederally-guaranteed loansFinance and Financial SectorGovernment Operations and PoliticsHousing authoritiesHousing financeHousing for the agedHousing for the disabledHousing managementHousing policyHousing subsidiesIncomeIndian housingLawLoan defaultsLow-income housingMetropolitan areasMinoritiesMortgage guaranty insuranceNative AmericansNonprofit organizationsPublic housingRental housingRisk managementRural housingSocial WelfareUrban affairsUrban housing
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 25, 2002
Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing and Transportation. Hearings held.
Sep 19, 2002
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S8922-8926)
Sep 19, 2002
Sponsor introductory remarks on measure. (CR S8920-8922)
Sep 19, 2002
Introduced in Senate
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 Latest action September 25, 2002

Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing and Transportation. Hearings held.

 Plain-English summary Congressional Research Service
Affordable Housing Expansion Act of 2002 - Directs the Secretary of Housing and Urban Development to make funds available to State housing finance agencies for low-income housing rehabilitation and development. Obligates specified amounts for Indian tribes. Provides for: (1) a minimum State allocation; and (2) a 25 percent State matching requirement. Sets forth housing eligibility provisions.

Requires State submission of an affordable housing expansion plan.

Directs the Secretary to carry out a multifamily risk-sharing mortgage insurance program.

Amends the United States Housing Act of 1937 to authorize the use of section 8 project-based assistance for extremely low-income housing construction and rehabilitation. Limits assistance to: (1) 75 percent of the payment standard or applicable fair market rental; and (2) 25 percent of a building's units.

Authorizes reallocation of certain underused section 8 vouchers.

Directs the Department of Housing and Urban Development to maintain existing section 8 project-based assistance for any Department-owned or -held multifamily project upon disposition, unless the project is determined to be not viable.

Authorizes a public housing loan guarantee program.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Collins, Susan M.
Maine · Sep 19, 2002
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APA
U.S. Congress. (2026). S. 2967: Affordable Housing Expansion Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-S-2967/
MLA
"S. 2967: Affordable Housing Expansion Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-2967/.
Bluebook (legal)
S. 2967, 107th Cong. (2026), https://openamerica.io/bill/107-S-2967/.
Markdown link
[S. 2967: Affordable Housing Expansion Act of 2002](https://openamerica.io/bill/107-S-2967/)
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