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S 677 107th Congress Senate

Housing Bond and Credit Modernization and Fairness Act of 2001

Official title: A bill to amend the Internal Revenue Code of 1986 to repeal the required use of certain principal repayments on mortgage subsidy bond financing to redeem bonds… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to repeal the required use of certain principal repayments on mortgage subsidy bond financing to redeem bonds, to modify the purchase price limitation under mortgage subsidy bond rules based on median family income, and for other purposes.

Introduced: April 2, 2001 See on congress.gov
Taxation Business income taxCommerceEconomics and Public FinanceFinance and Financial Sector
More subjectsShow fewer subjects
Housing and Community DevelopmentHousing subsidiesIncomeIncome taxLow-income housingMortgage interest ratesMortgage loansRentSocial WelfareTax creditsTax-exempt securities
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 2, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3281)
Apr 2, 2001
Sponsor introductory remarks on measure. (CR S3280-3281)
Apr 2, 2001
Introduced in Senate
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 Latest action April 2, 2001

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3281)

 Plain-English summary Congressional Research Service
Housing Bond and Credit Modernization and Fairness Act of 2001 - Amends the Internal Revenue Code to: (1) repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds; (2) modify the purchase price limitation under mortgage subsidy bond rules based on median family income; and (3) define the term "area median gross income" for low-income housing credit projects.
 Related & companion bills 1
  • HR 951 Identical bill Housing Bond and Credit Modernization and Fairness Act of 2001
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 5 Republican 2
D
Cantwell, Maria
Washington · Jun 21, 2002
 D
Schumer, Charles E.
New York · Jun 5, 2002
 D
Murray, Patty
Washington · Nov 27, 2001
 D
Wyden, Ron
Oregon · Oct 1, 2001
 R
Crapo, Mike
Idaho · Jun 13, 2001
 D
Durbin, Richard J.
Illinois · Jun 6, 2001
 R
Collins, Susan M.
Maine · May 24, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). S. 677: Housing Bond and Credit Modernization and Fairness Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-S-677/
MLA
"S. 677: Housing Bond and Credit Modernization and Fairness Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-677/.
Bluebook (legal)
S. 677, 107th Cong. (2026), https://openamerica.io/bill/107-S-677/.
Markdown link
[S. 677: Housing Bond and Credit Modernization and Fairness Act of 2001](https://openamerica.io/bill/107-S-677/)
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