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HR 7113 110th Congress House

Preserve Our Neighborhoods Act of 2008

Official title: To preserve neighborhoods by permitting units of local government to purchase from the Secretary of the Treasury certain mortgages secured by vacant and deteri… Show full official titleShow less

Official title: To preserve neighborhoods by permitting units of local government to purchase from the Secretary of the Treasury certain mortgages secured by vacant and deteriorating real property held by persons who are not less than 120 days in default in repaying the mortgage debts.

Introduced: September 28, 2008 Introduced by: Turner, Michael R. Republican · Ohio See on congress.gov
Housing and Community Development Government information and archivesHistoric sites and heritage areasHousing finance and home ownershipReal estate businessState and local finance
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 26, 2008
Referred to the House Committee on Financial Services.
Sep 26, 2008
Introduced in House
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 Latest action September 26, 2008

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Preserve Our Neighborhoods Act of 2008 - Cites conditions under which a local government may purchase from the Secretary of the Treasury at the price of $1 per mortgage a group of at least 25 available mortgages, each of which is secured by real property.

Requires the Secretary to make available to the public, at 90-day intervals, a list of all parcels of real estate, identified by specific address, that are available for purchase.

Authorizes the Secretary to sell such mortgages.

Applies the National Historic Preservation Act with respect to the rights in property acquired by local governments as a result of the foreclosure of mortgages purchased under this Act.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Clarke, Yvette D.
New York · Sep 28, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7113: Preserve Our Neighborhoods Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-7113/
MLA
"H.R. 7113: Preserve Our Neighborhoods Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-7113/.
Bluebook (legal)
H.R. 7113, 110th Cong. (2026), https://openamerica.io/bill/110-HR-7113/.
Markdown link
[H.R. 7113: Preserve Our Neighborhoods Act of 2008](https://openamerica.io/bill/110-HR-7113/)
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