HR 7113
110th Congress
House
Housing and Community Development
Government information and archives
Historic sites and heritage areas
Housing finance and home ownership
Real estate business
State and local finance
Preserve Our Neighborhoods Act of 2008
Introduced: September 26, 2008
Introduced by:
Turner, Michael R.
Republican
· Ohio
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1