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HR 5003 111th Congress House Housing and Community Development Government lending and loan guarantees Housing finance and home ownership Rural conditions and development User charges and fees

Rural Housing Improvement Act of 2010

Introduced: April 13, 2010 Introduced by: Capito, Shelley Moore Republican · West Virginia See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 13, 2010
Referred to the House Committee on Financial Services.
Apr 13, 2010
Introduced in House
 Plain-English summary Congressional Research Service

Rural Housing Improvement Act of 2010 - Amends the Housing Act of 1949 and the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Act to increase from up to 1% to at least 3% but not more than 4% the guarantee fee on loans for housing and buildings on adequate farms, as determined sufficient by the Secretary of Agriculture to cover the costs of such guaranteed loans.

Amends the Agriculture, Rural Development, Food and Drug Administration and Related Agencies Appropriation Act, 2001 to repeal the maximum limit on the loan guarantee fee of 2%.

Amends the Housing Act of 1949 to authorize the Secretary to guarantee such loans in aggregate amounts of up to $8 billion for FY2010, in addition to such guaranteed loans authorized in other Acts for FY2010.

What's happening now April 13, 2010

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1