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HR 1997 113th Congress House

Communities Achieving Sustainability Act

Official title: To allow investor participation in the loan rehabilitation program authorized under section 203(k) of the National Housing Act.

Introduced: May 15, 2013 See on congress.gov
Housing and Community Development Government lending and loan guaranteesHousing finance and home ownershipReal estate businessResidential rehabilitation and home repair
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
May 15, 2013
Referred to the House Committee on Financial Services.
May 15, 2013
Introduced in House
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 Latest action May 15, 2013

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Communities Achieving Sustainability Act - Directs the Secretary of Housing and Urban Development (HUD), during a 2-year period, to insure and make commitments to insure rehabilitation loans (including advances during rehabilitation) made by financial institutions in order to assist in the rehabilitation of 1- to 4-family structures used primarily for residential purposes.

Limits insurable rehabilitation loans to investors who do not intend to occupy the structure in question but obtain a rehabilitation loan for the purpose of appreciation or production of income with respect to the structure.

Allows mortgage insurance for up to four such structures during a calendar year.

Prohibits such mortgages from exceeding 90% of the appraised value of the structure in question.

Requires the single premium payment due at the time of insurance to be increased by 10 basis points for any mortgage insured under this Act.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Peters, Scott H.
California · May 15, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1997: Communities Achieving Sustainability Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-1997/
MLA
"H.R. 1997: Communities Achieving Sustainability Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-1997/.
Bluebook (legal)
H.R. 1997, 113th Cong. (2026), https://openamerica.io/bill/113-HR-1997/.
Markdown link
[H.R. 1997: Communities Achieving Sustainability Act](https://openamerica.io/bill/113-HR-1997/)
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