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S 2893 113th Congress Senate Housing and Community Development Congressional oversight Government studies and investigations Housing and community development funding Housing finance and home ownership Housing supply and affordability

Workforce Residential Housing Act of 2014

Introduced: September 18, 2014 Introduced by: Moran, Jerry Republican · Kansas 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
Sep 18, 2014
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sep 18, 2014
Introduced in Senate
 Plain-English summary Congressional Research Service

Workforce Residential Housing Act of 2014 - Amends the National Housing Act to except from the prohibition against the use of houses built with federally insured mortgages for transient or hotel housing certain mulifamily housing that is a short-term residential property, provided that the Secretary of Housing and Urban Development (HUD) has determined that the provision of such insurance is appropriate.

Defines "short-term residential property" as multifamily housing that:

  • has more than 50 dwelling units, each of which contains a kitchen and bathroom facilities;
  • provides mailboxes for each unit;
  • rents the units for a minimum stay of seven days; and
  • does not provide food or beverage services, daily maid services, furnishing and laundering of linen without charge, or bellhop services.

Directs the Secretary to: (1) evaluate the risk of providing mortgage insurance for short-term residential properties, and (2) report to Congress on whether any additional risk to the General Insurance Fund resulting from the provision of mortgage insurance for such properties is appropriate.

What's happening now September 18, 2014

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Committees of jurisdiction 1