To authorize the Secretary of Housing and Urban Development to make grants to States for the acquisition, construction, and rehabilitation of limited equity cooperative housing for low- and moderate-income families.
Cooperative Housing Opportunity Act of 1989 - Authorizes the Secretary of Housing and Urban Development to make matching grants to States to acquire, construct, or rehabilitate limited equity cooperative housing for low and moderate income families.
Permits such grants to be used for technical assistance and seed money revolving funds.
Sets forth project eligibility requirements, including: (1) project size, cost, and standards; (2) equity buildup; and (3) family eligibility.
Authorizes FY 1990 through 1992 appropriations.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Housing and Community Development.
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