Urban Homesteading and Bulk Sales Act - Amends the Housing and Community Development Act of 1974 to authorize the Secretary of Housing and Urban Development to acquire single family properties in bulk from the Resolution Trust Corporation for transfer to State and local governmental and public agencies for the urban homesteading program. Prescribes guidelines for such program.
Authorizes appropriations.
Amends the Federal Home Loan Bank Act to prescribe guidelines for urban homesteading acquisition by the Secretary.
Introduced in House
Introduced in House
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Referred to the Subcommittee on Housing and Community Development.
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