A bill to permit secondary mortgage financing for residential properties that include small day care centers, and for other purposes.
Small Day Care Center Assistance Act - Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to define the term "mortgage" to include a mortgage secured by a one-to-four family residential property that is occupied as a residence and in which child care service is legally provided.
Referred to the Subcommittee on Housing and Community Development.
Introduced in Senate
Read twice and referred to the Committee on Banking.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line