To establish a demonstration program to provide affordable rental housing for low-income families, and for other purposes.
Community Investment Demonstration Act of 1993 - Directs the Secretary of Housing and Urban Development to carry out a community investment demonstration program through FY 1998 to provide project-based rental assistance (under section 8 of the United States Housing Act of 1937) on behalf of low-income families in specified housing that is constructed, rehabilitated, or acquired pursuant to a loan or other financing from an eligible pension fund.
Prohibits for the first six months any single pension fund from receiving more than half the authorized assistance.
Requires the General Accounting Office to evaluate the program's effectiveness.
Obligates specified funds for the program from section 8 amounts under the United States Housing Act of 1937.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1813-1814)
Referred to the House Committee on Banking, Finance + Urban Affrs.
Mr. Gonzalez moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H5624-5630)
DEBATE - The House proceeded with forty minutes of debate.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H5635)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 309 - 106 (Roll no. 389).
Roll Call #389 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 309 - 106 (Roll no. 389).
Roll Call #389 (House)Motion to reconsider laid on the table Agreed to without objection.
Referred to the Subcommittee on Housing and Community Development.
Received in the Senate and read twice and referred to the Committee on Banking.
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