To authorize the Secretary of Housing and Urban Development to carry out a demonstration program to make grants to community development corporations for reducing interest rates on loans for economic development activities in 5 federally designated enterprise communities.
Economic Development Loan Assistance Demonstration Program Act of 1995 - Directs the Secretary of Housing and Urban Development to establish a demonstration program (and authorizes loan assistance grants) to encourage economic development in five enterprise communities through grants to community development corporations for reducing interest rates on economic development loans. Authorizes appropriations.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E74-75)
Referred to the House Committee on Banking and Financial Services.
Referred to the Subcommittee on Housing and Community Opportunity.
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