A bill to provide for the disposition of unoccupied and substandard multifamily housing projects owned by the Secretary of Housing and Urban Development.
Urban Homestead Act of 1995 - Directs the Secretary of Housing and Urban Development to transfer ownership of unoccupied or substandard public housing to appropriate units of local government, after first satisfying any related indebtedness. Directs these local governmental units to initially offer such housing for sale exclusively to community development corporations, and then on a competitive basis.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S12716-12718)
Read twice and referred to the Committee on Banking.
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