A bill to authorize the Secretary of Housing and Urban Development to award grants to States to supplement State and local assistance for the preservation and promotion of affordable housing opportunities for low-income families.
Affordable Housing Preservation Act of 1999 - Directs the Secretary of Housing and Urban Development to make matching grants to States to supplement State and local assistance for the preservation and promotion of low-income housing.
Sets forth eligibility requirements for: (1) projects with Department of Housing and Urban Development-insured mortgages; (2) projects with section 8 project based assistance; (3) projects purchased by residents; and (4) rural rental assistance projects.
Authorizes appropriations.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S8092)
Read twice and referred to the Committee on Banking.
Subcommittee on Housing and Transportation. Hearings held.
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