Provides for: (1) consistency of rent levels under enhanced voucher assistance and rent restructurings; (2) eligible inclusions for renewal rents of partially assisted buildings; (3) eligibility of restructuring projects for miscellaneous housing insurance; (4) Office of Multifamily Housing Assistance Restructuring (Office) notice to displaced tenants; (5) restructuring exemption for certain older properties under the American Homeownership and Economic Opportunity Act of 2000; and (6) "look-back" project eligibility.
Title II: Office of Multifamily Housing Assistance Restructuring - Amends the Act to extend: (1) the Office through October 1, 2004; and (2) the mark-to-market program through October 1, 2006 (with no termination date for section 8 contract renewals). Sets forth provisions relating to the Office, including its Director and oversight by the Federal Housing Commissioner. Reduces the limitation on subsequent employment from two years to one year.
Title III: Miscellaneous Housing Program Amendments - Amends the Housing and Community Development Act of 1974 to extend the community development block grant public services cap exception through FY 2003.
(Sec. 302) Amends the United States Housing Act of 1937 to permit the use of section 8 enhanced vouchers for prepayments made in 1996 or thereafter.
(Sec. 303) Amends the American Homeownership and Economic Opportunity Act of 2000 to permit prepayment and refinancing of loans for section 202 supportive housing.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by Voice Vote.
Reported by the Committee on Financial Services. H. Rept. 107-196.
Reported by the Committee on Financial Services. H. Rept. 107-196.
Placed on the Union Calendar, Calendar No. 115.
Mr. Green (WI) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H5949-5955)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2589.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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ORDER OF PROCEDURE - Mr. Hefley asked unanimous consent that the proceedings in which the Yeas and Nays were ordered on the motion to suspend the rules and pass H.R. 2589 be vacated and that the Chair put the question on the motion de novo. Agreed to without objection.
Considered as unfinished business. (consideration: CR H5989)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5949-5952)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5949-5952)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 168.