To provide downpayment assistance under the HOME Investment Partnerships Act, and for other purposes.
(This measure has not been amended since it was reported to the House on June 19, 2003. The summary of that version is repeated here.)
American Dream Downpayment Act - Amends the Cranston-Gonzalez National Affordable Housing Act to authorize the Secretary of Housing and Urban Development to make grants to participating jurisdictions for single family residential downpayment assistance to: (1) low-income or first-time home buyers; or (2) income-qualifying uniformed employees (police, fire, sanitation and maintenance) or teachers of a participating jurisdiction.
Requires a participating jurisdiction to include in its comprehensive housing affordability strategy information regarding: (1) grant use; (2) outreach activities; and (3) activities to ensure the suitability of recipient families to maintain homeownership.
Sets forth allocation criteria. Permits fund reallocation.
Authorizes specified FY 2004 and 2005 appropriations.
Makes the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 inapplicable to such assistance.
Became Public Law No: 108-186.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Housing and Community Opportunity.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended).
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 108-164.
Reported (Amended) by the Committee on Financial Services. H. Rept. 108-164.
Placed on the Union Calendar, Calendar No. 81.
Mr. Ney moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H9039-9045)
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DEBATE - The House proceeded with forty minutes of debate on H.R. 1276.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H9039)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H9039)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.