A bill to amend the National Housing Act to increase the maximum mortgage amount limit for FHA-insured mortgages for multifamily housing located in high-cost areas.
FHA Multifamily Loan Limit Adjustment Act of 2003 - Amends the National Housing Act to increase high-cost area and project-based additional mortgage loan limits for Federal Housing Administration (FHA)-insured mortgages for: (1) rental housing; (2) cooperative housing; (3) rehabilitation and neighborhood conservation housing; (4) moderate income and displaced family housing; (5) housing for the elderly; and (6) condominiums.
Increases: (1) "amount per space" rental housing mortgage limits; and (2) certain cooperative housing mortgage limits.
Became Public Law No: 108-186.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S12461)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S12461-12462)
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line