To increase the Federal Housing Administration mortgage commitment level for fiscal year 2007 to carry out the purposes of sections 238 and 519 of the National Housing Act, and for other purposes.
Save Affordable Housing and Health Care Facilities Act of 2006 - Declares that the maximum dollar amount limitation on commitments to guarantee loans for special risk insurance fund and general insurance fund purposes under the National Housing Act shall be continued for FY2007 at a rate for operations not exceeding $45 billion.
Amends the National Housing Act to increase from 275,000 to 300,000 the aggregate number of insured home equity conversion mortgages for elderly homeowners authorized under the Act.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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