To authorize the use of multifamily housing subject to a mortgage insured under section 207 of the National Housing Act as work force residential housing.
Work Force Housing Act of 2011 - Amends the National Housing Act to exempt a work force residential housing property from the prohibition against the use of multifamily housing under a federally insured mortgage for transient or hotel purposes (thus authorizing such use).
Defines "work force residential housing property" as multifamily housing: (1) whose dwelling units are rented for a minimum stay of seven days, and (2) that does not provide retail hotel amenities.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
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