A bill to provide support for workforce residential housing, and for other purposes.
Workforce Residential Housing Act of 2011 - Amends the National Housing Act to exempt a workforce residential housing property from the prohibition against the use of multifamily housing covered by a federally insured mortgage for transient or hotel purposes (thus authorizing such use).
Defines "workforce residential property" as multifamily housing that rents units for a minimum stay of seven days and does not provide retail hotel amenities.
Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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