A bill to provide mortgage credit assistance to middle-income families purchasing conventionally financed new and substantially rehabilitated homes and to facilitate the preservation and renewal of urban neighborhoods.
Housing Opportunity Act - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to direct the Federal National Mortgage Association to make, and to contract to make, mortgage credit assistance payments to lenders who agree to make mortgage loans to eligible middle-income families purchasing new and rehabilitated homes. Limits qualifications for mortgage credit assistance payments.
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Senate Committee on Banking, Housing and Urban Affairs.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
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