Summary: H.R.2997 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.2997. Bill summaries are authored by CRS.

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Introduced in House (07/25/1989)

Federal Surplus Property for Affordable Housing Development Act of 1989 - Establishes the Interagency Task Force on Federal Surplus Property which shall select surplus real property for the housing demonstration program authorized by this Act. Terminates the Task Force upon completion of its duties.

Authorizes the Secretary of Housing and Urban Development to carry out a demonstration program to convey surplus property to States to provide rental and homeownership opportunities for very low and lower income families.

Authorizes: (1) the Administrator of General Services to transfer surplus real property to the Secretary; and (2) the Secretary to convey such property to a State to be used as provided for by this Act.

Sets forth reporting requirements of the States and the Secretary.