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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Housing Grant Action Program Act of 1989

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to assist States in providing low and middle income housing to their residents, and for other purposes.

Actions Overview (1)

04/19/1989Introduced in Senate

All Actions (1)

04/19/1989Read twice and referred to the Committee on Banking.
Action By: Senate

Cosponsors (0)

No cosponsors.

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Banking, Housing, and Urban Affairs04/19/1989 Referred to

No related bill information was received for S.853.

Latest Summary (1)

There is one summary for S.853. View summaries

Shown Here:
Introduced in Senate (04/19/1989)

Housing Grant Action Program Act of 1989 - Title I: Housing Grant Action Program - Authorizes the Secretary of Housing and Urban Development to make basic housing grants to States to cover development and acquisition costs of low and moderate income housing. Bases amounts on a national formula that includes the following factors: (1) population; (2) income and poverty; (3) housing stock; (4) State fiscal capacity; and (5) housing affordability.

Authorizes the Secretary to make challenge grants to States to cover development and acquisition costs for low and moderate income housing.

Requires a State to submit a two-year grant action plan, including a provision for public participation. Sets forth special plan criteria for cities and counties with populations in excess of specified levels.

Sets forth targeted income groups for homeownership and rental programs.

Authorizes appropriations (70 percent for basic grants, 30 percent for challenge grants).

Title II: FHA Insurance Programs - Amends the National Housing Act to authorize a mortgage insurance demonstration program for certain mortgagor-occupied one- to four-family residences.

Authorizes the Secretary to implement multifamily mortgage insurance programs without the approval of other Federal agencies.

Includes specified National Housing Act coinsured mortgages within the scope of title I of this Act.

Title III: Tax and Housing Policy Coordinating Council - Establishes a Tax and Housing Policy Coordinating Council to coordinate tax policy and legislation with the administration's housing policy.

Directs the Council to: (1) advise the President regarding the consistency between existing and proposed tax policy and housing policy; and (2) comment on proposed tax legislation.

Directs congressional committees, in order to facilitate an awareness of the relation between tax and housing policy, to include a "housing impact statement" in any committee report accompanying tax legislation.

Title IV: Repeals and Amendments - Repeals: (1) section 17 (rental rehabilitation and development grants) of the United States Housing Act of 1937; and (2) section 235 (homeownership for lower income families) of the National Housing Act.

Amends the Housing and Community Development Act of 1974 to limit housing construction or rehabilitation assistance to grantees unable to receive such assistance under title I of this Act.