S.1494 - Housing Opportunity Program Extension Act of 1996104th Congress (1995-1996)
|Sponsor:||Sen. D'Amato, Alfonse [R-NY] (Introduced 12/21/1995)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||03/28/1996 Became Public Law No: 104-120. (TXT | PDF) (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- Resolving Differences
- To President
- Became Law
Summary: S.1494 — 104th Congress (1995-1996)All Information (Except Text)
Passed House amended (02/27/1996)
Housing Opportunity Program Extension Act of 1996 - Extends through FY 1996 section 8 (United States Housing Act of 1937) contract assistance authority for one-year renewals at current rent levels.
Directs the Secretary (Secretary) of Housing and Urban Development (HUD) to use specified funds for low-income housing preservation in accordance with certain provisions of H.R. 2099, as passed the House.
(Sec. 3) Extends the home ownership program as an eligible community block grant program through FY 1996.
Amends the Housing and Community Development Act of 1974 to increase the aggregate loan guarantee limit.
(Sec. 4) Amends the Housing Act of 1949 to extend through FY 1996 the provisions of such Act relating to underserved areas set-asides, rural multifamily rental housing assistance, and rural rental housing funds for nonprofit entities.
(Sec. 5) Enacts into law specified provisions of H.R. 1691, as passed the House, relating to: (1) authorization of loan guarantees through FY 1996 for low and moderate income rural multifamily rental housing; (2) limits on unpaid principal and interest guarantees, and on loan terms (up to 40 years); (3) borrower, housing, and lender eligibility; (4) foreclosure; (5) loan refinancing; (6) geographical targeting; (7) annual loan guarantee ceilings; and (8) program termination after September 30, 1996.
(Sec. 6) Amends the National Housing Act to extend the Federal Housing Administration home equity conversion mortgage program through FY 2000. Increases program mortgages to 50,000. Permits mortgages to be made for certain owner-occupied multifamily dwellings.
(Sec. 7) Amends the Federal National Mortgage Association Charter Act to extend the government National Mortgage Association (GNMA) guaranteed mortgage backed securities program through FY 1996.
(Sec. 8) Amends the Housing and Community Development Act of 1992 to extend the risk-sharing and housing finance agency pilot programs through FY 1996.
(Sec. 9) Amends the United States Housing Act of 1937 with regard to public housing security to: (1) extend security authority to "off" premises; (2) make criminal records of adult applicants or tenants available for screening or eviction purposes; and (3) make a tenant evicted for drug-related activity ineligible for housing assistance for three years unless such person successfully completes an approved rehabilitation program. Amends the United States Housing Act of 1937 to prohibit occupancy in assisted housing and housing for the elderly and disabled to alcohol and drug abusers.
(Sec. 10) Amends the United States Housing Act of 1937 to revise provisions permitting public housing agency (PHA) designation of housing for occupancy by only elderly families, only disabled families, or elderly and disabled families. Prohibits eviction of current tenants from designated projects. Requires PHA assistance to relocated tenants. Sets forth designation plan and HUD approval provisions. Authorizes FY 1996 appropriations.
(Sec. 11) Authorizes the Secretary to make grants to Habitat for Humanity International (headquartered in Americus, Georgia) and other national or regional organizations or consortia for construction of new, safe, and sanitary dwellings in the United States, including land acquisitions and infrastructure improvement.
(Sec. 12) Authorizes the Secretary to use specified assisted housing funds for FY 1996 for: (1) self-help housing assistance under section 11 of this Act; (2) the national cities in schools community development program; and (3) capacity building through national community development initiative.
(Sec. 13) States that this Act and its provisions shall be construed to have become effective on October 1, 1995.