H.R.3635 - Senior Citizens' Housing Financial Restructuring Act of 1998105th Congress (1997-1998)
|Sponsor:||Rep. Lazio, Rick [R-NY-2] (Introduced 04/01/1998)|
|Committees:||House - Banking and Financial Services|
|Latest Action:||04/09/1998 Referred to the Subcommittee on Housing and Community Opportunity. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3635 — 105th Congress (1997-1998)All Information (Except Text)
Introduced in House (04/01/1998)
Senior Citizens' Housing Financial Restructuring Act of 1998 - Authorizes the Secretary of Housing and Urban Development, with the consent of the owner, to convert certain housing projects for the elderly from direct loan financing to rental assistance contract financing.
Authorizes related debt forgiveness and section 8 contract cancellation.