Summary: H.R.1336 — 106th Congress (1999-2000)All Information (Except Text)

There is one summary for H.R.1336. Bill summaries are authored by CRS.

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Introduced in House (03/25/1999)

Emergency Resident Protection Act of 1999 - Amends the Multifamily Assisted Housing Reform and Affordability Act of 1997 to provide enhanced vouchers for residents of projects with expiring contracts under section 8 of the United States Housing Act of 1937. Authorizes specified appropriations.

Sets forth expiring contract renewal rates based upon comparable market rents.

Authorizes interest reduction payments for project mortgage refinancing.

Amends the National Housing Act to authorize project owners under the rental and cooperative housing program to retain excess income.