S.2733 - Affordable Housing for Seniors and Families Act106th Congress (1999-2000)
|Sponsor:||Sen. Santorum, Rick [R-PA] (Introduced 06/15/2000)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||07/18/2000 Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing and Transportation. Hearings held. With printed Hearing: S.Hrg. 106-1077. (All Actions)|
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Summary: S.2733 — 106th Congress (1999-2000)All Bill Information (Except Text)
Affordable Housing for Seniors and Families Act - Title I: Refinancing for Section 202 Supportive Housing for the Elderly - Directs the Secretary of Housing and Urban Development, respecting projects assisted under section 202 (supportive housing for the elderly) of the Housing Act of 1959, to: (1) approve prepayment of indebtedness, including refinancing under specified conditions, provided the project sponsor continues to operate the project on terms at least as advantageous to tenants as required under the original agreement; and (2) upon refinancing, use at least 50 percent of the resultant savings in a manner that is advantageous to the tenants.
Introduced in Senate (06/15/2000)
Title II: Authorization of Appropriations for Supportive Housing for the Elderly and Persons With Disabilities - Amends the Housing Act of 1959 to authorize appropriations for supportive housing for the elderly.
(Sec. 202) Amends the Cranston-Gonzalez National Affordable Housing Act to authorize appropriations for supportive housing for persons with disabilities.
(Sec. 203) Authorizes appropriations for: (1) grants for service coordinators for elderly and disabled residents of certain federally assisted multifamily housing; and (2) contracts for congregate services for certain federally assisted housing.
Title III: Expanding Public Housing Opportunities for the Elderly and Persons with Disabilities - Subtitle A: Housing for the Elderly - Amends the Housing Act of 1959, with respect to supportive services for the elderly, to establish a matching capital grant program. Provides for certain numbers of tenants who are elderly but not very low-income persons.
(Sec. 302) Makes for-profit limited partnerships eligible program participants.
(Sec. 303) Permits owners to use mixed funding sources for amenities and other design features.
(Sec. 304) Expands acquisition authority.
(Sec. 305) Authorizes low-income eligibility in supportive housing projects with high vacancy rates.
(Sec. 306) Authorizes project reserves to be used to reduce the number of dwelling units by retrofitting unmarketable units.
(Sec. 307) States that no provision of law shall be construed to prohibit commercial operations in a project location that benefits project residents.
(Sec. 308) Directs the Secretary to carry out a pilot program for up to five projects to determine the effectiveness and feasibility of providing section 202 assistance for housing projects that are both for supportive services for the elderly and for other types of housing, including market rate housing.
(Sec. 309) Amends the Housing Act of 1959 to authorize the Secretary to make grants for capital repairs of elderly housing projects or their conversion to assisted living facilities. Authorizes appropriations.
(Sec. 310) Amends the United States Housing Act of 1937 to authorize the Secretary to make grants to public housing agencies for conversion of public housing for the elderly to assisted living facilities. Authorizes appropriations.
(Sec. 311) Directs the Secretary to make an annual inventory of HUD and federally-assisted housing designated for elderly and disabled families.
(Sec. 312) Directs the Secretary, in the case of denial of section 202 assistance for failure to provide timely information, to notify and provide opportunity for the applicant to show third party fault.
Subtitle B: Housing for Persons with Disabilities - Amends the Cranston-Gonzalez National Affordable Housing Act with respect to supportive housing for persons with disabilities to include among assistance forms a capital advance matching grants program. Provides for certain numbers of tenants who are disabled but not very low-income persons.
(Sec. 322) Amends the Housing Act of 1959 to make certain for-profit limited partnerships eligible recipients under the supportive housing for persons with disabilities program.
(Sec. 323) Amends the Cranston-Gonzalez National Affordable Housing Act with respect to the supportive housing for persons with disabilities program to permit owners to use mixed funding sources for amenities and other design features.
(Sec. 324) Provides that limited tenant-based assistance may be provided through a qualifying public housing agency or a private nonprofit organization.
(Sec. 325) Authorizes project reserves to be used to reduce the number of dwelling units by retrofitting unmarketable units.
(Sec. 326) States that no provision of law shall be construed to prohibit commercial operations in a project location that benefits project residents.
Subtitle C: Other Provisions - Amends the Housing and Community Development Act of 1992 to permit service coordinator services to be provided to low-income or elderly persons living in the vicinity of specified federally assisted housing.
Includes telemarketing fraud protection among the services provided to elderly residents of federally assisted housing and under the supportive housing program.
Title IV: Preservation of Affordable Housing Stock - Directs the Secretary to make grants to States and localities for low-income housing preservation and promotion.
Title V: Mortgage Insurance for Health Care Facilities and Home Equity Conversion Mortgages - Amends the National Housing Act to authorize mortgage insurance for debt refinancing of existing health care facilities. Permits hospital, home, or facility refinancing to prepay a loan that is within five years of maturity. Permits use of refinancing proceeds for related maintenance and equipment.
(Sec. 502) Includes within the definition of "assisted living facility" certain unlicenced facilities. Defines "integrated service facility."
(Sec. 503) Revises hospital mortgage insurance provisions.
(Sec. 504) Authorizes the Secretary to insure refinancing of home equity conversion mortgages.