H.R.3191 - Home Ownership Opportunities for Public Safety Officers and Teachers Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Roukema, Marge [R-NJ-5] (Introduced 10/31/2001)|
|Committees:||House - Financial Services|
|Latest Action:||House - 11/19/2001 Referred to the Subcommittee on Housing and Community Opportunity. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3191 — 107th Congress (2001-2002)All Information (Except Text)
Home Ownership Opportunities for Public Safety Officers and Teachers Act of 2001 - Amends the National Housing Act to provide for one percent downpayments (and deferral and reduction of up-front payments) for Federal Housing Administration mortgage loans for qualified elementary and secondary school teachers and administrators and non-Federal public safety officers to purchase homes within the jurisdictions of their employing agencies.
Introduced in House (10/31/2001)
Provides a 50 percent discount for teachers and public safety officers purchasing certain eligible asset properties for use as their primary residence.
Directs the Secretary of Housing and Urban Development to carry out a mortgage assistance pilot program to assist Federal, State, and local public safety officers purchase primary residences in high-crime areas.