Summary: H.R.951 — 107th Congress (2001-2002)All Information (Except Text)

There is one summary for H.R.951. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/08/2001)

Housing Bond and Credit Modernization and Fairness Act of 2001 - Amends the Internal Revenue Code to: (1) repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds; (2) modify the purchase price limitation under mortgage subsidy bond rules based on median family income; and (3) define the term "area median gross income" for low-income housing credit projects.