S.1365 - Affordable Housing Preservation Act of 2001107th Congress (2001-2002)
|Sponsor:||Sen. Jeffords, James M. [I-VT] (Introduced 08/03/2001)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 08/03/2001 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Summary: S.1365 — 107th Congress (2001-2002)All Information (Except Text)
Affordable Housing Preservation Act of 2001 - Directs the Secretary of Housing and Urban Development to make matching grants to States to supplement State and local assistance for the preservation and promotion of low-income housing.
Introduced in Senate (08/03/2001)
Sets forth eligibility requirements for: (1) projects with Department of Housing and Urban Development-insured mortgages; (2) projects with section 8 project based assistance; (3) projects purchased by residents; and (4) rural rental assistance projects.
Authorizes the Secretary to make grants to qualifying nonprofit entities seeking to acquire and maintain eligible affordable housing.