Summary: H.R.6424 — 109th Congress (2005-2006)All Information (Except Text)

There is one summary for H.R.6424. Bill summaries are authored by CRS.

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Introduced in House (12/08/2006)

Save Affordable Housing and Health Care Facilities Act of 2006 - Declares that the maximum dollar amount limitation on commitments to guarantee loans for special risk insurance fund and general insurance fund purposes under the National Housing Act shall be continued for FY2007 at a rate for operations not exceeding $45 billion.

Amends the National Housing Act to increase from 275,000 to 300,000 the aggregate number of insured home equity conversion mortgages for elderly homeowners authorized under the Act.