H.R.5003 - Rural Housing Improvement Act of 2010111th Congress (2009-2010)
|Sponsor:||Rep. Capito, Shelley Moore [R-WV-2] (Introduced 04/13/2010)|
|Committees:||House - Financial Services|
|Latest Action:||04/13/2010 Referred to the House Committee on Financial Services. (All Actions)|
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Summary: H.R.5003 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (04/13/2010)
Rural Housing Improvement Act of 2010 - Amends the Housing Act of 1949 and the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Act to increase from up to 1% to at least 3% but not more than 4% the guarantee fee on loans for housing and buildings on adequate farms, as determined sufficient by the Secretary of Agriculture to cover the costs of such guaranteed loans.
Amends the Agriculture, Rural Development, Food and Drug Administration and Related Agencies Appropriation Act, 2001 to repeal the maximum limit on the loan guarantee fee of 2%.
Amends the Housing Act of 1949 to authorize the Secretary to guarantee such loans in aggregate amounts of up to $8 billion for FY2010, in addition to such guaranteed loans authorized in other Acts for FY2010.