H.R.3825 - Work Force Housing Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Pompeo, Mike [R-KS-4] (Introduced 01/25/2012)|
|Committees:||House - Financial Services|
|Latest Action:||02/09/2012 Referred to the Subcommittee on Insurance, Housing and Community Opportunity. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3825 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (01/25/2012)
Work Force Housing Act of 2011 - Amends the National Housing Act to exempt a work force residential housing property from the prohibition against the use of multifamily housing under a federally insured mortgage for transient or hotel purposes (thus authorizing such use).
Defines "work force residential housing property" as multifamily housing: (1) whose dwelling units are rented for a minimum stay of seven days, and (2) that does not provide retail hotel amenities.