S.2035 - Workforce Residential Housing Act of 2011112th Congress (2011-2012)
|Sponsor:||Sen. Moran, Jerry [R-KS] (Introduced 01/26/2012)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 01/26/2012 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Summary: S.2035 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in Senate (01/26/2012)
Workforce Residential Housing Act of 2011 - Amends the National Housing Act to exempt a workforce residential housing property from the prohibition against the use of multifamily housing covered by a federally insured mortgage for transient or hotel purposes (thus authorizing such use).
Defines "workforce residential property" as multifamily housing that rents units for a minimum stay of seven days and does not provide retail hotel amenities.