S.3198 - A bill to extend the Emergency Home Purchase Assistance Act of 1974.94th Congress (1975-1976)
|Sponsor:||Sen. Mathias, Charles McC., Jr. [R-MD] (Introduced 03/24/1976)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 03/24/1976 Referred to Senate Committee on Banking, Housing and Urban Affairs. (All Actions)|
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Summary: S.3198 — 94th Congress (1975-1976)All Information (Except Text)
Introduced in Senate (03/24/1976)
Extends the expiration date of the Emergency Home Purchase Assistance Act of 1975 to the end of fiscal year 1977.
Amends the National Housing Act to place a ceiling on sales prices for each financed dwelling unit at an amount not to exceed the median purchase price for the local housing market area in which the property is located, as determined by the Secretary of Housing and Urban Development.