Lower Income Homeownership Refinancing Act - Amends the National Housing Act to direct the Secretary of Housing and Urban Development periodically to review lower income homeownership assistance contracts to determine whether a mortgage, loan, or credit advance should be refinanced.
Directs the Secretary to provide specified financial assistance to encourage such refinancing.
Authorizes appropriations.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to Subcommittee on Housing and Community Development.
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