(This measure has not been amended since it was reported to the House on June 19, 2003. The summary of that version is repeated here.)
American Dream Downpayment Act - Amends the Cranston-Gonzalez National Affordable Housing Act to authorize the Secretary of Housing and Urban Development to make grants to participating jurisdictions for single family residential downpayment assistance to: (1) low-income or first-time home buyers; or (2) income-qualifying uniformed employees (police, fire, sanitation and maintenance) or teachers of a participating jurisdiction.
Requires a participating jurisdiction to include in its comprehensive housing affordability strategy information regarding: (1) grant use; (2) outreach activities; and (3) activities to ensure the suitability of recipient families to maintain homeownership.
Sets forth allocation criteria. Permits fund reallocation.
Authorizes specified FY 2004 and 2005 appropriations.
Makes the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 inapplicable to such assistance.
[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1276 Introduced in House (IH)]
108th CONGRESS
1st Session
H. R. 1276
To provide downpayment assistance under the HOME Investment
Partnerships Act, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 13, 2003
Ms. Harris (for herself, Mr. Rogers of Michigan, Mr. Oxley, Mr. Ney,
Mr. Davis of Alabama, Mr. Murphy, Mr. Bachus, Mr. Baker, Mr. Barrett of
South Carolina, Mr. Bereuter, Mrs. Biggert, Mr. Boehlert, Mr. Castle,
Mr. Emanuel, Mr. Gillmor, Mr. Green of Wisconsin, Ms. Hart, Mr. Jones
of North Carolina, Mrs. Kelly, Mr. LaTourette, Mr. Leach, Mr. Lewis of
Kentucky, Mr. Manzullo, Mr. Gary G. Miller of California, Mrs. Capito,
Mr. Renzi, Mr. Ryun of Kansas, Mr. Scott of Georgia, Mr. Shadegg, Mr.
Shays, Mr. Tiberi, and Mr. Wilson of South Carolina) introduced the
following bill; which was referred to the Committee on Financial
Services
_______________________________________________________________________
A BILL
To provide downpayment assistance under the HOME Investment
Partnerships Act, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``American Dream Downpayment Act''.
SEC. 2. DOWNPAYMENT ASSISTANCE INITIATIVE UNDER HOME PROGRAM.
(a) Downpayment Assistance Initiative.--Subtitle E of title II of
the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 12821)
is amended to read as follows:
``Subtitle E--Other Assistance
``SEC. 271. DOWNPAYMENT ASSISTANCE INITIATIVE.
``(a) Grant Authority.--The Secretary may make grants to
participating jurisdictions to assist low-income families to achieve
homeownership, in accordance with this section.
``(b) Eligible Activities.--Amounts made available under this
section may be used only for downpayment assistance toward the purchase
of single family housing by low-income families who are first-time
homebuyers. For purposes of this title, the term `downpayment
assistance' means assistance to help a family acquire a principal
residence.
``(c) Housing Strategy.--To be eligible to receive a grant under
this section for a fiscal year, a participating jurisdiction shall
include in its comprehensive housing affordability strategy under
section 105 for such year a description of the use of the grant
amounts.
``(d) Formula Allocation.--For each fiscal year, the Secretary
shall allocate any amounts made available for assistance under this
section for the fiscal year in accordance with a formula, which shall
be established by the Secretary, that considers a participating
jurisdiction's need for and prior commitment to assistance to
homebuyers. The formula may include minimum and maximum allocation
amounts.
``(e) Reallocation.--If any amounts allocated to a participating
jurisdiction under this section become available for reallocation, the
amounts shall be reallocated to other participating jurisdictions in
accordance with the formula established pursuant to subsection (c),
except that if a local participating jurisdiction failed to receive
amounts allocated under this section and is located in a State that is
a participating jurisdiction, the funds shall be reallocated to the
State.
``(f) Applicability of Other Provisions.--
``(1) In general.--Except as otherwise provided in this
section, grants under this section shall not be subject to the
provisions of this title.
``(2) Applicable provisions.--In addition to the
requirements of this section, grants under this section shall
be subject to the provisions of title I, sections 215(b), 218,
219, 221, 223, 224, and 226(a) of subtitle A of this title, and
subtitle F of this title.
``(3) References.--In applying the requirements of subtitle
A referred to in paragraph (2)--
``(A) any references to funds under subtitle A
shall be considered to refer to amounts made available
for assistance under this section; and
``(B) any references to funds allocated or
reallocated under section 217 or 217(d) shall be
considered to refer to amounts allocated or reallocated
under subsection (d) or (e) of this section,
respectively.
``(g) Administrative Costs.--Notwithstanding section 212(c), a
participating jurisdiction may use funds under subtitle A for
administrative and planning costs of the jurisdiction in carrying out
this section, and the limitation in section 212(c) shall be based on
the total amount of funds available under subtitle A and this section.
``(h) Authorization of Appropriations.--There is authorized to be
appropriated to carry out this section $200,000,000 for each of fiscal
years 2004 and 2005.''.
(b) Relocation Assistance and Downpayment Assistance.--Subtitle F
of title II of the Cranston-Gonzalez National Affordable Housing Act is
amended by inserting after section 290 (42 U.S.C. 12840) the following
new section:
``SEC. 291. RELOCATION ASSISTANCE AND DOWNPAYMENT ASSISTANCE.
``The Uniform Relocation Assistance and Real Property Acquisition
Policies Act of 1970 shall not apply to downpayment assistance under
this title.''.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Housing and Community Opportunity.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended).
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 108-164.
Reported (Amended) by the Committee on Financial Services. H. Rept. 108-164.
Placed on the Union Calendar, Calendar No. 81.
Mr. Ney moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H9039-9045)
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DEBATE - The House proceeded with forty minutes of debate on H.R. 1276.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H9039)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H9039)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.