To repeal limitations under the Home Investment Partnerships Act on the percentage of the operating budget of an organization receiving assistance under such Act that may be funded under such Act.

Amends the Cranston-Gonzalez National Affordable Housing Act, with respect to housing education and organizational support assistance and other support for State and local housing strategies, to repeal the limitation of an affordable housing contract under such support programs to 20 percent of a contracting organization's operating budget.

[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 166 Introduced in House (IH)]






108th CONGRESS
  1st Session
                                H. R. 166

To repeal limitations under the Home Investment Partnerships Act on the 
    percentage of the operating budget of an organization receiving 
      assistance under such Act that may be funded under such Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 7, 2003

 Mr. Reynolds introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To repeal limitations under the Home Investment Partnerships Act on the 
    percentage of the operating budget of an organization receiving 
      assistance under such Act that may be funded under such Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF LIMITATIONS ON HOME PROGRAM ASSISTANCE AS 
              PERCENTAGE OF OPERATING BUDGET.

    (a) Housing Education and Organizational Support.--Section 233(d) 
of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 
12773(d)) is amended--
            (1) by striking ``may not--'' and all that follows through 
        ``(1)'' and inserting ``may not''; and
            (2) by striking ``; or'' at the end of paragraph (1) and 
        all that follows through the end of paragraph (2) and inserting 
        a period.
    (b) Other Support for State and Local Housing Strategies.--The 
first sentence of section 243(b) of the Cranston-Gonzalez National 
Affordable Housing Act (42 U.S.C. 12783(b)) is amended by striking 
``and shall provide not more than 20 percent of the operating budget of 
the contracting organization in any one year''.
                                 <all>