Rural Housing and Economic Development Improvement Act of 2006

Rural Housing and Economic Development Improvement Act of 2006 - Authorizes the Secretary of Housing and Urban Development, through the Office of Rural Housing and Economic Development, to implement an assistance program to support innovative housing and economic development activities in rural areas by: (1) Indian tribes; (2) state housing finance agencies; (3) state community or economic development agencies; (4) local nonprofit organizations; and (5) community development corporations.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6044 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 6044

    To authorize appropriations for the rural housing and economic 
development program of the Department of Housing and Urban Development.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 7, 2006

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

_______________________________________________________________________

                                 A BILL


 
    To authorize appropriations for the rural housing and economic 
development program of the Department of Housing and Urban Development.

    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 ``Rural Housing and Economic 
Development Improvement Act of 2006''.

SEC. 2. RURAL HOUSING AND ECONOMIC DEVELOPMENT ASSISTANCE.

    (a) Use.--The Secretary of Housing and Urban Development may carry 
out a program, through the Office of Rural Housing and Economic 
Development, to provide assistance to Indian tribes, State housing 
finance agencies, State community or economic development agencies, 
local nonprofit organizations and community development corporations in 
rural areas to support innovative housing and economic development 
activities in rural areas.
    (b) Authorization of Appropriations.--There is authorized to be 
appropriated to the Secretary of Housing and Urban Development for 
assistance under this section--
            (1) $30,000,000 for fiscal year 2007; and
            (2) $40,000,000 for each of fiscal years 2008, 2009, 2010, 
        2011, and 2012.
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