Hawaiian Homeownership Opportunity Act of 2006

Hawaiian Homeownership Opportunity Act of 2006 - Amends the Native American Housing Assistance and Self-Determination Act of 1996 and the Housing and Community Development Act of 1992 to extend through FY2011 the authorization of appropriations for housing assistance for Native Americans and loan guarantees for Native Hawaiian housing.

Amends the Native American Housing Assistance and Self-Determination Act of 1996 to: (1) make the Department of Hawaiian Home Lands of the state of Hawaii eligible for loan guarantees; and (2) extend through FY2011 the authorization of appropriations for the credit subsidy to cover the costs of federal guarantees for financing for tribal housing activities.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6259 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 6259

  To reauthorize the programs of the Department of Housing and Urban 
        Development for housing assistance for Native Hawaiians.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 29, 2006

 Mr. Abercrombie (for himself, Mr. Oxley, Mr. Frank of Massachusetts, 
and Mr. Case) introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To reauthorize the programs of the Department of Housing and Urban 
        Development for housing assistance for Native Hawaiians.

    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 ``Hawaiian Homeownership Opportunity 
Act of 2006''.

SEC. 2. AUTHORIZATION OF APPROPRIATIONS FOR HOUSING ASSISTANCE.

    Section 824 of the Native American Housing Assistance and Self-
Determination Act of 1996 (25 U.S.C. 4243), as added by section 513 of 
Public Law 106-569 (114 Stat. 2969), is amended by striking ``fiscal 
years'' and all that follows and inserting the following: ``fiscal 
years 2007, 2008, 2009, 2010, and 2011.''.

SEC. 3. LOAN GUARANTEES FOR NATIVE HAWAIIAN HOUSING.

    Section 184A of the Housing and Community Development Act of 1992 
(12 U.S.C. 1715z-13b), as added by section 514 of Public Law 106-569 
(114 Stat. 2989), is amended as follows:
            (1) Authorization of appropriations.--In subsection (j)(7), 
        by striking ``fiscal years'' and all that follows and inserting 
        the following: ``fiscal years 2007, 2008, 2009, 2010, and 
        2011.''.
            (2) Authority.--In subsection (b), by striking ``or as a 
        result of a lack of access to private financial markets''.
            (3) Eligible housing.--In subsection (c), by striking 
        paragraph (2) and inserting the following new paragraph:
            ``(2) Eligible housing.--The loan will be used to 
        construct, acquire, refinance, or rehabilitate 1- to 4-family 
        dwellings that are standard housing and are located on Hawaiian 
        Home Lands.''.

SEC. 4. ELIGIBILITY OF DEPARTMENT OF HAWAIIAN HOME LANDS FOR TITLE VI 
              LOAN GUARANTEES.

    Title VI of the Native American Housing Assistance and Self-
Determination Act of 1996 (25 U.S.C. 4191 et seq.) is amended as 
follows:
            (1) Heading.--In the heading for the title, by inserting 
        ``AND NATIVE HAWAIIAN'' after ``TRIBAL''.
            (2) Authority and requirements.--In section 601 (25 U.S.C. 
        4191)----
                    (A) in subsection (a)--
                            (i) by inserting ``or by the Department of 
                        Hawaiian Home Lands,'' after ``tribal 
                        approval,''; and
                            (ii) by inserting ``or 810, as 
                        applicable,'' after ``section 202'' ; and
                    (B) in subsection (c), by inserting ``or VIII, as 
                applicable'' before the period at the end.
            (3) Security and repayment.--In section 602 (25 U.S.C. 
        4192)--
                    (A) in subsection (a)--
                            (i) in the matter preceding paragraph (1), 
                        by striking ``or housing entity'' and inserting 
                        ``, housing entity, or Department of Hawaiian 
                        Home Lands''; and
                            (ii) in paragraph (3)--
                                    (I) by inserting ``or Department'' 
                                after ``tribe'';
                                    (II) by inserting ``or VIII, as 
                                applicable,'' after ``title I''; and
                                    (III) by inserting ``or 811(b), as 
                                applicable'' before the semicolon; and
                    (B) in subsection (b)(2), by striking ``or housing 
                entity'' and inserting ``, housing entity, or the 
                Department of Hawaiian Home Lands''.
            (4) Payment of interest.--In the first sentence of section 
        603 (25 U.S.C. 4193), by striking ``or housing entity'' and 
        inserting ``, housing entity, or the Department of Hawaiian 
        Home Lands''.
            (5) Authorization of appropriations for credit subsidy.--In 
        section 605(b) (25 U.S.C. 4195(b)), by striking ``1997 through 
        2007'' and inserting ``2007 through 2011''.
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