Housing Opportunity Act - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to direct the Federal National Mortgage Association to make, and to contract to make, mortgage credit assistance payments to lenders who agree to make mortgage loans to eligible middle-income families purchasing new and rehabilitated homes. Limits qualifications for mortgage credit assistance payments.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
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