Historic Properties Improvement Loan Act - Title I: Assistance for the Preservation of Historic Structures under Certain Housing Laws - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure financial institutions against losses resulting from loans for the purpose of preserving historic structures regardless of whether they are residential.
Increases the limit on the size of a loan financing a historic structure preservation which may be insured under this Act.
Amends the Housing Act of 1964 to authorize the Secretary to make loans to finance the rehabilitation of historic structures. Redefines the term "historic structure" as any structure registered in the National Register of Historic Places or certified as such by the Secretary of the Interior.
Permits increases of up to 30 percent of the amount of a loan allowed under this Act, if such increase in necessary for architectural rehabilitation of historic structures.
Title II: Authorization of Matching Assistance for the Preservation of Historic Structures under Certain Housing Laws and the Act of October 15, 1966 - Permits the making of matching grants to States for historic preservation projects regardless of whether such projects receive federally insured or guaranteed loans or direct loans.
Introduced in House
Introduced in House
Referred to House Committee on Banking, Finance and Urban Affairs.
Referred to House Committee on Interior and Insular Affairs.
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