HR 2930 · 100th Congress · Housing and Community Development
A bill to amend the National Housing Act to increase the principal amount for which the Secretary of Housing and Urban Development may provide insurance for mortgages secured by single-family residences.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on Housing and Community Development.(1987-08-03)
Plain Language Summary
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Amends the National Housing Act to revise the method for determining the maximum principal amount for which the Secretary of Housing and Urban Development may provide insurance for mortgages secured by single-family residences. Permits a ceiling based on 75 percent of the median price of comparable housing in a metropolitan statistical area.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
4 Democrats2 Republicans