HR 1170 · 101th Congress · Housing and Community Development

First-Time Homebuyers Assistance Act of 1989

Introduced 1989-02-28· Sponsored by Rep. Schneider, Claudine [R-RI-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Housing and Community Development.(1989-03-15)

Plain Language Summary

[AI summary unavailable — showing source text] First-Time Homebuyers Assistance Act of 1989 - Directs the Secretary of Housing and Urban Development to establish a demonstration program to insure mortgages with no downpayments for qualifying first-time buyers. Sets forth mortgage and mortgagor eligibility criteria. States that the United States shall be liable for such mortgages but not for any secondary or subsequent liens. Establishes in the Treasury the First-Time Homebuyers Mortgage Insurance Fund to carry out such program. Requires annual program reports to the Congress. Authorizes appropriations.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (12)

6 Democrats6 Republicans
Rep. Robinson, Tommy F. [R-AR-2]AR
Resident Commissioner Fuster, Jamie B. [D-PR-At Large]PR
Rep. Lukens, Donald E. [R-OH-8]OH
Rep. Foglietta, Thomas M. [D-PA-1]PA
Rep. Carper, Thomas R. [D-DE-At Large]DE
Rep. Boxer, Barbara [D-CA-6]CA
Rep. Payne, Donald M. [D-NJ-10]NJ
Rep. Gunderson, Steve [R-WI-3]WI
Rep. Whittaker, Bob [R-KS-5]KS
Rep. Smith, Peter [R-VT-At Large]VT
Rep. Martin, Lynn M. [R-IL-16]IL
Rep. Lewis, John [D-GA-5]GA