HR 1798 · 105th Congress · Housing and Community Development

HUD Property Disposition Reform Act

Introduced 1997-06-05· Sponsored by Rep. Baker, Richard H. [R-LA-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Housing and Community Opportunity.(1997-06-27)

Plain Language Summary

[AI summary unavailable — showing source text] HUD Property Disposition Reform Act - Prohibits the Secretary of Housing and Urban Development from using specified lease options in carrying out the program of disposing of single family properties for use by the homeless. States that the purchase price of such disposed properties shall be the fair market value less specified discounts depending upon whether the sale is: (1) a mortgage-insured sale or under a lease-option to purchase agreement; or (2) an uninsured sale. Authorizes sales to private nonprofit organizations under specified conditions.…

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

Cosponsors (1)

1 Republican
Rep. Bachus, Spencer [R-AL-6]AL