S 2597 · 109th Congress · Housing and Community Development

Federal Housing Fairness Act of 2006

Introduced 2006-04-07· Sponsored by Sen. Clinton, Hillary Rodham [D-NY]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2006-04-07)

Plain Language Summary

[AI summary unavailable — showing source text] Federal Housing Fairness Act of 2006 - Amends the National Housing Act to revise eligibility requirements for Federal Housing Administration (FHA) single family mortgage insurance to increase the maximum principal obligation to the lesser of: (1) 100% (currently 95%) of the median single-family house price in the area; or (2) 100% (currently 87%) of the alternative the dollar amount limitation.…

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