HR 3873 · 110th Congress · Housing and Community Development
Section 515 Rural Housing Property Transfer Improvement Act of 2007
Bill Progress
✓
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2008-01-24)
Plain Language Summary
[AI summary unavailable — showing source text]
Section 515 Rural Housing Property Transfer Improvement Act of 2007 - Amends the Housing Act of 1949 to direct the Secretary of Agriculture to: (1) implement administrative and procedural changes to expedite the application approval process for transferring ownership of Section 515 rural multifamily housing projects for which a loan is either made or insured for a project's preservation, continued use restriction, and rehabilitation; and (2) actively facilitate such transfers. Grants final regulatory authority over such property transfers to the Office of Rental Housing Preservation of the Rural Housing Service of the Department of Agriculture. Sets forth deadlines for the processing of transfer applications.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 3873, Section 515 Rural Housing Property Transfer Improvement Act of 2007
Nov 15, 2007<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 31, 2007</p>
Full CBO report ↗H.R. 3873, Section 515 Rural Housing Property Transfer Improvement Act of 2007
Nov 15, 2007Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 31, 2007
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (3)
2 Democrats1 Republican