HR 8824 · 116th Congress · Housing and Community Development

Federal Financing Bank Risk-Sharing Act of 2020

Introduced 2020-11-27· Sponsored by Rep. Velazquez, Nydia M. [D-NY-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-11-27)

Plain Language Summary

[AI summary unavailable — showing source text] Federal Financing Bank Risk-Sharing Act of 2020 This bill requires the Department of Housing and Urban Development and the Department of the Treasury to continue the Federal Financing Bank Risk-Sharing Program. The program provides financing to Housing Finance Agencies to build and maintain affordable housing. Additionally, the bill makes community development financial institutions eligible for the program.…

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

Cosponsors (1)

1 Democrat
Rep. Clarke, Yvette D. [D-NY-9]NY