HR 7243 · 94th Congress · Housing and Community Development
A bill to amend the National Housing Act to prohibit Federal Housing Administration insurance of blanket mortgages on condominium projects, and Federal National Mortgage Association purchases of conventional condominium mortgages, where the developer retains or will retain a leasehold interest in the common areas and facilities of the project involved.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Banking, Currency and Housing.(1975-05-21)
Plain Language Summary
[AI summary unavailable — showing source text]
Revises the National Housing Act to prohibit Federal Housing Administration insurance of blanket mortgages on condominium projects, and Federal National Mortgage Association purchases of conventional condominium mortgages, where the developer retains or will retain a leasehold interest in the common areas and facilities of the project involved.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
3 Democrats