HR 9961 · 94th Congress · Housing and Community Development

A bill to amend section 313 of the National Housing Act for the purpose of raising the limitation on the amount of the principal obligation of a mortgage which may be purchased under such section and for the purpose of mandating that a certain percentage of the mortgages purchased under such section be secured by residences located in certain metropolitan areas.

Introduced 1975-10-01· Sponsored by Rep. Harris, Herbert E., II [D-VA-8]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking, Currency and Housing.(1975-10-01)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that at least 20 percent of the mortgages purchased under the National Housing Act must be secured by residences located in the standard metropolitan statistical areas of Atlanta, Chicago, Cleveland, Dallas, Detroit, Houston, Los Angeles, New York, San Francisco, Seattle, and the District of Columbia.…

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