S 3053 · 95th Congress · Housing and Community Development

Housing Opportunity Act

Introduced 1978-05-10· Sponsored by Sen. Sparkman, John J. [D-AL]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1978-05-10)

Plain Language Summary

[AI summary unavailable — showing source text] Housing Opportunity Act - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to direct the Federal National Mortgage Association to make, and to contract to make, mortgage credit assistance payments to lenders who agree to make mortgage loans to eligible middle-income families purchasing new and rehabilitated homes. Lists qualifications for mortgage credit assistance payments.…

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

Cosponsors (1)

1 Democrat
Sen. Morgan, Robert B. [D-NC]