H.R. 4324 (111th): To amend the Homeowners Assistance Program of the Department of Defense to give the Secretary of Defense ...

...flexibility regarding setting the commencement date for homeowner assistance for members of the Armed Forces permanently reassigned

111th Congress, 2009–2010. Text as of Dec 15, 2009 (Introduced).

Status & Summary | PDF | Source: GPO

I

111th CONGRESS

1st Session

H. R. 4324

IN THE HOUSE OF REPRESENTATIVES

December 15, 2009

introduced the following bill; which was referred to the Committee on Armed Services, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To amend the Homeowners Assistance Program of the Department of Defense to give the Secretary of Defense flexibility regarding setting the commencement date for homeowner assistance for members of the Armed Forces permanently reassigned during the mortgage crisis.

1.

Flexible commencement dates for availability of homeowner assistance for members of the Armed Forces permanently reassigned during mortgage crisis

(a)

Modification of reassignment, purchase, and sale dates

Subsection (a)(3) of section 1013 of the Demonstration Cities and Metropolitan Development Act of 1966 (42 U.S.C. 3374) is amended—

(1)

in subparagraph (C), by striking or an earlier end date designated by the Secretary and by inserting or an earlier start or end date designated by the Secretary under subsection (c)(3)(C) for a specific military base or installation;

(2)

in subparagraph (D), by inserting , or a later purchase date designated by the Secretary under subsection (c)(3)(C) for a specific military base or installation after July 1, 2006; and

(3)

in subparagraph (E), by striking between July 1, 2006, and September 30, 2012, or an earlier end date designated by the Secretary and inserting between the purchase date in effect for the military base or installation under subparagraph (D) and the end date in effect for the military base or installation under subparagraph (D).

(b)

Modification process

Subsection (c)(3) of such section is amended by adding at the end the following new subparagraph:

(C)

Modification of reassignment, purchase, and sale dates

In exercising the authority under subsection (a)(3) to designate different reassignment, purchase, and sale dates for a specific military base or installation, the Secretary of Defense shall consult with the Secretary of Housing and Urban Development and the Secretary of the Treasury regarding the condition of housing markets in the area of the base or installation so that the Secretary of Defense has the information needed to effectively assist members of the Armed Forces and their families.

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