H.R. 2648 (112th): Hawaiian Homeownership Opportunity Act of 2011

112th Congress, 2011–2013. Text as of Jul 26, 2011 (Introduced).

Status & Summary | PDF | Source: GPO

I

112th CONGRESS

1st Session

H. R. 2648

IN THE HOUSE OF REPRESENTATIVES

July 26, 2011

(for herself, Mr. Young of Alaska, and Ms. Hanabusa) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To reauthorize the programs of the Department of Housing and Urban Development for housing assistance for Native Hawaiians.

1.

Short title

This Act may be cited as the Hawaiian Homeownership Opportunity Act of 2011.

2.

Authorization of appropriations for housing assistance

Section 824 of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4243), as added by section 513 of Public Law 106–569 (114 Stat. 2969), is amended by striking fiscal years and all that follows and inserting the following: fiscal years 2012, 2013, 2014, 2015, and 2016..

3.

Loan guarantees for Native Hawaiian housing

Section 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13b), as added by section 514 of Public Law 106–569 (114 Stat. 2989), is amended as follows:

(1)

Authorization of appropriations

In subsection (j)(7), by striking fiscal years and all that follows and inserting the following: fiscal years 2012, 2013, 2014, 2015, and 2016..

(2)

Authority

In subsection (b), by striking or as a result of a lack of access to private financial markets.

(3)

Eligible housing

In subsection (c), by striking paragraph (2) and inserting the following new paragraph:

(2)

Eligible housing

The loan will be used to construct, acquire, refinance, or rehabilitate 1- to 4-family dwellings that are standard housing and are located on Hawaiian Home Lands.

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