Amendment provides for direct allocations to qualified metropolitan cities and qualified urban counties; makes the definition of operating expenses consistent with other HUD programs; and caps purchase price under the loan program at the current appraised value of the foreclosed property.

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Amendment Number
1039
Description
Amendment provides for direct allocations to qualified metropolitan cities and qualified urban counties; makes the definition of operating expenses consistent with other HUD programs; and caps purchase price under the loan program at the current appraised value of the foreclosed property.
Purpose
An amendment numbered 1 printed in House Report 110-621 to provide for direct allocations to qualified metropolitan cities and qualified urban counties, makes the definition of operating expenses consistent with other HUD programs, and caps purchase price under the loan program at the current appraised value of the foreclosed property.
Congress
110
Type
HAMDT
Latest Action Date
May 7, 2008
Latest Action Text
On agreeing to the Waters amendment (A001) Agreed to by recorded vote: 256 - 157 (Roll no. 293).
Latest Action Time
21:40:34
Submitted Date
May 7, 2008
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 1039 — Informed