Amendment103rd Congress
Amendment transfers lending authority from the Farmers Home Administration's (FmHA) direct housing loan program, which finances single-family homes, to the multi-family rural renting housing loan program; increases the section 515 rural rental housing loan program by $190 million; and offsets this by decreasing section 502 subsidized single-family housing loans by $76.6 million.
- Amendment Number
- 653
- Description
- Amendment transfers lending authority from the Farmers Home Administration's (FmHA) direct housing loan program, which finances single-family homes, to the multi-family rural renting housing loan program; increases the section 515 rural rental housing loan program by $190 million; and offsets this by decreasing section 502 subsidized single-family housing loans by $76.6 million.
- Purpose
- An amendment to transfer lending authority from the Farmers Home Administration's (FmHA) direct housing loan program, which finances single-family homes, to the multi-family rural renting housing loan program. The amendment increases the section 515 rural rental housing loan program by $190,000,000, from $30,000,000 up to $220,000,000. Too offset this, the amendment decreases section 502 subsidized single-family housing loans by $76,661,000, from $1,400,000,000 down to $1,323,339,000.
- Congress
- 103
- Type
- HAMDT
- Latest Action Date
- Jun 17, 1994
- Latest Action Text
- On agreeing to the Thompson amendment (A004) Agreed to by voice vote.
- Latest Action Time
- 09:49:09
- Submitted Date
- Jun 17, 1994
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021