Amendment102nd Congress
A technical amendment directing the Secretary of HUD to use family income as a basis of granting low- and moderate-income loans, and not the size of the requested loan or the value of the property to be purchased.
- Amendment Number
- 300
- Description
- A technical amendment directing the Secretary of HUD to use family income as a basis of granting low- and moderate-income loans, and not the size of the requested loan or the value of the property to be purchased.
- Purpose
- Amendment requires HUD to use family incomes to determine if Government Sponsored Enterprises (GSE) are serving low- and moderate-income families, rather than the size of the loan and the value of the property, as is the current practice.
- Congress
- 102
- Type
- HAMDT
- Latest Action Date
- Sep 25, 1991
- Latest Action Text
- On agreeing to the Kennedy amendment (A003) Agreed to by voice vote.
- Latest Action Time
- 13:29:53
- Submitted Date
- Sep 25, 1991
- Chamber
- House of Representatives
- Update Date
- Jun 7, 2021