Amendment101st Congress
Amendment required State and local housing authorities to demonstrate to the Secretary of HUD that the total amount of incentives provided to the owner to induce the owner to preserve the low and moderate income status of a project receiving federal assistance should not exceed the level of incentives which could be provided to a similarly situated project with expiring Federal Use Restrictions of the Housing and Community Development Act of 1987.
- Amendment Number
- 661
- Description
- Amendment required State and local housing authorities to demonstrate to the Secretary of HUD that the total amount of incentives provided to the owner to induce the owner to preserve the low and moderate income status of a project receiving federal assistance should not exceed the level of incentives which could be provided to a similarly situated project with expiring Federal Use Restrictions of the Housing and Community Development Act of 1987.
- Purpose
- An amendment to require state and local housing authorities to demonstrate to the Secretary of HUD that the total amount of incentives provided to the owner to induce the owner to preserve the low and moderate income status of a project receiving federal assistance shall not exceed the level of incentives which may be provided to a similarly situated project with expiring Federal Use Restrictions of the Housing and Community Development Act of 1987.
- Congress
- 101
- Type
- HAMDT
- Latest Action Date
- Jul 31, 1990
- Latest Action Text
- On agreeing to the Frank amendment (A029) Agreed to by voice vote.
- Latest Action Time
- 20:44:37
- Submitted Date
- Jul 31, 1990
- Chamber
- House of Representatives
- Update Date
- Jul 1, 2021