Improving Homeownership Opportunities in High-Cost States Act

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D ShermanSponsor

41 cosponsors · 40 D, 1 R

19 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Improving Homeownership Opportunities in High-Cost States Act - Amends the Federal National Mortgage Association Charter Act (Fannie Mae) and the Federal Home Loan Mortgage Corporation Act (Freddie Mac) to include among the exceptions to the prohibition that an outstanding mortgage cannot exceed 80 percent of the securing property's value for a residential…

What it does: CRS summary · Introduced in House · Nov 18, 2003

Bases such high-cost determination on specified quarterly average one-family home prices.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Improving Homeownership Opportunities in High-Cost States Act

Latest action (Jan 2, 2004): Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Policy area: Housing and Community Development · Origin: House · Introduced: Nov 18, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.