S. 2753 · 108th Congress
Zero Downpayment Act of 2004
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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.
R
SmithSponsorNo cosponsors.
Zero Downpayment Act of 2004 - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure zero-downpayment mortgages of an eligible single family residence for a first-time homebuyer who has received specified homeownership counseling.
What it does: CRS summary · Introduced in Senate · Jul 22, 2004
Zero Downpayment Act of 2004 - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to insure zero-downpayment mortgages of an eligible single family residence for a first-time homebuyer who has received specified homeownership counseling.
Terminates program authority after September 30, 2011, except for mortgages executed prior to such date.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Zero Downpayment Act of 2004
Latest action (Sep 7, 2004): Sponsor introductory remarks on measure. (CR S8863-8864)
Policy area: Housing and Community Development · Origin: Senate · Introduced: Jul 22, 2004
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.