US Congress House Bill 4868 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 32-0)
Status: Introduced on March 17 2010 - 25% progression, died in chamber
Action: 2010-07-27 - Ordered to be Reported (Amended) by the Yeas and Nays: 42 - 27.
Text: Latest bill text (Introduced) [PDF]

Housing Preservation and Tenant Protection Act of 2010 - Requires the Secretary of Housing and Urban Development (HUD), upon request of a project owner with a rental supplement contract or a rental assistance program (RAP) contract, to convert such contract to a section 8 project-based assistance contract. Prohibits an owner of specified covered housing from selling such property before notifying the required parties and giving HUD an opportunity to purchase it. (Thus grants HUD the first right of refusal.) Prescribes requirements for: (1) preservation of HUD-owned and HUD-held buildings; (2) HUD authority to assign flexible subsidy loans; and (3) the use of existing section 8 funds to preserve and revitalize affordable housing. Amends the Housing and Community Development Act of 1992 to authorize the Government National Mortgage Association (Ginnie Mae) to securitize any Federal Housing Administration (FHA) risk-share multifamily loan under the same terms and conditions as if the loan were insured under the National Housing Act. Revises or prescribes requirements for: (1) restoring housing at risk of loss due to deterioration; (2) protecting residents in HUD assisted projects; (3) preserving troubled projects facing foreclosure; (4) providing incentives under the Multifamily Assisted Housing Reform and Affordability Act of 1997; and (5) establishing a publicly available preservation data base composed of each covered multifamily property. Section 202 Supportive Housing for the Elderly Act of 2010 - Amends the Housing Act of 1959 regarding project rental assistance for supportive housing for the elderly. Amends the American Homeownership and Economic Opportunity Act of 2000 with respect to project-based rental housing assistance programs and senior preservation rental assistance contracts Requires HUD to establish and operate a national senior housing clearinghouse. Rural Housing Preservation Act of 2010 - Amends the Housing Act of 1949 to require the Secretary of Agriculture to carry out a preservation program to provide financial incentives and other assistance to owners of Section 515 rural multifamily housing projects through long-term use agreements entered into between the project owners and the Secretary. (A Section 515 project is one involving housing and related facilities for elderly persons and families or other persons and families of low income.)

Housing Preservation and Tenant Protection Act of 2010

Rep. Joe Baca [D-CA]	Rep. Robert Brady [D-PA]	Rep. Michael Capuano [D-MA]	Rep. Yvette Clarke [D-NY]
Rep. Bill Delahunt [D-MA]	Rep. Keith Ellison [D-MN]	Rep. Bob Filner [D-CA]	Rep. Barney Frank [D-MA]
Rep. Al Green [D-TX]	Rep. Luis Gutierrez [D-IL]	Rep. Phil Hare [D-IL]	Rep. James Himes [D-CT]
Rep. Ruben Hinojosa [D-TX]	Rep. Rush Holt [D-NJ]	Rep. Jesse Jackson [D-IL]	Rep. Mary Kilroy [D-OH]
Rep. James Langevin [D-RI]	Rep. Barbara Lee [D-CA]	Rep. Stephen Lynch [D-MA]	Rep. Carolyn Maloney [D-NY]
Rep. Gwen Moore [D-WI]	Rep. Jerrold Nadler [D-NY]	Rep. Eleanor Norton [D-DC]	Rep. Charles Rangel [D-NY]
Rep. Lucille Roybal-Allard [D-CA]	Rep. Janice Schakowsky [D-IL]	Rep. Jose Serrano [D-NY]	Rep. Jackie Speier [D-CA]
Rep. Nydia Velazquez [D-NY]	Rep. Maxine Waters [D-CA]	Rep. Anthony Weiner [D-NY]	Rep. David Wu [D-OR]

Date	Chamber	Action
2010-07-27		Ordered to be Reported (Amended) by the Yeas and Nays: 42 - 27.
2010-07-27		Committee Consideration and Mark-up Session Held.
2010-03-17		Referred to House Ways and Means
2010-03-17		Referred to House Budget
2010-03-17		Referred to House Financial Services
2010-03-17		Referred to the Committee on Financial Services, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

HB2876 (Related) 2009-06-15 - Referred to the House Committee on Financial Services.
SB118 (Related) 2011-01-04 - Became Public Law No: 111-372.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/4868/all-info
Text	https://www.congress.gov/111/bills/hr4868/BILLS-111hr4868ih.pdf