US Congress Senate Bill 2893 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on September 18 2014 - 25% progression, died in committee
Action: 2014-09-18 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Workforce Residential Housing Act of 2014 - Amends the National Housing Act to except from the prohibition against the use of houses built with federally insured mortgages for transient or hotel housing certain mulifamily housing that is a short-term residential property, provided that the Secretary of Housing and Urban Development (HUD) has determined that the provision of such insurance is appropriate. Defines "short-term residential property" as multifamily housing that: has more than 50 dwelling units, each of which contains a kitchen and bathroom facilities; provides mailboxes for each unit; rents the units for a minimum stay of seven days; and does not provide food or beverage services, daily maid services, furnishing and laundering of linen without charge, or bellhop services. Directs the Secretary to: (1) evaluate the risk of providing mortgage insurance for short-term residential properties, and (2) report to Congress on whether any additional risk to the General Insurance Fund resulting from the provision of mortgage insurance for such properties is appropriate.

Workforce Residential Housing Act of 2014

Sen. Jerry Moran [R-KS]

Sen. Heidi Heitkamp [D-ND]

Date	Chamber	Action
2014-09-18	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

SB1217 (Related) 2014-12-09 - Committee on Banking, Housing, and Urban Affairs. Hearings held.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2893/all-info
Text	https://www.congress.gov/113/bills/s2893/BILLS-113s2893is.pdf