Housing Bond and Credit Modernization and Fairness Act of 2001

1/17/2023, 12:33 AM
Housing Bond and Credit Modernization and Fairness Act of 2001 - Amends the Internal Revenue Code to: (1) repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds; (2) modify the purchase price limitation under mortgage subsidy bond rules based on median family income; and (3) define the term "area median gross income" for low-income housing credit projects.
Congress
107
Number
HR - 951
Introduced on
2001-03-08
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/8/2001
Text
PDF

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Housing Bond and Credit Modernization and Fairness Act of 2001 - Amends the Internal Revenue Code to: (1) repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds; (2) modify the purchase price limitation under mortgage subsidy bond rules based on median family income; and (3) define the term "area median gross income" for low-income housing credit projects.
Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds, to modify the purchase price limitation under mortgage subsidy bond rules based on median family income, and for other purposes.
Policy Areas
Taxation
Potential Impact
Business income tax•
Commerce•
Economics and Public Finance•
Finance and Financial Sector•
Housing and Community Development•
Housing subsidies•
Income•
Income tax•
Low-income housing•
Mortgage interest rates•
Mortgage loans•
Rent•
Social Welfare•
Tax credits•
Tax-exempt securities

Comments

Related

Member:  J. C. Watts Jr.
Member:  Wes Watkins
Member:  David Wu
Member:  David Vitter
Member:  Curt Weldon
Member:  Lynn C. Woolsey
Member:  James T. Walsh
Member:  Albert Russell Wynn
Member:  Jerry Weller
Member:  Diane E. Watson
Member:  Tom Udall
Member:  Zach Wamp
Member:  Robert Wexler
Member:  Melvin L. Watt
Member:  Frank R. Wolf
Member:  Anthony D. Weiner
Member:  Mark Udall
Member:  Ed Whitfield
Member:  Heather Wilson
Member:  Greg Walden
Member:  Henry A. Waxman
Member:  John Sullivan
Member:  James A. Traficant Jr.
Member:  Lee Terry
Member:  Edward L. Schrock
Member:  Ellen O. Tauscher
Member:  John E. Sweeney
Member:  Thomas G. Tancredo
Member:  Bill Shuster
Member:  John F. Tierney
Member:  Karen L. Thurman
Member:  Jim Turner
Member:  Edolphus Towns
Member:  Hilda L. Solis
Member:  Charles H. Taylor
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Member:  Rob Simmons
Member:  John S. Tanner
Member:  W. J. (Billy) Tauzin
Member:  Patrick J. Tiberi
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Member:  Jose E. Serrano
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Member:  Jack Quinn
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Recent Activity

Latest Summary11/28/2006
Housing Bond and Credit Modernization and Fairness Act of 2001 - Amends the Internal Revenue Code to: (1) repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds; (2) modify the purchase price limit...
Latest Action3/8/2001
Referred to the House Committee on Ways and Means.