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Housing Bond and Credit Modernization and Fairness Act of 2001
1/17/2023, 12:33 AM
Congressional Summary of HR 951
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.
Read the Full Bill
Current Status of Bill HR 951
Bill HR 951 is currently in the status of Bill Introduced since March 8, 2001. Bill HR 951 was introduced during Congress 107 and was introduced to the House on March 8, 2001. Bill HR 951's most recent activity was Referred to the House Committee on Ways and Means. as of March 8, 2001
Bipartisan Support of Bill HR 951
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
361Democrat Cosponsors
187Republican Cosponsors
172Unaffiliated Cosponsors
2Policy Area and Potential Impact of Bill HR 951
Primary Policy Focus
TaxationPotential Impact Areas
- 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
Alternate Title(s) of Bill HR 951
Housing Bond and Credit Modernization and Fairness Act of 2001
To 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.
Housing Bond and Credit Modernization and Fairness Act of 2001
Comments
Sponsors and Cosponsors of HR 951
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