Summary:
Small Business Transforming America's Regions Act of 2016

(Sec. 2) This bill amends the Small Business Act to include in the Historically Underutilized Business Zone (HUBZone) program a qualified area designated by the Small Business Administration (SBA) in response to a petition by the governor of a state, the District of Columbia, or a U.S. territory.

With respect to HUBZones located in census tracts or nonmetropolitan counties that cease to qualify according to the ordinary criteria for the HUBZone program but are "redesignated" to qualify for it, the bill increases the length of time a census tract or nonmetropolitan county may be so redesignated from three years to seven years after the date on which the area ceased to qualify for the HUBZone program according to the ordinary criteria.

This increased length of time for a census tract or nonmetropolitan county shall apply only to those that become redesignated areas within three years before enactment of this bill.

The SBA may designate, in response to a governor's petition, only a nonmetropolitan county that:

 has a median household income less than 90% of the state median household income; has an unemployment rate at least 120% percent of the average U.S. or state unemployment rate, whichever is less; or meets other SBA criteria. A governor may not file a petition for more than 30% of the total number of nonmetropolitan counties in the state.

The SBA shall establish procedures to:

 ensure that it accepts petitions from all states each fiscal year, and give an interested governor technical assistance before a petition is filed. (Sec. 3) The bill revises application of the 30-day period for filing a petition with the SBA Office of Hearings and Appeals for reconsideration of a small business concern size standard.

No such petition may be filed until on or after the effective date of regulations for establishing the procedures for reconsideration of a size standard.

Any person filing a petition relating to a size standard revised, modified, or established between November 25, 2015, and the effective date of such regulations must file the petition within 30 days after that effective date.

(Sec. 4) A prime federal contractor shall, within 14 days after completion of a subcontract, give a past performance rating for the Contractor Performance Assessment Rating System, the Past Performance Information Retrieval System, or any successor system for any subcontractor (whether or not a small business concern) used in performing the federal contract as part of the prime contractor's performance reporting. Failure of the prime contractor to enter the subcontractor's past performance rating shall be considered in evaluating the primer contractor's past performance. A federal agency shall use a small business subcontractor's past performance rating in determining whether to award the subcontractor a prime contract. (Sec. 5) The bill adds the SBA Administrator to the Federal Acquisition Regulatory Council.

regions act sec bill amends small_business_act include hubzone program qualified area designated small_business_administration sba response petition governor state district_of_columbia territory respect hubzones located census tracts nonmetropolitan counties cease qualify according ordinary criteria hubzone program redesignated qualify bill increases length time census tract nonmetropolitan county redesignated years seven years date area ceased qualify hubzone program according ordinary criteria increased length time census tract nonmetropolitan county shall apply redesignated areas years enactment bill sba designate response governor petition nonmetropolitan county median household income state median household income unemployment rate percent average state unemployment rate whichever meets sba criteria governor file petition total number nonmetropolitan counties state sba shall establish procedures ensure accepts petitions states fiscal year interested governor technical assistance petition filed sec bill revises application day period filing petition reconsideration small business concern size standard petition filed effective date regulations establishing procedures reconsideration size standard person filing petition relating size standard revised modified established november effective date regulations file petition days effective date sec prime federal contractor shall days completion subcontract past performance rating past performance information retrieval system successor system subcontractor small business concern performing federal contract prime contractor performance reporting failure prime contractor enter subcontractor past performance rating shall considered evaluating contractor past performance federal agency shall use small business subcontractor past performance rating determining award subcontractor prime contract sec bill adds sba administrator federal_acquisition_regulatory_council


Summary:
Investing in Opportunity Act

This bill amends the Internal Revenue Code to authorize the designation of opportunity zones in low-income communities and to provide tax incentives for investments in the zones, including deferring the recognition of capital gains that are reinvested in the zones.

Governors may submit nominations for a limited number of opportunity zones to the Department of the Treasury for certification and designation. Governors must give particular consideration to areas that:

 are currently the focus of mutually reinforcing state, local, or private economic development initiatives to attract investment and foster startup activity; have demonstrated success in geographically targeted development programs such as promise zones, the new markets tax credit, empowerment zones, and renewal communities; and have recently experienced significant layoffs due to business closures or relocations. Treasury must designate zones if a governor fails to submit nominations within a specified period of time.

The bill defines opportunity funds as any investment vehicle organized as a corporation or a partnership to invest in opportunity zones that holds at least 90% of its assets in opportunity zone assets.

Taxpayers may temporarily defer the recognition of capital gains that are invested in opportunity zones or opportunity funds. Investments that are held for at least five years are eligible for capital gains tax reductions or exemptions, depending on how long the investment is held.

Treasury must report to Congress on the opportunity zone incentives enacted in this bill, including an assessment of opportunity fund investments at the national and state levels.

investing opportunity act bill amends internal_revenue_code authorize designation opportunity zones low income communities provide tax incentives investments zones including deferring recognition capital gains reinvested zones governors submit nominations limited number opportunity zones department_of_the_treasury certification designation governors particular consideration areas currently focus mutually reinforcing state local private economic development initiatives attract investment foster startup activity demonstrated success geographically targeted development programs promise zones new markets tax credit empowerment zones renewal communities recently experienced significant layoffs business closures relocations treasury designate zones governor fails submit nominations specified period time bill defines opportunity funds investment vehicle organized corporation partnership invest opportunity zones holds assets opportunity zone assets taxpayers temporarily defer recognition capital gains invested opportunity zones opportunity funds investments held years eligible capital gains tax reductions exemptions depending long investment held treasury report congress opportunity zone incentives enacted bill including assessment opportunity fund investments national state levels


Summary: Stabilizing Affordable Housing for the Future Act - Amends the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997 and the Housing and Community Development Amendments of 1978 to: (1) repeal certain conditions on the authority of the Secretary of Housing and Urban Development to manage multifamily projects; and (2) authorize the Secretary to provide grants (including up-front grants) and loans from the General Insurance Fund when managing and disposing of such properties. Instructs the Secretary to maintain rental assistance payments for dwelling units in any multifamily property program administered by the Secretary. Amends the Deficit Reduction Act of 2005 to redefine loan market value and property market value with respect to physically distressed properties sold by HUD in discount sales. Repeals the requirement not to take any affordability requirements into account in such valuation. Requires such values to be determined using industry standard appraisal practices. Amends the Multifamily Mortgage Foreclosure Act of 1981 to declare that Congress finds that mortgages transferred by the Secretary to state and local governments should be foreclosed in the same manner as mortgages held by the Secretary. Makes the entity designating the foreclosure commissioner (entity), whether the Secretary (as under current law) or any state or local government transferee, the guarantor of payment of any judgment against the foreclosure commissioner for damages based upon failure properly to perform the commissioner's duties. Makes such entity bear the risk of any financial default by the foreclosure commissioner. Declares that the entity shall be fully subrogated to the rights satisfied by such payment, in the event that any guarantee payments are made. Directs the Secretary to issue a proposed rulemaking that applies certain statutory participation and certification requirements to potential purchasers of multifamily housing with a mortgage insured under the National Housing Act, or for which assistance is provided under section 8 of the United States Housing Act of 1937. Requires the Secretary to post on a World Wide Web site information regarding multifamily housing properties for which: (1) federal rental assistance is provided; (2) other rental assistance or a subsidy is provided under a program administered by the Secretary; or (3) a mortgage is insured under the National Housing Act .

stabilizing affordable housing future act amends departments veterans affairs housing_and_urban_development independent_agencies_appropriations_act repeal certain conditions authority secretary housing_and_urban_development manage multifamily projects authorize secretary provide grants including grants loans general_insurance_fund managing disposing properties instructs secretary maintain rental assistance payments dwelling units multifamily property program administered secretary amends deficit reduction act redefine loan market value property market value respect physically distressed properties sold hud discount sales repeals requirement affordability requirements account valuation requires values determined industry standard appraisal practices amends declare congress finds mortgages transferred secretary state local governments foreclosed manner mortgages held secretary makes entity designating foreclosure commissioner entity secretary current law state local government transferee guarantor payment judgment foreclosure commissioner damages based failure properly perform commissioner duties makes entity bear risk financial default foreclosure commissioner declares entity shall fully rights satisfied payment event guarantee payments directs secretary issue proposed rulemaking applies certain statutory participation certification requirements potential purchasers multifamily housing mortgage insured national housing act assistance provided section united states housing act requires secretary post world wide web site information multifamily housing properties federal rental assistance provided rental assistance subsidy provided program administered secretary mortgage insured national housing act


Summary: Community Partners Next Door Act of 2007 - Amends the National Housing Act to provide: (1) a 50% discount for teachers, teacher assistants, administrators, and public safety officers purchasing certain eligible asset properties for use as their primary residence; (2) a $100 downpayment on any related insured mortgage; and (3) a higher Federal Housing Administration (FHA) loan limit for such purchases in high-cost areas. Authorizes such sales directly to a qualifying individual or to a unit of local government or a nonprofit organization for resale to such individual. Directs the Secretary of Housing and Urban Development (HUD) to carry out a program to inform teachers and public safety officers about such program.

community partners amends national housing act provide discount teachers teacher assistants administrators public safety officers purchasing certain eligible asset properties use primary residence downpayment related insured mortgage higher federal_housing_administration fha loan limit purchases high cost areas authorizes sales directly qualifying individual unit local government nonprofit organization resale individual directs secretary housing_and_urban_development hud carry program inform teachers public safety officers program


Summary: Public Housing Drug Elimination Program Reauthorization Act of 2007 - Amends the Anti-Drug Abuse Act of 1988 to authorize appropriations for the assisted housing drug elimination program. Limits activities for programs designed to reduce drug use in and around assisted low-income housing to: (1) providing drug abuse treatment through rehabilitation or relapse prevention; (2) providing education about the dangers and consequences of drug use or violent crime; (3) identifying drug users, and assisting drug use discontinuance through education or treatment programs; (4) providing after school youth activities; and (5) providing capital improvements and security services to discourage or eliminate drug use or violent crime.

public housing drug elimination program reauthorization act amends anti drug abuse act authorize appropriations assisted housing drug elimination program limits activities programs designed reduce drug use assisted low income housing providing drug abuse treatment rehabilitation prevention providing education dangers consequences drug use violent crime identifying drug users assisting drug use discontinuance education treatment programs providing school youth activities providing capital improvements security services discourage eliminate drug use violent crime


Summary: Housing Opportunities Made Easier Act, or the HOME Act - Instructs the Secretary of Housing and Urban Development to: (1) provide 150,000 incremental vouchers to public housing agencies in FY2008 for tenant-based rental housing assistance under section 8 of the United States Housing Act of 1937; and (2) renew such vouchers in each ensuing fiscal year.

housing opportunities home act instructs secretary housing_and_urban_development provide incremental vouchers public housing agencies fy2008 tenant based rental housing assistance section united_states housing act renew vouchers ensuing fiscal year


Summary: Housing Authority Funding Fairness Act of 2007 - Amends the United States Housing Act of 1937 to: (1) repeal tenant-based contract renewals by application of an inflation factor; and (2) authorize FY2008-FY2012 appropriations for tenant-based rental assistance (vouchers). Prescribes requirements for renewal funding for each public housing agency.

amends united_states housing act repeal tenant based contract renewals application inflation factor authorize fy2008 fy2012 appropriations tenant based rental assistance vouchers prescribes requirements renewal funding public housing agency


Summary: Pathway to Preservation Act of 2007 - Amends the Deficit Reduction Act of 2005 to redefine "loan market value," which currently means the value of a multifamily (rental or cooperative housing project) loan, without taking into account any affordability requirements. Repeals the condition that affordability requirements not be taken into account. Defines "loan market value" as the value of a multifamily (rental or cooperative housing project) loan using industry standard appraisal practices, including consideration of the cost of repairs needed for the property subject to the loan to comply with minimum safety and building standards and the cost of maintaining the affordability restrictions applicable under the original loan or grant for the property. Redefines "property market value," which currently means the value of a multifamily (rental or cooperative housing project) real property for its current use, without taking into account any affordability requirements. Repeals the condition that affordability requirements not be taken into account. Defines "property market value" as the value of a multifamily (rental or cooperative housing project) real property for its current use, as determined using industry standard appraisal practices, including consideration of the cost of repairs needed for the property subject to the loan to comply with minimum safety and building standards and the cost of maintaining the affordability restrictions applicable under the original loan or grant for the property.

pathway preservation act amends deficit reduction act redefine loan market value currently means value multifamily rental cooperative housing project loan taking account affordability requirements repeals condition affordability requirements taken account defines loan market value value multifamily rental cooperative housing project loan industry standard appraisal practices including consideration cost repairs needed property subject loan comply minimum safety building standards cost maintaining affordability restrictions applicable original loan grant property redefines property market value currently means value multifamily rental cooperative housing project real property current use taking account affordability requirements repeals condition affordability requirements taken account defines property market value value multifamily rental cooperative housing project real property current use determined industry standard appraisal practices including consideration cost repairs needed property subject loan comply minimum safety building standards cost maintaining affordability restrictions applicable original loan grant property


Summary: Community Restoration and Revitalization Act of 2007 - Amends the Internal Revenue Code to: (1) allow an increased rehabilitation tax credit for certain low-income buildings; (2) allow a basis reduction adjustment for property eligible for the credit; (3) increase the credit for certain smaller buildings; (4) allow property eligible for the credit to be used for lodging purposes; (5) modify placed-in-service rules for credit property; (6) modify qualification rules for credit property that is tax-exempt use property; (7) increase the credit for buildings in high cost areas; and (8) exempt certain condominium transactions from rehabilitation tax credit recapture requirements.

community restoration revitalization act amends internal revenue code allow increased rehabilitation tax credit certain low income buildings allow basis reduction adjustment property eligible credit increase credit certain smaller buildings allow property eligible credit lodging purposes modify placed service rules credit property modify qualification rules credit property tax exempt use property increase credit buildings high cost areas exempt certain condominium transactions rehabilitation tax credit recapture requirements


Summary: Gulf Coast Hurricane Housing Recovery Act of 2007 - Prohibits the use of any funds authorized by this Act to lobby or retain a lobbyist for the purpose of influencing a federal, state, or local governmental entity or officer. Title I: Community Development Block Grants - (Sec. 101) Prohibits the Director of the Federal Emergency Management Agency (FEMA) from prohibiting or restricting the use by the state of Louisiana of specified amounts targeted under its Road Home Program for Hurricanes Katrina and Rita, based upon a program requirement or condition that: (1) limits or reduces the amount made available to an eligible homeowner who does not agree to remain an owner and occupant of a home in Louisiana; or (2) waives the applicability of certain limitations or reductions for homeowners who are elderly or senior citizens. Requires the state of Louisiana to report monthly to certain congressional committees regarding the Road Home Program. Requires states whose household assistance programs have been funded with Community Development Block Grant (CDBG) disaster assistance to report to specified congressional committees. Directs the Secretary of Housing and Urban Development (HUD Secretary) to require the state of Louisiana to make available to the New Orleans Redevelopment Authority $15 million from certain unexpended funds in order to implement the New Orleans Redevelopment Authority Pilot Program. Declares that the purpose of the Pilot Program is to fund the purchase or costs associated with the acquisition of individual parcels of land in New Orleans, Louisiana, by the Redevelopment Authority, and subsequently sold for the purpose of development by private entities only in accordance with, and subject to, the Orleans Parish Recovery Plan, developed and adopted by the City of New Orleans. Sets forth certification and development requirements. Requires the Comptroller General to study and report to certain congressional committees on: (1) the effectiveness and limitations of such pilot program; and (2) expenditures under the Road Home Program of the Louisiana Recovery Authority. (Sec. 102) States that, to the extent specified funds are used by the Louisiana Recovery Authority under the Road Home program, certain statutory procedures preventing duplication of benefits shall not apply with respect to benefits received from hazard insurance, flood insurance, or FEMA disaster payments, unless such inapplicability would result in a windfall gain to any person under the Road Home Program. (Sec. 103) States that specified CDBG funds previously designated for disaster relief, long-term recovery, and infrastructure restoration in major disaster areas affected by Hurricanes Katrina, Rita, Wilma, or Dennis may be used by a state or locality as a matching requirement, share, or contribution for any federal program. Cites conditions under which environmental review conducted by the FEMA Director shall satisfy the environmental responsibilities that would otherwise be assumed by the state, local government, Indian tribe, or Department of Hawaiian Home Lands. (Sec. 104) Authorizes transfer to the HUD Secretary of certain unobligated disaster relief funds appropriated to FEMA in order to assist metropolitan cities and urban counties that used CDBG amounts previously made available for rental housing assistance for families evacuated from their residences because of such Hurricanes. Title II: Public Housing - (Sec. 201) Requires the HUD Secretary to provide for, and report to certain congressional committees on, an independent survey of the intentions of New Orleans public housing residents to return to repaired public housing or comparable dwelling units. (Sec. 202) Requires the Housing Authority of New Orleans (Authority) to make at least 3,000 dwelling units available for occupancy by August 1, 2007, to certain former public housing tenants (right of return). Prohibits the Authority from preventing such households from occupying a replacement dwelling unit, except as prohibited by federal law. Specifies grounds, particularly criminal offenses, for preventing households from such occupancy. Grants priority for public housing occupancy to employed individuals, or those who agree to contribute toward community service or participate in an economic self-sufficiency program. (Sec. 203) Prohibits the Authority from demolishing or disposing of any public housing dwelling unit it operates or administers (including any uninhabitable unit or one previously approved for demolition), except pursuant to a replacement plan approved by the HUD Secretary. (Sec. 204) Prescribes conditions governing ownership transfer and demolition of public housing dwelling units by a public housing agency. Requires a public housing agency to provide relocation assistance to each household relocated pursuant to a demolition or disposition plan under this Act. Declares that a public housing agency administering or operating certain covered public housing dwelling units has the obligation to: (1) use its best efforts to locate tenants displaced from public housing as a result of the Hurricanes Katrina and Rita; (2) provide such residents occupancy in available public housing dwelling units of the agency, and (3) ensure such residents a means to exercise a right of return. Declares certain project-based voucher limitations inapplicable to project-based vouchers used to comply with a transfer or demolition plan approved by the HUD Secretary. Prohibits a public housing agency from displacing a tenant from a public housing dwelling unit in a hurricane disaster area that is habitable and administered or operated by the agency unless it provides a suitable and comparable dwelling unit in the same local community. (Sec. 205) Requires the HUD Secretary to report to certain congressional committees on all public housing projects in the Katrina or Rita disaster areas for which plans exist to transfer ownership to other entities or agencies. (Sec. 206) Authorizes appropriations for: (1) repair and rehabilitation of the Housing Authority of New Orleans' public housing; and (2) community and supportive services for its public housing residents. (Sec. 209) Requires any recipient of federal funds under this Act for public housing construction, development, rehabilitation, or repair, to verify that all its employees engaged in such activities: (1) have an immigration status that allows them to legally be so employed; and (2) have a valid form of identification or documentation indicating such status. Title III: Disaster Voucher Program and Project-based Rental Assistance - (Sec. 301) Extends to January 1, 2008: (1) the HUD Disaster Voucher Program; and (2) the authority of the HUD Secretary to waive specified requirements related to section 8 rental assistance. (Sec. 302) Instructs the HUD Secretary to make adjustments to voucher allocations under the Continuing Appropriations Resolution, 2007 for any public housing agency impacted by Hurricanes Katrina, Wilma, or Rita, in order to provide adequate funding to adjust for reduced voucher leasing rates and increased housing costs arising from such Hurricanes. (Sec. 303) Sets forth prerequisites for preservation of project-based housing assistance payments contracts for certain assisted multifamily housing projects damaged or destroyed by Hurricane Katrina or Rita. (Sec. 304) Authorizes appropriations for FY2008 for: (1) section 8 tenant replacement vouchers; (2) voucher assistance for supportive housing for the elderly, persons with disabilities, or homeless persons; and (3) transfer of funds to the Section 8 Voucher Program to provide voucher assistance. (Sec. 307) Instructs the HUD Secretary to make a good faith effort to identify all households who are eligible for assistance under a certain Disaster Voucher Program but are not assisted under it. (Sec. 308) Directs the Comptroller General to study and report to Congress on whether federal assistance to households for rental housing in connection with Hurricanes Katrina and Rita was wrongfully or erroneously terminated. Title IV: Damages Arising From FEMA Actions - (Sec. 401) Authorizes appropriations to reimburse landlords for damages resulting from FEMA abrogation of commitments entered into under the city lease program to provide emergency sheltering in response to Hurricanes Katrina, Rita, or Wilma of 2005. (Precludes such reimbursement to the extend that the landlord has previously received it under another federal or non-federal program.) Title V: FHA Single Family Housing - (Sec. 501) Prohibits the HUD Secretary, in the case of certain Hurricane-damaged small family residential properties subject to an FHA insured mortgage, from: (1) denying conveyance of title to the property to the Secretary on the basis of the condition of the property or any failure to repair it; and (2) reducing the amount of such insurance benefits to take into consideration any costs of repairing the property. Authorizes the HUD Secretary, with respect to property unavailable for conveyance of title, to pay to the mortgagee the full benefits of FHA insurance even though no title is conveyed. Permits payments of insurance claims for such FHA-insured small residential properties only to the extent or in amounts as have been provided in advance in appropriations Acts for such costs. Title VI: Fair Housing Enforcement - (Sec. 601) Authorizes appropriations for FY2008-FY2009 for areas affected by Hurricanes Katrina and Rita. Makes 60% of such funds available for private enforcement initiatives by qualified private enforcement fair housing organizations. Title VII: Improved Distribution of Federal Hurricane Housing Funds for Hurricane Relief - (Sec. 701) Instructs the Comptroller General to study and report to Congress about methods of improving the distribution of federal housing funds to assist states with recovery from hurricanes. Title VIII: Commending Americans for Their Rebuilding Efforts - (Sec. 801) States that Congress commends the actions and efforts by the remarkable individuals and organizations who contributed to the hurricane relief effort, and recognizes that the rebuilding of the Gulf Coast region rests on the selfless dedication of private individuals and community spirit. Title IX: Protection of Households Receiving FEMA Housing Assistance - (Sec. 901) Authorizes appropriations to provide temporary housing assistance until December 31, 2007, including financial and direct assistance, to individuals and households eligible for assistance as a result of Hurricanes Katrina, Rita, or Wilma. Requires extension of such assistance if funds for such purpose are made available. (Sec. 902) Authorizes appropriations to provide vouchers for section 8 tenant-based rental assistance to eligible individuals and households that received temporary housing financial assistance. Instructs the HUD Secretary to offer a voucher for rental assistance to eligible households residing in FEMA trailers as a result of Hurricanes Katrina, Rita, or Wilma. Prohibits the public housing agency administering a voucher for an assisted family from providing rental assistance under it for any other household if the original family becomes ineligible for such rental assistance. Instructs the HUD Secretary to recapture from the agency any remaining amounts for assistance attributable to such voucher. Prohibits the Secretary from reobligating such amounts to any public housing agency. Prohibits such voucher from being taken into consideration for purposes of determining any future allocation of amounts for such tenant-based rental assistance for any public housing agency.

recovery act prohibits use funds authorized act lobby retain lobbyist purpose influencing federal state local governmental entity officer title community development block grants sec prohibits director federal_emergency_management_agency fema prohibiting restricting use state louisiana specified amounts targeted rita based program requirement condition limits reduces available eligible homeowner agree remain owner occupant home louisiana waives applicability certain limitations reductions homeowners elderly senior citizens requires state louisiana report monthly certain congressional committees requires states household assistance programs funded community development block grant cdbg disaster assistance report specified congressional committees directs secretary housing_and_urban_development hud secretary require state louisiana available million certain unexpended funds order implement declares purpose fund purchase costs associated acquisition individual parcels land new_orleans louisiana subsequently sold purpose development private entities accordance subject orleans parish recovery plan developed adopted sets forth certification development requirements requires comptroller general study report certain congressional committees effectiveness limitations pilot program expenditures sec states extent specified funds program certain statutory procedures preventing duplication benefits shall apply respect benefits received hazard insurance flood insurance fema disaster payments inapplicability result windfall gain person sec states specified cdbg funds previously designated disaster relief long term recovery infrastructure restoration major disaster areas affected hurricanes katrina rita wilma state locality matching requirement share contribution federal program cites conditions environmental review conducted fema director shall satisfy environmental responsibilities assumed state local government indian tribe sec authorizes transfer hud secretary certain unobligated disaster relief funds appropriated fema order assist metropolitan cities urban counties cdbg amounts previously available rental housing assistance families evacuated residences hurricanes title public housing sec requires hud secretary provide report certain congressional committees independent survey intentions new_orleans public housing residents return repaired public housing comparable dwelling units sec requires authority dwelling units available occupancy august certain public housing tenants right return prohibits authority preventing households occupying replacement dwelling unit prohibited federal law specifies grounds particularly criminal offenses preventing households occupancy grants priority public housing occupancy employed individuals agree contribute community service participate economic self sufficiency program sec prohibits authority disposing public housing dwelling unit operates administers including unit previously approved demolition pursuant replacement plan approved hud secretary sec prescribes conditions governing ownership transfer demolition public housing dwelling units public housing agency requires public housing agency provide relocation assistance household relocated pursuant demolition disposition plan act declares public housing agency administering operating certain covered public housing dwelling units obligation use best efforts locate tenants displaced public housing result hurricanes katrina rita provide residents occupancy available public housing dwelling units agency ensure residents means exercise right return declares certain project based voucher limitations inapplicable project based vouchers comply transfer demolition plan approved hud secretary prohibits public housing agency displacing tenant public housing dwelling unit hurricane disaster area habitable administered operated agency provides suitable comparable dwelling unit local community sec requires hud secretary report certain congressional committees public housing projects katrina rita disaster areas plans exist transfer ownership entities agencies sec authorizes appropriations repair rehabilitation public housing community supportive services public housing residents sec requires recipient federal funds act public housing construction development rehabilitation repair verify employees engaged activities immigration status allows legally employed valid form identification documentation indicating status title iii disaster voucher program project based sec extends january authority hud secretary waive specified requirements related section rental assistance sec instructs hud secretary adjustments voucher allocations continuing_appropriations_resolution public housing agency impacted hurricanes katrina wilma rita order provide adequate funding adjust reduced voucher leasing rates increased housing costs arising hurricanes sec sets forth prerequisites preservation project based housing assistance payments contracts certain assisted multifamily housing projects damaged destroyed hurricane katrina rita sec authorizes appropriations fy2008 section tenant replacement vouchers voucher assistance supportive housing elderly persons disabilities homeless persons transfer funds provide voucher assistance sec instructs hud secretary good faith effort identify households eligible assistance certain assisted sec directs comptroller general study report congress federal assistance households rental housing connection hurricanes katrina rita wrongfully erroneously terminated title damages arising sec authorizes appropriations reimburse damages resulting fema commitments entered city lease program provide emergency response hurricanes katrina rita precludes reimbursement extend landlord previously received federal non federal program title fha single family housing sec prohibits hud secretary case certain hurricane damaged small family residential properties subject fha insured mortgage denying conveyance title property secretary basis condition property failure repair reducing insurance benefits consideration costs repairing property authorizes hud secretary respect property unavailable conveyance title pay mortgagee benefits fha insurance title conveyed permits payments insurance claims fha insured small residential properties extent amounts provided advance appropriations acts costs title sec authorizes appropriations fy2008 fy2009 areas affected hurricanes katrina rita makes funds available private enforcement initiatives qualified private enforcement fair housing organizations title vii instructs comptroller general study report congress methods improving distribution federal housing funds assist states recovery hurricanes title viii americans rebuilding efforts sec states congress actions efforts individuals organizations contributed hurricane relief effort recognizes rebuilding gulf_coast region dedication private individuals community spirit title protection sec authorizes appropriations provide temporary housing assistance december including financial direct assistance individuals households eligible assistance result hurricanes katrina rita wilma requires extension assistance funds purpose available sec authorizes appropriations provide vouchers section tenant based rental assistance eligible individuals households received temporary housing financial assistance instructs hud secretary offer voucher rental assistance eligible households residing fema trailers result hurricanes katrina rita wilma prohibits public housing agency administering voucher assisted family providing rental assistance household original family ineligible rental assistance instructs hud secretary recapture agency remaining amounts assistance attributable voucher prohibits secretary amounts public housing agency prohibits voucher taken consideration purposes determining future allocation amounts tenant based rental assistance public housing agency


Summary: Public Housing Equal Treatment Act of 2007 - Amends the United States Housing Act of 1937 to instruct the Secretary of Housing and Urban Development (HUD), when determining certain allocations for a public housing agency, to include as eligible units all public housing dwelling units that: (1) are owned by the public housing agency at the time of such determination; and (2) have previously received assistance under an agreement with HUD authorizing the agency to expend such funds on behalf of the units.

public housing equal treatment act amends united_states housing act instruct secretary housing_and_urban_development hud determining certain allocations public housing agency include eligible units public housing dwelling units owned public housing agency time determination previously received assistance agreement hud authorizing agency expend funds behalf units


Summary: Military Access to Housing Act of 2007 - Amends the Internal Revenue Code to exclude military basic housing allowances from income for purposes of establishing eligibility for housing in qualified residential rental projects.

military access housing act amends internal revenue code exclude military basic housing allowances income purposes establishing eligibility housing qualified residential rental projects


Summary: Affordable Housing Preservation Tax Relief Act of 2007 - Amends the Internal Revenue to exclude from gross income gain from the sale or exchange of certain multifamily housing property to a housing credit agency or related organization (preservation entity) that agrees to maintain certain affordability and use restrictions for such property. Limits the excludable amount of such gain to the depreciation adjustments for such property.

amends internal revenue exclude gross income gain sale exchange certain multifamily housing property housing credit agency related organization preservation entity agrees maintain certain affordability use restrictions property limits excludable gain depreciation adjustments property


Summary: Preservation Approval Process Improvement Act of 2007 - Directs the Secretary of Housing and Urban Development to suspend mandatory processing of Previous Participation Certificates under the Automated Partners Performance System and permit paper filings of such certificates until the Secretary: (1) revises the December 2006 draft of specified proposed regulations to eliminate unnecessary burdens and disincentives for program participants; and (2) submits such revised draft proposed regulations to certain congressional committees for review.Instructs the Secretary also to suspend immediately all filing requirements under the Previous Participation Certificate process with respect to limited liability corporate investors who own or expect to own an interest in entities which are allowed or are expected to be allowed specified low-income housing tax credits under the Internal Revenue Code.

preservation approval process improvement act directs secretary housing_and_urban_development suspend mandatory processing previous participation certificates permit paper filings certificates secretary revises december draft specified proposed regulations eliminate unnecessary burdens disincentives program participants submits revised draft proposed regulations certain congressional committees review instructs secretary suspend immediately filing requirements previous participation certificate process respect limited liability corporate investors expect interest entities allowed expected allowed specified low income housing tax credits internal revenue code


Summary: Expanding American Homeownership Act of 2007 - Amends the National Housing Act to: (1) modify guidelines governing the maximum principal loan obligation; (2) extend the mortgage term; and (3) revise requirements for cash payment by the mortgagor in the eligibility criteria for mortgage insurance. Directs the Secretary of Housing and Urban Development (HUD) to reinstate the current downpayment requirement in the event of increased defaults. Authorizes the Secretary to establish a mortgage insurance premium structure involving a single premium payment collected prior to the insurance of the mortgage that may vary during the mortgage term as long as the basis for determining the variable rate is established before the execution of the mortgage. Sets forth maximum up-front premium amounts. Permits the Secretary to insure any mortgage covering a one-family unit in a condominium project if the project has a certain HUD-insured blanket mortgage. Revises requirements for the Mutual Mortgage Insurance (MMI) Fund. Limits the authority of the Secretary to enter into commitments for loan guarantees. Makes insurance of a Native Hawaiian or Indian reservation mortgage the obligation of the MMI Fund (instead of the General Insurance Fund). Eliminates the limitation placed upon the aggregate number of home equity conversion mortgages insured under the Act. Authorizes the Secretary to insure a home equity conversion mortgage when its primary purpose is to enable an elderly mortgagor to purchase a one- to four-family dwelling in which the mortgagor will occupy one of the units. Authorizes the Secretary to enter into agreements to insure temporarily certain mortgages for a single family residence located within a presidentially declared major disaster area. Redefines mortgagee to allow participation in the federal mortgage insurance program by state-licensed mortgage brokers and correspondent lenders who make, underwrite, or service mortgage loans.

expanding american homeownership act amends national housing act modify guidelines governing maximum principal loan obligation extend mortgage term revise requirements cash payment mortgagor eligibility criteria mortgage insurance directs secretary housing_and_urban_development hud reinstate current downpayment requirement event increased defaults authorizes secretary establish mortgage insurance premium structure involving single premium payment collected prior insurance mortgage vary mortgage term long basis determining variable rate established execution mortgage sets forth maximum premium amounts permits secretary insure mortgage covering family unit condominium project project certain hud insured blanket mortgage revises requirements mmi fund limits authority secretary enter commitments loan guarantees makes insurance native hawaiian indian reservation mortgage obligation mmi_fund instead general_insurance_fund eliminates limitation placed aggregate number home equity conversion mortgages insured act authorizes secretary insure home equity conversion mortgage primary purpose enable elderly mortgagor purchase one- family dwelling mortgagor occupy units authorizes secretary enter agreements insure temporarily certain mortgages single family residence located presidentially declared major disaster area redefines mortgagee allow participation federal mortgage insurance program state licensed mortgage brokers correspondent lenders underwrite service mortgage loans


Summary: Section 8 Voucher Reform Act of 2007 - (Sec. 2) Amends the United States Housing Act of 1937 to revise requirements for public housing agency (PHA) inspections of each dwelling unit for which a housing assistance payment contract is established. Requires an initial inspection before any assistance payment is made. Allows such payments if failure to meet standards is a result only of non-life threatening conditions. Requires suspension of payments until each deficiency has been corrected.Permits a housing agency, in the case of projects receiving certain federal housing subsidies, to authorize occupancy before completion of an initial inspection. Requires biennial inspections, in lieu of current annual inspections, to determine compliance. Provides for interim inspections, upon family request, within 24 hours if a noncompliant condition is life-threatening, or within 15 days if not life-threatening. Specifies steps for a determination of noncompliance. Authorizes a public housing agency (PHA) to use withheld assistance to make repairs to a noncomplying dwelling unit. Prohibits a contract to make such repairs with the inspector who determined the dwelling unit's failure. Terminates the lease for any family residing in a unit for which the PHA terminates the housing assistance payments contract. Allows the family to remain in the unit subject to a new lease as an unassisted family. Requires the PHA to provide the family a period of time, which may be extended, to lease a new residence to assist with the tenant-based rental assistance. Requires the PHA to take specified steps to assist the family in relocating to other public housing it owns or operates if the family cannot otherwise find a new residence. (Sec. 3) Authorizes a PHA to establish for public housing and for families under the section 8 voucher program (other than elderly or disabled families) a tenant rent structure: (1) with a ceiling rent and a tenant contribution ceiling, adjustable periodically for inflation; (2) in which the rent is set and distributed on the basis of broad tiers of family income, adjustable annually; or (3) in which the rent is based on a percentage of family income. Revises low-income occupancy and rental payment requirements to prescribe reviews of family income at least annually for most tenants or every three years for fixed-income families. Repeals current requirements disallowing earned income from rent determinations or, in the alternative, allowing individual savings accounts. Redefines income. Excludes from such definition any imputed return on assets or benefits from Coverdell education savings accounts, as well as (according to current law) any payments attributable to underpayment of federal benefits due. Excludes from calculation of the income of student dependents: (1) any dependent's earned income; and (2) any grant-in-aid or scholarships related to full-time attendance used for tuition or books. Revises requirements for adjusted income to: (1) increase deductions for elderly or disabled families, dependents, and health and medical expenses; and (2) eliminate the exclusion of child and spousal support payments and the earned income of minors (except as allowed for dependents). Requires appropriate adjustments in the formula income of any PHA whose rental income is reduced by an amount not de minimus as a result of the amendments of this Act. Requires the Secretary of Housing and Urban Development (HUD) to report to Congress on the impact of this Act upon the revenues and costs of operating public housing units during FY2008 and FY2009. (Sec. 4) Prescribes eligibility criteria for assistance based upon assets and income. Prohibits rental of a public housing dwelling unit or related assistance to any family with: (1) net assets exceeding $100,000, adjusted annually for inflation; or (2) a present ownership interest in, and a legal right to reside in, real property suitable for residential occupancy, with certain exceptions. (Sec. 5) Revises requirements governing assistance to low-income working families. Prescribes an alternative eligibility formula for maximum family income (not applicable to Puerto Rico or any U.S. territories or possessions) if the poverty line applicable to a family of the size involved is higher than 30% of the area median income. (Sec. 6) Authorizes appropriations for tenant-based vouchers for FY2008-FY2012. Revises requirements for tenant-based contract renewals, including allocation of renewal funding among public housing agencies. Directs the HUD Secretary to issue guidance to PHAs that receive voucher assistance for non-elderly disabled families to ensure that the vouchers continue to be provided upon turnover to qualified non-elderly disabled families. (Sec. 7) Revises requirements for calculation of administrative fees, including those covering family self-sufficiency program costs. (Sec. 8) Revises requirements for Section 8 single grant home ownership downpayment assistance to an eligible family that purchases a dwelling unit that will be owned by one or more members of the family and occupied by them. Limits such a grant to $10,000. Redefines rent of manufactured housing for which vouchers may be used to include the amortized cost of purchasing a manufactured home, as well as specified other costs. (Sec. 9) Authorizes a PHA to report to certain consumer reporting agencies the past rent payment history of a family receiving tenant-based housing choice vouchers, if that family agrees in writing to such reporting. (Sec. 10) Directs the HUD Secretary to establish standards and procedures for assessing the performance of public housing agencies in carrying out the programs for tenant-based rental assistance and for homeownership assistance. (Sec. 11) Revises the authority of a PHA to use amounts provided under an annual contributions contract to enter into a housing assistance payment contract with respect to an existing, newly constructed, or rehabilitated structure (project-based assistance). Increases from 20% to 25% the amount of funding available for tenant-based assistance administered by the agency that may be attached to such structures. Allows attachment of an additional 5% to structures for homeless individuals and families. Revises income mixing requirements. Changes the maximum 25% of the dwelling units in any building that may be assisted under a housing assistance payment contract for project-based assistance to a maximum of 25 dwelling units or 25% of the dwelling units in any project. Specifies circumstances in which the 25% may be increased to 50%. Increases the maximum term of a housing assistance payment contract from 10 years to 15 years. Allows such a contract to specify renewal terms of up to 15 years. Authorizes a PHA to enter into such a contract at the time it enters into the initial agreement for a housing assistance payment contract. Revises requirements for rent calculation, rent adjustments, and tenant selection waiting lists (providing for site-based lists). Permits a PHA to enter into a housing assistance payments contract for dwelling units in cooperative housing and high-rise elevator buildings. States that neither a subsidy layering nor an environmental review shall be required for assistance in the case of a housing assistance payments contract (Sec. 12) Instructs the HUD Secretary to monitor rent burdens and report to Congress annually on the percentages of assisted families that pay more than 30% and 40 % of their adjusted incomes for rent. Requires a PHA to adjust the payment standard to eliminate excessive rent burdens. Requires annual reports to Congress on: (1) the degree to which assisted families are clustered in lower rent, higher poverty areas; and (2) the extent to which greater geographic distribution of such families could be achieved. Authorizes a PHA, without the Secretary's approval, to establish a payment standard of up to 120% of the fair market rent where necessary as a reasonable accommodation for a person with a disability. Allows a PHA to seek the Secretary's approval to use a payment standard greater than 120% for such a person. (Sec. 13) Directs the HUD Secretary to endeavor to define market areas, at least in metropolitan cities with over 40,000 rental dwelling units and urban counties (or portions of them) located outside such cities, in a manner that results in fair market rentals adequate to cover typical rental costs of units suitable for occupancy by persons assisted in a wide range of communities, including those with low poverty rates. Specifies circumstances in which the Secretary shall establish other separate market areas at a PHA's request. Declares that no PHA shall be required, as a result of a reduction in the fair market rental, to reduce the payment standard applied to a family continuing to reside in a unit for which the family was receiving assistance at the time the fair market rental was reduced. (Sec. 14) Limits a PHA's elective screening to criteria directly related to an applicant's ability to fulfill the obligations of an assisted lease, with due consideration of related mitigating circumstances. (Sec. 15) Revises requirements for enhanced voucher assistance to allow an assisted family to elect to remain in the same project in which the family was residing on the date of the project eligibility event (as under current law), regardless of unit and family size standards normally used by the administering agency (except that tenants may be required to move to units of appropriate size if available on the premises). Considers The Heritage Apartments in Malden, Massachusetts, eligible low-income housing to enable its residents to receive enhanced voucher assistance, upon prepayment of the mortgage loan for the property. Directs the Secretary to approve such prepayment and subsequent transfer of the property without any further condition; but declares the property, until the original maturity date of the prepaid mortgage loan, restricted for occupancy only by families with incomes not exceeding 80% of the adjusted median income for the area in which the property is located. (Sec. 16) Establishes the Housing Innovation Program (HIP) to provide PHAs and HUD with flexibility to design and evaluate innovative approaches to providing housing assistance. Authorizes the HUD Secretary to designate up to 60 PHAs to participate at any one time in HIP, plus another 20 PHA's subject to certain terms. Designates to participate in HIP all existing PHAs that have an agreement with HUD pursuant to the moving to work demonstration program ( "MTW agency"). Requires one-for-one replacement of demolished or disposed of dwelling units under HIP according to a comprehensive outreach plan developed by the PHA in conjunction with its residents and meeting certain criteria. Authorizes appropriations for FY2008-FY2012 for resident technical assistance and for evaluations of all participating PHAs. (Sec. 17) Authorizes the HUD Secretary to enter into agreements with the Social Security Administration and the Secretary of Health and Human Services to permit HUD participation in certain state demonstration programs providing for persons with significant disabilities to be employed and to continue to receive supplemental security income (SSI), disability insurance, Medicaid, and other benefits under specified federal and state programs. (Sec. 18) Directs the Secretary to: (1) convene a task force to identify a list of vital documents to be competently translated to improve access to federally conducted and federally assisted programs and activities for individuals with limited English proficiency; (2) produce and make available on the HUD website translations of such documents in all necessary languages; (3) develop and carry out a plan to assist recipients of federal funds to improve access to programs and activities for such individuals; (4) develop and maintain a housing information resource center, with a 24-hour toll-free interpretation service telephone line, which shall assemble a document clearinghouse and evaluate best-practices models for all HUD programs that promote language assistance and strategies to improve language services for individuals with limited English proficiency. Requires the center to provide information relating to culturally and linguistically competent housing services for populations with limited English proficiency. Authorizes appropriations. (Sec. 19) Directs the Secretary, at the owner's request, to transfer (or authorize the transfer of) specified project-based rental assistance housing assistance payments contracts, restrictions, and debt: (1) on the housing owned or managed by Community Properties of Ohio Management Services LLC or an affiliate of Ohio Capital Corporation for Housing and located in Franklin County, Ohio, to other properties located in Franklin County, Ohio; and (2) on the housing that is owned or managed by The Model Group, Inc., and located in Hamilton County, Ohio, to other properties located in Hamilton County, Ohio. Requires any such transfer to result in the retention of the same number of units and amount of assistance. (Sec. 20) Authorizes appropriations for FY2008-FY2012 to PHAs for incremental tenant-based assistance sufficient to assist 20,000 incremental dwelling units in each fiscal year. (Sec. 21) Prohibits rental housing assistance on behalf of any individual or household unless the individuals or adult household members provide valid personal identification in the form of either: (1) a Social Security card with photo identification or REAL ID Act identification; (2) a passport; or (3) a U.S. Citizenship and Immigration Services identification card.

section voucher reform act sec amends united_states housing act revise requirements public housing agency pha inspections dwelling unit housing assistance payment contract established requires initial inspection assistance payment allows payments failure meet standards result non life threatening conditions requires suspension payments deficiency corrected permits housing agency case projects receiving certain federal housing subsidies authorize occupancy completion initial inspection requires biennial inspections lieu current annual inspections determine compliance provides interim inspections family request hours noncompliant condition life threatening days life threatening specifies steps determination noncompliance authorizes public housing agency pha use withheld assistance repairs noncomplying dwelling unit prohibits contract repairs inspector determined dwelling unit failure terminates lease family residing unit pha terminates housing assistance payments contract allows family remain unit subject new lease family requires pha provide family period time extended lease new residence assist tenant based rental assistance requires pha specified steps assist family relocating public housing owns operates family find new residence sec authorizes pha establish public housing families section voucher program elderly disabled families tenant rent structure ceiling rent tenant contribution ceiling adjustable periodically inflation rent set distributed basis broad tiers family income adjustable annually rent based percentage family income revises low income occupancy rental payment requirements prescribe reviews family income annually tenants years fixed income families repeals current requirements earned income rent determinations alternative allowing individual savings accounts redefines income excludes definition imputed return assets benefits coverdell education savings accounts according current law payments attributable underpayment federal benefits excludes calculation income student dependents dependent earned income grant aid scholarships related time attendance tuition books revises requirements adjusted income increase deductions elderly disabled families dependents health medical expenses eliminate exclusion child spousal support payments earned income minors allowed dependents requires appropriate adjustments formula income pha rental income reduced minimus result amendments act requires secretary housing_and_urban_development hud report congress impact act revenues costs operating public housing units fy2008 fy2009 sec prescribes eligibility criteria assistance based assets income prohibits rental public housing dwelling unit related assistance family net assets exceeding adjusted annually inflation present ownership interest legal right reside real property suitable residential occupancy certain exceptions sec revises requirements governing assistance low income working families prescribes alternative eligibility formula maximum family income applicable puerto_rico territories possessions poverty line applicable family size involved higher area median income sec authorizes appropriations tenant based vouchers fy2008 fy2012 revises requirements tenant based contract renewals including allocation renewal funding public housing agencies directs hud secretary issue guidance phas receive voucher assistance non elderly disabled families ensure vouchers continue provided turnover qualified non elderly disabled families sec revises requirements calculation administrative fees including covering family self sufficiency program costs sec revises requirements section single grant home ownership downpayment assistance eligible family purchases dwelling unit owned members family occupied limits grant redefines rent manufactured housing vouchers include amortized cost purchasing manufactured home specified costs sec authorizes pha report certain consumer reporting agencies past rent payment history family receiving tenant based housing choice vouchers family agrees writing reporting sec directs hud secretary establish standards procedures assessing performance public housing agencies carrying programs tenant based rental assistance homeownership assistance sec revises authority pha use amounts provided annual contributions contract enter housing assistance payment contract respect existing newly constructed rehabilitated structure project based assistance increases funding available tenant based assistance administered agency attached structures allows attachment additional structures homeless individuals families revises income requirements changes maximum dwelling units building assisted housing assistance payment contract project based assistance maximum dwelling units dwelling units project specifies circumstances increased increases maximum term housing assistance payment contract years years allows contract specify renewal terms years authorizes pha enter contract time enters initial agreement housing assistance payment contract revises requirements rent calculation rent adjustments tenant selection waiting lists providing site based lists permits pha enter housing assistance payments contract dwelling units cooperative housing high rise elevator buildings states subsidy environmental review shall required assistance case housing assistance payments contract sec instructs hud secretary monitor rent burdens report congress annually percentages assisted families pay adjusted incomes rent requires pha adjust payment standard eliminate excessive rent burdens requires annual reports congress degree assisted families lower rent higher poverty areas extent greater geographic distribution families achieved authorizes pha secretary approval establish payment standard fair market rent necessary reasonable accommodation person disability allows pha seek secretary approval use payment standard greater person sec directs hud secretary endeavor define market areas metropolitan cities rental dwelling units urban counties portions located outside cities manner results fair market rentals adequate cover typical rental costs units suitable occupancy persons assisted wide range communities including low poverty rates specifies circumstances secretary shall establish separate market areas pha request declares pha shall required result reduction fair market rental reduce payment standard applied family continuing reside unit family receiving assistance time fair market rental reduced sec limits pha elective screening criteria directly related applicant ability fulfill obligations assisted lease consideration related mitigating circumstances sec revises requirements enhanced voucher assistance allow assisted family elect remain project family residing date project eligibility event current law regardless unit family size standards normally administering agency tenants required units appropriate size available premises considers massachusetts eligible low income housing enable residents receive enhanced voucher assistance prepayment mortgage loan property directs secretary approve prepayment subsequent transfer property condition declares property original maturity date prepaid mortgage loan restricted occupancy families incomes exceeding adjusted median income area property located sec establishes housing innovation program provide phas hud flexibility design evaluate innovative approaches providing housing assistance authorizes hud secretary designate phas participate time plus pha subject certain terms designates participate existing phas agreement hud pursuant moving work demonstration program agency requires replacement demolished disposed dwelling units according comprehensive outreach plan developed pha conjunction residents meeting certain criteria authorizes appropriations fy2008 fy2012 resident technical assistance evaluations participating phas sec authorizes hud secretary enter agreements social_security_administration secretary health_and_human_services permit hud participation certain state demonstration programs providing persons significant disabilities employed continue receive supplemental security income ssi disability insurance medicaid benefits specified federal state programs sec directs secretary convene task force identify list vital documents improve access federally conducted federally assisted programs activities individuals limited english proficiency produce available hud website documents necessary languages develop carry plan assist recipients federal funds improve access programs activities individuals develop maintain housing information resource center hour toll free interpretation service telephone line shall assemble document clearinghouse evaluate best practices models hud programs promote language assistance strategies improve language services individuals limited english proficiency requires center provide information relating culturally linguistically competent housing services populations limited english proficiency authorizes appropriations sec directs secretary owner request transfer authorize transfer specified project based rental assistance housing assistance payments contracts restrictions debt housing owned managed llc affiliate located ohio properties located ohio housing owned managed located ohio properties located ohio requires transfer result retention number units assistance sec authorizes appropriations fy2008 fy2012 phas incremental tenant based assistance sufficient assist incremental dwelling units fiscal year sec prohibits rental housing assistance behalf individual household individuals adult household members provide valid personal identification form social_security card photo identification real act identification passport identification card


Summary: Expanding American Homeownership Act of 2007 - (Sec. 3) Amends the National Housing Act (Act) to: (1) modify requirements governing the maximum principal loan obligation, changing it to 125% of the median one-family house price in the area; and (2) extend the mortgage term from 35 to 40 years. (Sec. 5) Revises eligibility criteria for cash down payment for mortgage insurance. Alters the formula for determining the principal obligation to set the loan-to-value (LTV) for a Federal Housing Administration (FHA) single family home at 97.75 % of the appraised value of the property (plus the amount of the mortgage insurance premium paid at the time the mortgage is insured, as under current law). Establishes an alternative formula for zero- and lower-down payment borrowers, allowing 100% of the appraised value of the property, plus HUD-approved initial service charges, appraisal, inspection, and other fees. Repeals the prerequisite for FHA mortgage insurance that a mortgagor obtain counseling in financial management  and responsibilities of homeownership. Retains the current 3% cash down payment requirement, except for zero- and lower-down payment borrowers. Requires the Secretary, with respect to cash down payments, to consider as cash or its equivalent any amounts gifted by a family member (as under current law), the mortgagor's employer or labor union, or a qualified home ownership assistance entity, but only if there is no obligation on the part of the mortgagor to repay the gift. (Sec. 6) Sets forth eligibility criteria governing mortgage insurance premiums for zero- and lower-down payment borrowers who obtain a mortgage secured by a one- to four-family dwelling occupied as a principal residence. (Sec. 7 ) Distinguishes standard risk mortgages secured by a one- to four-family dwelling from higher-risk mortgages. Authorizes the Secretary to: (1) establish underwriting standards for higher-risk mortgages for mortgagors with a credit score equivalent to a FICO score of less than 560; (2) provide for flexible premium rate variations according to the credit risk associated with the type of mortgage product being insured; and (3) create certain payment incentives, both discretionary and mandatory. (Sec. 10) Makes certain borrower protections, including mortgagee disclosures and mortgagor counseling, particularly foreclosure prevention counseling, mandatory for higher risk mortgages. (Sec. 11) Requires the Secretary to: (1) establish underwriting standards governing insurance of mortgage loans; and (2) take actions to facilitate the availability of mortgage loans insured under this Act that are made for the purpose of paying or prepaying outstanding obligations under existing mortgages. (Sec. 12) Instructs the Secretary to submit in annual reports to Congress: (1) the rates of default and foreclosure for mortgages insured pursuant to certain mortgage insurance programs; and (2) loss mitigation actions. (Sec. 13) Permits an increase of up to 25% in the maximum mortgage amount that may be insured to account for the increased cost of a residence due to an increased need of space for locating and operating a licensed or certificated child care facility. (Sec. 14) Replaces the General Insurance Fund with the Mutual Mortgage Insurance Fund (MMI Fund) with respect to funds received and disbursements made in connection with certain rehabilitation loans. (Sec. 16) Permits the Secretary to insure any mortgage covering a one-family unit in a condominium if the project of which it is part has a certain HUD-insured blanket mortgage. Extends the insurable mortgage term from 35 to 40 years. Includes among insurable multifamily projects those in which the dwelling units are manufactured housing units, semi-detached or detached. (Sec. 17) Revises requirements for the MMI Fund, specifying operating goals among other things. Requires an annual independent actuarial study of the Fund. (Sec. 18) Makes insurance of a Native Hawaiian or Indian reservation mortgage the obligation of the MMI Fund (instead of the General Insurance Fund). (Sec. 20) Eliminates the limitation placed upon the aggregate number of home equity conversion mortgages insured under the Act. Authorizes the Secretary to insure a home equity conversion mortgage when its primary purpose is to enable an elderly mortgagor to purchase a one- to four-family dwelling in which the mortgagor will occupy one of the units. Directs the Secretary to: (1) establish specified limits on the origination fee that may be charged to a mortgagor; and (2) study and report to Congress regarding mortgage insurance premiums charged for insurance of home equity conversion mortgages to determine the effects of reducing such premiums upon costs to mortgagors, and upon the financial soundness of the program. (Sec. 21) Revises: (1) requirements for participation by mortgage brokers and correspondent lenders in the mortgage insurance program; and (2) mortgage insurance eligibility criteria. Extends the meaning of "mortgagee" to mortgage brokers and correspondent lenders who post a bond of between $50,000 and $100,000 (indexed annually), as determined by the Secretary, in lieu of existing net worth and annual audit requirements. Directs the Comptroller General to study and report to Congress regarding the effect of such revised requirements upon increased participation by mortgage brokers and correspondent lenders in mortgage insurance programs under this Act. (Sec. 22) Authorizes the Secretary to enter into agreements, for a certain period, to insure up to 100% of certain mortgages for a single family residence located in a major disaster area. (Sec. 23) Establishes penalties for failure by a mortgage and escrow account servicer to make required payments from escrow accounts (for taxes, insurance premiums, and other charges) in the case of a HUD-insured mortgage for a one- to four-family residence. Prohibits the Secretary from submitting any information to a consumer reporting agency regarding such failure that is adverse to the mortgagor's credit rating or interest. (Sec. 24) Restricts acceptable forms of identification for FHA mortgagors to: (1) a social security card with photo identification or REAL ID Act identification; (2) a passport; or (3) a U.S. Citizenship and Immigration Services identification card. (Sec. 25) Directs the Secretary to implement a pilot program to establish an automated process for borrowers without sufficient credit history. Directs the Comptroller General to report to Congress regarding: (1) the number of additional mortgagors served using such automated process; and (2) the impact of such process and the insurance of mortgages pursuant to it on the safety and soundness of the insurance funds under the Act of which such mortgages are obligations. (Sec. 26) Expresses the sense of Congress that the Secretary should report to Congress on the use of a portion of the funds received from premiums paid for FHA single family housing mortgage insurance that are in excess of the amounts paid out in claims to increase substantially the funding for FHA technology to bring it to the level and sophistication of technology used in the conventional mortgage lending market. (Sec. 27) Increases maximum FHA multifamily housing mortgage limits in high cost areas from 140% of the basic loan limit to 170% and, on a project-by-project basis, to 215%. (Sec. 28) Authorizes appropriations for FY2008 for discount sales of multifamily real properties. (Sec. 29) Exempts from the requirements, limitations, and prohibitions of subtitle A (FHA Asset Disposition) of title II of the Deficit Reduction Act of 2005, and the amendments made by such title, any multifamily real property transaction for which: (1) the Secretary has received, before the Act's enactment, written expressions of interest in purchasing the property from both a city government and its housing commission; (2) the Secretary acquires title to the property at a foreclosure sale after receipt of such expressions of interest; and (3) such city government and housing commission have resolved a previous disagreement with respect to the disposition of the property. (Sec. 30) Amends the Deficit Reduction Act of 2005 to prohibit the Secretary from selling multifamily real property through any discount sale during FY2011, or any multifamily loan through a discount loan sale during such fiscal year, unless the property or loan is sold for an amount that is equal to or greater than 60% of the property market value or loan market value, respectively. (Sec. 31) Authorizes appropriations from the negative credit subsidy for mortgage insurance programs resulting from this Act for: (1) single family housing mortgage insurance; (2) housing counseling; (3) mortgage insurance technology, procedures, processes, program performance, and salaries; and (4) an affordable housing fund. Conditions such authorization for a fiscal year upon certification by the Secretary that mortgage insurance premiums charged during it: (1) are established at the minimum amount sufficient to comply with the requirements for the MMI capital ratio; and (2) ensure the safety and soundness of the other mortgage insurance funds under such Act. Requires any such negative credit subsidy to ensure adequately the efficient delivery and availability of the mortgage insurance programs. Requires the Secretary to study and report to Congress on how best to update and upgrade mortgage insurance program procedures and technologies so that the policies and procedures for originating, insuring, and servicing of mortgages conform with those customarily used by secondary market purchasers of residential mortgage loans. (Sec. 32) Sets limitations upon mortgage insurance premium increases. (Sec. 33) Amends the National Housing Act to establish civil money penalties for improperly influencing property appraisals. (Sec. 34) Instructs the Secretary to provide refunds of unearned premium charges paid for mortgage insurance to or on behalf of otherwise refund-eligible mortgagors whose mortgages were closed before December 8, 2004, and endorsed on or after such date. Authorizes appropriations.

expanding american homeownership act sec amends national housing act act modify requirements governing maximum principal loan obligation changing median family house price area extend mortgage term years sec revises eligibility criteria cash payment mortgage insurance alters formula determining principal obligation set loan value federal_housing_administration fha single family home appraised value property plus mortgage insurance premium paid time mortgage insured current law establishes alternative formula lower payment borrowers allowing appraised value property plus hud approved initial service charges appraisal inspection fees repeals prerequisite fha mortgage insurance mortgagor obtain counseling financial management responsibilities homeownership retains current cash payment requirement lower payment borrowers requires secretary respect cash payments consider cash equivalent amounts gifted family member current law mortgagor employer labor union qualified home ownership assistance entity obligation mortgagor repay gift sec sets forth eligibility criteria governing mortgage insurance premiums lower payment borrowers obtain mortgage secured one- family dwelling occupied principal residence sec standard risk mortgages secured one- family dwelling higher risk mortgages authorizes secretary establish underwriting standards higher risk mortgages mortgagors credit score equivalent score provide flexible premium rate variations according credit risk associated type mortgage product insured create certain payment incentives discretionary mandatory sec makes certain borrower protections including mortgagee disclosures mortgagor counseling particularly foreclosure prevention counseling mandatory higher risk mortgages sec requires secretary establish underwriting standards governing insurance mortgage loans actions facilitate availability mortgage loans insured act purpose paying outstanding obligations existing mortgages sec instructs secretary submit annual reports congress rates default foreclosure mortgages insured pursuant certain mortgage insurance programs loss mitigation actions sec permits increase maximum mortgage insured account increased cost residence increased need space locating operating licensed certificated child care facility sec replaces general_insurance_fund mutual_mortgage_insurance_fund mmi fund respect funds received disbursements connection certain rehabilitation loans sec permits secretary insure mortgage covering family unit condominium project certain hud insured blanket mortgage extends insurable mortgage term years includes insurable multifamily projects dwelling units manufactured housing units semi sec revises requirements mmi_fund specifying operating goals things requires annual independent actuarial study fund sec makes insurance native hawaiian indian reservation mortgage obligation mmi_fund instead general_insurance_fund sec eliminates limitation placed aggregate number home equity conversion mortgages insured act authorizes secretary insure home equity conversion mortgage primary purpose enable elderly mortgagor purchase one- family dwelling mortgagor occupy units directs secretary establish specified limits origination fee charged mortgagor study report congress mortgage insurance premiums charged insurance home equity conversion mortgages determine effects reducing premiums costs mortgagors financial soundness program sec revises requirements participation mortgage brokers correspondent lenders mortgage insurance program mortgage insurance eligibility criteria extends meaning mortgagee mortgage brokers correspondent lenders post bond indexed annually determined secretary lieu existing net worth annual audit requirements directs comptroller general study report congress effect revised requirements increased participation mortgage brokers correspondent lenders mortgage insurance programs act sec authorizes secretary enter agreements certain period insure certain mortgages single family residence located major disaster area sec establishes penalties failure mortgage escrow account servicer required payments escrow accounts taxes insurance premiums charges case hud insured mortgage one- family residence prohibits secretary submitting information consumer reporting agency failure adverse mortgagor credit rating interest sec restricts acceptable forms identification fha mortgagors social security card photo identification real act identification passport identification card sec directs secretary implement pilot program establish automated process borrowers sufficient credit history directs comptroller general report congress number additional mortgagors served automated process impact process insurance mortgages pursuant safety soundness insurance funds act mortgages obligations sec expresses sense congress secretary report congress use portion funds received premiums paid fha single family housing mortgage insurance excess amounts paid claims increase substantially funding fha technology bring level technology conventional mortgage lending market sec increases maximum fha multifamily housing mortgage limits high cost areas basic loan limit project project basis sec authorizes appropriations fy2008 discount sales multifamily real properties sec exempts requirements limitations prohibitions subtitle title deficit reduction act amendments title multifamily real property transaction secretary received act enactment written interest purchasing property city government housing commission secretary acquires title property foreclosure sale receipt interest city government housing commission resolved previous disagreement respect disposition property sec amends deficit reduction act prohibit secretary selling multifamily real property discount sale fy2011 multifamily loan discount loan sale fiscal year property loan sold equal greater property market value loan market value respectively sec authorizes appropriations negative credit subsidy mortgage insurance programs resulting act single family housing mortgage insurance housing counseling mortgage insurance technology procedures processes program performance salaries affordable housing fund conditions authorization fiscal year certification secretary mortgage insurance premiums charged established minimum sufficient comply requirements mmi capital ratio ensure safety soundness mortgage insurance funds act requires negative credit subsidy ensure adequately efficient delivery availability mortgage insurance programs requires secretary study report congress best update upgrade mortgage insurance program procedures technologies policies procedures originating insuring servicing mortgages conform customarily secondary market purchasers residential mortgage loans sec sets limitations mortgage insurance premium increases sec amends national housing act establish civil money penalties improperly influencing property appraisals sec instructs secretary provide refunds unearned premium charges paid mortgage insurance behalf refund eligible mortgagors mortgages closed december endorsed date authorizes appropriations


Summary: Housing Assistance Council Authorization Act of 2007 - Authorizes the Secretary of Housing and Urban Development to provide financial assistance to the Housing Assistance Council to develop the capacity of community-based housing development organizations to undertake community development and affordable housing projects and programs in rural areas. Authorizes the Council to use such assistance for rural community-based housing development organizations to acquire: (1) technical assistance, training, support, and advice to develop business and administrative capabilities; and (2) loans, grants, or other financial assistance to carry out community development and affordable housing activities for low- and moderate-income families. Authorizes appropriations for FY2008-FY2014.

authorizes secretary housing_and_urban_development provide financial assistance housing_assistance_council develop capacity community based housing development organizations undertake community development affordable housing projects programs rural areas authorizes council use assistance rural community based housing development organizations acquire technical assistance training support advice develop business administrative capabilities loans grants financial assistance carry community development affordable housing activities low- moderate income families authorizes appropriations fy2008 fy2014


Summary: Inactive Reservists Foreclosure Prevention Act of 2007 - Instructs the Secretary of Housing and Urban Development (HUD) to implement a mortgage assistance program through grants and loans for direct mortgage payments for the primary residential property of designated eligible households. Requires such mortgage assistance to be paid monthly directly to the mortgage servicer during the period that a member of the eligible household is serving on active duty for a period of more than 30 days in the Armed Forces, including extensions in the period of such active duty. Sets forth requirements governing: (1) grant assistance, repayment, and repayment in cases of foreclosure; and (2) application procedures.

inactive reservists foreclosure prevention act instructs secretary housing_and_urban_development hud implement mortgage assistance program grants loans direct mortgage payments primary residential property designated eligible households requires mortgage assistance paid monthly directly mortgage servicer period member eligible household serving active duty period days armed_forces including extensions period active duty sets forth requirements governing grant assistance repayment repayment cases foreclosure application procedures


Summary: Amends the Internal Revenue Code to exclude from gross income gain from the sale of certain residential leased-fee interests to a holder of the leasehold right if such holder is: (1) an association of apartment owners of a multi-family residential leasehold property; or (2) a cooperative housing corporation for a residential leasehold property. Terminates such exclusion after 2012.

amends internal revenue code exclude gross income gain sale certain residential leased fee interests holder leasehold right holder association apartment owners multi family residential leasehold property cooperative housing corporation residential leasehold property terminates exclusion


Summary: National Affordable Housing Trust Fund Act of 2007 - Amends the Cranston-Gonzalez National Affordable Housing Act to establish in the Treasury the National Affordable Housing Trust Fund (Fund). Declares that: (1) the Fund shall consist of certain amounts of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation transferred to the Fund under specified law, including Federal Housing Administration (FHA) savings; and (2) all assistance provided from the Fund shall be considered to be federal financial assistance. Sets forth conditions on the use of FHA savings, including: (1) single family housing mortgage insurance; (2) housing counseling; (3) mortgage insurance technology, procedures, processes, program performance, and salaries; (4) exclusion of earnings from the single family mortgage insurance program; and (5) limitation on mortgage insurance premium increases. Sets forth allocations for states, Indian tribes, insular areas, and participating local jurisdictions. Directs the Secretary of Housing and Urban Development (HUD) to: (1) establish a formula to make such allocations based on the relative needs of recipients for funds to increase the supply of decent quality affordable housing; and (2) make a grant to each entity in the amount of such allocation. Requires such formula to be: (1) based upon a comparison of specified factors; and (2) submitted to specified congressional committees. Sets forth a matching requirement. Provides for: (1) state use of local jurisdictions' unused funds; and (2) competitive grants for areas without allocation plans and recipients with insufficient matching contributions. Requires each grantee to: (1) establish an allocation plan for the distribution of Trust Fund grant amounts that meets specified criteria; (2) notify the public and provide an opportunity for public comments regarding such plan; (3) submit the plan for HUD approval; and (4) distribute grant amounts. Authorizes a grantee, with respect to eligible activities involving one- to four-family owner-occupied housing, to give preference in the use of grant amounts to eligible activities relating to affordable housing for first responders, public safety officers, teachers, and other public employees who have family incomes, subject to specified requirements. Sets forth targeting requirements for the following groups: (1) low-income families; (2) extremely low-income families; (3) very poor families; and (4) families above 50% of area median income. Requires HUD to report to Congress regarding such requirements. Specifies prohibited uses of grants amounts, including: (1) political activities; (2) advocacy; and (3) counseling services. Prescribes affordable housing criteria for: (1) rental housing; (2) owner-occupied housing; and (3) priority for families on section 8 rental assistance or public housing waiting list for 12 months or longer. Prescribes requirements for the tracking of funds to ensure grantee and recipient accountability. Directs the Secretary to establish a clearinghouse of information, made available over the Internet, relating to green building techniques to provide grantees and Fund recipients information regarding use of Fund amounts in a manner that increases the efficiency of buildings and their use of energy, water, and materials, and reduces building impacts on human health and the environment, through better siting, design, construction, operation, maintenance, and removal. Declares that nothing in this Act allows any payments for any individual or head of household that is not a legal resident.

amends cranston gonzalez national affordable housing act establish treasury declares fund shall consist certain amounts federal_national_mortgage_association federal_home_loan_mortgage_corporation transferred fund specified law including federal_housing_administration fha savings assistance provided fund shall considered federal financial assistance sets forth conditions use fha savings including single family housing mortgage insurance housing counseling mortgage insurance technology procedures processes program performance salaries exclusion earnings single family mortgage insurance program limitation mortgage insurance premium increases sets forth allocations states indian tribes insular areas participating local jurisdictions directs secretary housing_and_urban_development hud establish formula allocations based relative needs recipients funds increase supply decent quality affordable housing grant entity allocation requires formula based comparison specified factors submitted specified congressional committees sets forth matching requirement provides state use local jurisdictions unused funds competitive grants areas allocation plans recipients insufficient matching contributions requires grantee establish allocation plan distribution trust_fund grant amounts meets specified criteria notify public provide opportunity public comments plan submit plan hud approval distribute grant amounts authorizes grantee respect eligible activities involving one- family owner occupied housing preference use grant amounts eligible activities relating affordable housing responders public safety officers teachers public employees family incomes subject specified requirements sets forth targeting requirements following groups low income families extremely low income families poor families families area median income requires hud report congress requirements specifies prohibited uses grants amounts including political activities advocacy counseling services prescribes affordable housing criteria rental housing owner occupied housing priority families section rental assistance public housing waiting list months longer prescribes requirements tracking funds ensure grantee recipient accountability directs secretary establish clearinghouse information available internet relating green building techniques provide grantees fund recipients information use fund amounts manner increases efficiency buildings use energy water materials reduces building impacts human health environment better siting design construction operation maintenance removal declares act allows payments individual head household legal resident