Bill Type
Congress Name
Long Title
AN ACT TO STRENGTHEN THE NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC) FOR MASS HOUSING ENDEAVORS, AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 1267, AND FOR OTHER PURPOSES
Date filed
November 30, 2005
Scope
Legislative History
| House Bill/Resolution NO. HB04951 | |
| FULL TITLE : AN ACT TO STRENGTHEN THE NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC) FOR MASS HOUSING ENDEAVORS, AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 1267, AND FOR OTHER PURPOSES | |
| ABSTRACT : The bill seeks to increase the capitalization of the National Home Mortgage Finance Corporation and to convert a portion of its loan with the Social Security Service and the Home Development Mutual Fund representing accrued interests into preferred shares. It also increases the appropriation for the Community Mortgage Program to enable it to serve more beneficiaries. | |
| PRINCIPAL AUTHOR/S : ZIALCITA, EDUARDO C. | |
| DATE FILED : 2005-11-30 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Marcoleta | 2. Solis |
| 3. Jaworski | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Transmitted to the Committee on Appropriations on 2006-07-26 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON HOUSING AND URBAN DEVELOPMENT ON 2005-12-06 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON APPROPRIATIONS |
Abstract
The bill seeks to increase the capitalization of the National Home Mortgage Finance Corporation and to convert a portion of its loan with the Social Security Service and the Home Development Mutual Fund representing accrued interests into preferred shares. It also increases the appropriation for the Community Mortgage Program to enable it to serve more beneficiaries.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.