Sponsor: Representative Barney Frank D-MA
Date Introduced: June 28, 2007
Last Action: 10/10/2007 Passed in the House, as amended
Status: 06/06/2007 Introduced in the House 10/10/2007 Reported in the House, as amended 10/10/2007 Considered in the House 10/10/2007 Passed in the House, as amended
Synopsis: A bill to establish the National Affordable Housing Trust Fund in the Treasury of the United States to provide for the construction, rehabilitation, and preservation of decent, safe, and affordable housing for low-income families.
Actions: Committee Referrals: 06/28/2007 House Committee on Financial Services
Legislative Chronology:
1st Session Activity:06/28/2007 153 Cong Rec H 7430 Referred to the House Committee on Financial Services.
07/18/2007 153 Cong Rec D 1014 Hearing held by House Committee on Energy and Commerce
07/26/2007 153 Cong Rec D 1068 Ordered reported, as amended, by House Committee on Financial Services
10/02/2007 153 Cong Rec H 11170 Report filed, as amended, by House Committee on Financial Services (H. Rpt. 110-362)
10/10/2007 153 Cong Rec H 11397 Remarks by Rep. Solis (D-CA)
10/10/2007 153 Cong Rec H 11415 House resolved itself into the Committee of the Whole House on the state of the Union for consideration of the measure
10/10/2007 153 Cong Rec H 11415 House considered
10/10/2007 153 Cong Rec H 11425 House agreed to the amendment in the nature of a substitute recommended by the Committee on Financial Services (pursuant to rule)
10/10/2007 153 Cong Rec H 11430 Amendment No. 1 (printed in H. Rept. 110-369) offered by Rep. Frank (D-MA) to establish a state minimum allocation percentage, under which every state will receive at least one half of one percent (.5%) of the total funds available each year that are allocated to states, Indian Tribes, and insular areas; allocations to all other states would be reduced pro rata to bring these states up to this .5% minimum; the amendment also provides that the local jurisdiction in each state that is slated to receive the largest amount by formula in such state would be entitled to receive such funds directly (notwithstanding the bill’s provision that jurisdictions entitled to their state in any year that nationwide funding is less than $2 billion); the amendment includes a technical clarification to ensure that the mixed income limitation capping the number of units initially rented to extremely low income families at 50% applies to all of the units in a project (not just those units assisted by trust fund dollars); the amendment provides that the exception to the mixed income rule applies to all ‘elderly only’ projects, not just those projects of 25 or fewer units.
10/10/2007 153 Cong Rec H 11431 Amendment No. 2 (printed in H. Rept. 110-369) offered by Rep. Frank (D-MA) to add additional flexibility to permitted fund uses by allowing a grantee to use up to 10% of their funds for project operating accounts to cover shortfalls for projects assisted with trust fund dollars in order to facilitate affordability for families below the SSI income limit.
10/10/2007 153 Cong Rec H 11432 House agreed to Frank Amendment No. 2 (by voice vote)
10/10/2007 153 Cong Rec H 11432 Amendment No. 3 (printed in H. Rept. 110-369) offered by Rep. Hastings (D-FL) to amend the Affordable Housing Trust Fund homeownership counseling criteria to include flood or other disaster specific insurance in applicable regions.
10/10/2007 153 Cong Rec H 11432 House agreed to Hastings Amendment No. 3 (by voice vote)
10/10/2007 153 Cong Rec H 11432 Amendment No. 4 (printed in H. Rept. 110-369) offered by Rep. Frank (D-MA) to include among the factors for consideration in selecting applicants to receive Trust Fund grant amounts a consideration of the extent to which the design, construction, and operation of the housing reduces utility costs for residents.
10/10/2007 153 Cong Rec H 11433 House agreed to Frank Amendment No. 4 (by voice vote)
10/10/2007 153 Cong Rec H 11433 Amendment No. 5 (printed in H. Rept. 110-369) offered by Rep. Frank (D-MA) to allow grantees to give preference to public employees, including first responders and teachers, who cannot afford to live in high-cost areas. these workers have to meet the income eligibility requirements stated in the text of H.R. 2895.
10/10/2007 153 Cong Rec H 11433 House agreed to Frank Amendment No. 5 (by voice vote)
10/10/2007 153 Cong Rec H 11433 Amendment No. 6 (printed in H. Rept. 110-369) offered by Rep. Frank (D-MA) to direct the Secretary of Housing and Urban Development to establish an internet-based ‘Green Housing Clearinghouse’ including best practices, technical recommendations and other informational material regarding green building techniques. Additionally, grantees would be required to self-certify how many of the total units they built with money from the national affordable housing trust fund were green.
10/10/2007 153 Cong Rec H 11434 House agreed to Frank Amendment No. 6 (by voice vote)
10/10/2007 153 Cong Rec H 11434 Amendment No. 7 (printed in H. Rept. 110-369) offered by Rep. Frank (D-MA) to provide that, for the purpose of increasing accountability, previous grant recipients applying for new grants must include in their applications progress reports for projects for which they used funds in the previous fiscal year.
10/10/2007 153 Cong Rec H 11434 House agreed to Frank Amendment No. 7 (by voice vote)
10/10/2007 153 Cong Rec H 11434 Amendment No. 8 (printed in H. Rept. 110-369) offered by Rep. Neugebauer (R-TX) to establish a National Affordable Housing Grant Fund program within the HOME program, which is currently administered through the U.S. Department of Housing and Urban Development.
10/10/2007 153 Cong Rec H 11441 House agreed to Frank Amendment No. 1, by 418 yeas to 2 nays (Roll No. 955)
10/10/2007 153 Cong Rec H 11442 House rejected Neugebauer Amendment No. 8, by 163 yeas to 257 nays (Roll No. 956)
10/10/2007 153 Cong Rec H 11443 Committee of the Whole House on the state of the Union rose
10/10/2007 153 Cong Rec H 11443 Motion offered by Rep. Musgrave (R-CO) to recommit the bill to the Committee on Financial Services with instructions to report the same back to the House promptly with amendments
10/10/2007 153 Cong Rec H 11445 House rejected the Musgrave motion, by 199 yeas to 218 nays (Roll No. 957)
10/10/2007 153 Cong Rec H 11445 House passed, as amended, by 264 yeas to 148 nays (Roll No. 958)
10/10/2007 153 Cong Rec H 11446 Remarks by Rep. Johnson (R-IL)
10/10/2007 153 Cong Rec H 11464 Remarks by Rep. Eddie Bernice Johnson (D-TX)
10/12/2007 153 Cong Rec E 2123 Remarks by Rep. Shuster (R-PA)
10/15/2007 153 Cong Rec S 12862 Referred to the Senate Committee on Banking, Housing, and Urban Affairs
10/15/2007 153 Cong Rec E 2133 Remarks by Rep. Cooper (D-TN)
10/16/2007 153 Cong Rec E 2148 Remarks by Rep. Reichert (R-WA)
10/16/2007 153 Cong Rec E 2151 Remarks by Rep. Loebsack (D-IA)
10/17/2007 153 Cong Rec E 2164 Remarks by Rep. Maloney (D-NY)
