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- S.2597
S.2597: Federal Housing Fairness Act of 2006
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about economics and public finance
- Introduced April 7, 2006
- Latest Major Action April 7, 2006
Bill Sponsor
Bill Summary
Federal Housing Fairness Act of 2006 - Amends the National Housing Act to revise eligibility requirements for Federal Housing Administration (FHA) single family mortgage insurance to increase the maximum principal obligation to the lesser of: (1) 100% (currently 95%) of the median single-family house price in the area; or (2) 100% (currently 87%) of the alternative the dollar amount limitation.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
|
| April 7, 2006 |
Introduced in the Senate by Hillary Rodham Clinton (D-N.Y.) |