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- H.R.5409
H.R.5409: Residential Construction Lending Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about housing and community development
- Introduced May 26, 2010
- Latest Major Action May 26, 2010
Bill Sponsor
Bill Cosponsors
11 (All Democrats)
Bill Summary
Residential Construction Lending Act - Establishes within the Department of the Treasury a three-year Residential Construction Loan Guarantee Program to guarantee loans made to eligible home building companies for viable building projects. Directs the Secretary of the Treasury to: (1) approve any insured depository institution submitting a full and complete application for participation in the Program; (2) guarantee the loans on a...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Financial Services.
|
|
| May 26, 2010 |
Introduced in the House by Brad Miller (D-N.C.) |