House Bill 8824
116th Congress(2019-2020)
Federal Financing Bank Risk-Sharing Act of 2020
Introduced
Introduced in House on Nov 27, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
8824
Congress
116
Policy Area
Housing and Community Development
Housing and Community Development
Primary focus of measure is home ownership; housing programs administration and funding; residential rehabilitation; regional planning, rural and urban development; affordable housing; homelessness; housing industry and construction; fair housing. Measures concerning mortgages and mortgage finance may fall under Finance and Financial Sector policy area.
No House votes have been held for this bill.
Summary
Federal Financing Bank Risk-Sharing Act of 2020
This bill requires the Department of Housing and Urban Development and the Department of the Treasury to continue the Federal Financing Bank Risk-Sharing Program. The program provides financing to Housing Finance Agencies to build and maintain affordable housing. Additionally, the bill makes community development financial institutions eligible for the program.
November 27, 2020
11/27/2020
Referred to the House Committee on Financial Services.
11/27/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:14 PM