S.Amdt. 1550
What it does: Adds SEC. ____. LOW-INCOME HOMEOWNERSHIP AND AFFORDABLE HOUSING CONSIDERATIONS wherever appropriate
Sen. John Cornyn (R-TX)What it changes
1 change to S. 2657
Adds SEC. ____. LOW-INCOME HOMEOWNERSHIP AND AFFORDABLE HOUSING CONSIDERATIONS wherever appropriate
Adds a sectionInserted: SEC. ____. LOW-INCOME HOMEOWNERSHIP AND AFFORDABLE HOUSING CONSIDERATIONS.
Inserted: Prior to establishing and revising building code targets, the Secretary, in consultation with the Secretary of Housing and Urban Development, as appropriate, shall certify that achieving the proposed targets will not increase--
Inserted: (1) the cost of homeownership for individuals and households who are otherwise eligible for public housing assistance; or
Inserted: (2) costs to multifamily buildings participating in Federal assistance or loan guarantee programs, including--
Inserted: (A) a multifamily building in a public housing project;
Inserted: (B) a multifamily building in a multifamily housing project receiving rental assistance under subsection (b) of section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) that is attached to the structure pursuant to subsection (d)(2) of that section; and
Inserted: (C) a multifamily building for which the mortgage secured by the building is guaranteed by the Department of Housing and Urban Development.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
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As printed
SA 1550. Mr. CORNYN submitted an amendment intended to be proposed by him to the bill S. 2657, to support innovation in advanced geothermal research and development, and for other purposes; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. ____. LOW-INCOME HOMEOWNERSHIP AND AFFORDABLE HOUSING CONSIDERATIONS.
Prior to establishing and revising building code targets, the Secretary, in consultation with the Secretary of Housing and Urban Development, as appropriate, shall certify that achieving the proposed targets will not increase--
(1) the cost of homeownership for individuals and households who are otherwise eligible for public housing assistance; or
(2) costs to multifamily buildings participating in Federal assistance or loan guarantee programs, including--
(A) a multifamily building in a public housing project;
(B) a multifamily building in a multifamily housing project receiving rental assistance under subsection (b) of section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f) that is attached to the structure pursuant to subsection (d)(2) of that section; and
(C) a multifamily building for which the mortgage secured by the building is guaranteed by the Department of Housing and Urban Development.
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Senate amendment submitted
March 9, 2020