H.R. 6044

Rural Housing and Economic Development Improvement Act of 2006

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I

109th CONGRESS

2d Session

H. R. 6044

IN THE HOUSE OF REPRESENTATIVES

September 7, 2006

Mr. Hinojosa introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To authorize appropriations for the rural housing and economic development program of the Department of Housing and Urban Development.

1.

Short title

This Act may be cited as the Rural Housing and Economic Development Improvement Act of 2006.

2.

Rural housing and economic development assistance

(a)

Use

The Secretary of Housing and Urban Development may carry out a program, through the Office of Rural Housing and Economic Development, to provide assistance to Indian tribes, State housing finance agencies, State community or economic development agencies, local nonprofit organizations and community development corporations in rural areas to support innovative housing and economic development activities in rural areas.

(b)

Authorization of appropriations

There is authorized to be appropriated to the Secretary of Housing and Urban Development for assistance under this section—

(1)

$30,000,000 for fiscal year 2007; and

(2)

$40,000,000 for each of fiscal years 2008, 2009, 2010, 2011, and 2012.