II
110th CONGRESS
1st Session
S. 710
IN THE SENATE OF THE UNITED STATES
February 28, 2007
Mr. Inouye (for himself and Mr. Akaka) introduced the following bill; which was read twice and referred to the Committee on Indian Affairs
A BILL
To reauthorize the programs of the Department of Housing and Urban Development for housing assistance for Native Hawaiians.
Short title
This Act may be cited as the
Hawaiian Homeownership Opportunity Act
of 2007
.
Authorization of appropriations for housing assistance
Section 824 of the
Native American Housing Assistance and Self-Determination Act of 1996 (25
U.S.C. 4243), as added by section 513 of Public Law 106–569 (114 Stat. 2969),
is amended by striking fiscal years
and all that follows and
inserting the following: fiscal years 2008, 2009, 2010, 2011, and
2012.
.
Loan guarantees for Native Hawaiian housing
Section 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13b), as added by section 514 of Public Law 106–569 (114 Stat. 2989), is amended as follows:
Authorization of appropriations
In subsection
(j)(7), by striking fiscal years
and all that follows and
inserting the following: fiscal years 2008, 2009, 2010, 2011, and
2012.
.
Authority
In subsection (b), by striking or as
a result of a lack of access to private financial markets
.
Eligible housing
In subsection (c), by striking paragraph (2) and inserting the following new paragraph:
Eligible housing
The loan will be used to construct, acquire, refinance, or rehabilitate 1- to 4-family dwellings that are standard housing and are located on Hawaiian Home Lands.
.
Eligibility of Department of Hawaiian Home Lands for title VI loan guarantees
Title VI of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4191 et seq.) is amended as follows:
Heading
In the heading for the title, by inserting
and Native
Hawaiian
after tribal
.
Authority and requirements
In section 601 (25 U.S.C. 4191)—
in subsection (a)—
by inserting or by the Department of
Hawaiian Home Lands,
after tribal approval,
; and
by inserting or 810, as
applicable,
after section 202
; and
in subsection (c), by inserting or
VIII, as applicable
before the period at the end.
Security and repayment
In section 602 (25 U.S.C. 4192)—
in subsection (a)—
in the matter preceding paragraph (1), by
striking or housing entity
and inserting , housing
entity, or Department of Hawaiian Home Lands
; and
in paragraph (3)—
by inserting or Department
after tribe
;
by inserting or VIII, as
applicable,
after title I
; and
by inserting or 811(b), as
applicable
before the semicolon; and
in subsection (b)(2), by striking or
housing entity
and inserting , housing entity, or the Department
of Hawaiian Home Lands
.
Payment of interest
In the first sentence of section 603 (25
U.S.C. 4193), by striking or housing entity
and inserting
, housing entity, or the Department of Hawaiian Home
Lands
.
Authorization of appropriations for credit subsidy
In section 605(b) (25
U.S.C. 4195(b)), by striking 1997 through 2007
and inserting
2008 through 2012
.