National Affordable Housing Trust Fund Act of 2003

H.R. 1077-Hope VI Program Revitalization Act of 2003 amends the United States Housing Act of 1937 to extend and authorize appropriations for the HOPE VI revitalization program. Revises grant selection criteria. H.R. 1102-National Affordable Housing Trust Fund Act would fund a new federal housing production program utilizing excess FHA and Ginnie Mae revenues to meet the goal of 1.5 million units of housing by 2010. H.R. 1276/S. 811-American Dream Downpayment Act will provide $200 million in grants to help homebuyers with downpayment and closing costs, assisting 40,000 families annually achieve the dream of homeownership. H.R. 1614 Hope VI Program Reauthorization and Small Community Mainstreet Rejuvenation and Housing Act of 2003-(Sec.2) Amends the United States Housing Act of 1937 to revise criteria for Hope VI grants, including addition of criteria regarding tenant displacement, existing tenant occupancy priority, and timelines of project completion. H.R. 1985/S. 1714-FHA Multi-Family Loan Limit Adjustment Act would increase affordable housing availability for low- and moderate-income families. The bill would allow HUD to increase multi-family mortgage loan limits for FHA insured properties. S. 602-New Homestead Act would create financial incentives for individuals who choose to live in and help preserve small rural towns. HUD's initiative on removal of regulatory barriers: proposals for incentive criteria on barrier removal in HUD's funding allocations, Docket No. FR-4882-N-01. HUD's proposed raising of the 2005-2008 housing goals for Fannie Mae and Freddie Mac for low- and moderate-income homebuyers, special affordable, and underserved areas.

Client expense: $60,000 · Firm income: Not reported

Government targets: Defense, Dept of (DOD), Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of

H.R. 1077 - Hope VI Program Revitalization Act of 2003-Amends the United States Housing Act of 1937 to extend and authorize appropriations for the HOPE VI revitalization program. Revises grant selection criteria. H.R. 1102 - National Affordable Housing Trust Fund Act would fund a new federal housing production program utilizing excess FHA and Ginnie Mae revenues to meet the goal of 1.5 million units of housing by 2010. H.R. 1276 / S. 811 - American Dream Downpayment Act would provide $200 million in Grants to help homebuyers with downpayment and closing costs, assisting 40,000 families annually achieve the dream of homeownership. S. 1508 - Federal Enterprise Regulation Reform would abolish Fannie Mae's and Freddie Mac's current safety-and-soundness regulator under HUD, and establish a new regulator under the U.S. Department of the Treasury. H.R. 1614 - -Hope VI Program Reauthorization and Small Community Mainstreet Rejuvenation and Housing Act of 2003-(Sec.2) Amends the United States Housing Act of 1937 to revise criteria for Hope VI grants, including addition of criteria regarding tenantdisplacement, existing tenant occupancy priority, and timelines of project completion. H.R. 1985 / S. 1714 - FHA Multi-Family Loan Limit Adjustment Act would increase affordable housing availability for low- and moderate-income families. The bill would allow HUD to increase multi-family mortgage loan limits for FHA insured properties. H.R. 3507 - Improving Homeownership in High Cost Areas, this bill would increase the conforming loan limit for states with a Statistical Metropolitan Area above the regular conforming loan limit. S. 602 - New Homestead Act would create financial incentives for individuals who choose to live in and help preserve small rural towns. The FY04 Budget Request that would convert Section 8 Housing Choice Voucher program to a state-run block grant called Housing Assistance for Needy Families.

Client expense: $60,000 · Firm income: Not reported

Government targets: Federal Communications Commission (FCC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), SENATE, Treasury, Dept of