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Introduced in House	Passed House	Introduced in Senate	Passed Senate	To President	Became Law
11/21/2019

GROW Affordable Housing Act

Date	Version	PDF	TXT
12/05/2019	Introduced in House	Open
11/21/2019	Introduced in House	Open

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116th CONGRESS
1st Session

H. R. 5223

To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to adjust the affordable housing allocations.

IN THE HOUSE OF REPRESENTATIVES

November 21, 2019

Mrs. Beatty introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to adjust the affordable housing allocations.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short titles.

This Act may be cited as the “Generating Resources and Opportunities Within Affordable Housing Act” or the “GROW Affordable Housing Act”.

SEC. 2. Affordable housing allocations.

Section 1337(a) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4567(a)) is amended by striking “4.2 basis points” each place such term appears and inserting “10 basis points”.

Picture	Name	From	Date	Type
	Joyce Beatty	D-OH	11/21/2019	Sponsor

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Date	Branch	Action
11/21/2019	President	Referred to the House Committee on Financial Services.Action By: House of Representatives
11/21/2019	President	Introduced in HouseAction By: House of Representatives

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Summary
There is one summary for H.R.5223. View summaries Shown Here:Introduced in House (11/21/2019) Generating Resources and Opportunities Within Affordable Housing Act This bill increases the amount of funds the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) must allocate each year to the Housing Trust Fund and the Capital Magnet Fund, both of which support affordable housing and are administered by the Department of Housing and Urban Development.
Shown Here:Introduced in House (11/21/2019) Generating Resources and Opportunities Within Affordable Housing Act This bill increases the amount of funds the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) must allocate each year to the Housing Trust Fund and the Capital Magnet Fund, both of which support affordable housing and are administered by the Department of Housing and Urban Development.

Summary

There is one summary for H.R.5223. View summaries Shown Here:Introduced in House (11/21/2019) Generating Resources and Opportunities Within Affordable Housing Act This bill increases the amount of funds the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) must allocate each year to the Housing Trust Fund and the Capital Magnet Fund, both of which support affordable housing and are administered by the Department of Housing and Urban Development.

Shown Here:Introduced in House (11/21/2019) Generating Resources and Opportunities Within Affordable Housing Act This bill increases the amount of funds the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) must allocate each year to the Housing Trust Fund and the Capital Magnet Fund, both of which support affordable housing and are administered by the Department of Housing and Urban Development.

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H.R.5223

GROW Affordable Housing Act

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