| Home > 105th Congressional Bills > H.R. 4110 (rfs) To provide a cost-of-living adjustment in rates of compensation paid to veterans with service-connected disabilities, to make various improvements in education, housing, and cemetery programs of the Department of Veterans Affairs, and for...
H.R. 4110 (rfs) To provide a cost-of-living adjustment in rates of compensation paid to veterans with service-connected disabilities, to make various improvements in education, housing, and cemetery programs of the Department of Veterans Affairs, and for...
H. R. 4110
To facilitate homeownership in high-cost areas.
IN THE HOUSE OF REPRESENTATIVES
April 1, 2004
Mr. Gary G. Miller of California (for himself and Mr. Frank of
Massachusetts) introduced the following bill; which was referred to the
Committee on Financial Services
To facilitate homeownership in high-cost areas.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``FHA Single Family Loan Limit
Adjustment Act of 2004''.
SEC. 2. FHA SINGLE FAMILY HOUSING MAXIMUM MORTGAGE LIMIT.
Section 203(b)(2)(A) of the National Housing Act (12 U.S.C.
1709(b)(2)(A)) is amended--
(1) in clause (i)--
(A) by striking ``95 percent'' and inserting ``100
(B) by striking ``or'' at the end;
(2) in clause (ii)--
(A) by striking ``87 percent of the dollar amount
limitation determined under section 305(a)(2) of the
Federal Home Loan Mortgage Corporation Act for a
residence of the applicable size;''; and
(B) by striking ``for Fiscal Year'' and inserting a
(3) by transferring and inserting the text of clause (ii)
(as so amended) into clause (i) after the semicolon at the end;
(4) by striking clause (ii);
(5) by striking ``(i)'' and inserting ``(A) not to
(6) by striking ``(A) not to exceed the lesser of--''; and
(7) by realigning subparagraph (A) (as so redesignated by
paragraph (5) of this subsection), so as to be indented 4 ems
from the left margin.
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