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Housing and Community Development Act of 1992 was first introduced to the 102nd Congress on June 5, 1992, and was signed and made law by President George H. W. Bush on October 28, 1992. Also known as "The 1992 Act", the bill amended a number of housing, banking, and drug abuse laws. It amended The United States Housing Act of 1937. [1]
In 1990, President George H. W. Bush signed the Cranston-Gonzalez National Affordable Housing Act (NAHA), which furthered the use of HOME funds for rental assistance. In his address upon its passage, Bush said, "Although the Federal Government currently serves about 4.3 million low-income families, there are about 4 million additional families ...
The Housing and Community Development Act of 1992 established an affordable housing loan purchase mandate for Fannie Mae and Freddie Mac, and that mandate was to be regulated by HUD. Initially, the 1992 legislation required that 30 percent or more of Fannie's and Freddie's loan purchases be related to affordable housing.
New York City has a shortage of affordable housing resulting in overcrowding and homelessness. New York City attracts thousands of new residents each year and housing prices continue to climb. Finding affordable housing affects a large portion of the city's population including low-income, moderate-income, and even median income families. [62]
The Affordable Homes Act is expected to produce 40,000 to 45,000 new housing units and preserve 27,000 affordable housing units across the state in the next four to five years.
The Crantston-Gonzalez National Affordable Housing Act of 1990 was created to help families that did not own homes to make down-payments for purchasing homes, expand on the supply of affordable housing for low-income families, and promote cooperation between all levels of government and the private sector in this expansion. [45]
Nebraska, Utah, Texas and a dozen other states have teamed up to fight the federal government’s energy efficiency standards that officials there say make affordable housing more expensive. Some ...
Among the AHA’s funding is $1.6 billion in capital reauthorization for repairing and modernizing public housing, $800 million for the state’s Affordable Housing Trust Fund, $275 million to ...