Section 202 Supportive Housing for the Elderly Act of 2008

A bill to amend section 202 of the Housing Act of 1959 to improve the program under such section for supportive housing for the elderly, and for other purposes.

3/7/2008--Introduced.
Section 202 Supportive Housing for the Elderly Act of 2008 - Amends the Housing Act of 1959 regarding project rental assistance for supportive housing for the elderly. Changes from discretionary to mandatory the authority of the Secretary of Housing and Urban Development (HUD) to adjust the annual amount of a contract for project rental assistance to provide for reasonable project costs. Directs the Secretary to delegate review and processing of selected capital advance projects to a state or local housing agency meeting specified criteria. States that owner deposits shall be used only to cover operating deficits during the first three years of operations and shall not be used to cover construction shortfalls or inadequate initial project rental assistance amounts. Allows a national private nonprofit organization that owns multiple housing projects assisted under such Act to satisfy the local governing board requirement by having a local advisory board to its national governing board. Requires the Secretary to permit an owner of assisted housing to give a preference in tenant selection to the homeless elderly. Amends the American Homeownership and Economic Opportunity Act of 2000 to revise requirements governing:
(1) prepayment of debt for project-based rental housing assistance programs;
(2) use of unexpended amounts; and
(3) use of project residual receipts. Sets forth requirements governing senior preservation rental assistance contracts in order to:
(1) prevent displacement of elderly project residents in the case of refinancing or recapitalization; and
(2) further project preservation and affordability. Directs the Secretary to carry out a demonstration program to sell to state housing finance agencies portfolios of mortgages associated with loans related to supportive housing for the elderly. Expands the definition of assisted living facility with respect to grants for conversion of elderly housing to such facilities. Amends the United States Housing Act of 1937 with respect to rental assistance on behalf of a family that uses an assisted living facility as a principal place of residence. Provides that a family may be required at the time it initially receives such assistance to pay rent in an amount exceeding 40% of its monthly adjusted income. Prohibits the Secretary from imposing conditions that restrict the use of sale or refinancing proceeds, or require the filing of a financial report, in connection with a sale or refinancing of a multifamily housing project, or the transfer of an assistance contract on such a property, that requires HUD approval unless such condition is:
(1) expressly authorized by an existing contract between the Secretary and the project owner; or
(2) a general condition for new financing with a mortgage insured by the Secretary. Requires the Secretary to establish and operate a national senior housing clearinghouse.


... morehide bill summarySee Full Bill Text

Sponsor

• Sen. Herbert Kohl [D, WI]
• and 8 Co-Sponsors
  • Sen. Sherrod Brown [D, OH]
  • Sen. John Kerry [D, MA]
  • Sen. Patrick Leahy [D, VT]
  • Sen. Carl Levin [D, MI]
  • Sen. Bill Nelson [D, FL]
  • Sen. Bernard Sanders [I, VT]
  • Sen. Charles Schumer [D, NY]
  • Sen. Debbie Ann Stabenow [D, MI]
  close

Committees

• Senate Banking, Housing, and Urban Affairs

Amendments

This bill has no amendments.

Amendments to S.2736

Number	Status	Purpose

Bill Status

Make a Bill Status Widget (Close help)

OpenCongress widgets allow you to display information about bills and issue areas on your own website or blog. First, select which bill or issue you want to track, then customize the appearance of the panel, and finally paste a simple chunk of HTML into your site. Now your community will have an easy, up-to-date way to track the status of important bills and issues in Congress.

Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
March 07, 2008

Show All Actions (3 actions)Hide Actions

All Bill Actions

• Mar 10, 2008: Sponsor introductory remarks on measure. (CR S1814)
• Mar 07, 2008: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
• Introduced on Mar 07, 2008.

---

Related Bills:

• H.R.2930

Data from the Congressional Research Service

Users tracking S.2736 (1) are also tracking:

In the News

We are not currently finding any news articles on this topic using our daily automated search of Google News. However, if you know of a relevant news article to display here, OpenCongress site editors have the ability to add it manually. Simply e-mail us the web address of this page and the web address of your suggested news article: We'll post relevant links as quickly as possible. Also, if this topic is important to you, you could write a letter to the editor -- if a news article refers this specific topic by name, a link to that news article is likely to appear here soon.

Blog Coverage

We are not currently finding any blog posts on this topic using our daily automated searches of Technorati and Google Blog Search. However, if you know of a relevant blog post to display here, OpenCongress site editors have the ability to add it manually. Simply e-mail us the web address of this page and the web address of your suggested blog post: . We'll post relevant links as quickly as possible. Also, if this topic is important to you, you could be the first to blog about it -- if you refer to this specific topic by name, a link to your blog post is likely to appear here soon.

Information made available by: