U.S. Congress - H.R.379 Community Partners Next Door Act of 2011
H.R.379 - Community Partners Next Door Act of 2011
To assist teachers and public safety officers in obtaining affordable housing. view all titles (2)
All Bill Titles
- Short: Community Partners Next Door Act of 2011 as introduced.
- Official: To assist teachers and public safety officers in obtaining affordable housing. as introduced.
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Official Summary
1/20/2011--Introduced.Community Partners Next Door Act of 2011 - Amends the National Housing Act to provide: (1) a 50% discount for teachers, teacher assistants, administrators, and public safety officers purchasing certain eligible asset properties for use as their primary residence; (2)Official Summary
1/20/2011--Introduced.Community Partners Next Door Act of 2011 - Amends the National Housing Act to provide:(1) a 50% discount for teachers, teacher assistants, administrators, and public safety officers purchasing certain eligible asset properties for use as their primary residence;
(2) a $100 downpayment on any related insured mortgage; and
(3) a higher Federal Housing Administration (FHA) loan limit for such purchases in high-cost areas. Authorizes such sales directly to a qualifying individual or to a unit of local government or a nonprofit organization for resale to such individual. Directs the Secretary of Housing and Urban Development (HUD) to carry out a program to inform teachers and public safety officers about such program.
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