* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*
CITY OF BALTIMORE
COUNCIL BILL R
(Resolution)
Introduced by: President Rawlings-Blake
A RESOLUTION ENTITLED
A COUNCIL RESOLUTION concerning
Title
In Support of Federal Legislation - The National Affordable Housing Trust Fund Act of 2007
FOR the purpose of commending the U.S. House of Representatives for passing the National Affordable Housing Trust Fund Act of 2007 that will expand federal housing programs to produce, rehabilitate, and preserve 1.5 million housing units over the next 10 years; urging the Honorable Chair and Members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs to act favorably on the legislation; and exhorting the Honorable Members of the Maryland Delegation to the 110th Congress to secure adoption of the National Affordable Housing Trust Fund Act of 2007.
Body
Recitals
The U.S. House of Representatives recently passed the National Affordable Housing Trust Fund Act of 2007, that, if enacted, will be the largest expansion in federal housing programs in decades, providing for the production, rehabilitation, and preservation of 1.5 million housing units over the next 10 years. The bill has been referred to the Senate Committee on Banking, Housing, and Urban Affairs for consideration.
Under the provisions of the Act, 60% of monies will go to participating local jurisdictions, and if the total amount available in any year is less than $2 billion, there is a $750,000 minimum funding threshold for local jurisdictions; all Trust...
Click here for full text