US SB1326 | 2009-2010 | 111th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on June 23 2009 - 25% progression, died in chamber
Action: 2009-06-23 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]

Summary

Disaster State Housing Recovery Act of 2009 - Amends the American Recovery and Reinvestment Tax Act of 2009 with respect to grants for 2009 to a state housing credit agency for low-income housing projects in lieu of low-income housing credit allocations. Revises the formula for determining a state's low-income housing grant election amount to reflect any increase in the state housing credit ceiling for 2009 attributable to any such ceiling returned to the state in 2009 by reason of the additional low-income housing credit dollar amounts allocated by the state housing credit agency to buildings located in the Gulf Opportunity (GO) Zone (including the Hurricanes Katrina and Ike disaster areas in Alabama, Louisiana, or Mississippi). Requires application of the additional low-income housing credit amount for the GO Zone in the 2009 grant election formula without regard to certain special rules for small timber producers.

Tracking Information

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Title

Disaster State Housing Recovery Act of 2009

Sponsors


History

DateChamberAction
2009-06-23 Read twice and referred to the Committee on Finance.

Same As/Similar To

HB2995 (Same As) 2009-06-23 - Referred to the House Committee on Financial Services.

Subjects


US Congress State Sources


Bill Comments

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