About: Housing and Community Development Act of 1987

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The Housing and Community Development Act of 1987, P.L. 100-242, 101 Stat. 1815, is a United States federal law which amended the Housing and Community Development Act laws with regards to the Housing Act of 1937. The amendments revised sections of the Act concerning community and neighborhood development, family and single housing, and preservation for low income home owners. The law provided insurance for FHA Home Equity Conversion Mortgages (HECM) better known as a home equity conversion loan or reverse mortgage.

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dbo:abstract	The Housing and Community Development Act of 1987, P.L. 100-242, 101 Stat. 1815, is a United States federal law which amended the Housing and Community Development Act laws with regards to the Housing Act of 1937. The amendments revised sections of the Act concerning community and neighborhood development, family and single housing, and preservation for low income home owners. The law provided insurance for FHA Home Equity Conversion Mortgages (HECM) better known as a home equity conversion loan or reverse mortgage. Title VI of the Act established the Nehemiah Housing Opportunity Grants ("NHOP") program, intended to encourage homeownership by making federal grants to nonprofit organizations who would, in turn, loan funds to low-income families purchasing homes being built or rehabilitated under an approved program. NHOP ceased operation in 1991 when it was repealed by section 289 of the Cranston-Gonzalez National Affordable Housing Act of 1990 (42 USC 12839). The S. 825 legislation was passed by the 100th U.S. Congressional session and signed into law by the 40th President of the United States Ronald Reagan on February 5, 1988. (en)
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dbp:agreedbody	Senate (en)
dbp:agreeddate	1987-12-21 (xsd:date)
dbp:agreedvote	agreed voice vote (en)
dbp:citePublicLaw	100 (xsd:integer)
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dbp:conferencedate	1987-11-06 (xsd:date)
dbp:effectiveDate	1988-02-05 (xsd:date)
dbp:enactedBy	100 (xsd:integer)
dbp:introducedby	William Proxmire (en)
dbp:introduceddate	1987-03-24 (xsd:date)
dbp:introducedin	Senate (en)
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dbp:nickname	Emergency Low Income Housing Preservation Act of 1987 (en)
dbp:othershorttitles	An Act to amend and extend certain laws relating to housing, community and neighborhood development and preservation, and related programs, and for other purposes. (en)
dbp:passedbody	House (en) Senate (en)
dbp:passeddate	1987-03-31 (xsd:date) 1987-06-17 (xsd:date) 1987-11-09 (xsd:date) 1987-12-21 (xsd:date)
dbp:passedvote	71 (xsd:integer) 391 (xsd:integer) passed voice vote (en)
dbp:publicLawUrl	http://www.gpo.gov/fdsys/pkg/STATUTE-101/pdf/STATUTE-101-Pg1815.pdf
dbp:sectionsAmended	§ 5301 (en)
dbp:shorttitle	Housing and Community Development Act of 1987 (en)
dbp:signeddate	1988-02-05 (xsd:date)
dbp:signedpresident	dbr:Ronald_Reagan
dbp:titleAmended	42 (xsd:integer)
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rdfs:comment	The Housing and Community Development Act of 1987, P.L. 100-242, 101 Stat. 1815, is a United States federal law which amended the Housing and Community Development Act laws with regards to the Housing Act of 1937. The amendments revised sections of the Act concerning community and neighborhood development, family and single housing, and preservation for low income home owners. The law provided insurance for FHA Home Equity Conversion Mortgages (HECM) better known as a home equity conversion loan or reverse mortgage. (en)
rdfs:label	Housing and Community Development Act of 1987 (en)
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