Knowledge (XXG)

Housing and Community Development Act of 1987

Source ๐Ÿ“

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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
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An Act to amend and extend certain laws relating to housing, community and neighborhood development and preservation, and related programs, and for other purposes.
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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 NHOP ceased operation in 1991 when it was repealed by section 289 of the Cranston-Gonzalez National Affordable Housing Act of 1990 (42 USC 12839).
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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.
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Home Equity Conversion Mortgages (HECM) better known as a
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Emergency Low Income Housing Preservation Act of 1987
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This United States federal legislation article is a
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Index

Great Seal of the United States
100th United States Congress
100-242
Statutes at Large
Stat.
1815
42 U.S.C.: Public Health and Social Welfare
42 U.S.C.
ch. 69
Legislative history
S. 825
William Proxmire
D
WI
Senate Banking, Housing, and Urban Affairs
House Banking, Finance, and Urban Affairs
71-27
391-1
391-2
Ronald Reagan
United States federal law
Housing Act of 1937
FHA
home equity conversion loan
reverse mortgage
legislation
Housing and Community Development Act of 1977
Housing and Community Development Act of 1992
"Home Equity Conversion Mortgages (HECM)"
Stub icon

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