Affordable Housing Preservation Act of 2001
Last action on Aug 3, 2001Read twice and referred to the Committee on Banking, Hous...
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Summary
Affordable Housing Preservation Act of 2001 - Directs the Secretary of Housing and Urban Development to make matching grants to States to supplement State and local assistance for the preservation and promotion of low-income housing.
Sets forth eligibility requirements for: (1) projects with Department of Housing and Urban Development-insured mortgages; (2) projects with section 8 project based assistance; (3) projects purchased by residents; and (4) rural rental assistance projects.
Authorizes the Secretary to make grants to qualifying nonprofit entities seeking to acquire and maintain eligible affordable housing.
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