PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Housing and Community Opportunity.
Congressional Research Service
Version 00 · Introduced in House · May 1, 1997
Multifamily Housing Restructuring and Affordability Act of 1997 - Directs the Secretary of Housing and Urban Development to enter into agreements with participating administrative entities (with preference given to State housing finance agencies) to develop and implement mortgage restructuring and rental assistance plans for FHA-insured multifamily housing mortgages in order to: (1) reduce expiring section 8 contracts costs; (2) address troubled projects; and (3) correct management and ownership deficiencies. Includes two-tiered mortgage restructuring among plan incentives. Extends specified provisions relating to public housing and section 8 rental assistance. Amends the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997 to terminate the Federal Housing Administration multifamily housing restructuring demonstration program upon the Secretary's determination that the restructuring program under this Act has been implemented. Terminates program authority as of a specified date.
People & committees
Rep. Pryce, Deborah [R-OH-15] · R–OH
Legislative record
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Referred to the Subcommittee on Housing and Community Opportunity.
Sponsor introductory remarks on measure. (CR E826)
Referred to House Ways and Means
Referred to the Committee on Banking and Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Banking and Financial Services
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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