S. 595 · 108th Congress
Housing Bond and Credit Modernization and Fairness Act of 2003
- Stage
- In committee
- Sponsor
- Orrin Hatch
- Introduced
- 2003-03-11
- Latest action
- 2003-03-11 · Introduced in Senate
Summary
Housing Bond and Credit Modernization and Fairness Act of 2003 - Amends the Internal Revenue Code to: (1) repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds; (2) modify the purchase price limitation under mortgage subsidy bond rules based on median family income; and (3) define the term "area median gross income" for low-income housing credit projects.