S. 2597 · 109th Congress
Federal Housing Fairness Act of 2006
- Stage
- In committee
- Sponsor
- Hillary Clinton
- Introduced
- 2006-04-07
- Latest action
- 2006-04-07 · Introduced in Senate
Summary
Federal Housing Fairness Act of 2006 - Amends the National Housing Act to revise eligibility requirements for Federal Housing Administration (FHA) single family mortgage insurance to increase the maximum principal obligation to the lesser of: (1) 100% (currently 95%) of the median single-family house price in the area; or (2) 100% (currently 87%) of the alternative the dollar amount limitation.