Section 2

Citation: Section 2
Parent Document: Commonwealth of Pennsylvania v. James T. Lynn, Secretary of Housing and Urban Development, 501 F.2d 848 (1974)
Jurisdiction: United States (federal)
Effective Date: 1974-09-25
Original Source: https://www.courtlistener.com/opinion/321083/commonwealth-of-pennsylvania-v-j... ↗

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. The Congress’s intent to concentrate homeownership (and rental) subsidies among lower income beneficiaries is unambiguous. The Administration-supported bill, H.R. 17989, which passed the House, had provided for - “Homeownership for Low and Moderate Income Families.” The Senate bill was enacted after the Conference Committee had substituted much of the House language, but it retained the Senate description of Section 235, “Homeownership for Lower Income Families.” The Congress had already amended the Administration bill by adding income eligibility maxima, and the Conference Committee further tightened these, and added the provision last quoted in the text and another directing the Secretary to report semiannually to a committee of each house on the income levels of families receiving a subsidy. The Conferees also amended the provision for insurance of mortgages executed by non-profit sponsors to finance the purchase, rehabilitation, and resale of homes so as to exclude any but lower income vend-ees. See 12 U.S.C. § 1715z(j) (4) (A). 51

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