American Dream Downpayment Act
Latest action. Became public lawWhat a bill becomes when enacted, numbered by Congress and order of enactment: Public Law 119-4 is the 4th law of the 119th Congress.Read the full definition (opens a new tab) No: 108-186.
(This measure has not been amended since it was passed by the Senate on November 24, 2003. The summary of that version is repeated here.)
Title I: Downpayment Assistance - American Dream Downpayment Act - (Sec. 102) Amends the Cranston-Gonzalez National Affordable Housing Act to: (1) authorize the Secretary of Housing and Urban Development to make grants to State and local participating jurisdictions for downpayment assistance and related home repair to low-income, first-time home buyers; and (2) limit family assistance to the greater of six percent of the purchase price or $10,000. Requires a participating jurisdiction to include intended grant uses in its fiscal year comprehensive housing affordability strategy under such Act.
Sets forth State and local jurisdiction allocation formulas. Permits fund reallocation.
Requires the Comptroller General to report respecting the impact of such grants on a State-by-State basis.
Terminates grant authority after December 31, 2007. Authorizes specified FY 2004 through 2007 appropriations.
Makes the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 inapplicable to such assistance.
Title II: Intergenerational Housing Assistance - Living Equitably: Grandparents Aiding Children and Youth Act of 2003, or LEGACY Act of 2003 - (Sec. 203) Directs the Secretary to: (1) carry out a five-year pilot program in connection with the supportive housing program to provide assistance to private nonprofit organizations for expanding the supply of intergenerational dwelling units for intergenerational families (families headed by an elderly person); and (2) report on such program's effectiveness. Authorizes specified appropriations.
(Sec. 204) Amends the Department of Housing and Urban Development Act to provide Department of Housing and Urban Development personnel with related training.
(Sec. 205) Directs the Secretary and the Director of the Bureau of the Census to conduct a joint study of such families' housing needs.
Title III: Adjustable Rate Single Family Mortgages and Loan Limit Adjustments - (Sec. 301) Revises certain fixed-interest criteria for adjustable rate single-family mortgages which are insurable by the Federal Housing Administration.
The summary continues for 13 more paragraphs. Read it in full on Congress.gov
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Public Law" stage on December 16, 2003. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
This bill has been enacted. It is law.
The record's latest action, on December 16, 2003: Became Public Law No: 108-186.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
A. ALLARD (R-CO) introduced it on April 8, 2003, and 9 members have since signed on as cosponsors.
They are 9 Republicans.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- SenatePassed
- HousePassed
- PresidentSigned into law