H.R. 3422, To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to ensure that certain tenants are able to return to affordable housing after a major disaster

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H.R. 3422 would amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act to ensure that certain tenants are able to return to affordable housing after a major disaster.

Detailed Summary

Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to authorize the President to provide assistance to a person who owns or operates a rental dwelling unit damaged or destroyed by a major disaster for that unit's repair, restoration, reconstruction, or replacement if: (1) before the disaster the unit was made available for occupancy only by low- or moderate-income tenants; (2) the person will continue, for a specified minimum period, to make available rental dwelling units for occupancy only by such tenants; and (3) the person has applied for a disaster loan under the Small Business Act and either has been determined to be ineligible for such a loan or has obtained such a loan in the maximum amount for which the Small Business Administration (SBA) determines the person is eligible.

Status of the Legislation

Latest Major Action: 8/4/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.

Points in Favor

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Points Against

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