Detailed Summary

Housing Assistance Council Authorization Act of 2007 - Authorizes the Secretary of Housing and Urban Development to provide financial assistance to the Housing Assistance Council to develop the capacity of community-based housing development organizations to undertake community development and affordable housing projects and programs in rural areas.

Authorizes the Council to use such assistance for rural community-based housing development organizations to acquire: (1) technical assistance, training, support, and advice to develop business and administrative capabilities; and (2) loans, grants, or other financial assistance to carry out community development and affordable housing activities for low- and moderate-income families.

Status of the Legislation

Latest Major Action: 5/22/2007: Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Points in Favor

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Points Against

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