II 

113TH CONGRESS 

2D SESSION S. 2893 

To authorize the use of multifamily housing subject to a mortgage insured 

under section 207 of the National Housing Act as short-term residential 

housing. 

IN THE SENATE OF THE UNITED STATES 

SEPTEMBER 18, 2014 

Mr. MORAN (for himself and Ms. HEITKAMP) introduced the following bill; 

which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 

A BILL 

To authorize the use of multifamily housing subject to a 

mortgage insured under section 207 of the National 

Housing Act as short-term residential housing. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Workforce Residential 

5 Housing Act of 2014’’. 

6 SEC. 2. SHORT-TERM RESIDENTIAL HOUSING. 

7 (a) IN GENERAL.—Section 513 of the National 

8 Housing Act (12 U.S.C. 1731b) is amended— 

9 (1) in subsection (b)— 


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1 (A) in clause (1), by striking ‘‘or’’ at the 

2 end; and 

3 (B) by inserting before the period at the 

4 end the following: ‘‘, or (3) the project is a 

5 short-term residential property (as such term is 

6 defined in subsection (e) of this section) and is 

7 subject to a mortgage insured under section 

8 207 (12 U.S.C. 1713), provided that the Sec9 retary has made a determination pursuant to 

10 the study and report required under section 

11 2(b) of the Workforce Residential Housing Act 

12 of 2014 that the provision of such insurance is 

13 appropriate’’; and 

14 (2) in subsection (e)— 

15 (A) in clause (1), by striking ‘‘and’’ at the 

16 end; and 

17 (B) by inserting before the period at the 

18 end the following: ‘‘, and (3) the term ‘short19 term residential property’ means multifamily 

20 housing that (A) has more than 50 dwelling 

21 units that each contain a kitchen, including a 

22 full refrigerator and cooking surface, and bath23 room facilities, (B) provides mail boxes for each 

24 unit, (C) rents such units for a minimum stay 

25 of 7 days, and (D) does not provide food or bevVerDate Sep 11 2014 00:09 Oct 02, 2014 Jkt 049200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S2893.IS S2893

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1 erage services, including in-room service, daily 

2 maid services, furnishing and laundering of 

3 linen without charge, or bellhop services’’. 

4 (b) STUDY.— 

5 (1) IN GENERAL.—Not later than 6 months 

6 after the date of enactment of this Act, the Sec7 retary of Housing and Urban Development shall— 

8 (A) conduct and complete a study evalu9 ating the risk of the provision of insurance 

10 under section 207 of the National Housing Act 

11 (12 U.S.C. 1713) for short-term residential 

12 properties; and 

13 (B) submit a report to the Committee on 

14 Banking, Housing, and Urban Affairs of the 

15 Senate and the Committee on Financial Serv16 ices of the House of Representatives, which 

17 shall include— 

18 (i) the findings of the study required 

19 under subparagraph (A); and 

20 (ii) a determination as to whether any 

21 additional risk presented to the General 

22 Insurance Fund resulting from the provi23 sion of insurance under section 207 of the 

24 National Housing Act (12 U.S.C. 1713) 


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1 for short-term residential properties is ap2 propriate. 

3 (2) CONTENTS OF STUDY.—In conducting the 

4 study required under paragraph (1)(A), the Sec5 retary of Housing and Urban Development shall— 

6 (A) evaluate whether the provision of in7 surance under section 207 of the National 

8 Housing Act (12 U.S.C. 1713) for short-term 

9 residential properties presents any additional 

10 risk to the General Insurance Fund; and 

11 (B) consider any additional operational 

12 and logistical costs associated with providing 

13 such insurance. 

14 (3) DEFINITIONS.—In this subsection— 

15 (A) the term ‘‘General Insurance Fund’’ 

16 means the fund established under section 519 

17 of the National Housing Act (12 U.S.C. 

18 1735c); and 

19 (B) the term ‘‘short-term residential prop20 erties’’ has the meaning given the term under 

21 section 513(e)(3) of the National Housing Act 

22 (12 U.S.C. 1731b(e)(3)), as added by sub23 section (a). 

Æ 


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