IIB 

108TH CONGRESS 

2D SESSION H. R. 4363 

IN THE SENATE OF THE UNITED STATES 

JUNE 22, 2004 

Received; read twice and referred to the Committee on Banking, Housing, and 

Urban Affairs 

AN ACT 

To facilitate self-help housing homeownership opportunities. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 
2 

HR 4363 RFS 

1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Helping Hands for 

3 Homeownership Act of 2004’’. 

4 SEC. 2. ASSISTANCE FOR SELF-HELP HOUSING PROVIDERS. 

5 Paragraph (1) of section 11(b) of the Housing Op6 portunity Program Extension Act of 1996 (42 U.S.C. 

7 12805 note) is amended by striking ‘‘dwelling’’ and insert8 ing ‘‘dwellings’’. 

9 SEC. 3. DESIGNATION OF DOUG BEREUTER SECTION 502 

10 SINGLE FAMILY HOUSING LOAN GUARANTEE 

11 PROGRAM. 

12 (a) CONGRESSIONAL FINDINGS.—The Congress finds 

13 that— 

14 (1) the Cranston-Gonzalez National Affordable 

15 Housing Act, enacted November 28, 1990, estab16 lished the section 502 single family housing loan 

17 guarantee program of the Rural Housing Service of 

18 the United States Department of Agriculture; 

19 (2) Congressman Doug Bereuter of Nebraska 

20 was the legislative author of the single family hous21 ing loan guarantee program; 

22 (3) 316,625 single family loans have been guar23 anteed under the program since its implementation 

24 in 1991; 

25 (4) the program facilitates home ownership for 

26 low- to moderate-income borrowers in rural areas 
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HR 4363 RFS 

1 and nonmetropolitan communities who are unable to 

2 obtain conventional home mortgage financing; and 

3 (5) in 2003, the average income of a borrower 

4 with a loan guaranteed under the section 502 guar5 antee program was $34,124. 

6 (b) DESIGNATION.—Subsection (h) of section 502 of 

7 the Housing Act of 1949 (42 U.S.C. 1472(h)) is amend8 ed— 

9 (1) by redesignating paragraphs (1) through 

10 (13) as paragraphs (2) through (14), respectively; 

11 (2) by inserting before paragraph (2) (as so re12 designated) the following new paragraph: 

13 ‘‘(1) SHORT TITLE.—This subsection may be 

14 cited as the ‘Doug Bereuter Section 502 Single 

15 Family Housing Loan Guarantee Act’.’’; and 

16 (3) by striking the subsection designation and 

17 heading and inserting the following: 

18 ‘‘(h) DOUG BEREUTER SECTION 502 SINGLE FAMILY

19 HOUSING LOAN GUARANTEE PROGRAM.—’’. 

20 (c) CONFORMING AMENDMENTS.—Subsection (h) of 

21 section 502 of the Housing Act of 1949 (42 U.S.C. 

22 1472(h)), as amended by section 2 of this Act, is further 

23 amended— 

24 (1) in paragraph (5)(A), by striking ‘‘paragraph 

25 (12)(A)’’ and inserting ‘‘paragraph (13)’’; and 
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1 (2) in paragraph (14)— 

2 (A) in subparagraph (A), by striking 

3 ‘‘GENERAL’’ and inserting ‘‘GENERAL’’; and 

4 (B) in subparagraph (E)— 

5 (i) by striking ‘‘paragraph (1) and 

6 paragraphs (2), (5), (6)(A), (7), and (9)’’ 

7 and inserting ‘‘paragraph (2) and para8 graphs (3), (6), (7)(A), (8), and (10)’’; and 

9 (ii) by striking ‘‘paragraphs (1) 

10 through (12)’’ and inserting ‘‘paragraphs 

11 (2) through (13)’’. 

Passed the House of Representatives June 21, 2004. 

Attest: JEFF TRANDAHL, 

Clerk.