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Union Calendar No. 316 

108TH CONGRESS 

2D SESSION H. R. 4363 

[Report No. 108–546] 

To facilitate self-help housing homeownership opportunities. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 13, 2004 

Mr. GREEN of Wisconsin (for himself, Mr. FORD, Mr. NEY, Mr. KENNEDY

of Minnesota, and Mr. LUCAS of Kentucky) introduced the following bill; 

which was referred to the Committee on Financial Services 

JUNE 16, 2004 

Additional sponsors: Mr. GRIJALVA, Mr. ETHERIDGE, Mr. SOUDER, Ms. HARRIS, Mr. HINOJOSA, Mr. HAYWORTH, Mr. INSLEE, Ms. ROS-LEHTINEN, 

Mr. CANTOR, Mr. OWENS, Mr. MATHESON, Mr. CHOCOLA, Mr. HOLDEN, 

Mr. PAYNE, Ms. BORDALLO, Mr. MURPHY, Mrs. JO ANN DAVIS of Virginia, Mr. SCHROCK, Mr. GILLMOR, Mr. GONZALEZ, Mr. COOPER, Mr. 

GREENWOOD, Mr. OSBORNE, Mr. WALDEN of Oregon, Mr. NUNES, Mr. 

SMITH of Washington, Mr. DEUTSCH, Mr. SIMMONS, Mr. MARSHALL, 

Mr. GORDON, Mr. SHIMKUS, Mr. MCDERMOTT, Mr. WALSH, and Mr. 

DOYLE

JUNE 16, 2004 

Reported with an amendment, committed to the Committee of the Whole 

House on the State of the Union, and ordered to be printed 

[Strike out all after the enacting clause and insert the part printed in italic] 

A BILL 

To facilitate self-help housing homeownership opportunities. 
2 

•HR 4363 RH 

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 ‘‘Helping Hands for 

5 Homeownership Act of 2004’’. 

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

7 Paragraph (1) of section 11(b) of the Housing Op8 portunity Program Extension Act of 1996 (42 U.S.C. 

9 12805 note) is amended by striking ‘‘dwelling’’ and insert10 ing ‘‘dwellings’’. 

11 SECTION 1. SHORT TITLE. 

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

13 Homeownership Act of 2004’’. 

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

15 Paragraph (1) of section 11(b) of the Housing Oppor16 tunity Program Extension Act of 1996 (42 U.S.C. 12805 

17 note) is amended by striking ‘‘dwelling’’ and inserting 

18 ‘‘dwellings’’. 

19 SEC. 3. DESIGNATION OF DOUG BEREUTER SECTION 502 

20 SINGLE FAMILY HOUSING LOAN GUARANTEE 

21 PROGRAM. 

22 (a) CONGRESSIONAL FINDINGS.—The Congress finds 

23 that— 

24 (1) the Cranston-Gonzalez National Affordable 

25 Housing Act, enacted November 28, 1990, established 
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•HR 4363 RH 

1 the section 502 single family housing loan guarantee 

2 program of the Rural Housing Service of the United 

3 States Department of Agriculture; 

4 (2) Congressman Doug Bereuter of Nebraska was 

5 the legislative author of the single family housing 

6 loan guarantee program; 

7 (3) 316,625 single family loans have been guar8 anteed under the program since its implementation in 

9 1991; 

10 (4) the program facilitates home ownership for 

11 low- to moderate-income borrowers in rural areas and 

12 nonmetropolitan communities who are unable to ob13 tain conventional home mortgage financing; and 

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

15 with a loan guaranteed under the section 502 guar16 antee program was $34,124. 

17 (b) DESIGNATION.—Subsection (h) of section 502 of the 

18 Housing Act of 1949 (42 U.S.C. 1472(h)) is amended— 

19 (1) by redesignating paragraphs (1) through (13) 

20 as paragraphs (2) through (14), respectively; 

21 (2) by inserting before paragraph (2) (as so re22 designated) the following new paragraph: 

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

24 cited as the ‘Doug Bereuter Section 502 Single Fam25 ily Housing Loan Guarantee Act’.’’; and 
4 

•HR 4363 RH 

1 (3) by striking the subsection designation and 

2 heading and inserting the following: 

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

4 HOUSING LOAN GUARANTEE PROGRAM.—’’. 

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

6 section 502 of the Housing Act of 1949 (42 U.S.C. 1472(h)), 

7 as amended by section 2 of this Act, is further amended— 

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

9 (12)(A)’’ and inserting ‘‘paragraph (13)’’; and 

10 (2) in paragraph (14)— 

11 (A) in subparagraph (A), by striking ‘‘GEN12 ERAL’’ and inserting ‘‘GENERAL’’; and 

13 (B) in subparagraph (E)— 

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

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

16 and inserting ‘‘paragraph (2) and para17 graphs (3), (6), (7)(A), (8), and (10)’’; and 

18 (ii) by striking ‘‘paragraphs (1) 

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

20 (2) through (13)’’. 

Union Calendar No. 316 

108TH CONGRESS 

2D SESSION H. R. 4363 

[Report No. 108–546] 

A BILL 

To facilitate self-help housing homeownership 

J

opportunities. 

UNE 16, 2004 

Reported with an amendment, committed to the Comand ordered to be printed mittee of the Whole House on the State of the Union,