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[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4363 Enrolled Bill (ENR)]

        H.R.4363

                       One Hundred Eighth Congress

                                 of the

                        United States of America

                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Tuesday,
           the twentieth day of January, two thousand and four

                                 An Act

 
      To facilitate self-help housing homeownership opportunities.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Helping Hands for Homeownership Act 
of 2004''.

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

    Paragraph (1) of section 11(b) of the Housing Opportunity Program 
Extension Act of 1996 (42 U.S.C. 12805 note) is amended by striking 
``dwelling'' and inserting ``dwellings''.

SEC. 3. DESIGNATION OF DOUG BEREUTER SECTION 502 SINGLE FAMILY HOUSING 
              LOAN GUARANTEE PROGRAM.

    (a) Congressional Findings.--The Congress finds that--
        (1) the Cranston-Gonzalez National Affordable Housing Act, 
    enacted November 28, 1990, established the section 502 single 
    family housing loan guarantee program of the Rural Housing Service 
    of the United States Department of Agriculture;
        (2) Congressman Doug Bereuter of Nebraska was the legislative 
    author of the single family housing loan guarantee program;
        (3) 316,625 single family loans have been guaranteed under the 
    program since its implementation in 1991;
        (4) the program facilitates home ownership for low- to 
    moderate-income borrowers in rural areas and nonmetropolitan 
    communities who are unable to obtain conventional home mortgage 
    financing; and
        (5) in 2003, the average income of a borrower with a loan 
    guaranteed under the section 502 guarantee program was $34,124.
    (b) Designation.--Subsection (h) of section 502 of the Housing Act 
of 1949 (42 U.S.C. 1472(h)) is amended--
        (1) by redesignating paragraphs (1) through (13) as paragraphs 
    (2) through (14), respectively;
        (2) by inserting before paragraph (2) (as so redesignated) the 
    following new paragraph:
        ``(1) Short title.--This subsection may be cited as the `Doug 
    Bereuter Section 502 Single Family Housing Loan Guarantee Act'.''; 
    and
        (3) by striking the subsection designation and heading and 
    inserting the following:
    ``(h) Doug Bereuter Section 502 Single Family Housing Loan 
Guarantee Program.--''.
    (c) Conforming Amendments.--Subsection (h) of section 502 of the 
Housing Act of 1949 (42 U.S.C. 1472(h)), as amended by section 2 of 
this Act, is further amended--
        (1) in paragraph (5)(A), by striking ``paragraph (12)(A)'' and 
    inserting ``paragraph (13)''; and
        (2) in paragraph (14)--
            (A) in subparagraph (A), by striking ``General'' and 
        inserting ``general''; and
            (B) in subparagraph (E)--
                (i) by striking ``paragraph (1) and paragraphs (2), 
            (5), (6)(A), (7), and (9)'' and inserting ``paragraph (2) 
            and paragraphs (3), (6), (7)(A), (8), and (10)''; and
                (ii) by striking ``paragraphs (1) through (12)'' and 
            inserting ``paragraphs (2) through (13)''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.
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