111TH CONGRESS 

1ST SESSION H. R. 3527 

AN ACT 

To increase the maximum mortgage amount limitations 

under the FHA mortgage insurance programs for multifamily housing projects with elevators and for extremely 

high-cost areas. 

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

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1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘FHA Multifamily Loan 

3 Limit Adjustment Act of 2009’’. 

4 SEC. 2. FHA MORTGAGE AMOUNT LIMITS FOR ELEVATOR5 TYPE STRUCTURES. 

6 (a) AMENDMENTS.—The National Housing Act is 

7 amended in each of the provisions specified in subsection 

8 (b)— 

9 (1) by inserting ‘‘with sound standards of con10 struction and design’’ after ‘‘elevator-type struc11 tures’’ the first place such term appears; and 

12 (2) by striking ‘‘to not to exceed’’ and all that 

13 follows through ‘‘sound standards of construction 

14 and design’’ each place such terms appear and in15 serting ‘‘by not more than 50 percent of the 

16 amounts specified for each unit size’’. 

17 (b) PROVISIONS AMENDED.—The provisions of the 

18 National Housing Act specified in this subsection are as 

19 follows: 

20 (1) Subparagraph (A) of section 207(c)(3) (12 

21 U.S.C. 1713(c)(3)(A)). 

22 (2) Subparagraph (A) of section 213(b)(2) (12 

23 U.S.C. 1715e(b)(2)(A)). 

24 (3) Subclause (I) of section 220(d)(3)(B)(iii) 

25 (12 U.S.C. 1715k(d)(3)(B)(iii)(I)). 

26 (4) In section 221(d) (12 U.S.C. 1715l(d))— 
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1 (A) subclause (I) of paragraph (3)(ii); and 

2 (B) subclause (I) of paragraph (4)(ii). 

3 (5) Subparagraph (A) of section 231(c)(2) (12 

4 U.S.C. 1715v(c)(2)(A)). 

5 (6) Subparagraph (A) of section 234(e)(3) (12 

6 U.S.C. 1715y(e)(3)(A)). 

7 SEC. 3. FHA MORTGAGE AMOUNT LIMITS FOR EXTREMELY 

8 HIGH-COST AREAS. 

9 Section 214 of the National Housing Act (12 U.S.C. 

10 1715d) is amended— 

11 (1) in the first sentence— 

12 (A) by inserting ‘‘, or with respect to 

13 projects consisting of more than four dwelling 

14 units located in an extremely high-cost area as 

15 determined by the Secretary’’ after ‘‘or the Vir16 gin Islands’’ the first place such term appears; 

17 (B) by inserting ‘‘, or to construct projects 

18 consisting of more than four dwelling units on 

19 property located in an extremely high-cost area 

20 as determined by the Secretary’’ after ‘‘or the 

21 Virgin Islands’’ the second place such term ap22 pears; and 

23 (C) by inserting ‘‘, or with respect to 

24 projects consisting of more than four dwelling 

25 units located in an extremely high-cost area as 
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1 determined by the Secretary’’ after ‘‘or the Vir2 gin Islands’’ the third place such term appears; 

3 (2) in the second sentence— 

4 (A) by inserting ‘‘, or with respect to a 

5 project consisting of more than four dwelling 

6 units located in an extremely high-cost area as 

7 determined by the Secretary,’’ after ‘‘or the Vir8 gin Islands’’ the first place such term appears; 

9 and 

10 (B) by inserting ‘‘, or in the case of a 

11 project consisting of more than four dwelling 

12 units in an extremely high-cost area as deter13 mined by the Secretary, in such extremely high14 cost area,’’ after ‘‘or the Virgin Islands’’ the 

15 second place such term appears; and 

16 (3) in the section heading, by striking ‘‘AND

17 THE VIRGIN ISLANDS’’ and inserting ‘‘THE VIRGIN

18 ISLANDS, AND EXTREMELY HIGH-COST AREAS’’. 
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1 SEC. 4. EFFECTIVE DATE. 

2 The amendments made by this Act shall apply to 

3 mortgages insured under title II of the National Housing 

4 Act after September 30, 2009. 

Passed the House of Representatives September 15, 

2009. 

Attest: 

Clerk. 
111TH CONGRESS 

1ST SESSION H. R. 3527 

AN ACT 

To increase the maximum mortgage amount limitavators and for extremely high-cost areas. grams for multifamily housing projects with ele- tions under the FHA mortgage insurance pro-