I 

111TH CONGRESS 

1ST SESSION H. R. 3527 

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. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 31, 2009 

Mr. WEINER (for himself, Mr. FRANK of Massachusetts, and Mr. GARY G. 

MILLER of California) introduced the following bill; which was referred 

to the Committee on Financial Services 

A BILL 

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, 

3 SECTION 1. SHORT TITLE. 

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

5 Limit Adjustment Act of 2009’’. 


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1 SEC. 2. FHA MORTGAGE AMOUNT LIMITS FOR ELEVATOR2 TYPE STRUCTURES. 

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

4 amended in each of the provisions specified in subsection 

5 (b)— 

6 (1) by inserting ‘‘with sound standards of con7 struction and design’’ after ‘‘elevator-type struc8 tures’’ the first place such term appears; and 

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

10 follows through ‘‘sound standards of construction 

11 and design’’ each place such terms appear and in12 serting ‘‘by not more than 50 percent of the 

13 amounts specified for each unit size’’. 

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

15 National Housing Act specified in this subsection are as 

16 follows: 

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

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

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

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

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

22 (12 U.S.C. 1715k(d)(3)(B)(iii)(I)). 

23 (4) In section 221(d) (12 U.S.C. 1715l(d))— 

24 (A) subclause (I) of paragraph (3)(ii); and 

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


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

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

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

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

5 SEC. 3. FHA MORTGAGE AMOUNT LIMITS FOR EXTREMELY 

6 HIGH-COST AREAS. 

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

8 1715d) is amended— 

9 (1) in the first sentence— 

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

11 projects consisting of more than four dwelling 

12 units located in an extremely high-cost area as 

13 determined by the Secretary’’ after ‘‘or the Vir14 gin Islands’’ the first place such term appears; 

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

16 consisting of more than four dwelling units on 

17 property located in an extremely high-cost area 

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

19 Virgin Islands’’ the second place such term ap20 pears; and 

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

22 projects consisting of more than four dwelling 

23 units located in an extremely high-cost area as 

24 determined by the Secretary’’ after ‘‘or the Vir25 gin Islands’’ the third place such term appears; 


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1 (2) in the second sentence— 

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

3 project consisting of more than four dwelling 

4 units located in an extremely high-cost area as 

5 determined by the Secretary,’’ after ‘‘or the Vir6 gin Islands’’ the first place such term appears; 

7 and 

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

9 project consisting of more than four dwelling 

10 units in an extremely high-cost area as deter11 mined by the Secretary, in such extremely high12 cost area,’’ after ‘‘or the Virgin Islands’’ the 

13 second place such term appears; and 

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

15 THE VIRGIN ISLANDS’’ and inserting ‘‘THE VIRGIN

16 ISLANDS, AND EXTREMELY HIGH-COST AREAS’’. 

Æ 


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