I 
111TH CONGRESS 
2D SESSION 
H. R. 6079 
To facilitate affordable workforce homeownership in, and develop the full- 
time resident communities of, resort areas, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
AUGUST 9, 2010 
Mr. POLIS of Colorado introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To facilitate affordable workforce homeownership in, and de-
velop the full-time resident communities of, resort areas, 
and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Workforce Housing 
Opportunity Simplification Act of 2010’’. 
SEC. 2. INAPPLICABILITY OF CERTAIN FANNIE MAE AND 
FREDDIE MAC GUIDELINES TO AFFORDABLE 
WORKFORCE HOUSING MORTGAGES. 
(a) FANNIE MAE.—Subsection (b) of section 302 of 
the Federal National Mortgage Association Charter Act 
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(12 U.S.C. 1717(b)) is amended by adding at the end the 
following new paragraph: 
‘‘(7) MORTGAGES
FOR AFFORDABLE WORKFORCE 
HOUSING.— 
‘‘(A) EXEMPTIONS
FROM
GUIDELINES.—Not-
withstanding any other provision of law— 
‘‘(i) the corporation may purchase, service, 
sell, lend on the security of, and otherwise deal 
in any affordable workforce housing mortgage; 
‘‘(ii) any requirements and guidelines of 
the corporation that are inconsistent with the 
authority under clause (i) and with the duty of 
the corporation under section 1335(a)(1)(D) of 
the Housing and Community Development Act 
of 1992 to serve the market for affordable 
workforce housing mortgages shall not apply to 
any affordable workforce housing mortgage; 
and 
‘‘(iii) the corporation may not establish or 
utilize, with respect to any affordable workforce 
housing mortgage, any limitation on the max-
imum amount of the principal obligation of the 
mortgage that is based upon the appraised 
value of the property subject to the mortgage 
unless such limitation is based on such ap-
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praised value without consideration of the resale 
restrictions on the property described in sub-
paragraph (B)(i)(III). 
‘‘(B) 
AFFORDABLE
WORKFORCE
HOUSING 
MORTGAGES.—For purposes of this paragraph, the 
term ‘affordable workforce housing mortgage’ means 
a mortgage that meets the following requirements: 
‘‘(i) PROPERTY.—The mortgage shall be 
made for the purchase of, and secured by, a 
one-family residence that— 
‘‘(I) shall be used as the residence of 
the mortgagor for not less than 8 of any 
12 months and 240 days of any 365 days; 
‘‘(II) is located within or is part of a 
multifamily housing development consisting 
of 5 or more dwelling units or a mixed-use 
development that is not less than 50 per-
cent residential, as defined in the legal de-
scription of the property in the purchase 
contract or mortgage or title documents re-
lating to such purchase; 
‘‘(III) is subject to resale restrictions 
that— 
‘‘(aa) are recorded with the ap-
propriate public registry for recording 
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of titles and interests in real estate; 
and 
‘‘(bb) terminate upon foreclosure 
or execution of any deed-in-lieu-of- 
foreclosure; and 
‘‘(IV) is located in a resort county. 
‘‘(ii) MORTGAGOR
INCOME.—The house-
hold of the mortgagor shall have a gross house-
hold income— 
‘‘(I) that does not exceed 160 percent 
of the area median income, as determined 
and updated by the Secretary of Housing 
and Urban Development or the Director of 
the Federal Housing Finance Agency on 
an annual basis; and 
‘‘(II) not less than 75 percent of 
which is earned from positions the dis-
charge of whose duties involved physical 
presence in one or more resort counties. 
‘‘(iii) EMPLOYMENT.—The mortgagor or 
another member of the mortgagor’s house-
hold— 
‘‘(I) has been employed, during the 6- 
month period ending upon execution of the 
mortgage, in a position or multiple posi-
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tions the discharge of whose duties in-
volved physical presence in one or more re-
sort counties, in the aggregate, for an av-
erage of not less than 30 hours per weeks; 
‘‘(II) is employed at the time of the 
execution of the mortgage in a position or 
multiple positions the discharge of whose 
duties involve physical presence in one or 
more resort counties, in the aggregate, for 
an average of not less than 30 hours per 
week and the duration of such employment 
in such position is expected to last at least 
6 months; 
‘‘(III) is 60 years of age or older and, 
during the 5-year period ending up the 
mortgagor’s retirement from employment 
was employed in a position or positions the 
discharge of whose duties involved physical 
presence in one or more resort counties 
for— 
‘‘(aa) an average of not less than 
30 hours per week; and 
‘‘(bb) for not less than 8 months 
per year; 
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‘‘(IV) is a person with disabilities (as 
such term is defined in section 811(k) of 
the Cranston-Gonzalez National Affordable 
Housing Act (42 U.S.C. 8013)) who— 
‘‘(aa) was employed, during the 
2-year period ending upon becoming 
disabled, in a position or positions de-
scribed in subclause (I) or (II); or 
‘‘(bb) is employed in a position or 
positions described in subclause (I) or 
(II), except that the 30-hour require-
ment under such subclauses shall not 
apply to such person if— 
‘‘(AA) compliance with such 
requirement would make such 
person 
ineligible 
for 
benefits 
made available for persons with 
disabilities through a program of 
any State agency for develop-
mental disabilities or through the 
supplemental 
security 
income 
program under title XVI of the 
Social Security Act; and 
‘‘(BB) such person works 
the maximum number of hours 
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