I 
109TH CONGRESS 
2D SESSION 
H. R. 6424 
To increase the Federal Housing Administration mortgage commitment level 
for fiscal year 2007 to carry out the purposes of sections 238 and 
519 of the National Housing Act, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 8, 2006 
Mr. GARY G. MILLER of California (for himself and Mr. FRANK of Massachu-
setts) introduced the following bill; which was referred to the Committee 
on Financial Services 
A BILL 
To increase the Federal Housing Administration mortgage 
commitment level for fiscal year 2007 to carry out the 
purposes of sections 238 and 519 of the National Hous-
ing Act, 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 ‘‘Save Affordable Hous-
ing and Health Care Facilities Act of 2006’’. 
SEC. 2. CONGRESSIONAL FINDINGS. 
The Congress finds that— 
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(1) the Federal Housing Administration (FHA) 
programs in the General Insurance/Special Risk In-
surance (GI/SRI) Fund provide financing for a wide 
range of activities, including home equity conversion 
mortgages for the elderly, condominiums, apart-
ments, health care facilities, and hospitals; 
(2) the volume of activity in these programs is 
traditionally heavy in the last few months of a cal-
endar year and has been particularly high this year 
due to continued low interest rates and a large de-
mand by seniors for mortgages that will allow them 
to access the equity in their homes; 
(3) the Department of Housing and Urban De-
velopment (HUD) has indicated that the commit-
ment authority for the programs in this Fund may 
be exhausted if the continuing appropriations resolu-
tion for fiscal year 2007 makes available only a pro-
rated portion of the amounts that were made avail-
able for the programs for 2006; 
(4) if the commitment authority is exhausted, 
HUD will be forced to shut down the programs in 
the GI/SRI Fund until additional commitment au-
thority is approved by the Congress; 
(5) the FHA home equity conversion mortgage 
insurance program is virtually the only program 
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available that allows seniors to draw funds from the 
equity in their homes to pay other bills and to re-
main in their homes with adequate protections; 
(6) the FHA multifamily housing mortgage in-
surance programs provide for the construction and 
rehabilitation of critically needed affordable housing 
while also producing construction jobs, and shutting 
down these programs will result in delays of con-
struction that may make some of these projects in-
feasible due to rising construction costs; 
(7) the FHA hospital mortgage insurance pro-
gram is a major source of financing for community 
hospitals as well as larger city hospitals that need to 
refinance or rehabilitate their properties; 
(8) the FHA mortgage insurance programs for 
nursing homes and assisted living facilities are vir-
tually the only vehicles for the rehabilitation of these 
properties, which is vital to the elderly individuals 
living there; 
(9) increasing the commitment ceilings for the 
GI/SRI Fund would not cost the Government addi-
tional funds but would actually generate additional 
revenue for the Treasury; and 
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(10) the programs that would otherwise be shut 
down pay for their own costs through the collection 
by the FHA of mortgage insurance premiums. 
SEC. 3. INCREASE IN GENERAL INSURANCE AND SPECIAL 
RISK INSURANCE COMMITMENT AUTHORITY. 
Notwithstanding section 101 of the Continuing Ap-
propriations Resolution, 2007 (Division B of Public Law 
109–289; 120 Stat. 1311), the maximum dollar amount 
limitation on commitments to guarantee loans to carry out 
the purposes of sections 238 and 519 of the National 
Housing 10 Act (12 U.S.C. 1715z–3 and 1735c) shall be 
continued for fiscal year 2007 at a rate for operations not 
exceeding $45,000,000,000. 
SEC. 4. INCREASE IN HOME EQUITY CONVERSION MORT-
GAGE INSURANCE AUTHORITY. 
Section 255(g) of the National Housing Act (12 
U.S.C. 1715z–20(g)), as amended by section 131 of Divi-
sion B of the Continuing Appropriations Resolution, 2007 
(120 Stat. 1316), is amended by striking ‘‘275,000’’ and 
inserting ‘‘300,000’’. 
Æ 
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