I
107TH CONGRESS
1ST SESSION
H. R. 1629
To increase the mortgage loan limits under the National Housing Act for
multifamily housing mortgage insurance.
IN THE HOUSE OF REPRESENTATIVES
APRIL 26, 2001
Mrs. ROUKEMA (for herself and Mr. FRANK) introduced the following bill;
which was referred to the Committee on Financial Services
A BILL
To increase the mortgage loan limits under the National
Housing Act for multifamily housing mortgage insurance.
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 ‘‘FHA Multifamily
Housing Mortgage Loan Limit Adjustment Act of 2001’’.
SEC. 2. MORTGAGE LOAN LIMITS FOR MULTIFAMILY
PROJECTS.
(a) SECTION 207 LIMITS.—Section 207(c)(3) of the
National Housing Act (12 U.S.C. 1713(c)(3)) is
amended—
(1) 
by 
striking 
‘‘$30,420’’, 
‘‘$33,696’’,
‘‘$40,248’’, ‘‘$49,608’’, ‘‘$56,160’’, and ‘‘$9,000’’
and inserting ‘‘$38,025’’, ‘‘$42,120’’, ‘‘$50,310’’,
‘‘$62,010’’, ‘‘$70,200’’, and ‘‘$11,250’’, respectively;
and
(2) 
by 
striking 
‘‘$35,100’’, 
‘‘$39,312’’,
‘‘$48,204’’, ‘‘$60,372’’, and ‘‘$68,262’’ and insert-
ing ‘‘$43,875’’, ‘‘$49,140’’, ‘‘$60,255’’, ‘‘$75,465’’,
and ‘‘$85,328’’, respectively.
(b) SECTION 213 LIMITS.—Section 213(b)(2) of the
National Housing Act (12 U.S.C. 1715e(b)(2)) is
amended—
(1) 
by 
striking 
‘‘$30,420’’, 
‘‘$33,696’’,
‘‘$40,248’’, ‘‘$49,608’’, and ‘‘$56,160’’ and insert-
ing ‘‘$38,025’’, ‘‘$42,120’’, ‘‘$50,310’’, ‘‘$62,010’’,
and ‘‘$70,200’’, respectively; and
(2) 
by 
striking 
‘‘$35,100’’, 
‘‘$39,312’’,
‘‘$48,204’’, ‘‘$60,372’’, and ‘‘$68,262’’ and insert-
ing ‘‘$43,875’’, ‘‘$49,140’’, ‘‘$60,255’’, ‘‘$75,465’’,
and ‘‘$85,328’’, respectively.
(c) SECTION 220 LIMITS.—Section 220(d)(3)(B)(iii)
of 
the 
National 
Housing 
Act 
(12 
U.S.C.
1715k(d)(3)(B)(iii)) is amended—
(1) 
by 
striking 
‘‘$30,420’’, 
‘‘$33,696’’,
‘‘$40,248’’, ‘‘$49,608’’, and ‘‘$56,160’’ and insert-
ing ‘‘$38,025’’, ‘‘$42,120’’, ‘‘$50,310’’, ‘‘$62,010’’,
and ‘‘$70,200’’, respectively; and
(2) 
by 
striking 
‘‘$35,100’’, 
‘‘$39,312’’,
‘‘$48,204’’, ‘‘$60,372’’, and ‘‘$68,262’’ and insert-
ing ‘‘$43,875’’, ‘‘$49,140’’, ‘‘$60,255’’, ‘‘$75,465’’,
and ‘‘$85,328’’, respectively.
(d) 
SECTION
221(d)(3) 
LIMITS.—Section
221(d)(3)(ii) of the National Housing Act (12 U.S.C.
1715l(d)(3)(ii)) is amended by striking ‘‘$33,638’’,
‘‘$38,785’’, 
‘‘$46,775’’, 
‘‘$59,872’’, 
‘‘$66,700’’,
‘‘$35,400’’, ‘‘$40,579’’, ‘‘$49,344’’, ‘‘$63,834’’, and
‘‘$70,070’’ 
and 
inserting 
‘‘$42,048’’, 
‘‘$48,481’’,
‘‘$58,469’’, 
‘‘$74,840’’, 
‘‘$83,375’’, 
‘‘$44,250’’,
‘‘$50,724’’, ‘‘$61,680’’, ‘‘$79,793’’, and ‘‘$87,588’’, re-
spectively.
(e) 
SECTION
221(d)(4) 
LIMITS.—Section
221(d)(4)(ii) of the National Housing Act (12 U.S.C.
1715l(d)(4)(ii)) is amended by striking ‘‘$30,274’’,
‘‘$34,363’’, 
‘‘$41,536’’, 
‘‘$52,135’’, 
‘‘$59,077’’,
‘‘$32,701’’, ‘‘$37,487’’, ‘‘$45,583’’, ‘‘$58,968’’, and
‘‘$64,730’’ 
and 
inserting 
‘‘$37,843’’, 
‘‘$42,954’’,
‘‘$51,920’’, 
‘‘$65,169’’, 
‘‘$73,846’’, 
‘‘$40,876’’,
‘‘$46,859’’, ‘‘$56,979’’, ‘‘$73,710’’, and ‘‘$80,913’’, re-
spectively.
(f) SECTION 231 LIMITS.—Section 231(c)(2) of the
National Housing Act (12 U.S.C. 1715v(c)(2)) is
amended—
(1) 
by 
striking 
‘‘$28,782’’, 
‘‘$32,176’’,
‘‘$38,423’’, ‘‘$46,238’’, and ‘‘$54,360’’ and insert-
ing ‘‘$35,978’’, ‘‘$40,220’’, ‘‘$48,029’’, ‘‘$57,798’’,
and ‘‘$67,950’’, respectively; and
(2) 
by 
striking 
‘‘$32,701’’, 
‘‘$37,487’’,
‘‘$45,583’’, ‘‘$58,968’’, and ‘‘$64,730’’ and insert-
ing ‘‘$40,876’’, ‘‘$46,859’’, ‘‘$56,979’’, ‘‘$73,710’’,
and ‘‘$80,913’’, respectively.
(g) SECTION 234 LIMITS.—Section 234(e)(3) of the
National Housing Act (12 U.S.C. 1715y(e)(3)) is
amended—
(1) 
by 
striking 
‘‘$30,420’’, 
‘‘$33,696’’,
‘‘$40,248’’, ‘‘$49,608’’, and ‘‘$56,160’’ and insert-
ing ‘‘$38,025’’, ‘‘$42,120’’, ‘‘$50,310’’, ‘‘$62,010’’,
and ‘‘$70,200’’, respectively; and
(2) 
by 
striking 
‘‘$35,100’’, 
‘‘$39,312’’,
‘‘$48,204’’, ‘‘$60,372’’, and ‘‘$68,262’’ and insert-
ing ‘‘$43,875’’, ‘‘$49,140’’, ‘‘$60,255’’, ‘‘$75,465’’,
and ‘‘$85,328’’, respectively.
(h) REGULATIONS.—The Secretary of Housing and
Urban Development shall issue regulations necessary to
carry out the amendments made by subsections (a)
through (g), which shall take effect not later than the expi-
ration of the 1-year period beginning on the date of the
enactment of this Act.
Æ