In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Q: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Community Partners Next Door Act of
2005''.

SEC. 2. COMMUNITY PARTNERS NEXT DOOR ACT.

(a) Discount and Downpayment Assistance for Teachers and Public
Safety Officers.--Section 204(h) of the National Housing Act (12 U.S.C.
1710(h)) is amended--
(1) by redesignating paragraphs (7) through (10) as
paragraphs (8) through (11), respectively; and
(2) by inserting after paragraph (6) the following new
paragraph:
''(7) 50 percent discount for teachers and public safety
officers purchasing properties that are eligible assets.--
''(A) Discount.--A property that is an eligible
asset and is sold, during fiscal years 2006 through
2010, to a teacher or public safety officer for use in
accordance with subparagraph (B) shall be sold at a
price that is equal to 50 percent of the appraised
value of the eligible property (as determined in
accordance with paragraph (6)(B)). In the case of a
property eligible for both a discount under this
paragraph and a discount under paragraph (6), the
discount under paragraph (6) shall not apply.
''(B) Primary residence.--An eligible property sold
pursuant to a discount under this paragraph shall be
used, for not less than the 3-year period beginning
upon such sale, as the primary residence of a teacher
or public safety officer.
''(C) Sale methods.--The Secretary may sell an
eligible property pursuant to a discount under this
paragraph--
''(i) to a unit of general local government
or nonprofit organization (pursuant to
paragraph (4) or otherwise), for resale or
transfer to a teacher or public safety officer;
or
''(ii) directly to a purchaser who is a
teacher or public safety officer.
''(D) Resale.--In the case of any purchase by a
unit of general local government or nonprofit
organization of an eligible property sold at a
discounted price under this paragraph, the sale
agreement under paragraph (8) shall--
''(i) require the purchasing unit of
general local government or nonprofit
organization to provide the full benefit of the
discount to the teacher or public safety
officer obtaining the property; and
''(ii) in the case of a purchase involving
multiple eligible assets, any of which is such
an eligible property, designate the specific
eligible property or properties to be subject
to the requirements of subparagraph (B).
''(E) Mortgage downpayment assistance.--If a
teacher or public safety officer purchases an eligible
property pursuant to a discounted sale price under this
paragraph and finances such purchase through a mortgage
insured under this title, notwithstanding any provision
of section 203 the downpayment on such mortgage shall
be $100.
''(F) Prevention of undue profit.--The Secretary
shall issue regulations to prevent undue profit from
the resale of eligible properties in violation of the
requirement under subparagraph (B).
''(G) Definitions.--For the purposes of this
paragraph, the following definitions shall apply:
''(i) The term 'eligible property' means an
eligible asset described in paragraph (2)(A) of
this subsection.
''(ii) The term 'public safety officer' has
the meaning given such term in section 1204 of
the Omnibus Crime Control and Safe Streets Act
of 1968 (42 U.S.C. 3796b).
''(iii) The term 'teacher' means an
individual who is employed on a part- or full-
time basis as a teacher, teacher assistant, or
administrator in a public or private school
that provides elementary or secondary
education, as determined under State law,
except that elementary education shall include
pre-Kindergarten education, and except that
secondary education shall not include any
education beyond grade 12.
''(H) Program integrity.--Notwithstanding any other
provision of this paragraph, the Secretary may suspend
the applicability of this paragraph for such period as
the Secretary considers appropriate if the Secretary
determines such suspension is necessary because of
fraud or other issues regarding program integrity.''.
(b) Conforming Amendments.--Section 204(h) of the National Housing
Act (12 U.S.C. 1710(h)) is amended--
(1) in paragraph (4)(B)(ii), by striking ''paragraph (7)''
and inserting ''paragraph (8)'';
(2) in paragraph (5)(B)(i), by striking ''paragraph (7)''
and inserting ''paragraph (8)''; and
(3) in paragraph (6)(A), by striking ''paragraph (8)'' and
inserting ''paragraph (9)''.
(c) Regulations.--Not later than 60 days after the date of the
enactment of this Act, the Secretary shall issue regulations to
implement the amendments made by this section.
A:
Community Partners Next Door Act of 2005 - Amends the National Housing Act to provide: (1) a 50% discount for teachers, teacher assistants, administrators, and public safety officers purchasing (FY2006-FY2010) certain eligible asset properties for use as their primary residence; and (2) a $100 downpayment on any related insured mortgage.

Authorizes such sales directly to a qualifying individual or to a unit of local government or a nonprofit organization for resale to such individual.