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

This Act may be cited as the ''Community Partners Neighborhood
Preservation Act of 2011''.

SEC. 2. COMMUNITY PARTNERS NEXT DOOR PROGRAM.

(a) Congressional Findings.--The Congress finds that--
(1) teachers, law enforcement officers, fire fighters, and
rescue personnel help form the backbones of communities and are
integral components in the social capital of neighborhoods in
the United States; and
(2) providing a discounted purchase price on HUD-owned
properties for teachers, law enforcement officers, fire
fighters, and rescue personnel recognizes the intrinsic value
of the services provided by such employees to their communities
and to family life and encourages and rewards those who are
dedicated to providing public service in our most needy
communities.
(b) Discount and Downpayment Assistance for Teachers.--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 2012 through
2022, 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 terms 'elementary school' and
'secondary school' have the meanings given such
terms in section 14101 of the Elementary and
Secondary Education Act of 1965 (20 U.S.C.
8801), except that, for purposes of this
paragraph, elementary education (as used in
such section) shall include pre-Kindergarten
education.
''(ii) The term 'eligible property' means
an eligible asset described in paragraph (2)(A)
of this subsection.
''(iii) The term 'public safety officer'
means an individual who is employed on a full-
time basis as a public safety officer, as such
term is defined in section 1204 of the Omnibus
Crime Control and Safe Streets Act of 1968 (42
U.S.C. 3796b).
''(iv) The term 'teacher' means an
individual who is employed on a full-time
basis, in an elementary or secondary school, as
a State-certified or State-licensed classroom
teacher or as an administrator.''.
(c) 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)''.
(d) Regulations.--Not later than 90 days after the date of the
enactment of this Act, the Secretary shall issue regulations to
implement the amendments made by this section.
(e) Sense of Congress Regarding Inclusion of Other Federal
Properties in Community Partners Next Door Program.--It is the sense of
the Congress that the Secretary of Housing and Urban Development should
consult with the heads of other agencies of the Federal Government that
own or hold properties appropriate for use as housing to determine the
possibility and effectiveness of including such properties in the
program pursuant to section 204(h)(7) of the National Housing Act, and
other programs that make housing available for law enforcement
officers, teachers, or fire fighters.

SEC. 3. ELIGIBILITY OF COMMUNITY PARTNERS FOR PURCHASE OF HUD-ACQUIRED
PROPERTY.

Notwithstanding any other provision of law, a public safety officer
or teacher (as such terms are defined in section 204(h)(7)(G) of the
National Housing Act (as amended by section 2 of this Act)) shall be
eligible to purchase of any property owned or held by the Secretary of
Housing and Urban Development pursuant to foreclosure of any mortgage
insured by the Secretary or pursuant to assignment of the mortgage,
deed in lieu of foreclosure, conveyance of title, or any other
acquisition of the property or mortgage in connection with the payment
of insurance benefits by the Secretary.

SEC. 4. RELEASE OF SECOND MORTGAGE FOR LAID-OFF COMMUNITY PARTNERS
UNDER GOOD NEIGHBOR NEXT DOOR INITIATIVE.

The Secretary of Housing and Urban Development shall revise the
Good Neighbor Next Door Initiative of the Secretary to provide that the
subordinate mortgage on the property of a mortgagor who purchased a
property under such initiative shall be released in any case in which
the mortgagor loses his or her employment position as a law enforcement
officer, teacher, firefighter, or emergency medical technician as a
result of any reductions in force or other reason other than dismissal
for cause.

SEC. 5. PREFERENCE UNDER HUD REO PROGRAM FOR COMMUNITY PARTNERS.

The Secretary of Housing and Urban Development, in making any real
estate owned of the Department of Housing and Urban Development
available for purchase, shall provide a preference for purchase by
public safety officers and teachers (as such terms are defined in
section 204(h)(7)(G) of the National Housing Act (as amended by section
2 of this Act)).
A:
Community Partners Neighborhood Preservation Act of 2011 - Amends the National Housing Act to provide: (1) a 50% discount for teachers and public safety officers purchasing certain eligible asset properties for use as their primary residence during FY2012-FY2022, 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.

Expresses the sense of Congress that the Secretary of Housing and Urban Development (HUD) should consult with the heads of other federal agencies that own or hold properties appropriate for use as housing to determine the possibility and effectiveness of including such properties in programs that make housing available for law enforcement officers, teachers, or fire fighters.

Makes a public safety officer or teacher eligible to purchase any property owned or held by the Secretary pursuant to: (1) foreclosure of any HUD-insured mortgage; or (2) assignment of the mortgage, deed in lieu of foreclosure, conveyance of title, or any other acquisition of the property or mortgage in connection with the payment of insurance benefits by the Secretary.

Directs the Secretary to revise the Good Neighbor Next Door Initiative to provide that the subordinate mortgage on the property of a mortgagor who purchased it under the Initiative shall be released in any case in which the mortgagor loses his or her employment position as a law enforcement officer, teacher, firefighter, or emergency medical technician as a result of any reductions in force or other reason other than dismissal for cause.

Directs the Secretary of HUD, in making any real estate owned by HUD available for purchase, to provide a preference for purchase by public safety officers and teachers.