Thread: C_Span Now...foreclosed property of illegals

Originally Posted by Populist

Isn't Bush still threatening to veto the whole bill?

Yes!

This bill hasn't gone to the Senate yet, has it?

Originally Posted by tinybobidaho

This bill hasn't gone to the Senate yet, has it?

I understand the Senate has its own spending bill.

Originally Posted by Populist

Isn't Bush still threatening to veto the whole bill?

Populist, are you saying that Bush wants illegals to get funding?

"Bulldogger" I missed this , did they vote on this yesterday?


Say no to left-wing housing boondoggle

By Michelle Malkin • May 7, 2008 10:54 AM

The House votes today on two more housing bill boondoggles stuffed with goodies for left-wing groups. In addition to that $25 million earmark for La Raza-The Race’s “Development Fund,â€

Originally Posted by Ex_OC

Originally Posted by Populist

Isn't Bush still threatening to veto the whole bill?

Populist, are you saying that Bush wants illegals to get funding?

Well he probably does But he is threatening to veto because it has to many ear marks in it.

Hard telling what they've stuck in this bill. It was stated yesterday on the floor that none of the House members have even read it.

WAIT A SEC!! Is this bill they're voting for now (to give La Raza $25 million) SEPARATE from HR 1999, the Hope Fund Act, in which La Raza is asking for $10 million in the first year and then $5 million every year after that for an indefinite time??? IS IT DIFFERENT??

If yes, that means La Raza is going to get $35 million for one year alone????? Am I understanding this right?

FROM GOVTRACK:

H.R. 5818: Neighborhood Stabilization Act of 2008
To authorize the Secretary of Housing and Urban Development to make loans to States to acquire foreclosed housing and to make grants to States for related costs.

Overview Summary Amendments Speeches

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Sponsor: Rep. Maxine Waters [D-CA]show cosponsors (27)
Cosponsors [as of 2008-05-08]
Rep. Shelley Berkley [D-NV]
Rep. Michael Capuano [D-MA]
Rep. André Carson [D-IN]
Rep. Yvette Clarke [D-NY]
Rep. William Clay [D-MO]
Rep. Steve Cohen [D-TN]
Rep. Keith Ellison [D-MN]
Rep. Barney Frank [D-MA]
Rep. Al Green [D-TX]
Rep. Luis Gutiérrez [D-IL]
Rep. Brian Higgins [D-NY]
Rep. Barbara Lee [D-CA]
Rep. Stephen Lynch [D-MA]
Rep. Tim Mahoney [D-FL]
Rep. Carolyn Maloney [D-NY]
Rep. Betty McCollum [D-MN]
Rep. James McGovern [D-MA]
Rep. Kendrick Meek [D-FL]
Rep. Gwen Moore [D-WI]
Rep. James Moran [D-VA]
Rep. Edward Pastor [D-AZ]
Rep. Brad Sherman [D-CA]
Rep. Albio Sires [D-NJ]
Rep. Niki Tsongas [D-MA]
Rep. Nydia Velázquez [D-NY]
Rep. Melvin Watt [D-NC]
Rep. Charles Wilson [D-OH]
Cosponsorship information sometimes is out of date. Why?
Bill Text: Summaries (CRS)
Full Text
Status: Introduced Apr 16, 2008
Scheduled for Debate Apr 23, 2008
Amendments (7 proposed) [details]
Voted on in House -
Voted on in Senate -
Signed by President -

This bill was considered in committee which has recommended it be considered by the House as a whole. Although it has been placed on a calendar of business, the order in which bills are considered and voted on is determined by the majority party leadership. Keep in mind that sometimes the text of one bill is incorporated into another bill, and in those cases the original bill, as it would appear here, would seem to be abandoned. [Last Updated: May 7, 2008]
Last Action: May 7, 2008: Committee of the Whole House on the state of the Union rises leaving H.R. 5818 as unfinished business.
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Committee Assignments
This bill is in the first stage of the legislative process where the bill is considered in committee and may undergo significant changes in markup sessions. The bill has been referred to the following committees:

House Financial Services
All Roll Call Votes
Date Where Description Result
May 8, 2008 10:45 AM House On Agreeing to the Amendment: Amendment 4 to H R 5818 Failed 190-219, 29 not voting
May 7, 2008 9:50 PM House On Agreeing to the Amendment: Amendment 2 to H R 5818 Agreed to 425-0, 13 not voting
May 7, 2008 9:40 PM House On Agreeing to the Amendment: Amendment 1 to H R 5818 Agreed to 256-157, 25 not voting
May 7, 2008 9:32 PM House On Motion That The Committee Rise: H R 5818 Neighborhood Stabilization Act of 2008 Failed 184-231, 23 not voting

Related Legislation
See Also
Below are related bills identified by Library of Congress staff:

H. Res. 1174: Providing for consideration of the bill...Passed House (99% of Democrats supporting, 100% of Republicans opposing.)

http://www.govtrack.us/congress/bill.xpd?bill=h110-5818

Summary of the bill:

H.R. 5818: Neighborhood Stabilization Act of 2008
To authorize the Secretary of Housing and Urban Development to make loans to States to acquire foreclosed housing and to make grants to States for related costs.

Overview Summary Amendments Speeches

Congressional Research Service Summary
The following summary is provided by the Congressional Research Service, which is a nonpartisan government entity that serves Congress and is run by the Library of Congress. The summary is taken from the official website THOMAS.

4/16/2008--Introduced.
Neighborhood Stabilization Act of 2008 - Requires the Secretary of Housing and Urban Development (HUD) to make grants and loans to qualified states, in accordance with HUD-approved plans, to carry out eligible housing stimulus activities.
Allows such loans to be used by a state, a unit of local government or its entity, or a nonprofit organization.
Limits the use of such loans to: (1) purchasing or financing the purchase of qualified foreclosed housing for resale as housing for homeownership to families having incomes of up to 140% of the median income for the area in which the housing is located; (2) rental of such housing only by families whose incomes do not exceed 100% of such median income in the area; and (3) rehabilitation of such property for the purpose of reselling it within three months at a price as close as possible to its acquisition price.
Limits the use of grants to: (1) property holding and operating costs; (2) property-related acquisition costs; and (3) state-related administrative and planning costs.
Requires the Secretary, by regulation, to prohibit the use of such grants or loans for: (1) political activities; (2) advocacy; (3) lobbying, whether directly or through other parties; (4) counseling services; (5) travel expenses; and (6) preparing or providing advice on tax returns.
Requires the use of such grants to provide housing only for families with: (1) very low-income; and (2) extremely low-income.
Prohibits a loan or grant recipient from discriminating against a prospective tenant because the individual holds a voucher or certificate of eligibility under section 8 (public housing rental assistance) of the United States Housing Act of 1937.
Conditions the use of such loans or grants on a shared appreciation agreement between the federal government and the owner of such housing regarding the federal share of proceeds from its sale or disposition.
Directs the Secretary to require a state to reimburse the Treasury for amounts of any misused funds.

http://www.govtrack.us/congress/bill.xp ... =h110-5818