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ND HB1083
Bill
Status
3/27/2013
Primary Sponsor
Industry, Business and Labor Committee
Click for details
AI Summary
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Amends the definition of "multifamily housing facility" to require five or more residential dwelling units (effective after June 30, 2013), up from the previous four or more unit requirement.
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Maintains the requirement that at least 20 percent of units in each multifamily facility must be held for occupancy by persons or families of low and moderate income.
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Authorizes the industrial commission to establish a program providing refinancing of loans previously made by lenders and purchased under the home mortgage finance program.
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Expands the home mortgage finance program to include leasehold mortgage loans insured, guaranteed, or assisted through an affordable housing program.
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Declares the act an emergency measure.
Legislative Description
Multifamily housing facilities, leasehold mortgage loans, and refinancing previously purchased mortgage loans; and to declare an emergency.
Last Action
Signed by Governor 03/26
3/27/2013