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ND HB1449

Bill

Official Source

Status

Introduced

1/19/2015

Primary Sponsor

Corey Mock

Click for details

Origin

House of Representatives

64th Legislative Assembly

AI Summary

  • Amends subsection 4 of section 54-17-07.3 of the North Dakota Century Code regarding mortgage loan financing programs
  • Requires programs assisting first-time home buyers to provide assistance with loan closing costs for low to moderate income buyers
  • Limits closing cost assistance to up to six percent of the appraised cost of a home, with a maximum of ten thousand dollars
  • Allows programs to assist in developing low to moderate income housing or address unmet housing needs in developing communities

Legislative Description

First-time home buyer closing assistance.

Last Action

Second reading, failed to pass, yeas 10 nays 81

2/2/2015

Committee Referrals

Industry, Business, and Labor1/19/2015

Full Bill Text

No bill text available