S. 640 — Introduced in Senate

II 113th CONGRESS 1st Session S. 640 IN THE SENATE OF THE UNITED STATES March 21, 2013 Ms. Hirono (for herself and Mr. Schatz) introduced the following bill; which was read twice and referred to the Committee on Indian Affairs A BILL To reauthorize the programs of the Department of Housing and Urban Development for housing assistance for Native Hawaiians. 1. Short title This Act may be cited as the Hawaiian Homeownership Opportunity Act of 2013. 2. Authorization of appropriations for housing assistance Section 824 of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4243), as added by section 513 of Public Law 106–569 (114 Stat. 2969), is amended by striking fiscal years and all that follows and inserting the following: fiscal years 2013, 2014, 2015, 2016, and 2017.. 3. Loan guarantees for Native Hawaiian housing Section 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13b), as added by section 514 of Public Law 106–569 (114 Stat. 2989), is amended as follows: (1) Authorization of appropriations In subsection (j)(7), by striking fiscal years and all that follows and inserting the following: fiscal years 2013, 2014, 2015, 2016, and 2017.. (2) Authority In subsection (b), by striking or as a result of a lack of access to private financial markets. (3) Eligible housing In subsection (c), by striking paragraph (2) and inserting the following new paragraph: (2) Eligible housing The loan will be used to construct, acquire, refinance, or rehabilitate 1- to 4-family dwellings that are standard housing and are located on Hawaiian Home Lands. .