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House Proceeding 04-24-07 on Apr 24th, 2007 :: 0:35:18 to 0:37:24
Total video length: 2 hours 10 minutes Stream Tools: Stream Overview | Edit Time

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Dan Boren

0:31:33 to 0:35:18( Edit History Discussion )
Speech By: Dan Boren

Dan Boren

0:35:06 to 0:35:18( Edit History Discussion )

Dan Boren: native american homeownership opportunity act of 2007 introduced by congressman boren and congressman renzi. this important legislation authorizes section 184 of the housing and community development

Randy Neugebauer

0:35:18 to 0:35:30( Edit History Discussion )

Randy Neugebauer: act of 1992 which established a loan guarantee program for native american families, indian housing authorities, and federally recognized native american tribes. under current law this program

Randy Neugebauer

0:35:18 to 0:37:24( Edit History Discussion )
Speech By: Randy Neugebauer

Randy Neugebauer

0:35:30 to 0:35:40( Edit History Discussion )

Randy Neugebauer: is authorized through 2007. this bill will re-authorize the program through 2012. congress established this program to provide access to private mortgage financing for native american families,

Randy Neugebauer

0:35:40 to 0:35:52( Edit History Discussion )

Randy Neugebauer: indian housing authorities, and federally recognized native american tribes that could not otherwise acquire housing financing because of unique legal status of native american lands. this loan guarantee

Randy Neugebauer

0:35:52 to 0:36:04( Edit History Discussion )

Randy Neugebauer: under this program is used to construct, acquire, refinance, or rehabilitate singlele family housing located on trust land or land located in an indian or alaskan native area. section 184

Randy Neugebauer

0:36:04 to 0:36:17( Edit History Discussion )

Randy Neugebauer: of the program guarantees single family one to four family units residential homes for homes located in these indian and alaskan native areas where land may be tribal trust allocated trust or

Randy Neugebauer

0:36:17 to 0:36:27( Edit History Discussion )

Randy Neugebauer: fee simple. h.u.d. offers 100% guarantee on the outstanding principle and interest and payment if necessary. the flexible underwriting, low down payment, higher loan limits, loan guarantee

Randy Neugebauer

0:36:27 to 0:36:45( Edit History Discussion )

Randy Neugebauer: fee, and absence of low income limits make this the most affordable loan program available in tribal areas. in 2007 about $6 million was appropriated for the loan guarantee program. consequently

Randy Neugebauer

0:36:45 to 0:36:54( Edit History Discussion )

Randy Neugebauer: c.b.o. has estimated that it will cost $30348, if appropriators continue to fund at the level similar to previously years. enacting this bill does not direct -- affect direct spending or revenues.

Randy Neugebauer

0:36:54 to 0:37:03( Edit History Discussion )

Randy Neugebauer: i urge the passage of this legislation. and i reserve the balance of my time. the speaker pro tempore: the gentleman from oklahoma is recognized. mr. boren: madam speaker, i continue to reserve

Randy Neugebauer

0:37:03 to 0:37:16( Edit History Discussion )

Randy Neugebauer: the balance of my time. the speaker pro tempore: without objection. the gentleman from texas is recognized. mr. neugebauer: madam speaker, it's my honor at this time to recognize the gentleman

Randy Neugebauer

0:37:16 to 0:37:24( Edit History Discussion )

Randy Neugebauer: from arizona, mr. renzi, one of the authors of this legislation and someone who has worked tirelessly for native american issues all across the country, and particularly in his home state of

Rick Renzi

0:37:24 to 0:37:36( Edit History Discussion )

Rick Renzi: arizona. for three minutes. the speaker pro tempore: the gentleman from arizona is recognized for three minutes. mr. renzi: thank you, madam speaker. i thank our vice chair on the financial services

Rick Renzi

0:37:24 to 0:40:30( Edit History Discussion )
Speech By: Rick Renzi

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