H.R.1985 - FHA Multifamily Loan Limit Adjustment Act of 2003108th Congress (2003-2004)
Summary: H.R.1985 — 108th Congress (2003-2004)
Passed House amended (10/07/2003)
(This measure has not been amended since it was reported to the House on September 3, 2003. The summary of that version is repeated here.)
FHA Multifamily Loan Limit Adjustment Act of 2003 - Amends the National Housing Act to increase high-cost area and project-based additional mortgage loan limits for Federal Housing Administration (FHA)-insured mortgages for: (1) rental housing; (2) cooperative housing; (3) rehabilitation and neighborhood conservation housing; (4) moderate income and displaced family housing; (5) housing for the elderly; and (6) condominiums.
Increases: (1) "amount per space" rental housing mortgage limits; and (2) certain cooperative housing mortgage limits.