Page:United States Statutes at Large Volume 118.djvu/947

 118 STAT. 917 PUBLIC LAW 108–285—AUG. 2, 2004 Public Law 108–285 108th Congress An Act To facilitate self help housing homeownership opportunities. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ‘‘Helping Hands for Homeowner ship Act of 2004’’. SEC. 2. ASSISTANCE FOR SELF HELP HOUSING PROVIDERS. Paragraph (1) of section 11(b) of the Housing Opportunity Pro gram Extension Act of 1996 (42 U.S.C. 12805 note) is amended by striking ‘‘dwelling’’ and inserting ‘‘dwellings’’. SEC. 3. DESIGNATION OF DOUG BEREUTER SECTION 502 SINGLE FAMILY HOUSING LOAN GUARANTEE PROGRAM. (a) CONGRESSIONAL FINDINGS.—The Congress finds that— (1) the Cranston Gonzalez National Affordable Housing Act, enacted November 28, 1990, established the section 502 single family housing loan guarantee program of the Rural Housing Service of the United States Department of Agri culture; (2) Congressman Doug Bereuter of Nebraska was the legis lative author of the single family housing loan guarantee pro gram; (3) 316,625 single family loans have been guaranteed under the program since its implementation in 1991; (4) the program facilitates home ownership for low to moderate income borrowers in rural areas and nonmetropolitan communities who are unable to obtain conventional home mort gage financing; and (5) in 2003, the average income of a borrower with a loan guaranteed under the section 502 guarantee program was $34,124. (b) DESIGNATION.—Subsection (h) of section 502 of the Housing Act of 1949 (42 U.S.C. 1472(h)) is amended— (1) by redesignating paragraphs (1) through (13) as para graphs (2) through (14), respectively; (2) by inserting before paragraph (2) (as so redesignated) the following new paragraph: ‘‘(1) SHORT TITLE.—This subsection may be cited as the ‘Doug Bereuter Section 502 Single Family Housing Loan Guar antee Act’.’’; and (3) by striking the subsection designation and heading and inserting the following: 42 USC 1472 note. 42 USC 1441 note. Helping Hands for Homeownership Act of 2004. Aug. 2, 2004 [H.R. 4363]

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