House Roll Call 94, 98th Congress · May 11, 1983

TO AMEND H.R. 1983 WITH AN AMENDMENT TO THE GONZALEZ SUBSTITUTE TO THE WYLIE AMENDMENT. H.R. 1983 AMENDS CERTAIN HOUSING AND COMMUNITY DEVELOPMENT LAWS SO AS TO PROVIDE EMERGENCY MORTGAGE ASSISTANCE TO HOMEOWNERS AND EMERGENCY SHELTER FOR THE HOMELESS. THE WYLIE AMENDMENT DIRECTS FEDERAL AGENCIES TO ENCOURAGE MARKET INCENTIVES TO FACILITATE FOREBEARANCE AND TO PREVENT FORECLOSURES; REMOVES LANGUAGE MANDATING A MORATORIUM ON FARMERS HOME LOANS AND RETAINS THE PRESENT LANGUAGE IN THE LAW AND ENCOURAGES THE SECRETARY TO PROVIDE A MORATORIUM ON PAYMENTS OF MORTAGE AND INTEREST FOR BORROWERS IN NEED BECAUSE OF ECONOMIC DEVELOPMENTS BEYOND THEIR CONTROL; RETAINS THE $100 MILLION EMERGENCY SHELTER FOR THE HOMELESS PROVISION; AND STRIKES $760 MILLION ADMINISTRATIVE BAILOUT TO THE MORTAGE LENDERS PROGRAM. THE GONZALEZ SUBSTITUTE AMENDMENT PROVIDES FOR AN ASSETS TEST TO LIMIT ASSISTANCE TO UNEMPLOYED FAMILIES WHOSE AVERAGE AGGREGATE INCOME OVER 3 YEARS DOES NOT EXCEED $20,000 FOR A FAMILY OF FOUR OF WHOSE ASSETS, EXCLUDING FAMILY RESIDENCE, CAR, $5,000 IN HOUSEHOLDS GOODS AND JOB-RELATED EQUIPMENT, CANNOT EXCEED $10,000; NO ASSISTANCE COULD GO TO INDIVIDUALS WHOSE UNEMPLOYMENT IS VOLUNTARY OR IS A RESULT OF THEIR OWN MISCONDUCT; THAT THE HOMEOWNER AND LENDER MUST ATTEMPT A WORKOUT ON THE MORTAGE DELINQUENCY BEFOR A HOMEOWNER CAN SEEK ASSISTANCE; AND THAT HUD ASSURES A REASONABLE DISTRIBUTION OF FUNDS AMONG AREAS OF THE COUNTRY TAKING INTO CONSIDERATION UNEMPLOYMENT RATES, HIGH DELINQUENCIES AND FORECLOSURES. THE ROEMER AMENDMENT IS A RESTATEMENT OF THE WYLIE AMENDMENT. (MOTION FAILED)

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