Clerk session vote number: 389
Description: COMMUNITY INVESTMENT DEMONSTRATION ACT
Bill summary: Community Investment Demonstration Act of 1993 - Directs the Secretary of Housing and Urban Development to carry out a community investment demonstration program through FY 1998 to provide project-based rental assistance (under section 8 of the United States Housing Act of 1937) on behalf of low-income families in specified housing that is constructed, rehabilitated, or acquired pursuant to a loan or other financing from an eligible pension fund.
Prohibits for the first six months any single
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pension fund from receiving more than half the authorized assistance.
Requires the General Accounting Office to evaluate the program's effectiveness.
Obligates specified funds for the program from section 8 amounts under the United States Housing Act of 1937.
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Bill titles: To establish a demonstration program to provide affordable rental housing for low-income families, and for other purposes.
Links for more info on the vote: congress.gov