Pub. L. 93-383, tit. III, sec. 303

increase in maximum mortgage amounts under fha multifamily mortgage insurance programs

EnactedYear: 1974Length: 509 wordsOfficial source
increase in maximum mortgage amounts under fha multifamily mortgage insurance programs Sec. 303. (a)(1) Section 207(c)(3) of the National Housing Act is amended by striking out “$9,900”, “$13,750”, “$16,500”, “$20,350”, “$23,100”, and “$2,500” in the matter preceding the first semicolon and inserting in lieu thereof “$13,000”, “$18,000”, “$21,500”, “$26,500”, “$30,000”, and “$8,250”, respectively. (2) Section 207(c)(3) of such Act is further amended by striking out “$11,550”, “$16,500”, “$19,800”, “$24,750”, and “$28,050” in the 88 Stat. 677 matter following the first semicolon and inserting in lieu thereof “$15,000”, “21,000”, “$25,750”, “$32,250”, and “$36,465”, respectively. (b)(1) Section 213(b)(2) of such Act is amended by striking out “$9,900”, “$13,750”, “$16,500”, “$20,350”, and “$23,100” in the matter preceding the first proviso and inserting in lieu thereof “$13,000”, “$18,000”, “$21,500”, “$26,500”, and “$30,000”, respectively. (2) Section 213(b)(2) of such Act is further amended by striking out “$11,550”, “$16,500”, “$19,800”, “$24,750”, and “$28,050” in the first proviso and inserting in lieu thereof “$15,000”, “$21,000”, “$25,750”, “$32,250”, and “$36,465”, respectively. (c)(1) Section 220(d)(3)(B)(iii) of such Act is amended by striking out “$9,900”, “$13,750”, “$16,500”, “$20,350”, and “$23,100” in the matter preceding “except” where it first appears and inserting in lieu thereof “$13,000”, “$18,000”, “$21,500”, “$26,500”, and “$30,000”, respectively. (2) Section 220(d)(3)(B)(iii) of such Act is further amended by striking out “$11,550”, “$16,500”, “$19,800”, “$24,750”, and “$28,050” in the matter following “except” where it first appears and inserting in lieu thereof “$15,000”, “$21,000”, “$25,750”, “$32,250” and “$36,465”, respectively. (d) Section 221(d)(3)(ii) of such Act is amended— (A) by striking out “$9,200”, “$12,937.50”, “$15,525”, “$19,550”, and “$22,137.50” and inserting in lieu thereof “$11,240”, “$15,540”, “$18,630”, “$23,460”, and “$26,570”, respectively; and (B) by striking out “$10,925”, “$13,500”, “$18,400”, “$23,000”, and “$26,162.50” and inserting in lieu thereof “$13,120”, “$16,200”, “$22,080”, “$27,600”, and “$32,000”, respectively. (e)(1) Section 221(d)(4)(ii) of such Act is amended by striking out “$9,200”, “$12,937.50”, “$15,525”, “$19,550”, and “$22,137.50” in the matter preceding the first semicolon and inserting in lieu thereof “$12,300”, “$17,188”, “$20,525”, “$24,700”, and “$29,038”, respectively. (2) Section 221(d)(4)(ii) of such Act is further amended by striking out “$10,525”, “$15,525”, “$18,400”, “$23,000”, and “$26,162.50” in the matter following the first semicolon and inserting in lieu thereof “$13,975”, “$20,025”, “$24,350”, “$31,500”, and “$34,578”, respectively. (f)(1) Section 231(c)(2) of such Act is amended by striking out “$8,800”, “$12,375”, “$14,850”, “$18,700”, and “$21,175” in the matter preceding the first semicolon and inserting in lieu thereof “$12,300”, “$17,188”, “$20,525”, “$24,700”, and “$29,038”, respectively. (2) Section 231(c)(2) of such Act is further amended by striking out “$10,450”, “$14,850”, “$17,600”, “$22,000”, and “$25,025” in the matter following the first semicolon and inserting in lieu thereof “$13,975”, “$20,025”, “$24,350”, “$31,500”, and “$34,578”, respectively. (g)(1) Section 234(e)(3) of such Act is amended by striking out “$9,900”, “$13,750”, “$16,500”, “$20,350”, and “$23,100” in the matter preceding the first proviso and inserting in lieu thereof “$13,000”, “$18,000”, “$21,500”, “$26,500”, and “$30,000”, respectively. (2) Section 234(e)(3) of such Act is further amended by striking out “$11,550”, “$16,500”, “$19,800”, “$24,750”, and “$28,050” in the first proviso and inserting in lieu thereof “$15,000”, “$21,000”, “$25,750”, “$32,250”, and “$36,465”, respectively.