Housing Bond and Credit Modernization and Fairness Act of 2003 - Amends the Internal Revenue Code to: (1) repeal the required use of certain principal repayments on mortgage subsidy bond financings to redeem bonds; (2) modify the purchase price limitation under mortgage subsidy bond rules based on median family income; and (3) define the term "area median gross income" for low-income housing credit projects.
Actions
Mar 11, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3518-3519)
Mar 11, 2003
Sponsor introductory remarks on measure. (CR S3518)