Search Results: keywords:"real estate"

  • S. 4971 — To amend the Housing Act of 1949 to permit the assumption of loans under the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Program.
    Status:Introduced in Senate
    Words:374

    S. 4971, known as the "Rural Homeownership Continuity Act of 2024," proposes changes to the Housing Act of 1949. It allows individuals to assume existing guaranteed loans under the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Program when acquiring...

    Simple Explanation

    The bill is like a rule that lets people take over a special kind of house loan from someone else when they buy that person's house, and it makes sure the original person isn't responsible for the loan anymore if it's done right. It also means the person in charge has to make sure everything with the loan stays the same and fair when it's passed on.

  • H. R. 8693 — To prohibit certain businesses and persons from purchasing real estate adjacent to covered Federal lands in the United States, and for other purposes.
    Status:Introduced in House
    Words:591

    H. R. 8693, titled the “No American Land for Communist China Act,” seeks to stop certain Chinese nationals and businesses from buying real estate next to key federal lands in the United States. The bill requires the President to prevent purchases by Chinese government agents...

    Simple Explanation

    The bill wants to stop people or companies from China, who have a certain connection with the Chinese government, from buying land next to special protected areas in the United States, like national parks or military lands. It aims to make sure important land stays safe and secure.

  • S. 4978 — To prohibit certain businesses and persons from purchasing real estate adjacent to covered Federal land in the United States, and for other purposes.
    Status:Introduced in Senate
    Words:461

    The bill, known as the "No American Land for Communist China Act," aims to prevent certain Chinese nationals and businesses from buying real estate next to specific federal lands in the United States. It defines "covered federal land" as any land under the jurisdiction of the...

    Simple Explanation

    The "No American Land for Communist China Act" is a rule that tries to stop certain people and businesses from China from buying land next to special places owned by the U.S. government, like parks or forests. It's like saying, "You can't build your house too close to our playground."

  • H. R. 7707 — To amend the Internal Revenue Code of 1986 to provide for a first-time homebuyer credit, and for other purposes.
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    Status:Introduced in House
    Words:3,696

    The bill, H.R. 7707, seeks to amend the Internal Revenue Code of 1986 to introduce a refundable tax credit for first-time homebuyers. It allows eligible individuals to receive a credit worth 10% of the purchase price of their home, up to a maximum of $15,000. Certain...

    Simple Explanation

    The bill wants to give people buying their first house a bit of money back, up to $15,000, to help them pay for it, but they have to follow some rules like not owning a home recently and earning below a certain amount of money. If someone sells the house too soon or doesn't live in it, they might have to give the money back, and there are special rules for how this money can be shared or transferred to help with loans.