To ensure that any affordable housing assistance program of Fannie Mae or Freddie Mac allows participation by nonprofit organizations that engage in voter registration activities required under State law.
About This Bill
Committee
Latest Action · January 5, 2006
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Makes an exception to certain eligibility requirements of the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) under any law or regulation with respect to a grant or other financial assistance program for nonprofit organizations to carry out affordable housing or public infrastructure development activities.
Makes inapplicable to such a nonprofit organization any law, regulation, or restriction making it ineligible for such grants or assistance, or limiting its eligibility, based on the organization's engaging in voter registration activities, to the extent that the organization is required under state law to engage in such activity.
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