PRINTER'S NO. 938
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
792
Session of
2015
INTRODUCED BY KILLION, THOMAS, FREEMAN, SCHREIBER, DiGIROLAMO,
BARRAR, GREINER, O'BRIEN, GAINEY, WATSON, C. PARKER, TOOHIL,
V. BROWN, M. DALEY, DAVIS, W. KELLER, LONGIETTI, COHEN,
SANTORA, MURT, DeLUCA, GINGRICH, PASHINSKI, RAVENSTAHL,
TAYLOR, HARKINS, EVERETT, GIBBONS, CUTLER, GOODMAN, ADOLPH,
SCHWEYER, FRANKEL, STURLA, CALTAGIRONE, HARHAI, SONNEY,
ROZZI, SCHLOSSBERG, SAINATO AND MASSER, MARCH 13, 2015
REFERRED TO COMMITTEE ON URBAN AFFAIRS, MARCH 13, 2015
AN ACT
Amending the act of December 3, 1959 (P.L.1688, No.621),
entitled, as amended, "An act to promote the health, safety
and welfare of the people of the Commonwealth by broadening
the market for housing for persons and families of low and
moderate income and alleviating shortages thereof, and by
assisting in the provision of housing for elderly persons
through the creation of the Pennsylvania Housing Finance
Agency as a public corporation and government
instrumentality; providing for the organization, membership
and administration of the agency, prescribing its general
powers and duties and the manner in which its funds are kept
and audited, empowering the agency to make housing loans to
qualified mortgagors upon the security of insured and
uninsured mortgages, defining qualified mortgagors and
providing for priorities among tenants in certain instances,
prescribing interest rates and other terms of housing loans,
permitting the agency to acquire real or personal property,
permitting the agency to make agreements with financial
institutions and Federal agencies, providing for the purchase
by persons of low and moderate income of housing units, and
approving the sale of housing units, permitting the agency to
sell housing loans, providing for the promulgation of
regulations and forms by the agency, prescribing penalties
for furnishing false information, empowering the agency to
borrow money upon its own credit by the issuance and sale of
bonds and notes and by giving security therefor, permitting
the refunding, redemption and purchase of such obligations by
the agency, prescribing remedies of holders of such bonds and
notes, exempting bonds and notes of the agency, the income
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