GLOSSARY (Special Terms and References Used in Connection with Housing and Community Development Activities Under Laws in This Compilation) ACC..... AHOP AHS..... APA ARM.... Budget Act Budget Res..... CBO..... CD CDBG CDC....... CFR..... CHAS. CHAP. CHSP CIAP CMO..... ACRONYMS AND ABBREVIATED REFERENCES Annual contributions contract. Areawide housing opportunity plan. Administrative Procedure Act (5 U.S.C. 551 Adjustable rate mortgage. Below-market interest rate. Congressional Budget and Impoundment Concurrent resolution on the budget. Congressional Budget Office. Community development. Community development block grant. Community development corporation. Comprehensive housing affordability strate gy. Comprehensive homeless assistance plan. Comprehensive improvement assistance pro gram. Collateralized mortgage obligation. Comp Grants................ Public and Indian housing modernization (formerly CIAP). Continuing .................. Joint resolution continuing appropriations for the next fiscal year. Consumer Price Index. Cranston-Gonzalez....... Cranston-Gonzalez FHA........... FHFB...... FHLBB FHLMC FIRREA Flex Sub..... FmHA...... FR.......... Freddie Mac.......... GAO...... Garn-St Germain GEM..... Ginnie Mae............ GNMA GPM. GSE... Gramm-Latta...... НАР.... HECM. HFA........ HHS HODAG. HOME..... HOPE HOPE I........... HOPE II HOPE III.................. HUD........ HURRA....... IG........... IHA...... IRS...... MBS...... MIP..... Federal Housing Administration. Federal Home Loan Bank Board (abolished). Federal Home Loan Mortgage Corporation (Freddie Mac). Financial Institutions Reform, Recovery, and Enforcement Act of 1989. Flexible subsidy program (§ 201 of Housing and Community Development Amendments of 1978). Farmers Home Administration. Fair market rent. Federal National Mortgage Association (Fannie Mae). Federal Register. Federal Home Loan Mortgage Corporation. Federal Savings and Loan Insurance Corporation. General Accounting Office. Garn-St Germain Depository Institutions Growing equity mortgage. Government National Mortgage Association. Government National Mortgage Association (Ginnie Mae). Graduated payment mortgage. Government-sponsored enterprise. Omnibus Budget Reconciliation Act of 1981. Housing assistance plan. Home equity conversion mortgage. Housing finance agency. Department of Health and Human Services. Homeownership and opportunity for people HOPE for Public and Indian Housing Home- HOPE for Homeownership of Multifamily HOPE for Homeownership of Single Family Homes. Department of Housing and Urban Development. Housing and Urban-Rural Recovery Act of 1983. Inspector General. Indian housing authority. Mod Rehab.................. Moderate rehabilitation. MPS..... MSA...... NAHA NHP NOFA ........ OMB.............. OTS PAM.. PC............. PFS........... PHA......... PLAM PMI..... PMSA PUD...... RFC.......... RTC......... SAFAH.. SAM. SAMA Solar Bank.... SRO............... Sub Rehab................ TMAP UDAG USC............ VA......... Sec. 5............. Sec. 7(0).................. Sec. 8............ Sec. 9................... Minimum property standards. Metropolitan statistical area. Housing Act. National Affordable National Housing Partnership. National Institute of Building Sciences. Neighborhood strategy area. Omnibus Budget Reconciliation Act of 1981. Office of Management and Budget. Office of Thrift Supervision. Pledged account mortgage. Participation certificate (a type of mortgage backed security). Performance funding system. Public housing agency. Price-level adjusted mortgage. Private mortgage insurance. Primary metropolitan statistical area. Planned unit development. Reverse annuity mortgage. Rental assistance payments. Real estate mortgage investment conduit. Resolution Funding Corporation. Supplemental assistance for facilities to Shared appreciation mortgage. Site and market analysis. Solar Energy and Energy Conservation Single room occupancy housing. Substantial rehabilitation. Tax Equity and Fiscal Responsibility Act of Temporary mortgage assistance payments. United States Code. Department of Veterans Affairs. ABBREVIATED STATUTORY CITATIONS United States Housing Act of 1937 (funding United States Housing Act of 1937 (low- Sec. 14........... Sec. 18............... Sec. 20.......... Sec. 21.... Sec. 101........ Sec. 105................ Sec. 106............. Sec. 107......... Sec. 108......... Sec. 119.......... Sec. 201........ Sec. 202................. Sec. 203...... Sec. 207..... Sec. 213........... Sec. 221................ United States Housing Act of 1937 (CIAP). United States Housing Act of 1937 (rental rehabilitation development (HODAG)). and United States Housing Act of 1937 (demolition and disposition of public housing). United States Housing Act of 1937 (public housing resident management). United States Housing Act of 1937 (public housing homeownership and management opportunities). Housing and Urban Development Act of 1965 (rent supplement). Housing and Community Development Act of 1974 (CDBG applications and review). Housing and Community Development Act of 1974 (CDBG eligible activities). Housing and Community Development Act of 1974 (CDBG allocation and distribution of funds). Housing and Community Development Act of 1974 (CD special purpose grants fund). Housing and Community Development Act of 1974 (CD loan guarantees). Housing and Community Development Act of 1974 (UDAG). Housing and Community Development Amendments of 1978 (troubled projects/ flexible subsidy). Housing Act of 1959 (elderly and handicapped housing). Housing and Community Development Amendments of 1978 (management and preservation of HUD-owned projects). National Housing Act (single-family mortgage insurance). National Housing Act (multifamily mortgage insurance). Housing and Community Development Act of 1974 (allocation of funds for assisted housing). National Housing Act (cooperative housing mortgage insurance). National Housing Act (multifamily mortgage insurance). Sec. 221(d)(3).................. National Housing Act (BMIR rental housing Sec. 221(g)(4).... Sec. 223(f)...... mortgage insurance). National Housing Act (multifamily mort gage "put" option). National Housing Act (mortgage insurance for multifamily refinancing). Sec. 231...... Sec. 232. Sec. 234.......... Sec. 235................ Sec. 236... Sec. 241....... Sec. 242........ National Housing Act (mortgage insurance for elderly and handicapped rental housing). National Housing Act (mortgage insurance for nursing homes). National Housing Act (mortgage insurance for condominiums). National Housing Act (home mortgage interest reduction payments). National Housing Act (rental and cooperative housing interest reduction payments). National Housing Act (multifamily operating loss loans). National Housing Act (mortgage insurance for hospitals). Sec. 302(b)(2).................. Federal National Mortgage Association Charter Act (FNMA authority to deal in conventional mortgages). Sec. 305(a)(2).................. Federal Home Loan Mortgage Corporation Act (FHLMC authority to deal in conventional mortgages). Sec. 312........... Sec. 502............ Sec. 513.......... Sec. 515... Sec. 521........ Sec. 533................. Title I............... Title II ........... Title V....... Housing Act of 1964 (rehabilitation loans). Housing Act of 1949 (rural housing loans and loan guarantees). Housing Act of 1949 (rural housing authorization amounts). Housing Act of 1949 (elderly and handicapped rural housing). Housing Act of 1949 (rural housing loan interest credits and RAP). Housing Act of 1949 (housing preservation grants). Housing and Community Development Act of 1974 (CDBG and UDAG). Housing Act of 1949 (urban renewal). National Housing Act (FHA property improvement and manufactured housing loan insurance). National Housing Act (FHA mortgage insurance). Housing Act of 1949 (rural housing). TERMS [NOTE.-The following definitions are provided for the information and convenience of the reader and are included for explanatory purposes only. The definitions are not intended as a comprehensive description of the legal meaning and effect of the terms.] Adjustable rate mortgage-A mortgage covering a loan the interest rate of which may vary periodically over the term of the loan, generally according to an established index. |