1. Short title
This Act may be cited as the “Hawaiian Homeownership Opportunity Act of 2013”.
Hawaiian Homeownership Opportunity Act of 2013
A BILL
To reauthorize the programs of the Department of Housing and Urban Development for housing assistance for Native Hawaiians.
2. Authorization of appropriations for housing assistance
Section 824 of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4243), as added by section 513 of Public Law 106–569 (114 Stat. 2969), is amended by striking “fiscal years” and all that follows and inserting the following: “fiscal years 2013, 2014, 2015, 2016, and 2017.”.
3. Loan guarantees for Native Hawaiian housing
Section 184A of the Housing and Community Development Act of 1992 (12 U.S.C. 1715z–13b), as added by section 514 of Public Law 106–569 (114 Stat. 2989), is amended as follows:
Authorization of appropriations— In subsection (j)(7), by striking “fiscal years” and all that follows and inserting the following: “fiscal years 2013, 2014, 2015, 2016, and 2017.”.
Authority— In subsection (b), by striking “or as a result of a lack of access to private financial markets”.
Eligible housing— In subsection (c), by striking paragraph (2) and inserting the following new paragraph:
“(2) Eligible housing—The loan will be used to construct, acquire, refinance, or rehabilitate 1- to 4-family dwellings that are standard housing and are located on Hawaiian Home Lands.”