1. Mortgage Consumer Protection: Adds: "Consumers should be afforded all reasonable opportunity to access mortgage credit; to the lowest-cost mortgage for which the consumer can qualify; to know the true cost of a mortgage; to be free of regulatory burden; and to know what is behind a lender’s mortgage decision."

1. OFHEO/Financial Regulators provision: Exempts from the section 102 Housing Impact Analysis any rule relating to the safety and soundness operations of any financial institution including the GSE’s.

1. HECMs: Technical changes to allow for initial service, appraisal and inspection fees with reverse mortgage proceeds used for long-term care insurance contracts, and extending waiver of up-front premium fees when proceeds are used for all qualifying health care services, subject to limitations (Lazio/LaFalce).

2. ARMS: Change text for ARMs limit from 40% of previous FHA activity to current law cap of 30% (Royce/Kelly).

3. 203(k): Technical changes, including clarification that affiliated business arrangements under RESPA (i.e. bundling of services), are not affected by the identity of interest protections. (Lazio)

4. FHA Police Provision: Allows reduced downpayment requirements for FHA loans for teachers and uniformed municipal employees (LaFalce). This provision compliments Rep. Green’s provision in Sec 204.

5. FHA Law Enforcement Provision: Make effective date of provision 3 years from implementation of the pilot program rather than date of enactment. Expands definition to include "correctional officers." (Rep. Green)

6. FHA Simplified Downpayment Program: Congress authorized a simplified downpayment for Alaska and Hawaii in 1998 and 1999 Appropriations. In FY 2000, Congress made the simplified downpayment apply nationwide. This provision would make the change permanent.

7. Section 249 (NHA) Affordable Housing Initiative: Amends section 249 of the National Housing Act to allow Community Development Financial Institutions (CDFI) to originate and service section 249 risk-sharing mortgage loans in a demonstration program. Section 249 was added to the NHA in 1983 by the PMI industry to allow HUD authority to conduct reinsurance demonstration programs in two Regions of the Country. (Baker)

8. GAO Report of FHA Home Inspections: Adds additional study requirements for GAO to report back on HUD’s implementation of the Department’s Homebuyer Protection Plan. (Baker)

1. Public Service Cap: Provides for a 5-year extension of the 25% public service cap for Los Angeles, CA. We authorized this for a two-year period in the public housing bill. The current authority lapses the end of this FY. (Royce/Dreier/Sherman/Waters)

2. Urban County Grandfathering: Grandfathers Salt Lake County under the CDBG program because the annexation trend in the area will leave the county ineligible as an urban county. (Cook)

3. Urban County Classification: The Community Development Block Grant (CDBG) Program statutory provisions, relating to the "urban county" classification, do not contemplate the form of consolidated city/county government found in Duval County, Florida (Jacksonville) where there is no unincorporated area. A pending decision by the Bureau of the Census, and subsequently by the U.S. Department of Housing and Urban Development (HUD), could cost the consolidated government nearly $500,000 a year in CDBG funds. Jacksonville is seeking legislation to prevent the loss of funding. This provision would classify Jacksonville as an "urban county." Such legislation would preserve the area’s longstanding status as an entitlement area for CDBG grants.

4. CDBG Municipal Employees: Provides a requirement that the 150% of median limit for the municipal employee program only applies to high-cost areas as determined by the Secretary. (Capuano)

5. CDBG Municipal Employees: Limits the municipal employee program to first-time homebuyers only. (Weldon)

1. Administrative Expenses: Provides flexibility in the HOME program to allow administrative expenses to be used over a long-term period to accommodate longer-term administration of servicing homeownership initiatives. (Leach)

2. Affordable Housing Coordination: Authorizes three pilot programs that would provide planning money to regions to coordinate affordable housing. This would be a set-aside from the HOME program for two years at $3 million each year. (Hooley)

3. HOME Municipal Employees: Provides a requirement that the 150% of median limit for the municipal employee program only applies to high-cost areas as determined by the Secretary. (Capuano)

4. Grandfamilies: Adds a technical change to the grandfamilies provision to accommodate "great-great grand children." (Capuano)

1. Lead Paint: The provision enables grantees to use grant funds from the existing HUD Lead Hazard Control Grant program to provide access to residential lead-based paint poisoning prevention services at centralized locations. It also allows funds to be used to provide temporary lead-safe housing. (Weygand)

1. Officer Next Door Program: Authorizes an Officer Next Door program for Indian housing programs. Also in Section 219 of the Administration’s Budget request.

1. One Dollar Homes: Amends Title IX to reflect a $1 dollar purchase program for HUD foreclosed homes held for 6 months or more. (HUD/Watts/Kasich)

1. Senate Compromise: This provision reinserts Title VII of HR 1776 (as introduced), the "Manufactured Housing Improvement Act of 1999," and altars the text to conform to Senate compromises. This includes some technical changes to keep consistent with the House bill’s base text:

2. Enforcement: Requires State issuance of appropriate orders for the correction or repair of defects in the manufactured homes that are reported during the 1-year period beginning on the date of installation under the dispute resolution program.

1. Rural Housing Preservation: Continues Agriculture’s existing Rural Housing Service grandfather for a narrow category of communities until the 2010 census. (Bereuter, HR 3706.)

2. Technical corrections