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To provide for the transfer of certain real property by the Secretary of Housing and Urban Development.
To provide for the transfer of certain real property by the Secretary of Housing and Urban Development.
Summary
The bill transfers a surplus federal property known as Poinciana Plaza Housing in Key West, Florida to the Department of Housing and Urban Development for sale to the City of Key West. The property must be used exclusively for low- and moderate-income housing for 30 years, with 60 percent of units reserved for low-income individuals and families and 40 percent for moderate-income individuals and families. The sale price is set at $5,000,000 minus any costs previously incurred by the City, payable over the 30-year period. If the property is not used as intended during the 30-year period, all rights to the property revert to the federal government.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Actions (3)
- Jan 15, 2002 Referred to the Subcommittee on Technology and Procurement Policy. · house
- Dec 19, 2001 Referred to the House Committee on Government Reform. · house
- Dec 19, 2001 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
December 19, 2001
Mr. Deutsch introduced the following bill; which was referred to the Committee on Government Reform
A BILL
To provide for the transfer of certain real property by the Secretary of Housing and Urban Development.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. TRANSFER OF PROPERTY.
(a) Assignment to HUD.—The Administrator of General Services shall assign to the Secretary of Housing and Urban Development the surplus property known as the Poinciana Plaza Housing property and located in the City of Key West, Florida, for disposal only as provided under subsection (b).
(b) Sale by HUD.—The Secretary of Housing and Urban Development shall dispose of the property referred to in subsection (a) by sale to the City of Key West, Florida, in accordance with the procedures and requirements of section 203(k)(6) of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 484(k)(6)), except that—
(1) notwithstanding such section, the property shall be used exclusively for the purpose of providing housing or housing assistance for low- and moderate-income individuals or families, as provided in paragraph (2), for the 30-year period beginning upon transfer of the property, and the Secretary shall include in the deed transferring the property such restrictions, and enter into any other such legally binding agreements, as may be necessary to ensure compliance with this paragraph;
(2) during the period referred to in paragraph (1), of the dwelling units in the property—
(A) 60 percent shall be available only for occupancy by low-income individuals and families; and
(B) 40 percent shall be available only for occupancy by moderate-income individuals and families;
(3) notwithstanding subparagraphs (B) and (C) of such section, such transfer shall not be subject to the disapproval of the Administrator of General Services;
(4) the provisions of subparagraph (C)(i) of such section (relating to self-help labor) shall not apply to such transfer;
(5) notwithstanding subparagraph (E) of such section, the Secretary shall fix the sale value of the property at $5,000,000 less any costs incurred at the property by the City of Key West during any period that such City held a leasehold interest in the property, which shall be payable over the 30- year period referred to in paragraph (1), as provided by the Secretary; and
(6) during the 30-year period beginning on the date that the Secretary transfers the property pursuant to this subsection, if the Secretary determines that the property is not being used and occupied in accordance with this subsection, all right, title, and interest in and to the property, including any improvements thereon, shall revert to the United States and, upon such reversion, the United States shall immediately proceed to a public sale of the property. <all>
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