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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Financial Services
      House Committee on Ways and Means
    IntroducedDecember 21st, 2010

Bill Details

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Title

American Residential Housing Recovery Act of 2010

Official Title

To revitalize home ownership by establishing a shared equity appreciation homeownership pilot program.

Summary

American Residential Housing Recovery Act of 2010 - Directs the Secretary of the Treasury to carry out a shared equity appreciation financing pilot program to analyze the effectiveness of shared equity financing methods that stimulate the flow of private equity capital into the housing sector, while mitigating risk to borrowers. Amends the Internal Revenue Code to allow a tax credit for private investment in shared equity appreciation contracts. Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to: (1) treat shared equity appreciation contracts as a consumer financial product; and (2) provide for regulatory oversight of shared equity appreciation contracts by the Bureau of Consumer Financial Protection.

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