Stop HR 1999

[snowshoe]

H.R.1999  Title: To authorize appropriations for assistance for the National Council of La Raza and the Raza Development Fund.
Sponsor: Rep Hinojosa, Ruben [TX-15] (introduced 4/23/2007)
(a) Use- The Secretary of Housing and Urban Development shall, to the extent amounts are made available pursuant to subsection (b), make a grant to the National Council of La Raza for the purpose of providing technical and financial assistance to local non-profit organizations to undertake community development and affordable housing projects and programs serving low- and moderate-income households, particularly through organizations located in neighborhoods with substantial populations of income-disadvantaged households of Hispanic origin. Assistance provided by the Secretary under this section may be used by the National Council of La Raza or the Raza Development Fund to--

(1) provide technical and financial assistance for site acquisition and development, construction financing, and short- and long-term financing for housing, community facilities, and economic development;

(2) leverage capital from private entities, including private financial institutions, insurance companies, and private philanthropic organizations;

(3) provide technical assistance, training, support, and advice to develop the management, financial, and administrative capabilities of housing development organizations serving low-income households, including Hispanic households; and

(4) conduct such other activities as may be determined by the Secretary and the National Council of La Raza.

(b) Authorization of Appropriations- There is authorized to be appropriated for grants under this section--

(1) $5,000,000 for fiscal year 2008; and

(2) $10,000,000 for each fiscal.

They will use this money for terrorist purposes.