The per-unit dollar limits are replaced across seven mortgage insurance programs
What the document says“(A) by striking ``$38,025'' and inserting ``$167,310''; (B) by striking ``$42,120'' and inserting ``$185,328''; (C) by striking ``$50,310'' and inserting ``$221,364'';”
The section replaces the per-unit dollar limits in sections 207(c)(3)(A), 213(b)(2), 220(d)(3)(B)(iii)(I), 221(d)(4)(ii)(I), 231(c)(2)(A), and 234(e)(3)(A) of the National Housing Act, in each case striking the older figure and inserting a much larger one. It also strikes the clause capping a figure at $17,460 per space in section 207(c)(3)(A). The new figures across the seven programs run from $166,509 to $385,387.
What the document actually says“(A) by striking ``$38,025'' and inserting ``$167,310''; (B) by striking ``$42,120'' and inserting ``$185,328''; (C) by striking ``$50,310'' and inserting ``$221,364'';”
One old dollar figure is taken out. A much larger one goes in. That is done again and again down the list.
These figures cap how much a loan may cover per home. They were set long ago and never kept up. The same swap is made in seven programs.
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