Housing Finance And Home Ownership
US Congress 116th Congress
National Flood Insurance Program Reauthorization and Reform Act of 2019 [S.2187]
[Insurance ]
[Disaster Relief ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
[Funding ]
[Grants ]
[Infrastructure ]
Generally revises the National Flood Insurance Program (NFIP) and reauthorizes the program through FY2024. The bill addresses NFIP coverage, cost, and availability, including by generally prohibiting the Federal Emergency Management Agency (FEMA) from raising certain premiums, surcharges, and fees more than 9% a year for five years; revising flood insurance coverage limits; establishing the Affordability Assistance Fund to provide financial assistance to low income households through vouchers, grants, or premium credits; and revising standards and
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FHA Foreclosure Prevention Act of 2019 [HB-3958]
[Housing ]
[Finance ]
[Consumer Protection ]
[Real Estate ]
Revises foreclosure-prevention measures for single-family homes insured by the Federal Housing Administration. Specifically, the bill requires documentation from mortgage servicers of loss mitigation efforts, provides the Department of Housing and Urban Development with oversight responsibilities over mortgage servicers, establishes a complaint procedure for borrowers regarding mortgage servicers, and requires a mortgage servicer to provide notice to borrowers regarding the loss mitigation process.
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Strategy and Investment in Rural Housing Preservation Act of 2019 [HB-3620]
[Housing ]
[Agriculture ]
[Poverty ]
[Funding ]
[Budget and Spending ]
[Community Development ]
To provide rental assistance to low-income tenants in certain multifamily rural housing projects financed by the Rural Housing Service of the Department of Agriculture, and to develop and implement a plan for preserving the affordability of rural rental housing, and for other purposes.
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Free Credit Scores for Consumers Act of 2019 [HB-3618]
[Consumer Protection ]
[Finance ]
[Data Privacy ]
Requires credit reporting agencies to provide free credit scores to consumers with their free annual consumer reports. The bill also provides for automatic free credit scores and consumer reports in specified circumstances. Credit reporting agencies must provide consumers with additional information regarding the calculation of their credit score. Specified lenders must give consumers free copies of any consumer reports and credit scores they used for underwriting before consumers sign the respective loan agreements.
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Appraisal Fee Transparency Act of 2019 [HB-3619]
[Real Estate ]
[Finance ]
[Veterans ]
[Housing ]
[Consumer Protection ]
Revises provisions related to real estate appraisals. Specifically, the bill adds trainee appraisers to the National Registry of Appraisers, allows the Federal Financial Institutions Examination Council's Appraisal Subcommittee to adjust annual registry fees for appraisal management companies, requires the disclosure of appraisal fees in the case of an appraisal coordinated by an appraisal management company, allows nonprofit organizations and institutions of higher education to receive certain grants, and adds a designee of the Department of Veterans
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Restoring Unfairly Impaired Credit and Protecting Consumers Act [HB-3622]
[Consumer Protection ]
[Data Privacy ]
[Finance ]
[Healthcare ]
[Medicare and Medicaid ]
[Senior Citizens ]
Revises requirements regarding consumer credit information included by a consumer reporting agency on a credit report, including by requiring removal of adverse information that resulted from specified fraudulent lending activity, shortening the time period adverse information stays on reports, and limiting the inclusion of certain medical debt on reports. The bill also requires a consumer reporting agency to provide free credit monitoring and identity theft protection services to certain consumers, including victims of fraud, active duty military,
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Transforming Student Debt to Home Equity Act of 2019 [HB-3511]
[Student Loans ]
[Housing ]
[Real Estate ]
[Community Development ]
[Economic Development ]
Requires the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency to jointly establish and implement a pilot demonstration program to provide, to eligible applicants with federal student loan debt, assistance in purchasing eligible properties. Specifically, the program may provide for (1) discounts on the appraised value of eligible properties, (2) flexibility in certain underwriting standards, (3) the development of new mortgage products specifically targeted to eligible applicants, and (4) other appropriate
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Affordable HOUSE Act Affordable Housing Opportunities for Utilization, Sustainment, and Expansion Act of 2019 [HB-3478]
[Housing ]
[Taxes ]
[Real Estate ]
Amends the Internal Revenue Code, with respect to the low-income housing tax credit, to modify the basis limitation rules applicable to the acquisition of buildings in service within the previous 10 years.
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Homeownership for DREAMers Act [S.1929]
[Housing ]
[Immigration ]
[Real Estate ]
[Consumer Protection ]
Prohibits federal mortgage providers from limiting insurance eligibility on the basis of the mortgagor's participation in the Deferred Action for Childhood Arrivals Program.
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Taxpayer Certainty and Disaster Tax Relief Act of 2019 [HB-3301]
[Taxes ]
[Energy ]
[Disaster Relief ]
[Budget and Spending ]
[Small Business ]
Extends certain individual and business-related tax provisions, provides tax incentives for energy production and green economy jobs, eliminates the increase in the estate and gift tax unified credit after 2022, and provides disaster tax relief.
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Neighborhood Homes Investment Act [HB-3316]
[Housing ]
[Taxes ]
[Real Estate ]
[Community Development ]
[Economic Development ]
[Construction ]
[Small Business ]
Establishes a new business-related tax credit to finance home building and rehabilitation in neighborhoods that meet certain eligibility criteria relating to poverty rates, income, and home values. The credit is limited to 35% of the lesser of the qualified development cost (i.e., the cost of construction, substantial rehabilitation, demolition, and environmental remediation of residential properties) or 80% of the national median sale price for new homes. The credit applies to single family homes containing four or fewer residential units, condominiums,
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HUD Manufactured Housing Modernization Act of 2019 [S.1804]
[Housing ]
[Community Development ]
[Construction ]
Requires the Department of Housing and Urban Development to issue guidelines for jurisdictions regarding the inclusion of residential manufactured homes in a jurisdiction's housing affordability strategy and community development plan.
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HUD Manufactured Housing Modernization Act of 2019 [S.1804]
[Housing ]
[Community Development ]
[Construction ]
Requires the Department of Housing and Urban Development to issue guidelines for jurisdictions regarding the inclusion of residential manufactured homes in a jurisdiction's housing affordability strategy and community development plan.
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National Flood Insurance Program Reauthorization Act of 2019 [HB-3167]
[Insurance ]
[Disaster Relief ]
[Housing ]
Generally revises the National Flood Insurance Program (NFIP) and reauthorizes the program through FY2024. Among other things, the bill expands the NFIP mapping program, establishes capitalization grants for states to provide low-interest loans, establishes pilot programs for means-tested flood insurance rates and community-based NFIP coverage, and revises continuous coverage requirements.
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Homeownership for DREAMers Act [HB-3154]
[Housing ]
[Immigration ]
[Real Estate ]
[Consumer Protection ]
Prohibits federal mortgage providers from limiting insurance eligibility on the basis of the mortgagor's participation in the Deferred Action for Childhood Arrivals Program.
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Homeownership for DREAMers Act [HB-3154]
[Housing ]
[Immigration ]
[Real Estate ]
[Consumer Protection ]
Prohibits federal mortgage providers from limiting insurance eligibility on the basis of the mortgagor's participation in the Deferred Action for Childhood Arrivals Program.
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FHA Loan Affordability Act of 2019 [HB-3141]
[Housing ]
[Finance ]
[Insurance ]
[Real Estate ]
[Consumer Protection ]
Requires Federal Housing Administration mortgage borrowers to pay mortgage insurance premiums only when their remaining principal balance exceeds 78% or more of the home value or sales price. The bill applies only to mortgages insured after the bill's enactment.
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Protecting Affordable Mortgages for Veterans Act of 2019 [S.1749]
[Housing ]
[Veterans ]
[Finance ]
[Real Estate ]
[Insurance ]
Revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.
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FHA Appraiser Eligibility Expansion Act [S.1722]
[Housing ]
[Finance ]
[Real Estate ]
[Consumer Protection ]
Modifies requirements for appraisers of Federal Housing Administration-insured mortgages. Currently, an appraiser must be certified by certain state or national entities. The bill removes the national entities from the list of approved certification entities and provides additional competency and education requirements.
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Affordable Housing Credit Improvement Act of 2019 [HB-3077]
[Housing ]
[Real Estate ]
[Taxes ]
[Construction ]
[Community Development ]
[Energy ]
[Native American Affairs ]
Revises provisions of the low-income housing tax credit and renames it as the affordable housing credit. The bill increases the per capita dollar amount of the credit and its minimum ceiling amount beginning in 2019 and extends the inflation adjustment for such amounts. The bill modifies tenant income eligibility requirements and the average income formula for determining such income. It also revises rules for student occupancy of rental units and tenant voucher payments and prohibits any refusal to rent to victims of domestic abuse. The bill further
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