Housing Finance And Home Ownership

Federal
US Congress 115th Congress

Risk Management and Homeowner Stability Act of 2017 [HB-916] [Finance ] [Housing ] [Real Estate ] [Budget and Spending ] [Insurance ]
Risk Management and Homeowner Stability Act of 2017 This bill amends the Congressional Budget Act of 1974 to prohibit the chairs of the congressional budget committees from counting increases to guarantee fees as offsets for budget enforcement purposes. The bill includes an exception for legislation that increases guarantee fees to finance reforms to the secondary mortgage market. (Guarantee fees are charged by enterprises, such as the Federal National Mortgage Association [Fannie Mae] and the Federal Home Loan Mortgage Corporation [Freddie Mac], (continued...)

  

Sponsored by: Rep. Barbara Lee Introduced In House on 02/07/2017

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Federal
US Congress 115th Congress

Common Sense Housing Investment Act of 2017 [HB-948] [Housing ] [Budget and Spending ] [Funding ] [Grants ] [Community Development ]
Common Sense Housing Investment Act of 2017 apply the savings from the enactment of this bill to the Housing Trust Fund, rental assistance programs, and the Public Housing Capital Fund. The Department of Housing and Urban Development must revise regulations for the Housing Trust Fund to: (1) increase the limitation on funds that are available for operating assistance for housing, (2) allow public housing agencies and tribally designated housing entities to be the recipients of grants that are allocated to a state or a state designated entity, and (continued...)

  

Sponsored by: Rep. Barbara Lee Introduced In House on 02/07/2017

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Federal
US Congress 115th Congress

A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes. [S.310] [Housing ] [Real Estate ] [Nonprofit ] [Taxes ] [Consumer Protection ]
A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes. This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable.

  

Sponsored by: Sen. Rob Portman Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/06/2017

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Federal
US Congress 115th Congress

Housing Financial Literacy Act of 2017 [HB-851] [Housing ] [Finance ] [Consumer Protection ] [Real Estate ]
Housing Financial Literacy Act of 2017 This bill amends the National Housing Act to modify the discount given by the Federal Housing Administration (FHA) on single-family mortgage-insurance premium payments for first-time homebuyers who complete a financial-management counseling program. Under current law, the maximum premium amount for such homebuyers is 2.75% of the original insured principal obligation of the mortgage (compared to 3% for other homebuyers). The bill instead requires that the maximum premium amount for such homebuyers be 25 basis (continued...)

  

Sponsored by: Rep. Barbara Lee Introduced In House on 02/03/2017

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Federal
US Congress 115th Congress

HOME Act Helping Our Middle-Class Entrepreneurs Act [HB-836] [Taxes ] [Small Business ] [Housing ] [Economic Development ]
HOME Act Helping Our Middle-Class Entrepreneurs Act This bill amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. The bill provides for an inflation adjustment to the standard deduction amount in calendar years beginning after 2017.

  

Sponsored by: Rep. Michelle Lujan Grisham Introduced In House on 02/02/2017

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Federal
US Congress 115th Congress

HOME Act Helping Our Middle-Class Entrepreneurs Act [S.290] [Taxes ] [Small Business ] [Housing ] [Economic Development ]
HOME Act Helping Our Middle-Class Entrepreneurs Act This bill amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. The bill provides for an inflation adjustment to the standard deduction amount in calendar years beginning after 2017.

  

Sponsored by: Sen. Tom Udall Read Twice And Referred To The Committee On Finance. on 02/02/2017

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Federal
US Congress 115th Congress

To amend title 38, United States Code, to adjust certain limits on the guaranteed amount of a home loan under the home loan program of the Department of Veterans Affairs. [HB-815] [Housing ] [Veterans ]
To amend title 38, United States Code, to adjust certain limits on the guaranteed amount of a home loan under the home loan program of the Department of Veterans Affairs. This bill changes the maximum amount of a veteran's home loan of more than $144,000 that is guaranteed by the Department of Veterans Affairs to 25% of the loan amount.

  

Sponsored by: Rep. Ann Kuster Subcommittee Consideration And Mark-up Session Held. on 10/25/2017

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Federal
US Congress 115th Congress

Housing America's Workforce Act of 2017 [HB-764] [Housing ] [Taxes ] [Labor, Jobs, Employment ] [Small Business ] [Community Development ] [Funding ] [Grants ] [Nonprofit ] [Economic Development ]
Housing America's Workforce Act of 2017 This bill amends the Internal Revenue Code to allow employers a business-related tax credit for up to 50% (100% for small business employers) of the qualified housing expenses paid for the benefit of their employees. The bill defines "qualified housing expenses" to include homeownership assistance and rental assistance. The bill limits the annual amount of such credit per employee to the lesser of $10,000 or 6% of an employee's home purchase price, or up to $5,000 for rental assistance, adjusted for inflation (continued...)

  

Sponsored by: Rep. Nydia Velazquez Introduced In House on 01/31/2017

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Federal
US Congress 115th Congress

BARN Act Better Agriculture Resources Now Act [HB-641] [Agriculture ] [Immigration ] [Labor, Jobs, Employment ]
BARN Act Better Agriculture Resources Now Act This bill revises the H-2A nonimmigrant agricultural worker visa program, including with respect to: (1) agricultural labor and services, (2) application requirements, (3) wages, (4) period of authorized nonimmigrant status, (5) housing, (6) legal assistance, and (7) violations.

  

Sponsored by: Rep. Luke Messer Referred To The Subcommittee On Immigration And Border Security. on 02/08/2017

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Federal
US Congress 115th Congress

Tax Benefit for Homeownership Clarification Act [HB-516] [Housing ] [Real Estate ] [Taxes ]
Tax Benefit for Homeownership Clarification Act This bill amends the Internal Revenue Code to reduce the limitation on the mortgage interest deduction for the acquisition indebtedness of certain taxpayers. (Acquisition indebtedness is indebtedness that: (1) is incurred in acquiring, constructing, or substantially improving any qualified residence of the taxpayer; and (2) is secured by such residence. It also includes refinancing of the debt in certain situations.)

  

Sponsored by: Rep. Keith Ellison Introduced In House on 01/13/2017

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Federal
US Congress 115th Congress

End Unnecessary Borrowing Act of 2017 [HB-492] [Housing ] [Finance ] [Budget and Spending ] [Real Estate ]
End Unnecessary Borrowing Act of 2017 This bill amends the National Housing Act with respect to the requirement that the Department of Housing and Urban Development (HUD) endeavor to ensure that the Mutual Mortgage Insurance Fund (MMI Fund) attains a capital ratio of not less than 2% within 10 years after enactment of that requirement (November 5, 1990) and to ensure that the fund maintains at least that capital ratio at all times thereafter. The bill prohibits these requirements from being construed to authorize or require HUD to borrow any amounts (continued...)

  

Sponsored by: Rep. Michael Capuano Introduced In House on 01/12/2017

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Federal
US Congress 115th Congress

Let the GSEs Pay Us Back Act of 2017 [HB-491] [Finance ] [Housing ] [Real Estate ] [Investments ]
Let the GSEs Pay Us Back Act of 2017 This bill provides for the repayment of amounts previously borrowed by government-sponsored enterprises (GSEs) from the Department of the Treasury. GSEs are financial services corporations created by Congress and include the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Under an existing Preferred Stock Purchase Agreement, net income from the GSEs is directed to Treasury as a dividend but is not counted toward repayment of the GSEs' debt. The (continued...)

  

Sponsored by: Rep. Michael Capuano Introduced In House on 01/12/2017

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Federal
US Congress 115th Congress

Mortgage Debt Tax Relief Act [S.122] [Housing ] [Real Estate ] [Taxes ]
Mortgage Debt Tax Relief Act This bill amends the Internal Revenue Code to extend through 2018 the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence.

  

Sponsored by: Sen. Bernard Sanders Read Twice And Referred To The Committee On Finance. on 01/12/2017

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Federal
US Congress 115th Congress

Credit Union Residential Loan Parity Act [HB-389] [Finance ] [Housing ] [Real Estate ] [Small Business ]
Credit Union Residential Loan Parity Act This bill amends the Federal Credit Union Act to allow a credit union to extend a member business loan with respect to a one- to four-family dwelling, regardless of whether the dwelling is the member's primary residence. Under current law, a member business loan may be extended with respect to such a dwelling only if it is the member's primary residence.

  

Sponsored by: Rep. David Valadao Introduced In House on 01/10/2017

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Federal
US Congress 115th Congress

Fannie Mae and Freddie Mac Transparency Act of 2017 [HB-298] [Finance ] [Housing ] [Real Estate ] [Consumer Protection ]
Fannie Mae and Freddie Mac Transparency Act of 2017 This bill requires either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) to be considered an agency subject to the public information disclosure requirements of the Freedom of Information Act during any period in which such entity is under conservatorship or receivership.

  

Sponsored by: Rep. Jason Chaffetz Introduced In House on 01/05/2017

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Federal
US Congress 115th Congress

Blue Water Navy Vietnam Veterans Act of 2017 [HB-299] [Veterans ] [Healthcare ] [Housing ]
Blue Water Navy Vietnam Veterans Act of 2017 This bill extends the presumption of service connection for certain diseases associated with herbicide exposure to veterans who served: (1) in the territorial seas of Vietnam between January 9, 1962, and May 7, 1975, or (2) in or near the Korean demilitarized zone between September 1, 1967, and August 31, 1971. Under a presumption of service-connection, specific disabilities diagnosed in certain veterans are presumed to have been caused by the circumstances of their military service. Health care benefits (continued...)

  

Sponsored by: Rep. Alexander Mooney Committee On Veterans' Affairs. Hearings Held. on 08/01/2018

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Federal
US Congress 115th Congress

Home Foreclosure Reduction Act of 2017 [HB-134] [Housing ] [Real Estate ] [Finance ] [Consumer Protection ]
Home Foreclosure Reduction Act of 2017 This bill amends federal bankruptcy law governing a Chapter 13 debtor (adjustment of debts of an individual with regular income) to exclude from the computation of debts the secured or unsecured portions of: (1) debts secured by the debtor's principal residence if the value of the residence is less than the applicable maximum amount of noncontingent, liquidated, secured debts; or (2) debts secured or formerly secured by the debtor's principal residence that was either sold in foreclosure or surrendered to the (continued...)

  

Sponsored by: Rep. Henry Johnson Assuming First Sponsorship - Mr. Jeffries Asked Unanimous Consent That He May Hereafter Be The First Sponsor Of H.r. 134, A Bill Originally Introduced By Representative Conyers, For The Purpose Of Adding Cosponsors And Requesting Reprintings Pursuant To Clause 7 Of Rule Xii. Agreed To Without Objection. on 07/26/2018

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Federal
US Congress 115th Congress

FHA Alternative Credit Pilot Program Reauthorization Act of 2017 [HB-123] [Housing ] [Finance ] [Consumer Protection ]
FHA Alternative Credit Pilot Program Reauthorization Act of 2017 This bill amends the National Housing Act to reauthorize a pilot program that establishes for mortgagees an automated process for providing alternative credit rating information on mortgagors and prospective mortgagors under mortgages on one- to four-family residences who have insufficient credit histories for determining their creditworthiness.

  

Sponsored by: Rep. Al Green Introduced In House on 01/03/2017

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Federal
US Congress 115th Congress

Original Living Wage Act of 2017 [HB-122] [Labor, Jobs, Employment ] [Poverty ] [Children and Youth ] [Inflation ]
Original Living Wage Act of 2017 This bill amends the Fair Labor Standards Act of 1938 to increase the federal minimum wage to the minimum hourly wage sufficient for a person working for 40 hours per week, 52 weeks per year, to earn an annual income 15% higher than the federal poverty threshold for a four-person household, with two children under age 18, and living in the 48 contiguous states. The Department of Labor (DOL) shall determine the minimum wage rate by June 1, 2017, and review it every four years. DOL may not adjust the minimum wage to (continued...)

  

Sponsored by: Rep. Barbara Lee Introduced In House on 01/03/2017

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Federal
US Congress 115th Congress

Mortgage Insurance Tax Deduction Act of 2017 [HB-109] [Housing ] [Taxes ] [Real Estate ]
Mortgage Insurance Tax Deduction Act of 2017 This bill amends the Internal Revenue Code to make permanent the tax deduction for mortgage insurance premiums.

  

Sponsored by: Rep. Julia Brownley Introduced In House on 01/03/2017

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