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Improving FHA Support for Small Dollar Mortgages Act of 2020
2/9/2022, 3:26 AM
Congressional Summary of HR 5931
Improving FHA Support for Small Dollar Mortgages Act of 2020
This bill directs the Department of Housing and Urban Development (HUD) to report on barriers to making Federal Housing Administration (FHA) single-family mortgage insurance available for mortgages under $70,000. Specifically, HUD must report on policies, practices, and products used by the FHA and actions that will be taken to remove such barriers.
Read the Full Bill
Current Status of Bill HR 5931
Bill HR 5931 is currently in the status of Bill Introduced since February 21, 2020. Bill HR 5931 was introduced during Congress 116 and was introduced to the House on February 21, 2020. Bill HR 5931's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 3, 2020
Bipartisan Support of Bill HR 5931
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
5Democrat Cosponsors
3Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5931
Primary Policy Focus
Housing and Community DevelopmentPotential Impact Areas
- Congressional oversight
- Government studies and investigations
- Housing finance and home ownership
- Housing supply and affordability
Alternate Title(s) of Bill HR 5931
Improving FHA Support for Small Dollar Mortgages Act of 2020
Improving FHA Support for Small Dollar Mortgages Act of 2020
To require a review of the effects of FHA mortgage insurance policies, practices, and products on small-dollar mortgage lending, and for other purposes.
Improving FHA Support for Small Dollar Mortgages Act of 2020
Improving FHA Support for Small Dollar Mortgages Act of 2020
Comments
Sponsors and Cosponsors of HR 5931
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