Improving FHA Support for Small Dollar Mortgages Act of 2020

Hozzl · 2022-02-09T03:26:17Z

Explore the details of House Bill 5931 Improving FHA Support for Small Dollar Mortgages Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Housing and Community Development. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5931

Primary Policy Focus

Housing and Community Development

Potential 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

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