Improving FHA Support for Small-Dollar Mortgages Act of 2021

Hozzl · 2022-12-31T05:26:53Z

Explore the details of Senate Bill 2131 Improving FHA Support for Small-Dollar Mortgages Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Housing and Community Development. Stay informed on legislative developments.

12/31/2022, 5:26 AM

Congressional Summary of S 2131

Improving FHA Support for Small-Dollar Mortgages Act of 2021

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 $100,000. 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 S 2131

Bill S 2131 is currently in the status of Bill Introduced since June 17, 2021. Bill S 2131 was introduced during Congress 117 and was introduced to the Senate on June 17, 2021. Bill S 2131's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of June 24, 2021

Bipartisan Support of Bill S 2131

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 S 2131

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 S 2131

A bill 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 2021