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H.R. 6729 · 116th Congress

COVID-19 Homeowner Assistance Fund Act of 2020

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

This bill establishes the Homeowner Assistance Fund at the Department of the Treasury to support state housing finance agencies. The funds may be used to prevent mortgage defaults, housing foreclosures, and the displacement of families and individuals experiencing financial hardship after January 21, 2020.

What it does: CRS summary · Introduced in House · May 5, 2020

COVID-19 Homeowner Assistance Fund Act of 2020

This bill establishes the Homeowner Assistance Fund at the Department of the Treasury to support state housing finance agencies. The funds may be used to prevent mortgage defaults, housing foreclosures, and the displacement of families and individuals experiencing financial hardship after January 21, 2020. Funds may specifically be used for assistance with mortgage payments, taxes, specified insurance, homeowner association fees, utility payments, and for the reimbursement of state or local funds previously used to provide such assistance as a response to the COVID-19 (i.e., coronavirus disease 2019) pandemic. The bill otherwise provides for income requirements and allocation of funds to eligible states, territories, and tribes.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: COVID-19 Homeowner Assistance Fund Act of 2020

Latest action (May 5, 2020): Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Policy area: Housing and Community Development · Origin: House · Introduced: May 5, 2020

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.