Last week, the Senate passed the Frank-Dodd Wall Street Reform and Consumer Protection Act (H.R. 4173) by a 60-30 vote. The bill is expected to be signed by President Obama this week. Among other provisions, the bill extends through 2014 the Protecting Tenants at Foreclosure Act (PTFA), which enables renters whose landlords have lost their properties to foreclosure to stay in their home for 90 days after the foreclosure or through the term of their lease. PTFA offers similar protections to housing choice voucher holders. H.R. 4173 also requires the HUD Secretary to develop a program to refinance troubled multifamily mortgages. Read More…
Related Posts
Rep. Cole Selected House Appropriations Chair, Rep. Womack Selected as THUD Subcommittee Chair
Representative Tom Cole (R-OK) will chair the full House Appropriations committee, following the retirement of Chair Kay Granger (R-TX) at the end of her term.
Senate Banking Committee Holds Hearing on Challenges Preserving the U.S. Housing Stock
On April 16, the Housing, Transportation and Community Development Subcommittee of the Senate Committee on Banking, Housing and Urban Affairs held a hearing on Challenges in Preserving the U.S. Housing Stock.
Senate Holds HUD, FHFA Oversight Hearing – April 18
The Senate Committee on Banking, Housing and Urban Affairs will hold an Oversight of Federal Housing Regulators hearing on April 18 at 10 a.m. ET. HUD Acting Secretary Adrianne Todman and Federal Housing Finance Agency (FHFA) Director Sandra Thompson will testify.
Comments on Proposed Rule Modifying PHA Selection Criteria for Applicants with Convictions, Arrest Records Due June 10
HUD published a proposed rule that would amend the regulations governing admission to certain HUD-supported housing for applicants with criminal records or histories of involvement with the criminal justice system and evictions based on illegal drug use, drug-related criminal activity or other criminal activity.