COVID-19 Homeowner Assistance Fund Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary 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.
What just happenedMay 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.
Who’s behind it
- Introduced in HouseMay 5, 2020
- May 5, 2020IntroReferralH11100
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.
Budget Committee - May 5, 2020IntroReferralH11100
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.
Financial Services Committee - May 5, 2020IntroReferralIntro-H
Introduced in House
- May 5, 2020IntroReferral1000
Introduced in House