arrow_back Back to App

FHA Support for Small Mortgages: Easing Homeownership Access

This act aims to investigate why it's harder to get a mortgage for less expensive homes (under $70,000) and what can be done to change this. The goal is to help more people access homeownership, especially those struggling to secure financing for smaller properties.
Key points
A review of FHA mortgage insurance policies is mandated to identify barriers for small-dollar mortgages (under $70,000).
The objective is to facilitate access to mortgages for more affordable properties, potentially helping lower-income individuals buy homes.
A report on the review, including an action plan, is due to Congress within 12 months.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_1532
Sponsor: Rep. Tlaib, Rashida [D-MI-13]
Process start date: 2021-03-03
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Improving FHA Support for Small-Dollar Mortgages Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1532.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-03.

What are the main provisions?

Key points include:

  • A review of FHA mortgage insurance policies is mandated to identify barriers for small-dollar mortgages (under $70,000).
  • The objective is to facilitate access to mortgages for more affordable properties, potentially helping lower-income individuals buy homes.
  • A report on the review, including an action plan, is due to Congress within 12 months.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Tlaib, Rashida [D-MI-13].

What is the latest detailed status?

The latest detailed status is: Pursuant to section 6 of H. Res. 330, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 367; H.R. 370; H.R. 396; H.R. 397, as amended; H.R. 408; H.R. 490; H.R. 965, as amended; H.R. 1251, as amended; H.R. 1395; H.R. 1491; H.R. 1528; H.R. 1532; H.R. 1565; H.R. 1602; and H.R. 2523, as amended; and the following resolution was agreed to under suspension of the rules: H. Res. 124, as amended. (consideration: CR H1979-1994; text: CR H1989)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Real Estate Economy