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Homeowner Assistance Fund: Support for At-Risk Borrowers

This act establishes a Homeowner Assistance Fund to prevent home loss for individuals and families facing financial hardship after January 21, 2020. The fund aims to support mortgage payments, utility bills, and property taxes, helping maintain housing stability.
Key points
Financial aid for homeowners at risk of losing their homes due to financial difficulties after the pandemic.
Support includes mortgage payment assistance, overdue utility bills (electricity, gas, water, internet), and property taxes.
Funds are available for households whose income does not exceed 150% of the area median income.
A portion of the funds is allocated to U.S. territories and Native American and Hawaiian communities.
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Expired
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Additional Information
Print number: 117_S_254
Sponsor: Sen. Reed, Jack [D-RI]
Process start date: 2021-02-04
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

A bill to establish a Homeowner Assistance Fund at the Department of the Treasury.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_254.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-02-04.

What are the main provisions?

Key points include:

  • Financial aid for homeowners at risk of losing their homes due to financial difficulties after the pandemic.
  • Support includes mortgage payment assistance, overdue utility bills (electricity, gas, water, internet), and property taxes.
  • Funds are available for households whose income does not exceed 150% of the area median income.
  • A portion of the funds is allocated to U.S. territories and Native American and Hawaiian communities.
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 Sen. Reed, Jack [D-RI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Real Estate Benefits Economy