HR 8974 · 116th Congress · Finance and Financial Sector

FHA Fairness Act

Introduced 2020-12-16· Sponsored by Rep. Aguilar, Pete [D-CA-31]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-12-16)

Plain Language Summary

[AI summary unavailable — showing source text] FHA Fairness Act This bill increases the mortgage limit for federal mortgage insurance eligibility for homes in certain cities and counties. Specifically, this increase applies to metropolitan cities and urban counties with higher housing costs that have experienced a decrease in home values over a specified time period.…

Summarized by Claude AI · Non-partisan · For informational purposes only