I 

111TH CONGRESS 

2D SESSION H. R. 5601 

To provide relief to homeowners with mortgages insured by the FHA who 

are economically affected as a result of the discharge of oil in the 

Gulf of Mexico caused by the explosion on and sinking of the mobile 

offshore drilling unit Deepwater Horizon, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 24, 2010 

Mr. PUTNAM (for himself and Mr. MILLER of Florida) introduced the 

following bill; which was referred to the Committee on Financial Services 

A BILL 

To provide relief to homeowners with mortgages insured by 

the FHA who are economically affected as a result of 

the discharge of oil in the Gulf of Mexico caused by 

the explosion on and sinking of the mobile offshore drilling unit Deepwater Horizon, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Gulf Coast Home5 owners Relief Act of 2010’’. 


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1 SEC. 2. SPECIAL FORBEARANCE FOR FHA MORTGAGORS. 

2 The provisions of Mortgagee Letter 2002–17 of the 

3 Secretary of Housing and Urban Development (regarding 

4 ‘‘Special Forbearance: Program Changes and Updates’’) 

5 relating to Type I Special Forbearance shall apply, until 

6 the conclusion of fiscal year 2011 and may not be revoked, 

7 annulled, repealed, or rescinded during such period, with 

8 respect to mortgagees of mortgages that are insured under 

9 title II of the National Housing Act, are secured by one10 to four-family dwellings, and have mortgagors who, as a 

11 result of the explosion on and sinking of the mobile off12 shore drilling unit Deepwater Horizon, the discharge of 

13 oil in the Gulf of Mexico caused by such explosion and 

14 sinking, or the effects of such discharge on the economy 

15 in the areas affected by such discharge, have suffered a 

16 loss of income or an increase in living expenses. 

17 SEC. 3. SHORT- AND LONG-TERM PLANS TO ASSIST AF18 FECTED HOMEOWNERS. 

19 (a) SHORT-TERM PLAN.—Not later than the expira20 tion of the 15-day period beginning on the date of the en21 actment of this Act, the Secretary of Housing and Urban 

22 Development shall develop and submit to the Congress a 

23 list of programs and resources administered by the Sec24 retary that will be made immediately available to assist 

25 homeowners of one- to four-family dwelling, and commu26 nities that have suffered negative economic consequences 


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1 as a result of the explosion on and sinking of the mobile 

2 offshore drilling unit Deepwater Horizon or the discharge 

3 of oil in the Gulf of Mexico caused by such explosion and 

4 sinking. 

5 (b) LONG-TERM PLAN.—Not later than the expira6 tion of the 45-day period beginning on the date of the en7 actment of this Act, the Secretary of Housing and Urban 

8 Development shall develop and submit to the Congress a 

9 long-term plan to assist homeowners of one- to four-family 

10 dwellings, and communities, that have suffered negative 

11 economic consequences as a result of the explosion on and 

12 sinking of the mobile offshore drilling unit Deepwater Ho13 rizon or the discharge of oil in the Gulf of Mexico caused 

14 by such explosion and sinking. Such plan shall identify 

15 available programs and resources administered by the Sec16 retary under which such assistance will be provided, any 

17 actions the Secretary will take to provide such assistance, 

18 any recommendations for legislative changes necessary to 

19 carry out such plan, and any recommendations for stream20 lining existing programs to facilitate more targeted or ex21 pedited assistance to homeowners and communities so af22 fected. 

Æ 


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