Homeownership for DREAMers Act
Bill: H.R.782 | Sponsor: Rep. Vargas, Juan (D-CA)
Policy area: Housing and Community Development

Summary:
Homeownership for DREAMers Act
This bill prohibits federal mortgage providers from limiting insurance eligibility on the basis of the mortgagor's participation in the Deferred Action for Childhood Arrivals Program.

To clarify that eligibility of certain mortgages with Federal credit 
 enhancement may not be conditioned on the status of a mortgagor as a 
DACA recipient if all other eligibility criteria are satisfied, and for 
                            other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Homeownership for DREAMers Act''.

SEC. 2. DACA RECIPIENT ELIGIBILITY.

    (a) FHA.--Section 203 of the National Housing Act (12 U.S.C. 1709) 
is amended by inserting after subsection (h) the following:
    ``(i) DACA Recipient Eligibility.--
            ``(1) In general.--The Secretary may not--
                    ``(A) prescribe terms that limit the eligibility of 
                a single family mortgage for insurance under this title 
                because of the status of the mortgagor as a DACA 
                recipient; or
                    ``(B) issue any limited denial of participation in 
                the program for such insurance because of the status of 
                the mortgagor as a DACA recipient.
            ``(2) DACA recipient defined.--For the purposes of this 
        subsection, the term `DACA recipient' means an alien who, at 
        any time before, on, or after the date of the enactment of this 
        subsection, is or was in deferred action status pursuant to the 
        Deferred Action for Childhood Arrivals (`DACA') Program 
        announced by the Secretary of Homeland Security on June 15, 
        2012.
            ``(3) Exemption.--
                    ``(A) Denial for failure to satisfy valid 
                eligibility requirements.--Nothing in this title 
                prohibits the denial of insurance based on failure to 
                satisfy valid eligibility requirements.
                    ``(B) Invalid eligibility requirements.--Valid 
                eligibility requirements do not include criteria that 
                were adopted with the purpose of denying eligibility 
                for insurance because of race, color, religion, sex, 
                familial status, national origin, disability, or the 
                status of a mortgagor as a DACA recipient.''.
    (b) Rural Housing Service.--Section 501 of the Housing Act of 1949 
(42 U.S.C. 1472) is amended by adding at the end the following:
    ``(k) DACA Recipient Eligibility.--
            ``(1) In general.--The Secretary may not prescribe terms 
        that limit eligibility for a single family mortgage made, 
        insured, or guaranteed under this title because of the status 
        of the mortgagor as a DACA recipient.
            ``(2) DACA recipient defined.--For the purposes of this 
        paragraph, the term `DACA recipient' means an alien who, at any 
        time before, on, or after the date of the enactment of this 
        paragraph, is or was in deferred action status pursuant to the 
        Deferred Action for Childhood Arrivals (`DACA') Program 
        announced by the Secretary of Homeland Security on June 15, 
        2012.''.
    (c) Fannie Mae.--Section 302(b) of the National Housing Act (12 
U.S.C. 1717(b)) is amended by adding at the end the following:
            ``(8) DACA recipient eligibility.--
                    ``(A) In general.--The corporation may not 
                condition purchase of a single-family residence 
                mortgage by the corporation under this subsection on 
                the status of the borrower as a DACA recipient.
                    ``(B) DACA recipient defined.--For the purposes of 
                this paragraph, the term `DACA recipient' means an 
                alien who, at any time before, on, or after the date of 
                the enactment of this paragraph, is or was in deferred 
                action status pursuant to the Deferred Action for 
                Childhood Arrivals (`DACA') Program announced by the 
                Secretary of Homeland Security on June 15, 2012.''.
    (d) Freddie Mac.--Section 305(a) of the Federal Home Loan Mortgage 
Corporation Act (12 U.S.C. 1454) is amended by adding at the end the 
following:
            ``(6) DACA recipient eligibility.--
                    ``(A) In general.--The Corporation may not 
                condition purchase of a single-family residence 
                mortgage by the corporation under this subsection on 
                the status of the borrower as a DACA recipient.
                    ``(B) DACA recipient defined.--For the purposes of 
                this subsection, the term `DACA recipient' means an 
                alien who, at any time before, on, or after the date of 
                the enactment of this subsection, is or was in deferred 
                action status pursuant to the Deferred Action for 
                Childhood Arrivals (`DACA') Program announced by the 
                Secretary of Homeland Security on June 15, 2012.''.
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