Homeownership for DREAMers Act

Bill: 116-s-1929
Sponsor: full_name: Sen. Menendez, Robert [D-NJ]
Introduced: 2019-06-20
Policy area: Housing and Community Development
Subjects: Government lending and loan guarantees

Housing discrimination

Housing finance and home ownership

Housing industry and standards

Immigration status and procedures
Latest action: action_date: 2019-06-20
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2019-06-20
action_desc: Introduced in Senate
text: <p><b>Homeownership for DREAMers Act</b></p> <p>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.</p>

tv_txt: II 116th CONGRESS 1st Session S. 1929 IN THE SENATE OF THE UNITED STATES June 20, 2019 Mr. Menendez (for himself, Ms. Cortez Masto , Mr. Brown , Mr. Booker , Mr. Wyden , Mr. Blumenthal , Ms. Duckworth , Mr. Sanders , Ms. Hirono , Ms. Klobuchar , Ms. Harris , and Mrs. Gillibrand ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To prohibit the Department of Housing and Urban Development from limiting the eligibility of DACA recipients for certain assistance, and for other purposes.

1. Short title This Act may be cited as the Homeownership for DREAMers Act . 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) DACA recipient defined In this subsection, the term DACA recipient means an alien who, at any time before, on, or after the date of 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. (2) Prohibition 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. (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. 1471 ) is amended by adding at the end the following: (k) DACA recipient eligibility (1) DACA recipient defined In this paragraph, the term DACA recipient means an alien who, at any time before, on, or after the date of 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. (2) Prohibition 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. . (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) DACA recipient defined In this paragraph, the term DACA recipient means an alien who, at any time before, on, or after the date of 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. (B) Prohibition 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. . (d) Freddie Mac Section 305(a) of the Federal Home Loan Mortgage Corporation Act ( 12 U.S.C. 1454(a) ) is amended by adding at the end the following: (6) DACA recipient eligibility (A) DACA recipient defined In this subsection, the term DACA recipient means an alien who, at any time before, on, or after the date of 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. (B) Prohibition 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. .