3.0.0 1940 2023-01-11T13:36:04Z 2023-01-11T13:36:04Z House HR 2017-04-05 115 [Congressional Record Volume 163, Number 59 (Wednesday, April 5, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GRIJALVA:H.R. 1940.Congress has the power to enact this legislation pursuantto the following:U.S. Const. art. I, Sec. Sec. 1 and 8.[Page H2755]]]> hsba00 Financial Services Committee House Standing Referred to 2017-04-05T14:08:15Z 2017-04-05 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-04-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-04-05 Introduced in House IntroReferral 1000 9 Library of Congress G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 N C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2017-04-05 True C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2017-04-05 True C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2017-04-05 True E000296 Rep. Evans, Dwight [D-PA-2] Dwight Evans D PA 2 2017-04-05 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2017-04-05 True J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2017-04-05 True K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2017-04-05 True L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2017-04-05 True N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2017-04-05 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2017-04-05 True R000606 Rep. Raskin, Jamie [D-MD-8] Jamie Raskin D MD 8 2017-04-05 True C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2017-04-25 False S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2017-04-26 False H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2017-05-22 False Housing and Community Development Government information and archives Housing finance and home ownership Housing and Community Development 00 2017-04-05 Introduced in House 2018-02-08T20:09:39Z Right to Rent Act of 2017

This bill temporarily allows an eligible mortgagor who is subject to foreclosure proceedings to remain in the foreclosed home as a renter for up to five years, subject to specified requirements. The bill applies to a mortgage originated prior to 2009 on a single-family home that: (1) has been used as a primary residence for at least two years, and (2) had a purchase price that is less than the median purchase price for residences in the area.

The bill specifies notice requirements and establishes a formula for determining fair-market rent.

The Department of Housing and Urban Development shall: (1) monitor compliance with the bill, (2) provide assistance to eligible mortgagors in exercising their rights under the bill, and (3) conduct outreach activities.

]]> Right to Rent Act of 2017 Display Title Right to Rent Act of 2017 Official Title as Introduced To allow homeowners of moderate-value homes who are subject to mortgage foreclosure proceedings to remain in their homes as renters. Introduced in House IH Short Titles as Introduced Right to Rent Act of 2017 Introduced in House 2017-04-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1940ih/xml/BILLS-115hr1940ih.xml 2017-04-05 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.