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Housing Financial Literacy Act of 2021
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 5,357 other S bills in the 117th — cohort avg 38d
Housing Financial Literacy Act of 2021 This bill modifies the discount given by the Federal Housing Administration (FHA) on single-family mortgage-insurance premium payments for first-time homebuyers who complete a financial-management counseling program. Under current law, the maximum premium amount for such homebuyers is 2.75% of the original insured principal obligation of the mortgage (compared to 3% for other homebuyers). The bill instead requires that the premium amount for such homebuyers be 25 basis points (0.25% of the original insured principal obligation of mortgage) lower than the amount otherwise established by the FHA. The bill also specifies that first-time homebuyers must complete the financial-management counseling program prior to applying for a mortgage or entering into a sales agreement.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (1)
2024 · fourth_quarter · Housing
S.32 Choice in Affordable Housing Act related to HUDs HCV program H.R.1395/S.1490 Housing Financial Literacy Act related to financial management education Federal Housing Finance Agency(FHFA) guidance related to insurance requirements
Client expense: $560,000 · Firm income: Not reported
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
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Sources: Congress.gov
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, SENATE
2024 · third_quarter · Housing
S.32 Choice in Affordable Housing Act related to HUDs HCV program H.R.1395/S.1490 Housing Financial Literacy Act related to financial management education Federal Housing Finance Agency(FHFA) guidance related to insurance requirements
Client expense: $590,000 · Firm income: Not reported
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, SENATE
2024 · second_quarter · Housing
S.32 Choice in Affordable Housing Act related to HUDs HCV program H.R.1395/S.1490 Housing Financial Literacy Act related to financial management education Federal Housing Finance Agency(FHFA) guidance related to insurance requirements
Client expense: $680,000 · Firm income: Not reported
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, SENATE
2024 · second_quarter · Housing
S.32 Choice in Affordable Housing Act related to HUDs HCV program H.R.1395/S.1490 Housing Financial Literacy Act related to financial management education Federal Housing Finance Agency(FHFA) guidance related to insurance requirements
Client expense: $1,420,000 · Firm income: Not reported
Government targets: Federal Housing Finance Agency (FHFA), HOUSE OF REPRESENTATIVES, SENATE
2024 · first_quarter · Housing
S.32 Choice in Affordable Housing Act related to HUDs HCV program H.R.1395/S.1490 Housing Financial Literacy Act related to financial management education
Client expense: $660,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · fourth_quarter · Housing
S.32 Choice in Affordable Housing Act H.R.1395/S.1490 Housing Financial Literacy Act
Client expense: $560,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2023 · third_quarter · Housing
S.32 Choice in Affordable Housing Act H.R.1395/S.1490 Housing Financial Literacy Act
Client expense: $640,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE