HR 8974
FHA Fairness Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The FHA Fairness Act aims to make it easier for people to get FHA-backed mortgages in certain cities and counties experiencing declining home values. It increases the maximum mortgage amount allowed for these areas, specifically targeting metropolitan and urban counties where home prices have fallen significantly. This change is designed to help stabilize housing markets and increase access to homeownership in areas that have been negatively impacted by economic downturns.
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