HR 5599
Fulfilling the Promise of the Housing Trust Fund Act
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Fulfilling the Promise of the Housing Trust Fund Act, aims to increase funding for affordable housing by ensuring that fees generated from mortgage-backed securities and participation certificates – specifically those issued on or after October 1, 2021 – are automatically deposited into the Housing Trust Fund. It modifies existing law to clarify that these fees, including increases, should be directed to the fund and made available without needing additional congressional appropriations. The goal is to bolster the resources available for creating and maintaining affordable housing options across the United States.
Sponsors
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Primary sponsor
Denny Heck
Cosponsors
Al, Jr. Lawson
Ann M. Kuster
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