Bill > HR7368

This bill directs the Secretary of Housing and Urban Development and the Director of the Federal Housing Finance Agency to establish a pilot demonstration program to provide assistance to eligible applicants with federal student loan debt in purchasing foreclosed homes owned by the federal government, government-sponsored enterprises, and local land banks. The program aims to help creditworthy borrowers with federal student debt purchase eligible properties, integrate student loan repayment into mortgage repayment, and facilitate homeownership as a pathway to building equity and wealth, particularly for underserved communities disproportionately affected by the racial wealth gap and the economic impacts of the COVID-19 pandemic.