summary
Introduced
07/26/2023
07/26/2023
In Committee
07/26/2023
07/26/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To require the Secretary of Housing and Urban Development to discount FHA single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program.
AI Summary
This bill, the Housing Financial Literacy Act of 2023, would require the Secretary of Housing and Urban Development to discount the Federal Housing Administration (FHA) single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program. Specifically, the bill amends the National Housing Act to stipulate that the mortgage insurance premium payment for eligible first-time homebuyers would be 25 basis points (0.25%) lower than the standard premium payment set by the Secretary, provided that the homebuyer completes the financial literacy counseling program before signing the mortgage application or sales agreement.
Committee Categories
Business and Industry
Sponsors (13)
Joyce Beatty (D)*,
Colin Allred (D),
Yadira Caraveo (D),
Mike Carey (R),
André Carson (D),
Ed Case (D),
Yvette Clarke (D),
Emanuel Cleaver (D),
Brian Fitzpatrick (R),
Marc Molinaro (R),
Gwen Moore (D),
Wiley Nickel (D),
Eleanor Holmes Norton (D),
Last Action
Referred to the House Committee on Financial Services. (on 07/26/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/4899/all-info |
| BillText | https://www.congress.gov/118/bills/hr4899/BILLS-118hr4899ih.pdf |
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