Senate Democrats Call For Reversal Of HUD Policies For DACA FHA Mortgages

June 24, 2019

A number of Senate Democrats are calling on the Department of Housing and Urban Development, to reverse a recently introduced policy that gives the Federal Housing Administration the ability to refuse backed mortgages for folks who are under Deferred Action for Childhood Arrivals, according to a report.

 

"This week, a dozen Democrats introduced the 'Homeownership for Dreamers Act,' which would ensure that Dreamers cannot be denied a mortgage backed by the FHA, Fannie Mae, Freddie Mac, or the Department of Agriculture based solely on their immigration status," according to HousingWire.

 

In the past DACA borrowers were eligible for FHA backed mortgages under certain circumstances, however, that was changed under the new policy. Folks under DACA are ineligible "because DACA does not confer lawful status," according to the report. 

 

“There is no legitimate reason for the Trump Administration to deny FHA-backed mortgages to Dreamers who worked so hard to secure protected status under DACA and who continue to contribute so much to the country they call home,” said Robert Menendez, D-NJ; according to the report. 

 

Menendez is one of the many Senate Democrats standing behind the Homeownership for Dreamers Act, aimed towards making sure DACA recipients have the ability to acquire a government-backed loan.

 

To learn more about this bill and those who would be impacted by it, click on the image above

 

 

 

 

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