Homeownership for DREAMers Act

I 117TH CONGRESS 1ST SESSION H. R. 782 To clarify that eligibility of certain mortgages with Federal credit enhance- ment may not be conditioned on the status of a mortgagor as a DACA recipient if all other eligibility criteria are satisfied, and for other pur- poses. IN THE HOUSE OF REPRESENTATIVES FEBRUARY 3, 2021 Mr. VARGAS (for himself, Mr. AGUILAR, Mrs. CAROLYN B. MALONEY of New York, Ms. GARCIA of Texas, Mr. FOSTER, Mr. GARCI´A of Illinois, Mr. MEEKS, Ms. VELA´ZQUEZ, Mr. CARBAJAL, Ms. TLAIB, Mrs. NAPOLITANO, Mr. BLUMENAUER, Mr. JONES, Mrs. BEATTY, Mr. VICENTE GONZALEZ of Texas, Mr. MCGOVERN, Mr. ESPAILLAT, Ms. ROYBAL-ALLARD, Mr. CASTRO of Texas, Ms. OCASIO-CORTEZ, Ms. PRESSLEY, Mr. VELA, Mr. TORRES of New York, Mrs. WATSON COLEMAN, Ms. BROWNLEY, Mr. SAN NICOLAS, Mr. SOTO, Ms. ESCOBAR, Ms. LEE of California, and Ms. CHU) introduced the following bill; which was referred to the Committee on Financial Services A BILL To clarify that eligibility of certain mortgages with Federal credit enhancement may not be conditioned on the status of a mortgagor as a DACA recipient if all other eligibility criteria are satisfied, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 VerDate Sep 11 2014 17:29 Feb 24, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H782.IH H782 pamtmann on DSKBC07HB2PROD with BILLS 2 •HR 782 IH SECTION 1. SHORT TITLE. 1 This Act may be cited as the ‘‘Homeownership for 2 DREAMers Act’’. 3 SEC. 2. DACA RECIPIENT ELIGIBILITY. 4 (a) FHA.—Section 203 of the National Housing Act 5 (12 U.S.C. 1709) is amended by inserting after subsection 6 (h) the following: 7 ‘‘(i) DACA RECIPIENT ELIGIBILITY.— 8 ‘‘(1) IN GENERAL.—The Secretary may not— 9 ‘‘(A) prescribe terms that limit the eligi- 10 bility of a single family mortgage for insurance 11 under this title because of the status of the 12 mortgagor as a DACA recipient; or 13 ‘‘(B) issue any limited denial of participa- 14 tion in the program for such insurance because 15 of the status of the mortgagor as a DACA re- 16 cipient. 17 ‘‘(2) DACA RECIPIENT DEFINED.—For the 18 purposes of this subsection, the term ‘DACA recipi- 19 ent’ means an alien who, at any time before, on, or 20 after the date of the enactment of this subsection, 21 is or was in deferred action status pursuant to the 22 Deferred Action for Childhood Arrivals (‘DACA’) 23 Program announced by the Secretary of Homeland 24 Security on June 15, 2012. 25 ‘‘(3) EXEMPTION.— 26 VerDate Sep 11 2014 17:29 Feb 24, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H782.IH H782 pamtmann on DSKBC07HB2PROD with BILLS 3 •HR 782 IH ‘‘(A) DENIAL FOR FAILURE TO SATISFY 1 VALID ELIGIBILITY REQUIREMENTS.—Nothing 2 in this title prohibits the denial of insurance 3 based on failure to satisfy valid eligibility re- 4 quirements. 5 ‘‘(B) INVALID ELIGIBILITY REQUIRE- 6 MENTS.—Valid eligibility requirements do not 7 include criteria that were adopted with the pur- 8 pose of denying eligibility for insurance because 9 of race, color, religion, sex, familial status, na- 10 tional origin, disability, or the status of a mort- 11 gagor as a DACA recipient.’’. 12 (b) RURAL HOUSING SERVICE.—Section 501 of the 13 Housing Act of 1949 (42 U.S.C. 1472) is amended by 14 adding at the end the following: 15 ‘‘(k) DACA RECIPIENT ELIGIBILITY.— 16 ‘‘(1) IN GENERAL.—The Secretary may not 17 prescribe terms that limit eligibility for a single fam- 18 ily mortgage made, insured, or guaranteed under 19 this title because of the status of the mortgagor as 20 a DACA recipient. 21 ‘‘(2) DACA RECIPIENT DEFINED.—For the 22 purposes of this paragraph, the term ‘DACA recipi- 23 ent’ means an alien who, at any time before, on, or 24 after the date of the enactment of this paragraph, 25 VerDate Sep 11 2014 17:29 Feb 24, 2021 Jkt 019200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H782.IH H782 pamtmann on DSKBC07HB2PROD with BILLS 4 •HR 782 IH is or was in deferred action status pursuant to the 1 Deferred Action for Childhood Arrivals (‘DACA’) 2 Program announced by the Secretary of Homeland 3 Security on June 15, 2012.’’. 4 (c) FANNIE MAE.—Section 302(b) of the National 5 Housing Act (12 U.S.C. 1717(b)) is amended by adding 6 at the end the following: 7 ‘‘(8) DACA RECIPIENT ELIGIBILITY.— 8 ‘‘(A) IN GENERAL.—The corporation may 9 not condition purchase of a single-family resi- 10 dence mortgage by the corporation under this 11 subsection on the status of the borrower as a 12 DACA recipient. 13 ‘‘(B) DACA RECIPIENT DEFINED.—For 14 the purposes of this paragraph, the term 15 ‘DACA recipient’ means an alien who, at any 16 time before, on, or after the date of the enact- 17 ment of this paragraph, is or was in deferred 18 action status pursuant to the Deferred Action 19 for Childhood Arrivals (‘DACA’) Program an- 20 nounced by the Secretary of Homeland Security 21 on June 15, 2012.’’. 22 (d) FREDDIE MAC.—Section 305(a) of the Federal 23 Home Loan Mortgage Corporation Act (12 U.S.C. 1454) 24 is amended by adding at the end the following: 25 VerDate Sep 11 2014 17:29 Feb 24, 2021 Jkt 019200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\H782.IH H782 pamtmann on DSKBC07HB2PROD with BILLS 5 •HR 782 IH ‘‘(6) DACA RECIPIENT ELIGIBILITY.— 1 ‘‘(A) IN GENERAL.—The Corporation may 2 not condition purchase of a single-family resi- 3 dence mortgage by the corporation under this 4 subsection on the status of the borrower as a 5 DACA recipient. 6 ‘‘(B) DACA RECIPIENT DEFINED.—For 7 the purposes of this subsection, the term 8 ‘DACA recipient’ means an alien who, at any 9 time before, on, or after the date of the enact- 10 ment of this subsection, is or was in deferred 11 action status pursuant to the Deferred Action 12 for Childhood Arrivals (‘DACA’) Program an- 13 nounced by the Secretary of Homeland Security 14 on June 15, 2012.’’. 15 Æ VerDate Sep 11 2014 17:29 Feb 24, 2021 Jkt 019200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6301 E:\BILLS\H782.IH H782 pamtmann on DSKBC07HB2PROD with BILLS