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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Right to Rent Act of 2017

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To allow homeowners of moderate-value homes who are subject to mortgage foreclosure proceedings to remain in their homes as renters.

Actions Overview (1)

04/05/2017Introduced in House

All Actions (2)

04/05/2017Referred to the House Committee on Financial Services.
Action By: House of Representatives
04/05/2017Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Financial Services04/05/2017 Referred to

No related bill information was received for H.R.1940.

Subjects (3)

Latest Summary (1)

There is one summary for H.R.1940. View summaries

Shown Here:
Introduced in House (04/05/2017)

Right to Rent Act of 2017

This bill temporarily allows an eligible mortgagor who is subject to foreclosure proceedings to remain in the foreclosed home as a renter for up to five years, subject to specified requirements. The bill applies to a mortgage originated prior to 2009 on a single-family home that: (1) has been used as a primary residence for at least two years, and (2) had a purchase price that is less than the median purchase price for residences in the area.

The bill specifies notice requirements and establishes a formula for determining fair-market rent.

The Department of Housing and Urban Development shall: (1) monitor compliance with the bill, (2) provide assistance to eligible mortgagors in exercising their rights under the bill, and (3) conduct outreach activities.