Wednesday, December 14, 2011
On December 8, Representative Keith Ellison (D-MN) introduced H.R. 3619 to make the federal Protecting Tenants at Foreclosure Act permanent. The legislation has been referred to the House Committee on Financial Services.
The Protecting Tenants at Foreclosure Act (PTFA) guarantees that banks and other new owners of rental housing after foreclosure provide at least 90 days’ notice to renters living in foreclosed homes. Before PTFA was in place, tenants could be evicted from their homes with as little as a few days’ notice when the property was foreclosed. Unless extended, PTFA will expire at the end of 2014.
H.R. 3619 would make PTFA permanent by removing the 2014 sunset. It would also add a private right of action for tenants whose rights under PTFA have been violated.
“Our research shows that PTFA has helped halt eviction for the vast majority of renters who have sought legal advice,” said Sheila Crowley, President and CEO of the National Low Income Housing Coalition, in a press release about the bill. “We know that the foreclosure crisis is far from over. Extending PTFA now and giving it teeth is the most important things we can do to keep renters in their homes during foreclosure.”
NLIHC is urging Members of Congress to quickly sponsor the Protecting Tenants at Foreclosure Act extension. “Supporting this bill should not give anyone pause,” said Ms. Crowley. “It’s a win-win for renters and communities.”
The text of H.R. 3619 is available at: http://nlihc.org/doc/Ellison-HR3619-PTFA-Bill-2011.pdf
NLIHC’s press release on the bill’s introduction is available at http://nlihc.org/detail/article.cfm?article_id=8351