Twenty-two national organizations and 358 state and local organizations sent letters to Members of the Senate and House of Representatives on June 2, urging them to cosponsor the Permanently Protecting Tenants at Foreclosure Act., S. 1761 in the Senate and H.R. 3543 in the House. On June 3, advocates participated in a national call-in day highlighting the letters to congressional offices and urging co-sponsorship of the legislation. Extending the PTFA is a top policy priority for NLIHC.
The bills, sponsored by Senator Richard Blumenthal (D-CT) and Representative Keith Ellison (D-MN), would make the existing Protecting Tenants at Foreclosure Act (PTFA) permanent, and would add a private right of action to help ensure that the law is enforceable. If Congress does not act, the law will expire on December 31, 2014.
On June 4, Senator Debbie Stabenow (D-MI) became the seventh cosponsor of S. 1761, which has been referred to the Senate Committee on Banking, Housing and Urban Affairs. H.R. 3543 has 27 cosponsors, and has been referred to the House Committee on Financial Services.
The PTFA is the only federal protection for renters living in foreclosed properties. It ensures that renters have the right to at least 90 days’ notice before being required to move after foreclosure. Prior to enactment of the law, renters were often evicted with just a few days’ notice, unaware that while landlords collected rents they were behind on mortgage payments.