Representative Keith Ellison (D-MN) circulated a “Dear Colleague” letter on April 30, urging members of the House of Representatives to co-sponsor his legislation, the Permanently Protecting Tenants at Foreclosure Act (H.R. 3619).
The Protecting Tenants at Foreclosure Act (PTFA) ensures that after foreclosure bona fide tenants have the right to stay in their homes for the remainder of their leases, or at least 90 days. Prior to passage of the law, there was no federal protection for tenants living in foreclosed properties and in some states renters could be evicted with just a few days notice. Initially set to expire on December 31, 2012, the Dodd-Frank Consumer Protection and Wall Street Reform Act of 2010 extended the PTFA sunset date to December 31, 2014 (see Memo, 7/23/10).
The National Low Income Housing Coalition has endorsed H.R. 3619, which would remove the 2014 sunset date for the PTFA and would add a private right of action as an enforcement mechanism for the law. Advocates, including the National Low Income Housing Coalition, are working to add co-sponsors to the legislation.
On March 20, the Coalition joined 27 members of the National Foreclosure Prevention and Neighborhood Stabilization Task Force in sending a letter to House Financial Services Subcommittee on Insurance, Housing, and Community Opportunity Chair Judy Biggert (R-IL) and Ranking Member Luis Gutierrez (D-IL) urging that the PTFA be made permanent.
A copy of the Dear Colleague is attached.
A copy of the National Foreclosure Prevention and Neighborhood Stabilization Task Force letter is attached.