Families and communities would get first chance to buy foreclosed homes from federal agencies.
This bill would give families, local governments, and nonprofit housing groups a 180-day head start to buy foreclosed homes from federal agencies. It aims to prohibit large investment companies from purchasing these properties during the initial 180-day period. This means more opportunities for people to purchase homes at fair market value.
Today, federal agencies may not have standardized rules for giving families and community groups priority access to foreclosed homes. This means large investment companies can often buy these properties without a dedicated waiting period for other buyers. After this bill, federal agencies would be required to offer foreclosed homes only to qualified buyers (like families, local governments, and nonprofits) for a 180-day period at fair market value. They could not bundle properties for sale during this time.
HR 6962 · 119th Congress · AI Summary by gemini-2.5-flash · 7/10
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9 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.