Congress Permanently Authorizes the Protecting Tenants at Foreclosure Act

Posted on by Phil Querin

National Low Income Housing Coalition, May 29, 2018.  President Trump signed into law a permanent extension of the “Protecting Tenants at Foreclosure Act” (PTFA) on May 24. The PTFA was included in a larger deregulation bill (S. 2155) passed by the House on May 22. The PTFA, which expired at the end of 2014, enables renters whose homes were in foreclosure to remain in their homes for at least 90 days or for the term of their lease, whichever is greater. Senator Richard Blumenthal (D-CT) and Representative Keith Ellison (D-MN) had earlier introduced legislation (S. 325/HR 915) to permanently extend the PTFA. Making the PTFA permanent has long been an NLIHC policy priority. According to the bill, the PTFA provisions take effect 30 days after the date of enactment of the Act. [MORE: Go to link here.]

 

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