The Protecting Homeowners from Squatters Act prohibits federal support for loans secured by residential properties in municipalities that allow.
The Protecting Homeowners from Squatters Act aims to prevent federal support for loans secured by residential properties in municipalities that permit squatting. The bill defines squatting as residing in a property for 14 or more consecutive days without permission or payment. It prohibits the allocation of Community Development Block Grant funds and federal mortgage support to such municipalities. The Department of Housing and Urban Development must publicly list and justify the exclusion of these municipalities from receiving funds.
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