Prohibits federal support for loans and Community Development Block Grant funding in municipalities that allow squatting.
The Protecting Homeowners from Squatters Act prohibits federal support for loans secured by residential properties in municipalities that permit squatting. It also withholds Community Development Block Grant funding from such municipalities. The act defines squatting as residing in a property for 10 or more consecutive days without permission or payment. Federal agencies must develop guidelines to enforce these prohibitions.
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