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H.R.5396 / 113th Congress

Keeping Families Home Act of 2014

Referred to the House Committee on Financial Services.

Official summary

Version 00 · Introduced in House · Aug 1, 2014

Keeping Families Home Act of 2014 - Directs each mortgage servicer to establish a deed-for-lease program which shall permit an eligible mortgagor to:

enter into a deed in lieu of foreclosure agreement;

continue to occupy and lease the property that is the subject of the agreement for one year; and

have a right of first refusal to purchase such property after the end of the one-year lease period, if the owner intends to sell the property at that time.

Exempts small servicers from such requirement.

Requires a lease to carry a monthly rent amount equal to the fair market rent for the property, as determined by an independent private appraiser hired by and paid by the servicer.

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Who introduced it

Rep. Lujan Grisham, Michelle [D-NM-1] · D–NM

Committees

  • Financial Services Committee
0 cosponsorship records, including any withdrawals

    Actions

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    1. Referred to the House Committee on Financial Services.

    2. Introduced in House

    3. Introduced in House

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    Related bills identified by Congress.gov

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    Source last updated: Aug 12, 2025. Consult Congress.gov for the current record.

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