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Community Foreclosure Assistance Act of 2007

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Official summary

Version 00 · Introduced in Senate · Dec 12, 2007

Community Foreclosure Assistance Act of 2007 - Makes appropriations for additional emergency Community Development Block Grant (CDBG) assistance to states, metropolitan cities, and urban counties to carry out CDBG programs under the Housing and Urban Development Act of 1974: (1) for necessary expenses related to the impact of housing foreclosures, and other related economic and community development activities; and (2) to provide foreclosure-based rental assistance for individual renters in the form of relocation assistance.

Prohibits the direct or indirect provision of such funds, except for certified housing counseling services, to an individual homeowner for foreclosure prevention purposes, including refinancing assistance, loans, or any other form of financial assistance.

Increases from 15% to 25% the maximum amount of CDBG funds a local government may use for public services under the Housing and Urban Development Act of 1974, including those concerned with employment, crime prevention, child care, health, drug abuse, education, energy conservation, welfare or recreation needs.

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Requires at least 50% of CDBG funds appropriated or otherwise made available under this Act to benefit primarily persons of low- and moderate-income.

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Who introduced it

Sen. Coleman, Norm [R-MN] · R–MN

Committees

  • Banking, Housing, and Urban Affairs Committee
1 cosponsorship records, including any withdrawals

Actions

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  1. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. Introduced in Senate

Bill text & related measures

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Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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