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Congressman Matt Cartwright

Representing the 17th District of Pennsylvania

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Housing

The current housing market remains fragile after the 2008 financial and foreclosure crisis, and home foreclosure rates remain high.  In 2012, approximately 8.5 million households with very low incomes faced “worst case housing needs,” meaning that they had no housing assistance and either paid more than half of their income for rent and utilities or lived in severely substandard housing. 

However, there are many bright spots.  For example, nearly 1.5 million homeowner assistance actions have taken place through the Making Home Affordable Programs, which helps eligible homeowners lower their monthly mortgage payments and avoid foreclosure and assists unemployed homeowners who owe more than their homes are worth.  Additionally, as of May 2014, more than 1.3 million homeowners have received a permanent modification through the Home Affordable Modification Program.  Through the program, homeowners reduced their first lien mortgage payments by a median of approximately $540 each month saving a total estimated $28.2 billion to date in monthly mortgage payments.  

Owning a home is a fundamental American dream, and one that is unfortunately still out of reach for many Americans.  Others have found themselves the victim of predatory lending practices and are in danger of losing their homes.  Unfortunately, incentives in our financial system made that predatory lending possible: unscrupulous mortgage brokers were not required to provide sufficient information to homeowners, and those who then sold the mortgages had little reason to see that they were sound.

To help address this issue, I support the National Homeowners Bill of Rights Act, which would add several protections for all homeowners, including:

  • Require servicers to provide translation services to improve communications;
  • Increase protection during loan transfers and penalties for robo-signing practices;
  • Enhance protections for tenants in foreclosed homes;
  • Establish limitations on when foreclosure proceedings can be initiated; and
  • Require servicers to evaluate loan modification eligibility and offer modifications when homeowners are eligible.

I am committed to working with my colleagues to ensure that those who engaged in these practices are held responsible and that such practices are never allowed again.

Every American deserves a safe and respectable place to live.  That’s why I introduced the Stop Foreclosures due to Congressional Dysfunction Act with the support of 66 colleagues.  The legislation would impose a 6-month moratorium on foreclosures for individuals who have lost their emergency unemployment compensation (EUC) due to recent congressional inaction.  The legislation would require that the Federal Housing Finance Agency direct the Government Sponsored Enterprises (GSEs) – Fannie Mae and Freddie Mac – to establish a six-month moratorium on foreclosures of GSE-guaranteed mortgages for borrowers provided that the borrowers were in good standing before losing their unemployment insurance.  I also sent a letter to Federal Housing Finance Agency Director Mel Watt, co-signed by 77 of my colleagues, asking him take action himself if Congress could not act on my bill.

I also introduced the Truth in Settlements Act a bipartisan, bicameral piece of legislation that would make more transparent the process by which the Department of Justice holds these banks and other companies accountable when they engage in inscrutable business practices like those that caused the mortgage crisis and the ensuing Great Recession.

Additionally, I have urged the House Appropriations Committee to increase funding for the Department of Housing and Urban Development’s (HUD) Housing Counseling Assistance Program, which provides the entire spectrum of counseling for homeowners, including pre-purchase counseling, foreclosure mitigation, reverse mortgages, rental assistance, and homelessness assistance.

As your Congressman, I will always fight to ensure that all of my constituents can find and keep affordable housing. 

More on Housing

May 25, 2018 Press Release

Scranton – Today, U.S. Representative Matt Cartwright announced that the U.S. Department of Housing and Urban Development (HUD) has granted Public Housing Capital Fund Awards totaling $17,513,760 to housing agencies across Northeastern Pennsylvania and the Lehigh Valley.

The Public Housing Capital Fund Award is granted annually by HUD to Public Housing Agencies (PHAs) for the development, financing, and modernization of public housing developments and for management improvements.

Apr 25, 2018 Press Release

Scranton, PA – Today, U.S. Representative Matt Cartwright announced that NeighborWorks Northeastern PA (NWNEPA), a member of the NeighborWorks network, has received $125,500 in federal grant funds from the Neighborhood Reinvestment Corporation, dba NeighborWorks America. This funding will support its local affordable housing and community development activities. 

Apr 12, 2018 Press Release

Wilkes-Barre, PA – Today, U.S. Representative Matt Cartwright announced that Wilkes-Barre Housing Authority has received a $35,791 federal grant from U.S. Housing and Urban Development in a continued effort to end veteran homelessness.

Dec 20, 2017 Press Release

Easton, PA – Today, U.S. Representative Matt Cartwright announced that the Department of Housing and Urban Development (HUD) awarded the Housing Authority of the City of Easton a $57,570 Family Self Sufficiency (FSS) grant.

Sep 29, 2017 Press Release

Wilkes-Barre, PA – Today, U.S. Representative Matt Cartwright announced $210,000 has been awarded to the Wilkes-Barre Housing Authority by the Department of Housing and Urban Development (HUD) through its Resident Opportunities and Self-Service Coordinators program. This award was part of HUD’s allocation of $2 million in grants to public housing authorities and non-profit organizations across the nation and was the only one awarded in Pennsylvania.

Jun 16, 2017 Press Release

Washington, DC – Yesterday, the House Committee on Appropriations passed a bill that included several priorities championed by U.S. Representative Matt Cartwright, a member of the committee. The FY18 Military Construction, Veterans Affairs, and Related Agencies (MilCon-VA) appropriations bill included robust funding for suicide prevention, opioid abuse treatment, and homeless assistance for veterans.

Aug 19, 2015 Press Release

Pottsville, PA – U.S. Representative Matt Cartwright announced today that the Borough of Girardville has been awarded a $500,000 HOME grant.

This money, paired with a matching DCED Keystone Communities grant awarded by the state, will allow the borough to construct a six-unit low-income housing development on West Main Street.  The new facility will provide rental opportunities to six low-income families; two of the units will be handicap-accessible.  

Jul 20, 2015 Press Release

Pottsville, PA – U.S. Representative Matt Cartwright announced today that the PA Department of Community and Economic Development (DCED) has awarded two Schuylkill County communities $763,390 in HOME Investment Partnerships Program (HOME) grant funding.  HOME funds are awarded as formula grants to states and municipalities by the U.S. Department of Housing and Urban Development; the program’s flexibility allows communities and nonprofit organizations to execute a wide range of activities, such as building, buying and refurbishing low-income housing.

Mar 23, 2015 Press Release

Washington – Today U.S. Representative Matt Cartwright announced that the U.S. Department of Housing and Urban Development (HUD) has awarded an Operating Subsidy award totaling $1,863,085 to housing agencies across northeastern Pennsylvania and the Lehigh Valley.

The Operating Subsidy Award is awarded annually by HUD to Public Housing Agencies in order to help pay for operation and management costs for public housing.

Jun 20, 2014 Press Release

By Reps. John Conyers Jr., Matt Cartwright and Steven Horsford

In the immediate aftermath of the nation’s 2008 foreclosure crisis, Congress played a constructive role in keeping Americans in their homes. Lawmakers supported loan modification programs and sweeping financial reforms, and — while many rightfully demanded more action — these efforts eased the effects of the crisis.