League supports Housing Financial Literacy Act of 2023
Published by: Jared Weiser
January 10, 2024 | Political Action
Ohioans succeed when they have access to affordable and reliable housing opportunities. Given Ohio’s current housing affordability issue, credit unions stand ready to help families access affordable housing and achieve their financial dreams. The League supports H.R. 4899, the Housing Financial Literacy Act of 2023, sponsored by Congresswoman Joyce Beatty (OH–3). The bill would require the Secretary of Housing and Urban Development (HUD) to discount Federal Housing Administration (FHA) single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program.
This legislation will leverage federal government resources to increase and improve financial literacy while making homeownership more accessible. As member-owned financial cooperatives, credit unions stand ready to help families access affordable housing and achieve their financial dreams.
