Neighborhood Preservation Act of 2011

referredUnited States· United States Congress· EN

Introduced

25 July 2011

Last action

22 August 2011 · Referred

Status

Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

Summary

Neighborhood Preservation Act of 2011 - Amends the Federal Deposit Insurance Act to authorize any depository institution (or affiliate) to lease, including lease with an option to purchase, to any individual for up to five years an interest in residential property which: (1) was or is security for an extension of credit by such depository institution (or affiliate), and (2) came under the institution's or affiliate's ownership or control through foreclosure (or a deed in lieu of foreclosure) on the extension of credit. Directs the federal banking agencies to jointly prescribe specified safety and soundness regulations, including minimum capital requirements for such institutions or affiliates. Permits extension of such a lease beyond five years if any federal or state law, including the Bank Holding Company Act of 1956, so permits. Applies this Act only to leases entered into during the three-year period beginning on the date of the enactment of this Act. Declares it is the intent of Congress that: (1) no permanent change in policy on leasing foreclosed property is being established with respect to depository institutions and depository institution holding companies, and (2) bank leasing of foreclosed property authorized under this Act should not apply to leases entered into after such three-year period. Authorizes a government-sponsored enterprise (the Federal National Mortgage Association [Fannie Mae] or the Federal Home Loan Mortgage Corporation [Freddie Mac]) to market for rental, before sale, any of its real estate owned properties and assets as the Federal Housing Finance Agency (FHFA) determines appropriate. Restricts lease agreements to five years.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

25 July 2011
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
25 July 2011
Introduced
Introduced in House
Source: IntroReferral
25 July 2011
Introduced
Introduced in House
Source: IntroReferral
22 August 2011
Referred
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Source: Committee

Votes

No vote records are attached yet.

Versions

Introduced in House · 25 July 2011 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 25 July 2011
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Introduced in House (PDF)
Introduced in House · EN · 25 July 2011
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Introduced in House
summary · EN · 25 July 2011
Open at official source
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Related records

related to ← Keeping Families in their Home Act of 2012

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/112th-congress/house-bill/2636
Open data entity: https://api.congress.gov/v3/bill/112/hr/2636
us · 112-hr-2636 · source updated 14 August 2025