HUD Ends FHA-Insured Mortgages for Non-Permanent Residents

SOURCE www.breitbart.com
HUD Secretary Scott Turner announced the end of FHA-insured mortgages for non-permanent residents, including illegal aliens, reversing a Biden-era policy. New eligibility requirements will take effect on May 25, affecting DACA recipients and asylum seekers.

Key Points

  • HUD reverses Biden-era policy to end FHA-insured mortgages for non-permanent residents
  • New eligibility requirements to take effect on May 25
  • Effort to prevent taxpayer money from funding housing for illegal migrants

Pros

  • Ensures that taxpayer-funded programs are used for American citizens only
  • Closes the gap that allowed illegal migrants to access FHA-backed loans
  • Aligns with President Trump's executive order on taxpayer subsidization and homeownership

Cons

  • May impact some DACA recipients and asylum seekers seeking FHA-insured mortgages