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1 (March 5, 2008)

handle is hein.crs/crsajtj0001 and id is 1 raw text is: Order Code RS22828 March 5, 2008 Mortgage and Rental Assistance as Disaster Relief: Legislation in the 110th Congress Francis X. McCarthy Analyst in Emergency Management Policy Government and Finance Summary During the first session of the 1 10th Congress, Senators Feinstein and Boxer introduced S. 2386, the Mortgage and Rental Disaster Relief Act of 2007. The legislation would reinstate a Robert T. Stafford Disaster Relief and Emergency Assistance Act (Public Law 93-288, as amended) provision that provided mortgage and rental assistance to disaster victims. Mortgage and Rental Assistance (MRA) had been dropped from the Stafford Act by P.L. 106-390, the Disaster Mitigation Act of 2000 (DMA2K). MRA provided economic aid to help households remain in their residences by assisting with mortgage or rent payments for a period of up to eighteen months. This is distinct from temporary housing assistance under the Stafford Act that provides rental assistance due to disaster damage that makes a residence uninhabitable. For MRA help, the applicant had to prove a loss of income due to the disaster event. The MRA provision in S. 2386 differs from the previous MRA provision in that it establishes eligibility based on an income threshold. In order to qualify for the proposed MRA assistance, an individual or household would be required to have an adjusted gross income that does not exceed $75,000. The bill would provide an exception to this threshold in areas with a high cost of living, as determined by the President, although it could not exceed $100,000. This report summarizes the previous MRA provision administered by the Federal Emergency Management Agency, the issues that were a part of the discussion prior to its removal in P.L. 106-390, and questions that have been raised since 2000 regarding mortgage and rental assistance.

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