12-12 Protecting Tenants in Foreclosure Act :: The Construction Management Pro

12-12 Protecting Tenants in Foreclosure Act

Here is a link to a story regarding tenants and how they are affected by impending developments in legislation by the National Low Income Housing Coalition (NLIHC)

On May 20, 2009, the President signed into a law a bill containing provisions protecting tenants living in foreclosed buildings. (The Protecting Tenants at Foreclosure Act is Title VII of Public Law 111-22).

These provisions immediately went into effect and are “self-executing”, so no federal agency (such as HUD) is responsible for making them work.  It is up to advocates to make sure that tenants, landlords, public housing authorities, courts, the legal community, and others involved in the foreclosure process are aware of these new rights for tenants.

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