Housing Stability for Dreamers Act

Section 203 of the National Housing Act (12 U.S.C. 1709) is amended by inserting after subsection (h) the following:

The Secretary may not—

(A) prescribe terms that limit the eligibility of a single family mortgage for insurance under this title based in whole or in part on the status of the mortgagor as a DACA recipient; or

(B) issue any limited denial of participation in the program for such insurance based in whole or in part on the status of the mortgagor as a DACA recipient.

For the purposes of this subsection, the term DACA recipient means an alien who, on the date of the enactment of this Act, is the recipient of deferred action pursuant to the memorandum of the Department of Homeland Security entitled Exercising Prosecutorial Discretion with Respect to Individuals Who Came to the United States as Children’ issued on June 15, 2012.

Section 501 of the Housing Act of 1949 (42 U.S.C. 1472) is amended by adding at the end the following:

The Secretary may not prescribe terms that limit eligibility for a single family mortgage made, insured, or guaranteed under this title because of the status of the mortgagor as a DACA recipient.

For the purposes of this paragraph, the term DACA recipient means an alien who, on the date of the enactment of this Act, is the recipient of deferred action pursuant to the memorandum of the Department of Homeland Security entitled Exercising Prosecutorial Discretion with Respect to Individuals Who Came to the United States as Children issued on June 15, 2012.

Section 302(b) of the National Housing Act (12 U.S.C. 1717(b)) is amended by adding at the end the following:

The corporation may not condition purchase of a single-family residence mortgage by the corporation under this subsection on the status of the borrower as a DACA recipient.

For the purposes of this paragraph, the term DACA recipient means an alien who, on the date of the enactment of this Act, is the recipient of deferred action pursuant to the memorandum of the Department of Homeland Security entitled Exercising Prosecutorial Discretion with Respect to Individuals Who Came to the United States as Children issued on June 15, 2012.

Section 305(a) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1454) is amended by adding at the end the following:

The Corporation may not condition purchase of a single-family residence mortgage by the corporation under this subsection on the status of the borrower as a DACA recipient.

For the purposes of this subsection, the term DACA recipient means an alien who, on the date of the enactment of this Act, is the recipient of deferred action pursuant to the memorandum of the Department of Homeland Security entitled Exercising Prosecutorial Discretion with Respect to Individuals Who Came to the United States as Children issued on June 15, 2012.

(1) in paragraph (6), by striking or at the end;

(2) in paragraph (7), by striking the period at the end and inserting; or; and

(3) by adding at the end the following:

(8) an alien who, on the date of the enactment of this Act, is the recipient of deferred action pursuant to the memorandum of the Department of Homeland Security entitled Exercising Prosecutorial Discretion with Respect to Individuals Who Came to the United States as Children issued on June 15, 2012.

(5) Whether a veteran described in paragraph (2) is a DACA recipient (as such term is defined in section 203 of the National Housing Act (12 U.S.C. 1709)) shall not affect the veteran’s entitlement to housing loan benefits under this chapter.