The Middle Class Mortgage Insurance Premium Act of 2021 is a federal bill aimed at providing relief to middle-class homeowners by reducing mortgage insurance premiums. The main provisions of the bill include establishing a sliding scale for mortgage insurance premiums based on income levels, with lower-income households receiving reduced rates. This legislation seeks to make homeownership more affordable for middle-class families and potentially increase access to housing opportunities. If passed, this bill could have a significant impact on reducing financial burdens for middle-class individuals seeking to purchase homes.
2023-03-07: Introduced in House
2023-03-07: Referred to the House Committee on Ways and Means.
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