To authorize the Secretary of Housing and Urban Development, acting through the Federal Housing Commissioner, to establish a pilot program to increase access to small-dollar mortgages, and for other purposes.

# Summary of HR 6774 **What the Bill Would Do:** This bill would authorize the Department of Housing and Urban Development (HUD) to create a pilot program aimed at making mortgages more accessible to people seeking to buy homes with smaller loan amounts. The program would be run through the Federal Housing Commissioner, which oversees federal mortgage insurance programs. The specific details of how the pilot would work aren't fully described in the available information, but the general goal is to help borrowers who need smaller mortgages access home financing more easily. **Who It Affects:** This bill would primarily affect potential homebuyers who need smaller mortgages—typically lower-income individuals and families who may struggle to qualify for traditional home loans.

It could also affect mortgage lenders and the housing market more broadly by potentially expanding who can access federally-backed mortgage insurance. **Current Status:** The bill (HR 6774) was introduced in the 119th Congress by Representative Maxine Waters (D-California) and is currently in committee, meaning it has not yet been debated or voted on by the full House of Representatives. No further action has been taken at this time.