Source: National Low Income Housing Coalition, Memo to Members, July 23

“President Barack Obama signed H.R. 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act, on July 21. Among its provisions, the new law, P.L. 111-203, extends the Protecting Tenants at Foreclosure Act (PTFA) through the end of 2014 and clarifies that any lease or tenancy created prior to the change of title as a result of foreclosure is protected by PTFA (see Memo, 7/16)… [More ...]