Federal Disaster Housing Stability Act of 2023

The Federal Disaster Housing Stability Act of 2023 aims to protect renters and homeowners from losing their homes in the immediate aftermath of a presidentially declared major disaster or emergency. If passed, the bill would establish a 120-day moratorium on evictions for nonpayment of rent and a six-month moratorium on mortgage foreclosures for properties located within a disaster area.

For citizens, this means that during the designated recovery period, landlords would be prohibited from filing for eviction, charging late fees, or increasing rent, while mortgage servicers would be barred from initiating or continuing foreclosure proceedings. These protections are designed to provide temporary financial relief and housing security to individuals and families as they work to rebuild their lives and recover from the economic impact of a natural disaster.