OK SR2

Acknowledges historic challenges people of color face in mortgage lending and the disproportionate impact of the 2008 housing crash on minority homeowners.

Warns that municipalities using eminent domain to restructure mortgages lack legal precedent and face vulnerability to legal challenge from federal authorities and lenders.

Cautions that the Federal Housing Finance Administration could order Fannie Mae and Freddie Mac to cease operations in areas using eminent domain programs, potentially reducing mortgage availability.

Encourages policymakers to examine potential dangers of eminent domain programs on minority communities and support foreclosure prevention programs instead, including lender outreach and financial literacy initiatives.

Directs distribution of resolution to the President, Oklahoma's congressional delegation, the Governor, and the Oklahoma Municipal League.