If you would like to help the millions of low and moderate-income homeowners who are facing the loss of their homes, but don't want to bail out the banks or take money out of the pockets of low-income renters, there is now a bill for you.

Representative Raul Grijalva (D-AZ) introduced the Saving Family Homes Act last week. This bill would give families facing foreclosure the option to stay in their homes up to 20 years as renters paying the fair market rent. This is a variation of my own-to-rent proposal from last summer.

The smart money doesn't think this bill much chance of passing, but of course the smart money also bet on subprime mortgages and Internet stocks. We shall see.

--Dean Baker