We need your help – there is a proposed bill that makes buying a condo A LOT easier. It also expands opportunities for first-time homebuyers and streamlining rural housing programs for low-income rental residents. Please take action now to urge Senator Warren and Markey to pass H.R. 3700, the “Housing Opportunity Through Modernization Act of 2016,” a bill that makes needed reforms to the Federal Housing Administration (FHA) condominium loan program, federal-assisted housing programs and Rural Housing Service loan programs.
Condominiums are among the most affordable homeownership options for first-time homebuyers, as well as lower income borrowers, but barriers to safe, affordable mortgage credit for condos still exist. H.R. 3700 takes a number of steps to address those concerns.The United States Senate is missing an opportunity to improve housing markets across the country, and we need your help to tell them to get to work and make homeownership a priority!
The House of Representatives passed this bill unanimously with a bipartisan vote of 427-0 and now we need the Senate to act!