Share
NAR sent a letter to all Senators, urging them to bring H.R. 3700, the "Housing Opportunities through Modernization Act” to the Senate floor. This legislation, sponsored by Reps. Luetkemeyer (R-MO) and Cleaver (D-MO), passed the House with a unanimous vote of 427-0 last month. HR 3700 contains provisions to ease FHA restrictions on condo sale and purchase; provides permanent authority for direct endorsement for approved lenders to approve Rural Housing Service loans; and makes reforms to federally assisted rental housing programs to streamline the program. We urge the Senate to bring this important, non-controversial legislation to the Floor for an immediate vote.
Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.