Housing Opportunity Through Modernization Act Tag
Due to the overwhelming response from REALTORS® in Colorado and across the country contacting their Senators, we are excited to report that H.R. 3700 passed the U.S. Senate on July 14, 2016!
Once again the voices of REALTORS® were heard loud and clear on Capitol Hill and last night we scored a big win!
Thanks to you, and more than 139,000 REALTORS®...
H.R. 3700 was passed by the U.S. House 427-0. Despite passing with NO OBJECTIONS, the U.S. Senate has not acted on H.R. 3700.
This legislation provides significant benefits to taxpayers, homebuyers and the real estate market by:
Removing a burdensome and expensive FHA Condo approval process
Reducing FHA restrictions on the number of condos available to homebuyers
Permanently streamlining Rural Housing Service loan processing
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